CDB 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.
CDB AVOCAT
Largest movements
- Receivables within one year +€260,408
up €260,408 (+1,225%), from €21,258 to €281,666
of which Other amounts receivable: +€260,191
- Financial fixed assets -€235,000
no longer reported in 2025 (was €235,000)
- Cash -€3,609
down €3,609 (-21.1%), from €17,112 to €13,502
mainly Receivables within one year (-€260,408) and Other debts (-€40,000)
- Profit (loss) carried forward +€53,914
up €53,914 (+102%), from €52,978 to €106,892
- Other debts -€40,000
down €40,000 (-74.6%), from €53,630 to €13,630
- Current portion of long-term debt +€7,853
new in 2025: €7,853
- Debts after one year +€4,298
up €4,298 (+3.5%), from €123,000 to €127,298
- Trade debts -€4,066
down €4,066 (-32.1%), from €12,672 to €8,606
- Gross operating margin +€15,849
up €15,849 (+26.9%), from €58,929 to €74,778
- Taxes +€3,417
up €3,417 (+19.6%), from €17,433 to €20,850
- Financial income +€1,358
up €1,358 (+843%), from €161 to €1,520
- Financial charges +€753
up €753 (+507%), from €149 to €902
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 | €281,324 | €301,522 | +€20,198 | +7.2% |
| Formation expenses | 20 | €115 | - | -€115 | |
| Fixed assets | 21/28 | €235,000 | - | -€235,000 | |
| Financial fixed assets | 28 | €235,000 | - | -€235,000 | |
| Current assets | 29/58 | €46,209 | €301,522 | +€255,313 | +553% |
| Amounts receivable within one year | 40/41 | €21,258 | €281,666 | +€260,408 | +1,225% |
| Trade receivables | 40 | €7,433 | €7,650 | +€217 | +2.9% |
| Other amounts receivable | 41 | €13,825 | €274,016 | +€260,191 | +1,882% |
| Cash at bank and in hand | 54/58 | €17,112 | €13,502 | -€3,609 | -21.1% |
| Deferred charges and accrued income | 490/1 | €7,839 | €6,354 | -€1,485 | -18.9% |
| Total equity and liabilities | 10/49 | €281,324 | €301,522 | +€20,198 | +7.2% |
| Equity | 10/15 | €53,478 | €107,392 | +€53,914 | +101% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,978 | €106,892 | +€53,914 | +102% |
| Amounts payable | 17/49 | €227,847 | €194,130 | -€33,716 | -14.8% |
| Amounts payable after more than one year | 17 | €123,000 | €127,298 | +€4,298 | +3.5% |
| Other amounts payable | 178/9 | €123,000 | €127,298 | +€4,298 | +3.5% |
| Amounts payable within one year | 42/48 | €88,421 | €50,407 | -€38,014 | -43.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,853 | +€7,853 | |
| Trade debts | 44 | €12,672 | €8,606 | -€4,066 | -32.1% |
| Suppliers | 440/4 | €12,672 | €8,606 | -€4,066 | -32.1% |
| Taxes, remuneration and social security | 45 | €22,120 | €20,318 | -€1,801 | -8.1% |
| Taxes | 450/3 | €22,120 | €20,318 | -€1,801 | -8.1% |
| Other amounts payable | 47/48 | €53,630 | €13,630 | -€40,000 | -74.6% |
| Accrued charges and deferred income | 492/3 | €16,425 | €16,425 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351 | €115 | -€236 | -67.2% |
| Other operating charges | 640/8 | €420 | €516 | +€96 | +22.7% |
| Gross operating margin | 9900 | €58,929 | €74,778 | +€15,849 | +26.9% |
| Operating profit (loss) | 9901 | €58,157 | €74,147 | +€15,990 | +27.5% |
| Financial income | 75/76B | €161 | €1,520 | +€1,358 | +843% |
| Recurring financial income | 75 | €161 | €1,520 | +€1,358 | +843% |
| Financial charges | 65/66B | €149 | €902 | +€753 | +507% |
| Recurring financial charges | 65 | €149 | €902 | +€753 | +507% |
| Profit (loss) for the period before taxes | 9903 | €58,170 | €74,765 | +€16,595 | +28.5% |
| Income taxes | 67/77 | €17,433 | €20,850 | +€3,417 | +19.6% |
| Profit (loss) for the period | 9904 | €40,737 | €53,914 | +€13,178 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,737 | €53,914 | +€13,178 | +32.3% |
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 14 October 2026 via checked.be.