Advocaat TM: what changed
Two fiscal 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 TM
Largest movements
- Cash +€93,139
up €93,139 (+364.9%), from €25,527 to €118,667
mainly Net result for the year (+€143,766) and Other debts (+€81,794)
- Receivables within one year -€32,765
down €32,765 (-41.8%), from €78,463 to €45,698
of which Trade receivables: -€32,018
- Tangible fixed assets +€6,050
up €6,050 (+230.6%), from €2,623 to €8,673
- Other debts +€81,794
up €81,794 (+134.3%), from €60,919 to €142,713
- Trade debts -€31,958
down €31,958 (-95.5%), from €33,463 to €1,504
- Tax, wage and social debts +€16,709
up €16,709 (+181.8%), from €9,191 to €25,900
of which Taxes: +€16,709
- Gross operating margin +€6,777
up €6,777 (+3.7%), from €184,663 to €191,440
- Taxes +€4,089
up €4,089 (+10.1%), from €40,526 to €44,615
- Depreciation -€3,986
down €3,986 (-76.0%), from €5,245 to €1,259
- Write-downs -€2,471
down €2,471 (-62.2%), from €3,971 to €1,500
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 | €108,573 | €175,118 | +€66,545 | +61.3% |
| Fixed assets | 21/28 | €2,844 | €8,673 | +€5,829 | +205.0% |
| Intangible fixed assets | 21 | €221 | €0 | -€221 | -100.0% |
| Tangible fixed assets | 22/27 | €2,623 | €8,673 | +€6,050 | +230.6% |
| Furniture and vehicles | 24 | €2,623 | €8,673 | +€6,050 | +230.6% |
| Current assets | 29/58 | €105,729 | €166,445 | +€60,716 | +57.4% |
| Amounts receivable within one year | 40/41 | €78,463 | €45,698 | -€32,765 | -41.8% |
| Trade receivables | 40 | €77,400 | €45,382 | -€32,018 | -41.4% |
| Other amounts receivable | 41 | €1,062 | €316 | -€746 | -70.3% |
| Cash at bank and in hand | 54/58 | €25,527 | €118,667 | +€93,139 | +364.9% |
| Deferred charges and accrued income | 490/1 | €1,739 | €2,081 | +€341 | +19.6% |
| Total equity and liabilities | 10/49 | €108,573 | €175,118 | +€66,545 | +61.3% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €103,573 | €170,118 | +€66,545 | +64.2% |
| Amounts payable within one year | 42/48 | €103,573 | €170,118 | +€66,545 | +64.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €33,463 | €1,504 | -€31,958 | -95.5% |
| Suppliers | 440/4 | €33,463 | €1,504 | -€31,958 | -95.5% |
| Taxes, remuneration and social security | 45 | €9,191 | €25,900 | +€16,709 | +181.8% |
| Taxes | 450/3 | €9,191 | €25,900 | +€16,709 | +181.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €60,919 | €142,713 | +€81,794 | +134.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,245 | €1,259 | -€3,986 | -76.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,971 | €1,500 | -€2,471 | -62.2% |
| Other operating charges | 640/8 | €758 | €253 | -€505 | -66.7% |
| Gross operating margin | 9900 | €184,663 | €191,440 | +€6,777 | +3.7% |
| Operating profit (loss) | 9901 | €174,690 | €188,428 | +€13,738 | +7.9% |
| Financial income | 75/76B | €38 | €150 | +€112 | +298.2% |
| Recurring financial income | 75 | €38 | €150 | +€112 | +298.2% |
| Financial charges | 65/66B | €181 | €197 | +€17 | +9.2% |
| Recurring financial charges | 65 | €181 | €197 | +€17 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €174,547 | €188,381 | +€13,834 | +7.9% |
| Income taxes | 67/77 | €40,526 | €44,615 | +€4,089 | +10.1% |
| Profit (loss) for the period | 9904 | €134,021 | €143,766 | +€9,745 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €134,021 | €143,766 | +€9,745 | +7.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.