ADVOCACY: 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.
ADVOCACY
Largest movements
- Receivables within one year +€179,237
up €179,237 (+57.3%), from €312,734 to €491,971
of which Other amounts receivable: +€179,981
- Cash -€108,102
down €108,102 (-69.4%), from €155,782 to €47,680
mainly Receivables within one year (-€179,237) and Trade debts (-€4,624)
- Tangible fixed assets -€17,454
down €17,454 (-31.7%), from €54,975 to €37,520
of which Furniture and vehicles: -€10,303
- Reserves +€41,034
up €41,034 (+9.7%), from €423,566 to €464,600
- Tax, wage and social debts +€18,894
up €18,894 (+39.6%), from €47,674 to €66,569
- Gross operating margin -€92,800
down €92,800 (-51.9%), from €178,937 to €86,137
- Depreciation -€37,662
down €37,662 (-68.3%), from €55,117 to €17,454
- Taxes -€16,398
down €16,398 (-40.8%), from €40,174 to €23,776
- Other operating charges -€3,300
down €3,300 (-56.8%), from €5,810 to €2,510
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 | €525,792 | €581,123 | +€55,331 | +10.5% |
| Fixed assets | 21/28 | €55,179 | €37,520 | -€17,658 | -32.0% |
| Tangible fixed assets | 22/27 | €54,975 | €37,520 | -€17,454 | -31.7% |
| Plant, machinery and equipment | 23 | €3,652 | €3,266 | -€386 | -10.6% |
| Furniture and vehicles | 24 | €42,607 | €32,304 | -€10,303 | -24.2% |
| Other tangible fixed assets | 26 | €8,716 | €1,951 | -€6,765 | -77.6% |
| Financial fixed assets | 28 | €204 | €0 | -€204 | -100% |
| Current assets | 29/58 | €470,613 | €543,603 | +€72,989 | +15.5% |
| Amounts receivable within one year | 40/41 | €312,734 | €491,971 | +€179,237 | +57.3% |
| Trade receivables | 40 | €925 | €182 | -€743 | -80.4% |
| Other amounts receivable | 41 | €311,809 | €491,790 | +€179,981 | +57.7% |
| Cash at bank and in hand | 54/58 | €155,782 | €47,680 | -€108,102 | -69.4% |
| Deferred charges and accrued income | 490/1 | €2,098 | €3,952 | +€1,854 | +88.4% |
| Total equity and liabilities | 10/49 | €525,792 | €581,123 | +€55,331 | +10.5% |
| Equity | 10/15 | €470,832 | €511,866 | +€41,034 | +8.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €423,566 | €464,600 | +€41,034 | +9.7% |
| Distributable reserves | 133 | €423,566 | €464,600 | +€41,034 | +9.7% |
| Profit (loss) carried forward | 14 | €26,806 | €26,806 | = | 0.0% |
| Amounts payable | 17/49 | €54,960 | €69,257 | +€14,297 | +26.0% |
| Amounts payable within one year | 42/48 | €54,960 | €69,257 | +€14,297 | +26.0% |
| Trade debts | 44 | €7,013 | €2,388 | -€4,624 | -65.9% |
| Suppliers | 440/4 | €7,013 | €2,388 | -€4,624 | -65.9% |
| Taxes, remuneration and social security | 45 | €47,674 | €66,569 | +€18,894 | +39.6% |
| Taxes | 450/3 | €47,674 | €66,569 | +€18,894 | +39.6% |
| Other amounts payable | 47/48 | €273 | €300 | +€27 | +9.9% |
| Remuneration, social security and pensions | 62 | €117 | €203 | +€86 | +73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,117 | €17,454 | -€37,662 | -68.3% |
| Other operating charges | 640/8 | €5,810 | €2,510 | -€3,300 | -56.8% |
| Gross operating margin | 9900 | €178,937 | €86,137 | -€92,800 | -51.9% |
| Operating profit (loss) | 9901 | €117,894 | €65,970 | -€51,923 | -44.0% |
| Financial income | 75/76B | €0 | €60 | +€60 | +19,907% |
| Recurring financial income | 75 | €0 | €60 | +€60 | +19,907% |
| Financial charges | 65/66B | €1,371 | €1,220 | -€151 | -11.0% |
| Recurring financial charges | 65 | €1,371 | €1,220 | -€151 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €116,523 | €64,810 | -€51,713 | -44.4% |
| Income taxes | 67/77 | €40,174 | €23,776 | -€16,398 | -40.8% |
| Profit (loss) for the period | 9904 | €76,349 | €41,034 | -€35,315 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,349 | €41,034 | -€35,315 | -46.3% |
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.