Advocaat Michael De Boeck: 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 Michael De Boeck
Largest movements
- Cash +€83,068
up €83,068 (+95.2%), from €87,255 to €170,323
mainly Net result for the year (+€77,253) and Trade debts (+€31,360)
- Receivables within one year +€37,310
up €37,310 (+226%), from €16,493 to €53,803
of which Trade receivables: +€37,616
- Reserves +€77,253
up €77,253 (+79.4%), from €97,293 to €174,546
- Trade debts +€31,360
up €31,360 (+1,836%), from €1,708 to €33,068
- Tax, wage and social debts +€8,662
up €8,662 (+32.5%), from €26,661 to €35,323
- Gross operating margin -€24,903
down €24,903 (-18.9%), from €131,536 to €106,633
- Taxes -€6,750
down €6,750 (-24.1%), from €28,052 to €21,302
- Depreciation +€1,445
up €1,445 (+31.3%), from €4,613 to €6,058
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 | €128,662 | €246,922 | +€118,260 | +91.9% |
| Fixed assets | 21/28 | €24,914 | €22,796 | -€2,118 | -8.5% |
| Tangible fixed assets | 22/27 | €24,914 | €22,796 | -€2,118 | -8.5% |
| Plant, machinery and equipment | 23 | €3,439 | €2,644 | -€795 | -23.1% |
| Furniture and vehicles | 24 | €21,475 | €20,152 | -€1,323 | -6.2% |
| Current assets | 29/58 | €103,748 | €224,126 | +€120,378 | +116% |
| Amounts receivable within one year | 40/41 | €16,493 | €53,803 | +€37,310 | +226% |
| Trade receivables | 40 | €16,182 | €53,798 | +€37,616 | +232% |
| Other amounts receivable | 41 | €311 | €5 | -€306 | -98.4% |
| Cash at bank and in hand | 54/58 | €87,255 | €170,323 | +€83,068 | +95.2% |
| Total equity and liabilities | 10/49 | €128,662 | €246,922 | +€118,260 | +91.9% |
| Equity | 10/15 | €100,293 | €177,546 | +€77,253 | +77.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €97,293 | €174,546 | +€77,253 | +79.4% |
| Distributable reserves | 133 | €97,293 | €174,546 | +€77,253 | +79.4% |
| Amounts payable | 17/49 | €28,369 | €69,376 | +€41,007 | +145% |
| Amounts payable within one year | 42/48 | €28,369 | €69,376 | +€41,007 | +145% |
| Trade debts | 44 | €1,708 | €33,068 | +€31,360 | +1,836% |
| Suppliers | 440/4 | €1,708 | €33,068 | +€31,360 | +1,836% |
| Taxes, remuneration and social security | 45 | €26,661 | €35,323 | +€8,662 | +32.5% |
| Taxes | 450/3 | €26,661 | €35,323 | +€8,662 | +32.5% |
| Other amounts payable | 47/48 | - | €985 | +€985 | |
| Goods, raw materials, services and sundry goods | 60/61 | €81,154 | €81,000 | -€154 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,613 | €6,058 | +€1,445 | +31.3% |
| Other operating charges | 640/8 | €883 | €899 | +€16 | +1.8% |
| Gross operating margin | 9900 | €131,536 | €106,633 | -€24,903 | -18.9% |
| Operating profit (loss) | 9901 | €126,040 | €99,676 | -€26,364 | -20.9% |
| Financial income | 75/76B | €25 | €1 | -€24 | -96.0% |
| Recurring financial income | 75 | €25 | €1 | -€24 | -96.0% |
| Financial charges | 65/66B | €720 | €1,122 | +€402 | +55.8% |
| Recurring financial charges | 65 | €720 | €1,122 | +€402 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | €125,345 | €98,555 | -€26,790 | -21.4% |
| Income taxes | 67/77 | €28,052 | €21,302 | -€6,750 | -24.1% |
| Profit (loss) for the period | 9904 | €97,293 | €77,253 | -€20,040 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €97,293 | €77,253 | -€20,040 | -20.6% |
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 24 October 2026 via checked.be.