DAVID MOINET 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.
DAVID MOINET AVOCAT
Largest movements
- Tangible fixed assets +€253,116
up €253,116 (+267%), from €94,969 to €348,085
of which Land and buildings: +€255,580
- Cash -€204,389
down €204,389 (-77.7%), from €262,987 to €58,598
mainly Investment in fixed assets (net) (-€288,913) and Contributions, distributions and other (-€245,000)
- Receivables within one year -€15,489
down €15,489 (-69.0%), from €22,450 to €6,961
of which Trade receivables: -€15,267
- Financial fixed assets +€10,500
new in 2025: €10,500
- Reserves -€72,579
down €72,579 (-31.3%), from €231,542 to €158,963
- Debts after one year +€70,731
up €70,731 (+91.1%), from €77,664 to €148,395
- Other debts +€36,838
up €36,838 (+1,222%), from €3,015 to €39,853
- Tax, wage and social debts +€7,303
up €7,303 (+15.0%), from €48,806 to €56,109
- Gross operating margin +€56,621
up €56,621 (+28.4%), from €199,464 to €256,084
- Depreciation +€19,290
up €19,290 (+321%), from €6,007 to €25,297
- Taxes +€6,027
up €6,027 (+13.7%), from €44,064 to €50,091
- Financial charges +€2,957
up €2,957 (+100%), from €2,951 to €5,908
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 | €381,964 | €425,774 | +€43,809 | +11.5% |
| Fixed assets | 21/28 | €94,969 | €358,585 | +€263,616 | +278% |
| Tangible fixed assets | 22/27 | €94,969 | €348,085 | +€253,116 | +267% |
| Land and buildings | 22 | €85,619 | €341,199 | +€255,580 | +299% |
| Plant, machinery and equipment | 23 | €4,825 | €3,581 | -€1,244 | -25.8% |
| Furniture and vehicles | 24 | €4,525 | €3,306 | -€1,220 | -27.0% |
| Financial fixed assets | 28 | - | €10,500 | +€10,500 | |
| Current assets | 29/58 | €286,995 | €67,188 | -€219,806 | -76.6% |
| Amounts receivable within one year | 40/41 | €22,450 | €6,961 | -€15,489 | -69.0% |
| Trade receivables | 40 | €22,228 | €6,961 | -€15,267 | -68.7% |
| Other amounts receivable | 41 | €223 | €0 | -€223 | -100% |
| Cash at bank and in hand | 54/58 | €262,987 | €58,598 | -€204,389 | -77.7% |
| Deferred charges and accrued income | 490/1 | €1,557 | €1,629 | +€72 | +4.6% |
| Total equity and liabilities | 10/49 | €381,964 | €425,774 | +€43,809 | +11.5% |
| Equity | 10/15 | €236,542 | €163,963 | -€72,579 | -30.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €231,542 | €158,963 | -€72,579 | -31.3% |
| Distributable reserves | 133 | €231,542 | €158,963 | -€72,579 | -31.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €145,422 | €261,811 | +€116,388 | +80.0% |
| Amounts payable after more than one year | 17 | €77,664 | €148,395 | +€70,731 | +91.1% |
| Financial debts | 170/4 | €77,664 | €148,395 | +€70,731 | +91.1% |
| Amounts payable within one year | 42/48 | €67,758 | €113,416 | +€45,658 | +67.4% |
| Current portion of amounts payable after more than one year | 42 | €14,054 | €16,335 | +€2,281 | +16.2% |
| Trade debts | 44 | €1,883 | €1,119 | -€764 | -40.6% |
| Suppliers | 440/4 | €1,883 | €1,119 | -€764 | -40.6% |
| Taxes, remuneration and social security | 45 | €48,806 | €56,109 | +€7,303 | +15.0% |
| Taxes | 450/3 | €48,806 | €56,109 | +€7,303 | +15.0% |
| Other amounts payable | 47/48 | €3,015 | €39,853 | +€36,838 | +1,222% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,007 | €25,297 | +€19,290 | +321% |
| Other operating charges | 640/8 | €3,497 | €2,367 | -€1,131 | -32.3% |
| Gross operating margin | 9900 | €199,464 | €256,084 | +€56,621 | +28.4% |
| Operating profit (loss) | 9901 | €189,959 | €228,420 | +€38,461 | +20.2% |
| Financial charges | 65/66B | €2,951 | €5,908 | +€2,957 | +100% |
| Recurring financial charges | 65 | €2,951 | €5,908 | +€2,957 | +100% |
| Profit (loss) for the period before taxes | 9903 | €187,009 | €222,512 | +€35,504 | +19.0% |
| Income taxes | 67/77 | €44,064 | €50,091 | +€6,027 | +13.7% |
| Profit (loss) for the period | 9904 | €142,944 | €172,421 | +€29,477 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €142,944 | €172,421 | +€29,477 | +20.6% |
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 24 October 2026 via checked.be.