Advocaat Goffin Erwin: 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 Goffin Erwin
Largest movements
- Tangible fixed assets -€13,954
down €13,954 (-5.6%), from €249,405 to €235,451
of which Land and buildings: -€13,751
- Cash +€11,721
up €11,721 (+138%), from €8,491 to €20,212
mainly Net result for the year (+€18,290) and Depreciation (+€13,954)
- Receivables within one year -€8,592
down €8,592 (-13.9%), from €61,687 to €53,095
of which Other amounts receivable: -€10,137
- Reserves +€18,290
up €18,290 (+19.8%), from €92,593 to €110,883
of which Distributable reserves: +€18,290
- Debts after one year -€17,271
down €17,271 (-10.8%), from €159,576 to €142,305
- Short-term financial debts -€9,000
down €9,000 (-64.3%), from €14,000 to €5,000
- Tax, wage and social debts -€5,246
down €5,246 (-28.5%), from €18,405 to €13,159
of which Taxes: -€5,246
- Gross operating margin +€17,119
up €17,119 (+59.8%), from €28,635 to €45,754
- Taxes +€6,015
up €6,015 (+254%), from €2,364 to €8,379
- Depreciation -€4,052
down €4,052 (-22.5%), from €18,006 to €13,954
- Financial charges -€1,751
down €1,751 (-24.0%), from €7,287 to €5,536
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 | €455,751 | €441,919 | -€13,832 | -3.0% |
| Fixed assets | 21/28 | €384,578 | €368,109 | -€16,469 | -4.3% |
| Tangible fixed assets | 22/27 | €249,405 | €235,451 | -€13,954 | -5.6% |
| Land and buildings | 22 | €249,202 | €235,451 | -€13,751 | -5.5% |
| Furniture and vehicles | 24 | €203 | - | -€203 | |
| Financial fixed assets | 28 | €135,173 | €132,657 | -€2,516 | -1.9% |
| Current assets | 29/58 | €71,173 | €73,810 | +€2,637 | +3.7% |
| Amounts receivable within one year | 40/41 | €61,687 | €53,095 | -€8,592 | -13.9% |
| Trade receivables | 40 | €3,650 | €5,195 | +€1,545 | +42.3% |
| Other amounts receivable | 41 | €58,037 | €47,900 | -€10,137 | -17.5% |
| Cash at bank and in hand | 54/58 | €8,491 | €20,212 | +€11,721 | +138% |
| Deferred charges and accrued income | 490/1 | €994 | €503 | -€492 | -49.4% |
| Total equity and liabilities | 10/49 | €455,751 | €441,919 | -€13,832 | -3.0% |
| Equity | 10/15 | €244,130 | €262,420 | +€18,290 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €132,937 | €132,937 | = | 0.0% |
| Reserves | 13 | €92,593 | €110,883 | +€18,290 | +19.8% |
| 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 | €90,733 | €109,023 | +€18,290 | +20.2% |
| Amounts payable | 17/49 | €211,621 | €179,499 | -€32,122 | -15.2% |
| Amounts payable after more than one year | 17 | €159,576 | €142,305 | -€17,271 | -10.8% |
| Financial debts | 170/4 | €159,576 | €142,305 | -€17,271 | -10.8% |
| Amounts payable within one year | 42/48 | €52,045 | €37,194 | -€14,851 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €18,677 | €18,954 | +€277 | +1.5% |
| Financial debts | 43 | €14,000 | €5,000 | -€9,000 | -64.3% |
| Credit institutions | 430/8 | €14,000 | €5,000 | -€9,000 | -64.3% |
| Trade debts | 44 | €963 | €81 | -€882 | -91.6% |
| Suppliers | 440/4 | €963 | €81 | -€882 | -91.6% |
| Taxes, remuneration and social security | 45 | €18,405 | €13,159 | -€5,246 | -28.5% |
| Taxes | 450/3 | €15,905 | €10,659 | -€5,246 | -33.0% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,006 | €13,954 | -€4,052 | -22.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €400 | +€400 | |
| Other operating charges | 640/8 | €2,171 | €2,368 | +€197 | +9.1% |
| Gross operating margin | 9900 | €28,635 | €45,754 | +€17,119 | +59.8% |
| Operating profit (loss) | 9901 | €8,458 | €29,032 | +€20,574 | +243% |
| Financial income | 75/76B | €3,233 | €3,172 | -€60 | -1.9% |
| Recurring financial income | 75 | €3,233 | €3,172 | -€60 | -1.9% |
| Financial charges | 65/66B | €7,287 | €5,536 | -€1,751 | -24.0% |
| Recurring financial charges | 65 | €7,287 | €5,536 | -€1,751 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €4,403 | €26,669 | +€22,265 | +506% |
| Income taxes | 67/77 | €2,364 | €8,379 | +€6,015 | +254% |
| Profit (loss) for the period | 9904 | €2,040 | €18,290 | +€16,250 | +797% |
| Profit (loss) for the period to be appropriated | 9905 | €2,040 | €18,290 | +€16,250 | +797% |
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 1 November 2026 via checked.be.