ADVOCAAT VERBEKE: 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 VERBEKE
Largest movements
- Receivables within one year -€67,070
down €67,070 (-31.5%), from €213,235 to €146,165
of which Trade receivables: -€53,715
- Deferred charges and accrued income -€21,067
down €21,067 (-69.6%), from €30,256 to €9,189
- Cash -€7,609
down €7,609 (-83.3%), from €9,132 to €1,523
mainly Contributions, distributions and other (-€78,460) and Trade debts (-€26,708)
- Reserves -€78,460
down €78,460 (-15.2%), from €517,528 to €439,068
of which Distributable reserves: -€78,460
- Trade debts -€26,708
down €26,708 (-87.9%), from €30,380 to €3,672
- Tax, wage and social debts +€10,511
up €10,511 (+232%), from €4,521 to €15,032
- Gross operating margin -€58,955
down €58,955 (-84.7%), from €69,619 to €10,665
- Taxes -€15,514
down €15,514 (-90.7%), from €17,114 to €1,599
- Financial charges -€2,234
down €2,234 (-30.6%), from €7,306 to €5,073
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 | €691,896 | €592,723 | -€99,173 | -14.3% |
| Fixed assets | 21/28 | €49,273 | €45,846 | -€3,428 | -7.0% |
| Tangible fixed assets | 22/27 | €49,273 | €45,846 | -€3,428 | -7.0% |
| Land and buildings | 22 | €42,017 | €39,419 | -€2,598 | -6.2% |
| Plant, machinery and equipment | 23 | €1,660 | €830 | -€830 | -50.0% |
| Other tangible fixed assets | 26 | €5,597 | €5,597 | = | 0.0% |
| Current assets | 29/58 | €642,622 | €546,877 | -€95,745 | -14.9% |
| Amounts receivable after more than one year | 29 | €390,000 | €390,000 | = | 0.0% |
| Other amounts receivable | 291 | €390,000 | €390,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €213,235 | €146,165 | -€67,070 | -31.5% |
| Trade receivables | 40 | €152,447 | €98,731 | -€53,715 | -35.2% |
| Other amounts receivable | 41 | €60,788 | €47,434 | -€13,354 | -22.0% |
| Cash at bank and in hand | 54/58 | €9,132 | €1,523 | -€7,609 | -83.3% |
| Deferred charges and accrued income | 490/1 | €30,256 | €9,189 | -€21,067 | -69.6% |
| Total equity and liabilities | 10/49 | €691,896 | €592,723 | -€99,173 | -14.3% |
| Equity | 10/15 | €530,010 | €452,993 | -€77,018 | -14.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €517,528 | €439,068 | -€78,460 | -15.2% |
| 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 | €515,668 | €437,208 | -€78,460 | -15.2% |
| Profit (loss) carried forward | 14 | €83 | €1,525 | +€1,442 | +1,748% |
| Amounts payable | 17/49 | €161,885 | €139,730 | -€22,156 | -13.7% |
| Amounts payable after more than one year | 17 | €28,580 | €23,586 | -€4,994 | -17.5% |
| Financial debts | 170/4 | €28,580 | €23,586 | -€4,994 | -17.5% |
| Amounts payable within one year | 42/48 | €133,240 | €116,144 | -€17,096 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €18,024 | €18,055 | +€31 | +0.2% |
| Financial debts | 43 | €461 | €925 | +€464 | +101% |
| Credit institutions | 430/8 | €461 | €925 | +€464 | +101% |
| Trade debts | 44 | €30,380 | €3,672 | -€26,708 | -87.9% |
| Suppliers | 440/4 | €30,380 | €3,672 | -€26,708 | -87.9% |
| Taxes, remuneration and social security | 45 | €4,521 | €15,032 | +€10,511 | +232% |
| Taxes | 450/3 | €4,521 | €15,032 | +€10,511 | +232% |
| Other amounts payable | 47/48 | €79,854 | €78,460 | -€1,394 | -1.7% |
| Accrued charges and deferred income | 492/3 | €66 | €0 | -€66 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,428 | €3,428 | = | 0.0% |
| Other operating charges | 640/8 | €764 | €897 | +€133 | +17.4% |
| Gross operating margin | 9900 | €69,619 | €10,665 | -€58,955 | -84.7% |
| Operating profit (loss) | 9901 | €65,427 | €6,339 | -€59,088 | -90.3% |
| Financial income | 75/76B | €2,046 | €1,775 | -€271 | -13.2% |
| Recurring financial income | 75 | €2,046 | €1,775 | -€271 | -13.2% |
| Financial charges | 65/66B | €7,306 | €5,073 | -€2,234 | -30.6% |
| Recurring financial charges | 65 | €7,306 | €5,073 | -€2,234 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €60,167 | €3,042 | -€57,125 | -94.9% |
| Income taxes | 67/77 | €17,114 | €1,599 | -€15,514 | -90.7% |
| Profit (loss) for the period | 9904 | €43,053 | €1,442 | -€41,611 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,053 | €1,442 | -€41,611 | -96.6% |
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 28 October 2026 via checked.be.