ADVOCAAT GLENN DECLERCQ: 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 GLENN DECLERCQ
Largest movements
- Cash -€50,760
down €50,760 (-68.4%), from €74,217 to €23,457
mainly Contributions, distributions and other (-€140,000) and Receivables within one year (-€19,229)
- Receivables within one year +€19,229
up €19,229 (+85.1%), from €22,590 to €41,818
of which Trade receivables: +€17,082
- Tangible fixed assets -€15,215
down €15,215 (-97.9%), from €15,537 to €322
of which Furniture and vehicles: -€14,825
- Profit (loss) carried forward -€93,871
down €93,871 (-91.0%), from €103,101 to €9,230
- Other debts +€40,000
new in 2025: €40,000
- Tax, wage and social debts +€7,272
up €7,272 (+144%), from €5,059 to €12,332
of which Taxes: +€5,461
- Other operating charges +€10,404
up €10,404 (+2,503%), from €416 to €10,820
- Gross operating margin +€7,604
up €7,604 (+12.1%), from €62,905 to €70,508
- Depreciation -€4,800
down €4,800 (-92.5%), from €5,190 to €390
- Taxes +€1,321
up €1,321 (+10.8%), from €12,284 to €13,606
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 | €112,456 | €65,994 | -€46,462 | -41.3% |
| Fixed assets | 21/28 | €15,537 | €322 | -€15,215 | -97.9% |
| Tangible fixed assets | 22/27 | €15,537 | €322 | -€15,215 | -97.9% |
| Plant, machinery and equipment | 23 | €712 | €322 | -€390 | -54.8% |
| Furniture and vehicles | 24 | €14,825 | - | -€14,825 | |
| Current assets | 29/58 | €96,919 | €65,673 | -€31,246 | -32.2% |
| Amounts receivable within one year | 40/41 | €22,590 | €41,818 | +€19,229 | +85.1% |
| Trade receivables | 40 | €10,792 | €27,874 | +€17,082 | +158% |
| Other amounts receivable | 41 | €11,797 | €13,944 | +€2,147 | +18.2% |
| Cash at bank and in hand | 54/58 | €74,217 | €23,457 | -€50,760 | -68.4% |
| Deferred charges and accrued income | 490/1 | €112 | €397 | +€285 | +255% |
| Total equity and liabilities | 10/49 | €112,456 | €65,994 | -€46,462 | -41.3% |
| Equity | 10/15 | €106,101 | €12,230 | -€93,871 | -88.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,101 | €9,230 | -€93,871 | -91.0% |
| Amounts payable | 17/49 | €6,355 | €53,764 | +€47,409 | +746% |
| Amounts payable within one year | 42/48 | €5,749 | €52,699 | +€46,950 | +817% |
| Trade debts | 44 | €690 | €367 | -€323 | -46.8% |
| Suppliers | 440/4 | €690 | €367 | -€323 | -46.8% |
| Taxes, remuneration and social security | 45 | €5,059 | €12,332 | +€7,272 | +144% |
| Taxes | 450/3 | €5,059 | €10,521 | +€5,461 | +108% |
| Remuneration and social security | 454/9 | - | €1,811 | +€1,811 | |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Accrued charges and deferred income | 492/3 | €606 | €1,065 | +€459 | +75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,190 | €390 | -€4,800 | -92.5% |
| Other operating charges | 640/8 | €416 | €10,820 | +€10,404 | +2,503% |
| Gross operating margin | 9900 | €62,905 | €70,508 | +€7,604 | +12.1% |
| Operating profit (loss) | 9901 | €57,299 | €59,299 | +€2,000 | +3.5% |
| Financial income | 75/76B | €518 | €660 | +€142 | +27.4% |
| Recurring financial income | 75 | €518 | €660 | +€142 | +27.4% |
| Financial charges | 65/66B | €358 | €223 | -€135 | -37.7% |
| Recurring financial charges | 65 | €358 | €223 | -€135 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €57,458 | €59,735 | +€2,277 | +4.0% |
| Income taxes | 67/77 | €12,284 | €13,606 | +€1,321 | +10.8% |
| Profit (loss) for the period | 9904 | €45,174 | €46,129 | +€955 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,174 | €46,129 | +€955 | +2.1% |
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 23 October 2026 via checked.be.