AVOCAT H. D'HALLUIN: 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.
AVOCAT H. D'HALLUIN
Largest movements
- Cash +€6,662
up €6,662 (+72.2%), from €9,231 to €15,893
mainly Net result for the year (+€14,948) and Depreciation (+€466)
- Receivables within one year +€4,352
up €4,352 (+75.5%), from €5,760 to €10,112
- Formation expenses -€466
no longer reported in 2025 (was €466)
- Reserves +€14,020
new in 2025: €14,020
- Trade debts -€3,115
down €3,115 (-77.3%), from €4,028 to €913
- Other debts -€1,740
down €1,740 (-24.2%), from €7,206 to €5,466
- Profit (loss) carried forward +€928
no longer reported in 2025 (was -€928)
- Tax, wage and social debts +€455
up €455 (+302%), from €151 to €606
- Gross operating margin +€18,426
up €18,426 (+1,022%), from €1,802 to €20,228
- Taxes +€4,245
up €4,245 (+1,853%), from €229 to €4,474
- Depreciation -€1,865
down €1,865 (-80.0%), from €2,331 to €466
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 | €15,457 | €26,005 | +€10,548 | +68.2% |
| Formation expenses | 20 | €466 | - | -€466 | |
| Current assets | 29/58 | €14,991 | €26,005 | +€11,014 | +73.5% |
| Amounts receivable within one year | 40/41 | €5,760 | €10,112 | +€4,352 | +75.5% |
| Other amounts receivable | 41 | €5,760 | €10,112 | +€4,352 | +75.5% |
| Cash at bank and in hand | 54/58 | €9,231 | €15,893 | +€6,662 | +72.2% |
| Total equity and liabilities | 10/49 | €15,457 | €26,005 | +€10,548 | +68.2% |
| Equity | 10/15 | €4,072 | €19,020 | +€14,948 | +367% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €14,020 | +€14,020 | |
| Distributable reserves | 133 | - | €14,020 | +€14,020 | |
| Profit (loss) carried forward | 14 | -€928 | - | +€928 | |
| Amounts payable | 17/49 | €11,385 | €6,985 | -€4,400 | -38.6% |
| Amounts payable within one year | 42/48 | €11,385 | €6,985 | -€4,400 | -38.6% |
| Trade debts | 44 | €4,028 | €913 | -€3,115 | -77.3% |
| Suppliers | 440/4 | €4,028 | €913 | -€3,115 | -77.3% |
| Taxes, remuneration and social security | 45 | €151 | €606 | +€455 | +302% |
| Taxes | 450/3 | €151 | €606 | +€455 | +302% |
| Other amounts payable | 47/48 | €7,206 | €5,466 | -€1,740 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,331 | €466 | -€1,865 | -80.0% |
| Other operating charges | 640/8 | - | €150 | +€150 | |
| Gross operating margin | 9900 | €1,802 | €20,228 | +€18,426 | +1,022% |
| Operating profit (loss) | 9901 | -€528 | €19,612 | +€20,141 | |
| Financial charges | 65/66B | €170 | €190 | +€20 | +11.9% |
| Recurring financial charges | 65 | €170 | €190 | +€20 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | -€699 | €19,422 | +€20,120 | |
| Income taxes | 67/77 | €229 | €4,474 | +€4,245 | +1,853% |
| Profit (loss) for the period | 9904 | -€928 | €14,948 | +€15,876 | |
| Profit (loss) for the period to be appropriated | 9905 | -€928 | €14,948 | +€15,876 |
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 29 October 2026 via checked.be.