Advocaat MD: 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 MD
Largest movements
- Receivables within one year -€343,673
down €343,673 (-35.6%), from €966,212 to €622,538
of which Other amounts receivable: -€259,675
- Tangible fixed assets -€25,535
down €25,535 (-16.3%), from €156,586 to €131,051
of which Furniture and vehicles: -€25,095
- Other debts -€492,555
down €492,555 (-49.6%), from €993,257 to €500,702
- Profit (loss) carried forward +€148,910
up €148,910 (+152.1%), from €97,902 to €246,812
- Tax, wage and social debts -€26,369
down €26,369 (-36.7%), from €71,796 to €45,427
of which Taxes: -€29,502
- Financial income -€201,121
no longer reported in 2025 (was €201,121)
- Gross operating margin +€59,442
up €59,442 (+4.4%), from €1.4m to €1.4m
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 | €1,175,601 | €806,820 | -€368,781 | -31.4% |
| Fixed assets | 21/28 | €156,586 | €131,051 | -€25,535 | -16.3% |
| Tangible fixed assets | 22/27 | €156,586 | €131,051 | -€25,535 | -16.3% |
| Plant, machinery and equipment | 23 | €2,088 | €1,648 | -€440 | -21.1% |
| Furniture and vehicles | 24 | €113,544 | €88,449 | -€25,095 | -22.1% |
| Other tangible fixed assets | 26 | €40,954 | €40,954 | = | 0.0% |
| Current assets | 29/58 | €1,019,015 | €675,769 | -€343,247 | -33.7% |
| Amounts receivable within one year | 40/41 | €966,212 | €622,538 | -€343,673 | -35.6% |
| Trade receivables | 40 | €572,812 | €488,814 | -€83,998 | -14.7% |
| Other amounts receivable | 41 | €393,400 | €133,725 | -€259,675 | -66.0% |
| Cash at bank and in hand | 54/58 | €52,804 | €53,230 | +€427 | +0.8% |
| Total equity and liabilities | 10/49 | €1,175,601 | €806,820 | -€368,781 | -31.4% |
| Equity | 10/15 | €107,902 | €256,812 | +€148,910 | +138.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,902 | €246,812 | +€148,910 | +152.1% |
| Amounts payable | 17/49 | €1,067,699 | €550,008 | -€517,691 | -48.5% |
| Amounts payable within one year | 42/48 | €1,067,699 | €550,008 | -€517,691 | -48.5% |
| Trade debts | 44 | €2,645 | €3,879 | +€1,234 | +46.6% |
| Suppliers | 440/4 | €2,645 | €3,879 | +€1,234 | +46.6% |
| Taxes, remuneration and social security | 45 | €71,796 | €45,427 | -€26,369 | -36.7% |
| Taxes | 450/3 | €71,796 | €42,294 | -€29,502 | -41.1% |
| Remuneration and social security | 454/9 | - | €3,133 | +€3,133 | |
| Other amounts payable | 47/48 | €993,257 | €500,702 | -€492,555 | -49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,040 | €25,535 | +€13,494 | +112.1% |
| Other operating charges | 640/8 | €251 | €254 | +€4 | +1.4% |
| Gross operating margin | 9900 | €1,360,661 | €1,420,103 | +€59,442 | +4.4% |
| Operating profit (loss) | 9901 | €1,348,370 | €1,394,314 | +€45,945 | +3.4% |
| Financial income | 75/76B | €201,121 | - | -€201,121 | |
| Recurring financial income | 75 | €201,121 | - | -€201,121 | |
| Financial charges | 65/66B | €132 | €211 | +€80 | +60.4% |
| Recurring financial charges | 65 | €132 | €211 | +€80 | +60.4% |
| Profit (loss) for the period before taxes | 9903 | €1,549,359 | €1,394,103 | -€155,256 | -10.0% |
| Income taxes | 67/77 | €343,457 | €345,193 | +€1,736 | +0.5% |
| Profit (loss) for the period | 9904 | €1,205,902 | €1,048,910 | -€156,993 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,205,902 | €1,048,910 | -€156,993 | -13.0% |
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 12 October 2026 via checked.be.