Advocaat Devriendt: 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 Devriendt
Largest movements
- Tangible fixed assets +€85,556
up €85,556 (+274%), from €31,189 to €116,745
of which Furniture and vehicles: +€86,231
- Receivables within one year -€35,539
down €35,539 (-78.1%), from €45,526 to €9,987
of which Trade receivables: -€17,862
- Cash +€17,813
up €17,813 (+13.9%), from €128,050 to €145,863
mainly Other debts (+€194,768) and Net result for the year (+€122,355)
- Deferred charges and accrued income -€11,948
down €11,948 (-12.3%), from €97,107 to €85,159
- Other debts +€194,768
up €194,768 (+302%), from €64,539 to €259,307
- Reserves -€141,725
down €141,725 (-84.3%), from €168,130 to €26,405
- Trade debts -€54,452
down €54,452 (-98.1%), from €55,483 to €1,031
- Current portion of long-term debt +€48,064
new in 2025: €48,064
- Advances received +€7,341
new in 2025: €7,341
- Gross operating margin +€93,103
up €93,103 (+88.9%), from €104,767 to €197,870
- Taxes +€18,803
up €18,803 (+108%), from €17,480 to €36,283
- Other operating charges +€15,828
up €15,828 (+1,861%), from €851 to €16,679
- Depreciation +€5,004
up €5,004 (+46.2%), from €10,835 to €15,839
- Financial income +€4,949
up €4,949 (+3,229%), from €153 to €5,102
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 | €301,872 | €357,755 | +€55,883 | +18.5% |
| Fixed assets | 21/28 | €31,189 | €116,745 | +€85,556 | +274% |
| Tangible fixed assets | 22/27 | €31,189 | €116,745 | +€85,556 | +274% |
| Plant, machinery and equipment | 23 | €3,798 | €3,123 | -€675 | -17.8% |
| Furniture and vehicles | 24 | €27,390 | €113,622 | +€86,231 | +315% |
| Current assets | 29/58 | €270,683 | €241,010 | -€29,674 | -11.0% |
| Amounts receivable within one year | 40/41 | €45,526 | €9,987 | -€35,539 | -78.1% |
| Trade receivables | 40 | €27,775 | €9,913 | -€17,862 | -64.3% |
| Other amounts receivable | 41 | €17,751 | €74 | -€17,677 | -99.6% |
| Cash at bank and in hand | 54/58 | €128,050 | €145,863 | +€17,813 | +13.9% |
| Deferred charges and accrued income | 490/1 | €97,107 | €85,159 | -€11,948 | -12.3% |
| Total equity and liabilities | 10/49 | €301,872 | €357,755 | +€55,883 | +18.5% |
| Equity | 10/15 | €178,130 | €36,405 | -€141,725 | -79.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €168,130 | €26,405 | -€141,725 | -84.3% |
| Distributable reserves | 133 | €168,130 | €26,405 | -€141,725 | -84.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €123,742 | €321,349 | +€197,607 | +160% |
| Amounts payable within one year | 42/48 | €123,742 | €321,349 | +€197,607 | +160% |
| Current portion of amounts payable after more than one year | 42 | - | €48,064 | +€48,064 | |
| Trade debts | 44 | €55,483 | €1,031 | -€54,452 | -98.1% |
| Suppliers | 440/4 | €55,483 | €1,031 | -€54,452 | -98.1% |
| Advances received on contracts in progress | 46 | - | €7,341 | +€7,341 | |
| Taxes, remuneration and social security | 45 | €3,720 | €5,607 | +€1,887 | +50.7% |
| Taxes | 450/3 | €3,720 | €5,607 | +€1,887 | +50.7% |
| Other amounts payable | 47/48 | €64,539 | €259,307 | +€194,768 | +302% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,835 | €15,839 | +€5,004 | +46.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,169 | €3,293 | +€1,124 | +51.8% |
| Other operating charges | 640/8 | €851 | €16,679 | +€15,828 | +1,861% |
| Gross operating margin | 9900 | €104,767 | €197,870 | +€93,103 | +88.9% |
| Operating profit (loss) | 9901 | €90,912 | €162,059 | +€71,147 | +78.3% |
| Financial income | 75/76B | €153 | €5,102 | +€4,949 | +3,229% |
| Recurring financial income | 75 | €153 | €5,102 | +€4,949 | +3,229% |
| Financial charges | 65/66B | €6,825 | €8,523 | +€1,698 | +24.9% |
| Recurring financial charges | 65 | €6,825 | €8,523 | +€1,698 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €84,240 | €158,639 | +€74,398 | +88.3% |
| Income taxes | 67/77 | €17,480 | €36,283 | +€18,803 | +108% |
| Profit (loss) for the period | 9904 | €66,760 | €122,355 | +€55,595 | +83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,760 | €122,355 | +€55,595 | +83.3% |
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 15 October 2026 via checked.be.