ADVOCAAT DEWITTE: 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 DEWITTE
Largest movements
- Current investments +€25,000
new in 2025: €25,000
- Tangible fixed assets -€14,828
down €14,828 (-8.7%), from €170,681 to €155,853
of which Furniture and vehicles: -€7,532
- Cash +€13,544
up €13,544 (+61.1%), from €22,181 to €35,725
mainly Net result for the year (+€48,704) and Depreciation (+€14,853)
- Receivables within one year +€7,264
up €7,264 (+19.7%), from €36,867 to €44,131
of which Other amounts receivable: +€9,267
- Reserves +€48,704
up €48,704 (+75.6%), from €64,441 to €113,145
of which Distributable reserves: +€48,704
- Trade debts -€13,901
down €13,901 (-67.9%), from €20,479 to €6,578
- Debts after one year -€12,175
down €12,175 (-11.2%), from €108,268 to €96,093
- Tax, wage and social debts +€8,364
up €8,364 (+55.4%), from €15,105 to €23,469
of which Taxes: +€10,050
- Gross operating margin +€59,852
up €59,852 (+74.9%), from €79,931 to €139,783
- Taxes +€13,533
up €13,533 (+161.2%), from €8,396 to €21,929
- Financial income -€5,982
down €5,982 (-99.7%), from €6,000 to €18
of which Non-recurring financial income: -€6,000
- Staff costs +€3,341
up €3,341 (+7.4%), from €45,166 to €48,507
- Depreciation +€2,704
up €2,704 (+22.3%), from €12,149 to €14,853
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.
Cash bridge derived
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 | €232,638 | €263,860 | +€31,222 | +13.4% |
| Fixed assets | 21/28 | €170,706 | €155,853 | -€14,853 | -8.7% |
| Intangible fixed assets | 21 | €25 | - | -€25 | |
| Tangible fixed assets | 22/27 | €170,681 | €155,853 | -€14,828 | -8.7% |
| Land and buildings | 22 | €130,561 | €126,169 | -€4,392 | -3.4% |
| Plant, machinery and equipment | 23 | €6,186 | €4,032 | -€2,154 | -34.8% |
| Furniture and vehicles | 24 | €33,184 | €25,652 | -€7,532 | -22.7% |
| Other tangible fixed assets | 26 | €750 | - | -€750 | |
| Current assets | 29/58 | €61,932 | €108,007 | +€46,075 | +74.4% |
| Amounts receivable within one year | 40/41 | €36,867 | €44,131 | +€7,264 | +19.7% |
| Trade receivables | 40 | €18,383 | €16,380 | -€2,003 | -10.9% |
| Other amounts receivable | 41 | €18,484 | €27,751 | +€9,267 | +50.1% |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €22,181 | €35,725 | +€13,544 | +61.1% |
| Deferred charges and accrued income | 490/1 | €2,884 | €3,151 | +€267 | +9.3% |
| Total equity and liabilities | 10/49 | €232,638 | €263,860 | +€31,222 | +13.4% |
| Equity | 10/15 | €76,841 | €125,545 | +€48,704 | +63.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €64,441 | €113,145 | +€48,704 | +75.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €62,581 | €111,285 | +€48,704 | +77.8% |
| Amounts payable | 17/49 | €155,797 | €138,315 | -€17,482 | -11.2% |
| Amounts payable after more than one year | 17 | €108,268 | €96,093 | -€12,175 | -11.2% |
| Financial debts | 170/4 | €108,268 | €96,093 | -€12,175 | -11.2% |
| Amounts payable within one year | 42/48 | €47,529 | €42,222 | -€5,307 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €11,945 | €12,175 | +€230 | +1.9% |
| Trade debts | 44 | €20,479 | €6,578 | -€13,901 | -67.9% |
| Suppliers | 440/4 | €20,479 | €6,578 | -€13,901 | -67.9% |
| Taxes, remuneration and social security | 45 | €15,105 | €23,469 | +€8,364 | +55.4% |
| Taxes | 450/3 | €8,418 | €18,468 | +€10,050 | +119.4% |
| Remuneration and social security | 454/9 | €6,687 | €5,001 | -€1,686 | -25.2% |
| Remuneration, social security and pensions | 62 | €45,166 | €48,507 | +€3,341 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,149 | €14,853 | +€2,704 | +22.3% |
| Other operating charges | 640/8 | €2,631 | €3,384 | +€753 | +28.6% |
| Gross operating margin | 9900 | €79,931 | €139,783 | +€59,852 | +74.9% |
| Operating profit (loss) | 9901 | €19,985 | €73,039 | +€53,054 | +265.5% |
| Financial income | 75/76B | €6,000 | €18 | -€5,982 | -99.7% |
| Recurring financial income | 75 | €6,000 | €18 | -€5,982 | -99.7% |
| Non-recurring financial income | 76B | €6,000 | - | -€6,000 | |
| Financial charges | 65/66B | €2,225 | €2,424 | +€199 | +8.9% |
| Recurring financial charges | 65 | €2,225 | €2,424 | +€199 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €23,760 | €70,633 | +€46,873 | +197.3% |
| Income taxes | 67/77 | €8,396 | €21,929 | +€13,533 | +161.2% |
| Profit (loss) for the period | 9904 | €15,364 | €48,704 | +€33,340 | +217.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,364 | €48,704 | +€33,340 | +217.0% |
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 10 October 2026 via checked.be.