Advocaat Delodder: 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 Delodder
Largest movements
- Tangible fixed assets -€24,344
down €24,344 (-5.6%), from €436,072 to €411,727
of which Land and buildings: -€16,548
- Current investments -€9,406
down €9,406 (-26.3%), from €35,825 to €26,419
- Reserves -€27,000
down €27,000 (-16.3%), from €166,000 to €139,000
- Debts after one year -€11,888
down €11,888 (-3.9%), from €307,783 to €295,895
- Gross operating margin +€19,429
up €19,429 (+12.6%), from €154,046 to €173,475
- Financial charges +€7,408
up €7,408 (+69.8%), from €10,616 to €18,024
- Taxes +€5,885
up €5,885 (+28.4%), from €20,710 to €26,595
- Other operating charges -€3,858
down €3,858 (-58.5%), from €6,593 to €2,735
- Depreciation -€2,301
down €2,301 (-6.0%), from €38,228 to €35,927
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 | €616,738 | €577,730 | -€39,008 | -6.3% |
| Fixed assets | 21/28 | €469,409 | €439,064 | -€30,344 | -6.5% |
| Intangible fixed assets | 21 | €33,337 | €27,337 | -€6,000 | -18.0% |
| Tangible fixed assets | 22/27 | €436,072 | €411,727 | -€24,344 | -5.6% |
| Land and buildings | 22 | €398,659 | €382,111 | -€16,548 | -4.2% |
| Furniture and vehicles | 24 | €37,413 | €29,616 | -€7,797 | -20.8% |
| Current assets | 29/58 | €147,329 | €138,666 | -€8,664 | -5.9% |
| Amounts receivable within one year | 40/41 | €45,656 | €43,036 | -€2,620 | -5.7% |
| Trade receivables | 40 | €32,297 | €41,511 | +€9,213 | +28.5% |
| Other amounts receivable | 41 | €13,358 | €1,525 | -€11,833 | -88.6% |
| Current investments | 50/53 | €35,825 | €26,419 | -€9,406 | -26.3% |
| Cash at bank and in hand | 54/58 | €63,043 | €65,608 | +€2,565 | +4.1% |
| Deferred charges and accrued income | 490/1 | €2,806 | €3,603 | +€797 | +28.4% |
| Total equity and liabilities | 10/49 | €616,738 | €577,730 | -€39,008 | -6.3% |
| Equity | 10/15 | €171,223 | €144,178 | -€27,046 | -15.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €166,000 | €139,000 | -€27,000 | -16.3% |
| Distributable reserves | 133 | €166,000 | €139,000 | -€27,000 | -16.3% |
| Profit (loss) carried forward | 14 | €223 | €178 | -€46 | -20.5% |
| Amounts payable | 17/49 | €445,515 | €433,553 | -€11,962 | -2.7% |
| Amounts payable after more than one year | 17 | €307,783 | €295,895 | -€11,888 | -3.9% |
| Financial debts | 170/4 | €307,783 | €295,895 | -€11,888 | -3.9% |
| Amounts payable within one year | 42/48 | €136,691 | €136,238 | -€453 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €11,479 | €11,888 | +€409 | +3.6% |
| Trade debts | 44 | €7,877 | €5,047 | -€2,830 | -35.9% |
| Suppliers | 440/4 | €7,877 | €5,047 | -€2,830 | -35.9% |
| Taxes, remuneration and social security | 45 | €13,092 | €11,224 | -€1,868 | -14.3% |
| Taxes | 450/3 | €13,092 | €11,224 | -€1,868 | -14.3% |
| Other amounts payable | 47/48 | €104,243 | €108,079 | +€3,836 | +3.7% |
| Accrued charges and deferred income | 492/3 | €1,041 | €1,419 | +€378 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,228 | €35,927 | -€2,301 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €894 | €0 | -€894 | -100% |
| Other operating charges | 640/8 | €6,593 | €2,735 | -€3,858 | -58.5% |
| Gross operating margin | 9900 | €154,046 | €173,475 | +€19,429 | +12.6% |
| Operating profit (loss) | 9901 | €108,331 | €134,813 | +€26,482 | +24.4% |
| Financial income | 75/76B | €724 | €2,761 | +€2,036 | +281% |
| Recurring financial income | 75 | €724 | €2,761 | +€2,036 | +281% |
| Financial charges | 65/66B | €10,616 | €18,024 | +€7,408 | +69.8% |
| Recurring financial charges | 65 | €10,616 | €18,024 | +€7,408 | +69.8% |
| Profit (loss) for the period before taxes | 9903 | €98,440 | €119,549 | +€21,110 | +21.4% |
| Income taxes | 67/77 | €20,710 | €26,595 | +€5,885 | +28.4% |
| Profit (loss) for the period | 9904 | €77,730 | €92,954 | +€15,224 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,730 | €92,954 | +€15,224 | +19.6% |
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 14 October 2026 via checked.be.