Alexia Faes Advocaat: 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.
Alexia Faes Advocaat
Largest movements
- Cash +€8,165
up €8,165 (+26.3%), from €31,099 to €39,264
mainly Net result for the year (+€13,192) and Depreciation (+€2,483)
- Receivables within one year +€3,850
up €3,850 (+70.0%), from €5,500 to €9,350
- Tangible fixed assets +€1,409
up €1,409 (+50.2%), from €2,805 to €4,214
of which Furniture and vehicles: +€2,051
- Reserves +€13,192
up €13,192 (+63.2%), from €20,863 to €34,055
- Trade debts +€692
up €692 (+180%), from €385 to €1,077
- Gross operating margin +€2,047
up €2,047 (+9.2%), from €22,296 to €24,343
- Taxes +€612
up €612 (+10.6%), from €5,775 to €6,387
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 | €39,404 | €52,828 | +€13,424 | +34.1% |
| Fixed assets | 21/28 | €2,805 | €4,214 | +€1,409 | +50.2% |
| Tangible fixed assets | 22/27 | €2,805 | €4,214 | +€1,409 | +50.2% |
| Plant, machinery and equipment | 23 | €2,554 | €1,912 | -€642 | -25.1% |
| Furniture and vehicles | 24 | €251 | €2,302 | +€2,051 | +818% |
| Current assets | 29/58 | €36,599 | €48,614 | +€12,015 | +32.8% |
| Amounts receivable within one year | 40/41 | €5,500 | €9,350 | +€3,850 | +70.0% |
| Trade receivables | 40 | €5,500 | €9,350 | +€3,850 | +70.0% |
| Cash at bank and in hand | 54/58 | €31,099 | €39,264 | +€8,165 | +26.3% |
| Total equity and liabilities | 10/49 | €39,404 | €52,828 | +€13,424 | +34.1% |
| Equity | 10/15 | €22,863 | €36,055 | +€13,192 | +57.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €20,863 | €34,055 | +€13,192 | +63.2% |
| Distributable reserves | 133 | €20,863 | €34,055 | +€13,192 | +63.2% |
| Amounts payable | 17/49 | €16,541 | €16,773 | +€232 | +1.4% |
| Amounts payable within one year | 42/48 | €16,541 | €16,773 | +€232 | +1.4% |
| Trade debts | 44 | €385 | €1,077 | +€692 | +180% |
| Suppliers | 440/4 | €385 | €1,077 | +€692 | +180% |
| Taxes, remuneration and social security | 45 | €14,383 | €14,368 | -€15 | -0.1% |
| Taxes | 450/3 | €14,383 | €14,368 | -€15 | -0.1% |
| Other amounts payable | 47/48 | €1,774 | €1,329 | -€445 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,252 | €2,483 | +€230 | +10.2% |
| Other operating charges | 640/8 | €809 | €973 | +€164 | +20.2% |
| Gross operating margin | 9900 | €22,296 | €24,343 | +€2,047 | +9.2% |
| Operating profit (loss) | 9901 | €19,234 | €20,887 | +€1,653 | +8.6% |
| Financial income | 75/76B | €51 | €135 | +€84 | +166% |
| Recurring financial income | 75 | €51 | €135 | +€84 | +166% |
| Financial charges | 65/66B | €1,662 | €1,443 | -€218 | -13.1% |
| Recurring financial charges | 65 | €1,662 | €1,443 | -€218 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €17,623 | €19,579 | +€1,956 | +11.1% |
| Income taxes | 67/77 | €5,775 | €6,387 | +€612 | +10.6% |
| Profit (loss) for the period | 9904 | €11,848 | €13,192 | +€1,344 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,848 | €13,192 | +€1,344 | +11.3% |
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.