Avocat PFVDD: 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 PFVDD
Largest movements
- Cash -€539,249
down €539,249 (-95.1%), from €566,864 to €27,615
mainly Contributions, distributions and other (-€244,284) and Investment in fixed assets (net) (-€216,661)
- Tangible fixed assets +€181,787
up €181,787 (+123%), from €147,306 to €329,093
of which Land and buildings: +€204,631
- Receivables within one year +€8,790
up €8,790 (+14.0%), from €62,841 to €71,632
of which Other amounts receivable: +€27,130
- Other debts -€191,318
down €191,318 (-55.9%), from €342,098 to €150,780
- Reserves -€106,586
down €106,586 (-36.3%), from €293,912 to €187,326
of which Distributable reserves: -€106,586
- Tax, wage and social debts -€22,547
down €22,547 (-55.2%), from €40,831 to €18,284
- Trade debts -€15,209
down €15,209 (-71.2%), from €21,371 to €6,162
- Debts after one year -€13,947
down €13,947 (-27.1%), from €51,370 to €37,423
- Gross operating margin -€90,076
down €90,076 (-28.8%), from €312,381 to €222,306
- Taxes -€23,579
down €23,579 (-35.3%), from €66,815 to €43,236
- Depreciation +€5,008
up €5,008 (+16.8%), from €29,866 to €34,874
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 | €781,749 | €431,429 | -€350,320 | -44.8% |
| Fixed assets | 21/28 | €147,306 | €329,093 | +€181,787 | +123% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €147,306 | €329,093 | +€181,787 | +123% |
| Land and buildings | 22 | €70,777 | €275,408 | +€204,631 | +289% |
| Furniture and vehicles | 24 | €12,769 | €4,638 | -€8,130 | -63.7% |
| Leasing and similar rights | 25 | €63,761 | €49,047 | -€14,714 | -23.1% |
| Current assets | 29/58 | €634,443 | €102,337 | -€532,106 | -83.9% |
| Amounts receivable within one year | 40/41 | €62,841 | €71,632 | +€8,790 | +14.0% |
| Trade receivables | 40 | €29,591 | €11,252 | -€18,340 | -62.0% |
| Other amounts receivable | 41 | €33,250 | €60,380 | +€27,130 | +81.6% |
| Cash at bank and in hand | 54/58 | €566,864 | €27,615 | -€539,249 | -95.1% |
| Deferred charges and accrued income | 490/1 | €4,737 | €3,090 | -€1,647 | -34.8% |
| Total equity and liabilities | 10/49 | €781,749 | €431,429 | -€350,320 | -44.8% |
| Equity | 10/15 | €312,557 | €205,971 | -€106,586 | -34.1% |
| Contributions | 10/11 | €18,645 | €18,645 | = | 0.0% |
| Contributions outside capital | 11 | €18,645 | €18,645 | = | 0.0% |
| Other | 1109/19 | €18,645 | €18,645 | = | 0.0% |
| Reserves | 13 | €293,912 | €187,326 | -€106,586 | -36.3% |
| Non-distributable reserves | 130/1 | €16,500 | €16,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,500 | €16,500 | = | 0.0% |
| Distributable reserves | 133 | €277,412 | €170,826 | -€106,586 | -38.4% |
| Amounts payable | 17/49 | €469,192 | €225,459 | -€243,733 | -51.9% |
| Amounts payable after more than one year | 17 | €51,370 | €37,423 | -€13,947 | -27.1% |
| Financial debts | 170/4 | €51,370 | €37,423 | -€13,947 | -27.1% |
| Amounts payable within one year | 42/48 | €417,773 | €187,873 | -€229,900 | -55.0% |
| Current portion of amounts payable after more than one year | 42 | €13,473 | €12,647 | -€826 | -6.1% |
| Trade debts | 44 | €21,371 | €6,162 | -€15,209 | -71.2% |
| Suppliers | 440/4 | €21,371 | €6,162 | -€15,209 | -71.2% |
| Taxes, remuneration and social security | 45 | €40,831 | €18,284 | -€22,547 | -55.2% |
| Taxes | 450/3 | €40,831 | €18,284 | -€22,547 | -55.2% |
| Other amounts payable | 47/48 | €342,098 | €150,780 | -€191,318 | -55.9% |
| Accrued charges and deferred income | 492/3 | €49 | €163 | +€114 | +231% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,866 | €34,874 | +€5,008 | +16.8% |
| Other operating charges | 640/8 | €3,403 | €4,001 | +€598 | +17.6% |
| Gross operating margin | 9900 | €312,381 | €222,306 | -€90,076 | -28.8% |
| Operating profit (loss) | 9901 | €279,112 | €183,431 | -€95,681 | -34.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +57.1% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +57.1% |
| Financial charges | 65/66B | €2,053 | €2,497 | +€444 | +21.7% |
| Recurring financial charges | 65 | €2,053 | €2,497 | +€444 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €277,060 | €180,934 | -€96,126 | -34.7% |
| Income taxes | 67/77 | €66,815 | €43,236 | -€23,579 | -35.3% |
| Profit (loss) for the period | 9904 | €210,244 | €137,698 | -€72,547 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €210,244 | €137,698 | -€72,547 | -34.5% |
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 26 October 2026 via checked.be.