CM 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.
CM AVOCAT
Largest movements
- Receivables within one year -€12,051
down €12,051 (-50.8%), from €23,703 to €11,652
of which Trade receivables: -€19,448
- Cash +€11,670
up €11,670 (+117%), from €10,016 to €21,686
mainly Receivables within one year (+€12,051) and Depreciation (+€10,714)
- Intangible fixed assets -€10,714
down €10,714 (-17.7%), from €60,674 to €49,960
- Other debts -€15,981
down €15,981 (-43.6%), from €36,676 to €20,695
- Profit (loss) carried forward +€6,019
up €6,019 (+11.1%), from €54,051 to €60,070
- Trade debts -€979
down €979 (-96.7%), from €1,012 to €33
- Gross operating margin -€9,193
down €9,193 (-31.5%), from €29,164 to €19,971
- Financial charges -€3,040
down €3,040 (-94.0%), from €3,235 to €195
- Taxes -€1,102
down €1,102 (-29.4%), from €3,745 to €2,643
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 | €94,393 | €83,298 | -€11,096 | -11.8% |
| Fixed assets | 21/28 | €60,674 | €49,960 | -€10,714 | -17.7% |
| Intangible fixed assets | 21 | €60,674 | €49,960 | -€10,714 | -17.7% |
| Current assets | 29/58 | €33,719 | €33,338 | -€381 | -1.1% |
| Amounts receivable within one year | 40/41 | €23,703 | €11,652 | -€12,051 | -50.8% |
| Trade receivables | 40 | €19,448 | €0 | -€19,448 | -100% |
| Other amounts receivable | 41 | €4,255 | €11,652 | +€7,397 | +174% |
| Cash at bank and in hand | 54/58 | €10,016 | €21,686 | +€11,670 | +117% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €94,393 | €83,298 | -€11,096 | -11.8% |
| Equity | 10/15 | €56,551 | €62,570 | +€6,019 | +10.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,051 | €60,070 | +€6,019 | +11.1% |
| Amounts payable | 17/49 | €37,843 | €20,728 | -€17,115 | -45.2% |
| Amounts payable within one year | 42/48 | €37,843 | €20,728 | -€17,115 | -45.2% |
| Trade debts | 44 | €1,012 | €33 | -€979 | -96.7% |
| Suppliers | 440/4 | €1,012 | €33 | -€979 | -96.7% |
| Taxes, remuneration and social security | 45 | €155 | €0 | -€155 | -100% |
| Taxes | 450/3 | €155 | €0 | -€155 | -100% |
| Other amounts payable | 47/48 | €36,676 | €20,695 | -€15,981 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,714 | €10,714 | = | 0.0% |
| Other operating charges | 640/8 | €439 | €400 | -€39 | -8.9% |
| Gross operating margin | 9900 | €29,164 | €19,971 | -€9,193 | -31.5% |
| Operating profit (loss) | 9901 | €18,011 | €8,857 | -€9,154 | -50.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €3,235 | €195 | -€3,040 | -94.0% |
| Recurring financial charges | 65 | €3,235 | €195 | -€3,040 | -94.0% |
| Profit (loss) for the period before taxes | 9903 | €14,775 | €8,662 | -€6,113 | -41.4% |
| Income taxes | 67/77 | €3,745 | €2,643 | -€1,102 | -29.4% |
| Profit (loss) for the period | 9904 | €11,030 | €6,019 | -€5,011 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,030 | €6,019 | -€5,011 | -45.4% |
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 21 October 2026 via checked.be.