ADVOCAAT BUSSCHAERT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ADVOCAAT BUSSCHAERT
Largest movements
- Current investments +€158,258
up €158,258 (+29.6%), from €534,293 to €692,551
- Cash -€28,812
down €28,812 (-34.3%), from €83,940 to €55,127
mainly Current investments (-€158,258) and Receivables within one year (-€11,870)
- Receivables within one year +€11,870
up €11,870 (+115%), from €10,303 to €22,173
of which Trade receivables: +€12,237
- Tangible fixed assets -€10,487
down €10,487 (-20.1%), from €52,255 to €41,768
of which Furniture and vehicles: -€9,416
- Reserves +€91,189
up €91,189 (+16.9%), from €539,451 to €630,640
- Tax, wage and social debts +€31,536
up €31,536 (+1,498%), from €2,105 to €33,641
- Financial income +€101,033
up €101,033 (+1,938%), from €5,212 to €106,245
- Taxes +€24,550
up €24,550 (+107%), from €22,987 to €47,537
- Gross operating margin -€22,095
down €22,095 (-28.9%), from €76,401 to €54,306
- Depreciation +€6,676
up €6,676 (+129%), from €5,164 to €11,840
- Other operating charges -€1,892
down €1,892 (-70.1%), from €2,699 to €807
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €684,652 | €813,603 | +€128,951 | +18.8% |
| Fixed assets | 21/28 | €52,255 | €41,768 | -€10,487 | -20.1% |
| Tangible fixed assets | 22/27 | €52,255 | €41,768 | -€10,487 | -20.1% |
| Furniture and vehicles | 24 | €47,972 | €38,556 | -€9,416 | -19.6% |
| Other tangible fixed assets | 26 | €4,283 | €3,213 | -€1,071 | -25.0% |
| Current assets | 29/58 | €632,397 | €771,835 | +€139,438 | +22.0% |
| Amounts receivable within one year | 40/41 | €10,303 | €22,173 | +€11,870 | +115% |
| Trade receivables | 40 | €9,936 | €22,173 | +€12,237 | +123% |
| Other amounts receivable | 41 | €367 | - | -€367 | |
| Current investments | 50/53 | €534,293 | €692,551 | +€158,258 | +29.6% |
| Cash at bank and in hand | 54/58 | €83,940 | €55,127 | -€28,812 | -34.3% |
| Deferred charges and accrued income | 490/1 | €3,861 | €1,983 | -€1,878 | -48.6% |
| Total equity and liabilities | 10/49 | €684,652 | €813,603 | +€128,951 | +18.8% |
| Equity | 10/15 | €551,851 | €643,040 | +€91,189 | +16.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €539,451 | €630,640 | +€91,189 | +16.9% |
| Distributable reserves | 133 | €539,451 | €630,640 | +€91,189 | +16.9% |
| Amounts payable | 17/49 | €132,801 | €170,563 | +€37,762 | +28.4% |
| Amounts payable within one year | 42/48 | €123,570 | €161,513 | +€37,943 | +30.7% |
| Trade debts | 44 | €2,917 | €1,355 | -€1,562 | -53.5% |
| Suppliers | 440/4 | €2,917 | €1,355 | -€1,562 | -53.5% |
| Taxes, remuneration and social security | 45 | €2,105 | €33,641 | +€31,536 | +1,498% |
| Taxes | 450/3 | €2,105 | €33,641 | +€31,536 | +1,498% |
| Other amounts payable | 47/48 | €118,548 | €126,517 | +€7,969 | +6.7% |
| Accrued charges and deferred income | 492/3 | €9,231 | €9,050 | -€181 | -2.0% |
| Non-recurring operating income | 76A | €3,855 | - | -€3,855 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,164 | €11,840 | +€6,676 | +129% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,747 | - | +€1,747 | |
| Other operating charges | 640/8 | €2,699 | €807 | -€1,892 | -70.1% |
| Gross operating margin | 9900 | €76,401 | €54,306 | -€22,095 | -28.9% |
| Operating profit (loss) | 9901 | €70,284 | €41,658 | -€28,626 | -40.7% |
| Financial income | 75/76B | €5,212 | €106,245 | +€101,033 | +1,938% |
| Recurring financial income | 75 | €5,212 | €106,245 | +€101,033 | +1,938% |
| Financial charges | 65/66B | €9,316 | €9,178 | -€138 | -1.5% |
| Recurring financial charges | 65 | €9,316 | €9,178 | -€138 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €66,181 | €138,726 | +€72,545 | +110% |
| Income taxes | 67/77 | €22,987 | €47,537 | +€24,550 | +107% |
| Profit (loss) for the period | 9904 | €43,194 | €91,189 | +€47,995 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €43,194 | €91,189 | +€47,995 | +111% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.