AJF AVOCAT: 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.
AJF AVOCAT
Largest movements
- Cash -€27,812
down €27,812 (-36.6%), from €76,022 to €48,210
mainly Contributions, distributions and other (-€56,076) and Other debts (-€40,998)
- Tangible fixed assets -€12,245
down €12,245 (-31.8%), from €38,449 to €26,204
of which Furniture and vehicles: -€11,879
- Receivables within one year -€10,268
down €10,268 (-88.3%), from €11,629 to €1,360
- Other debts -€40,998
down €40,998 (-90.1%), from €45,507 to €4,510
- Debts after one year -€9,558
down €9,558 (-46.8%), from €20,415 to €10,858
- Trade debts -€1,323
down €1,323 (-77.7%), from €1,703 to €379
- Gross operating margin +€13,467
up €13,467 (+18.9%), from €71,337 to €84,804
- Taxes +€2,979
up €2,979 (+25.5%), from €11,685 to €14,665
- Other operating charges -€1,165
down €1,165 (-70.0%), from €1,666 to €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.
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 | €128,516 | €77,523 | -€50,993 | -39.7% |
| Fixed assets | 21/28 | €38,449 | €26,204 | -€12,245 | -31.8% |
| Tangible fixed assets | 22/27 | €38,449 | €26,204 | -€12,245 | -31.8% |
| Plant, machinery and equipment | 23 | €1,281 | €916 | -€365 | -28.5% |
| Furniture and vehicles | 24 | €37,168 | €25,289 | -€11,879 | -32.0% |
| Current assets | 29/58 | €90,068 | €51,319 | -€38,749 | -43.0% |
| Amounts receivable within one year | 40/41 | €11,629 | €1,360 | -€10,268 | -88.3% |
| Other amounts receivable | 41 | €11,629 | €1,360 | -€10,268 | -88.3% |
| Cash at bank and in hand | 54/58 | €76,022 | €48,210 | -€27,812 | -36.6% |
| Deferred charges and accrued income | 490/1 | €2,417 | €1,749 | -€668 | -27.6% |
| Total equity and liabilities | 10/49 | €128,516 | €77,523 | -€50,993 | -39.7% |
| Equity | 10/15 | €43,518 | €43,518 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €41,518 | €41,518 | = | 0.0% |
| Distributable reserves | 133 | €41,518 | €41,518 | = | 0.0% |
| Amounts payable | 17/49 | €84,999 | €34,006 | -€50,993 | -60.0% |
| Amounts payable after more than one year | 17 | €20,415 | €10,858 | -€9,558 | -46.8% |
| Financial debts | 170/4 | €20,415 | €10,858 | -€9,558 | -46.8% |
| Amounts payable within one year | 42/48 | €64,583 | €23,148 | -€41,436 | -64.2% |
| Current portion of amounts payable after more than one year | 42 | €9,132 | €9,558 | +€426 | +4.7% |
| Trade debts | 44 | €1,703 | €379 | -€1,323 | -77.7% |
| Suppliers | 440/4 | €1,703 | €379 | -€1,323 | -77.7% |
| Taxes, remuneration and social security | 45 | €8,242 | €8,701 | +€460 | +5.6% |
| Taxes | 450/3 | €8,242 | €8,057 | -€185 | -2.2% |
| Remuneration and social security | 454/9 | - | €644 | +€644 | |
| Other amounts payable | 47/48 | €45,507 | €4,510 | -€40,998 | -90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,604 | €12,245 | +€641 | +5.5% |
| Other operating charges | 640/8 | €1,666 | €500 | -€1,165 | -70.0% |
| Gross operating margin | 9900 | €71,337 | €84,804 | +€13,467 | +18.9% |
| Operating profit (loss) | 9901 | €58,067 | €72,059 | +€13,992 | +24.1% |
| Financial charges | 65/66B | €1,703 | €1,318 | -€385 | -22.6% |
| Recurring financial charges | 65 | €1,703 | €1,318 | -€385 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €56,364 | €70,741 | +€14,377 | +25.5% |
| Income taxes | 67/77 | €11,685 | €14,665 | +€2,979 | +25.5% |
| Profit (loss) for the period | 9904 | €44,679 | €56,076 | +€11,397 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,679 | €56,076 | +€11,397 | +25.5% |
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 27 October 2026 via checked.be.