Advocaat CVW: 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 CVW
Largest movements
- Current investments +€12,186
up €12,186 (+152%), from €7,993 to €20,179
- Cash +€6,874
up €6,874 (+44.0%), from €15,624 to €22,498
mainly Net result for the year (+€20,397) and Tax, wage and social debts (+€1,360)
- Receivables within one year +€3,481
up €3,481 (+43.1%), from €8,075 to €11,556
of which Trade receivables: +€3,494
- Tangible fixed assets -€636
down €636 (-23.9%), from €2,665 to €2,030
of which Furniture and vehicles: -€412
- Reserves +€20,397
up €20,397 (+109%), from €18,655 to €39,052
- Tax, wage and social debts +€1,360
up €1,360 (+16.5%), from €8,263 to €9,623
- Gross operating margin +€4,773
up €4,773 (+21.5%), from €22,211 to €26,983
- Taxes +€1,353
up €1,353 (+28.5%), from €4,753 to €6,106
- Depreciation -€1,141
down €1,141 (-64.2%), from €1,777 to €636
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 | €34,406 | €56,263 | +€21,857 | +63.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,665 | €2,030 | -€636 | -23.9% |
| Tangible fixed assets | 22/27 | €2,665 | €2,030 | -€636 | -23.9% |
| Furniture and vehicles | 24 | €1,798 | €1,386 | -€412 | -22.9% |
| Other tangible fixed assets | 26 | €867 | €644 | -€223 | -25.8% |
| Current assets | 29/58 | €31,740 | €54,233 | +€22,493 | +70.9% |
| Amounts receivable within one year | 40/41 | €8,075 | €11,556 | +€3,481 | +43.1% |
| Trade receivables | 40 | €8,062 | €11,556 | +€3,494 | +43.3% |
| Other amounts receivable | 41 | €13 | €0 | -€13 | -100% |
| Current investments | 50/53 | €7,993 | €20,179 | +€12,186 | +152% |
| Cash at bank and in hand | 54/58 | €15,624 | €22,498 | +€6,874 | +44.0% |
| Deferred charges and accrued income | 490/1 | €47 | €0 | -€47 | -100% |
| Total equity and liabilities | 10/49 | €34,406 | €56,263 | +€21,857 | +63.5% |
| Equity | 10/15 | €21,155 | €41,552 | +€20,397 | +96.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €18,655 | €39,052 | +€20,397 | +109% |
| Distributable reserves | 133 | €18,655 | €39,052 | +€20,397 | +109% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €13,250 | €14,711 | +€1,460 | +11.0% |
| Amounts payable within one year | 42/48 | €13,250 | €14,711 | +€1,460 | +11.0% |
| Trade debts | 44 | €582 | €770 | +€188 | +32.3% |
| Suppliers | 440/4 | €582 | €770 | +€188 | +32.3% |
| Taxes, remuneration and social security | 45 | €8,263 | €9,623 | +€1,360 | +16.5% |
| Taxes | 450/3 | €8,263 | €9,623 | +€1,360 | +16.5% |
| Other amounts payable | 47/48 | €4,406 | €4,318 | -€88 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,777 | €636 | -€1,141 | -64.2% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | €22,211 | €26,983 | +€4,773 | +21.5% |
| Operating profit (loss) | 9901 | €20,434 | €26,348 | +€5,914 | +28.9% |
| Financial income | 75/76B | €79 | €198 | +€119 | +151% |
| Recurring financial income | 75 | €79 | €198 | +€119 | +151% |
| Financial charges | 65/66B | €86 | €43 | -€43 | -50.1% |
| Recurring financial charges | 65 | €86 | €43 | -€43 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €20,427 | €26,503 | +€6,076 | +29.7% |
| Income taxes | 67/77 | €4,753 | €6,106 | +€1,353 | +28.5% |
| Profit (loss) for the period | 9904 | €15,673 | €20,397 | +€4,723 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,673 | €20,397 | +€4,723 | +30.1% |
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 29 October 2026 via checked.be.