AVvocato: 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.
AVvocato
Largest movements
- Cash +€44,583
up €44,583 (+110%), from €40,501 to €85,084
mainly Net result for the year (+€50,194) and Advances received (+€8,325)
- Tangible fixed assets -€3,787
down €3,787 (-3.7%), from €102,364 to €98,577
- Reserves +€49,361
up €49,361 (+20.4%), from €241,923 to €291,283
- Trade debts -€19,594
down €19,594 (-86.5%), from €22,649 to €3,055
- Advances received +€8,325
new in 2025: €8,325
- Tax, wage and social debts +€8,106
up €8,106 (+143%), from €5,666 to €13,772
of which Taxes: +€8,106
- Debts after one year -€5,151
down €5,151 (-14.7%), from €34,931 to €29,780
- Gross operating margin -€7,233
down €7,233 (-8.6%), from €83,915 to €76,682
- Taxes +€2,842
up €2,842 (+18.1%), from €15,712 to €18,554
- Write-downs +€1,912
new in 2025: €1,912
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 | €312,378 | €353,988 | +€41,610 | +13.3% |
| Fixed assets | 21/28 | €102,364 | €98,577 | -€3,787 | -3.7% |
| Tangible fixed assets | 22/27 | €102,364 | €98,577 | -€3,787 | -3.7% |
| Land and buildings | 22 | €102,364 | €98,577 | -€3,787 | -3.7% |
| Current assets | 29/58 | €210,014 | €255,411 | +€45,397 | +21.6% |
| Amounts receivable within one year | 40/41 | €1,185 | €1,530 | +€344 | +29.0% |
| Trade receivables | 40 | - | €323 | +€323 | |
| Other amounts receivable | 41 | €1,185 | €1,206 | +€21 | +1.8% |
| Current investments | 50/53 | €155,000 | €155,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,501 | €85,084 | +€44,583 | +110% |
| Deferred charges and accrued income | 490/1 | €13,328 | €13,797 | +€469 | +3.5% |
| Total equity and liabilities | 10/49 | €312,378 | €353,988 | +€41,610 | +13.3% |
| Equity | 10/15 | €241,924 | €291,284 | +€49,361 | +20.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €241,923 | €291,283 | +€49,361 | +20.4% |
| Distributable reserves | 133 | €241,923 | €291,283 | +€49,361 | +20.4% |
| Amounts payable | 17/49 | €70,454 | €62,704 | -€7,751 | -11.0% |
| Amounts payable after more than one year | 17 | €34,931 | €29,780 | -€5,151 | -14.7% |
| Financial debts | 170/4 | €34,931 | €29,780 | -€5,151 | -14.7% |
| Amounts payable within one year | 42/48 | €35,524 | €32,923 | -€2,600 | -7.3% |
| Trade debts | 44 | €22,649 | €3,055 | -€19,594 | -86.5% |
| Suppliers | 440/4 | €22,649 | €3,055 | -€19,594 | -86.5% |
| Advances received on contracts in progress | 46 | - | €8,325 | +€8,325 | |
| Taxes, remuneration and social security | 45 | €5,666 | €13,772 | +€8,106 | +143% |
| Taxes | 450/3 | €4,351 | €12,457 | +€8,106 | +186% |
| Remuneration and social security | 454/9 | €1,315 | €1,315 | = | 0.0% |
| Other amounts payable | 47/48 | €7,208 | €7,771 | +€563 | +7.8% |
| Non-recurring operating income | 76A | - | €79 | +€79 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,722 | €3,866 | +€144 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,912 | +€1,912 | |
| Other operating charges | 640/8 | €2,012 | €2,020 | +€8 | +0.4% |
| Gross operating margin | 9900 | €83,915 | €76,682 | -€7,233 | -8.6% |
| Operating profit (loss) | 9901 | €78,181 | €68,883 | -€9,298 | -11.9% |
| Financial income | 75/76B | €385 | €986 | +€601 | +156% |
| Recurring financial income | 75 | €385 | €986 | +€601 | +156% |
| Financial charges | 65/66B | €494 | €1,122 | +€628 | +127% |
| Recurring financial charges | 65 | €494 | €1,122 | +€628 | +127% |
| Profit (loss) for the period before taxes | 9903 | €78,072 | €68,747 | -€9,324 | -11.9% |
| Income taxes | 67/77 | €15,712 | €18,554 | +€2,842 | +18.1% |
| Profit (loss) for the period | 9904 | €62,360 | €50,194 | -€12,167 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,360 | €50,194 | -€12,167 | -19.5% |
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 18 October 2026 via checked.be.