E.S. Advocaat: 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.
E.S. Advocaat
Largest movements
- Cash -€8,291
down €8,291 (-2.1%), from €386,421 to €378,130
mainly Contributions, distributions and other (-€689,671) and Smaller working-capital items (-€1,820)
- Tangible fixed assets -€4,297
down €4,297 (-31.0%), from €13,869 to €9,572
- Reserves -€397,297
down €397,297 (-100%), from €397,297 to €0
- Other debts +€386,529
up €386,529 (+1,332,859%), from €29 to €386,558
- Gross operating margin +€241,459
up €241,459 (+167%), from €144,874 to €386,333
- Taxes +€59,771
up €59,771 (+182%), from €32,875 to €92,646
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 | €403,965 | €393,026 | -€10,939 | -2.7% |
| Fixed assets | 21/28 | €13,869 | €9,572 | -€4,297 | -31.0% |
| Tangible fixed assets | 22/27 | €13,869 | €9,572 | -€4,297 | -31.0% |
| Furniture and vehicles | 24 | €13,869 | €9,572 | -€4,297 | -31.0% |
| Current assets | 29/58 | €390,096 | €383,454 | -€6,642 | -1.7% |
| Amounts receivable within one year | 40/41 | €3,675 | €5,324 | +€1,649 | +44.9% |
| Trade receivables | 40 | €24 | €1,792 | +€1,768 | +7,367% |
| Other amounts receivable | 41 | €3,651 | €3,532 | -€119 | -3.3% |
| Cash at bank and in hand | 54/58 | €386,421 | €378,130 | -€8,291 | -2.1% |
| Total equity and liabilities | 10/49 | €403,965 | €393,026 | -€10,939 | -2.7% |
| Equity | 10/15 | €399,297 | €2,000 | -€397,297 | -99.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €397,297 | €0 | -€397,297 | -100% |
| Distributable reserves | 133 | €397,297 | €0 | -€397,297 | -100% |
| Amounts payable | 17/49 | €4,668 | €391,026 | +€386,358 | +8,277% |
| Amounts payable within one year | 42/48 | €4,668 | €391,026 | +€386,358 | +8,277% |
| Trade debts | 44 | €889 | €718 | -€171 | -19.2% |
| Suppliers | 440/4 | €889 | €718 | -€171 | -19.2% |
| Taxes, remuneration and social security | 45 | €3,750 | €3,750 | = | 0.0% |
| Taxes | 450/3 | €3,750 | €3,750 | = | 0.0% |
| Other amounts payable | 47/48 | €29 | €386,558 | +€386,529 | +1,332,859% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,296 | €4,297 | +€1 | 0.0% |
| Other operating charges | 640/8 | €707 | €682 | -€25 | -3.5% |
| Gross operating margin | 9900 | €144,874 | €386,333 | +€241,459 | +167% |
| Operating profit (loss) | 9901 | €139,871 | €381,354 | +€241,483 | +173% |
| Financial income | 75/76B | €4,879 | €3,948 | -€931 | -19.1% |
| Recurring financial income | 75 | €4,879 | €3,948 | -€931 | -19.1% |
| Non-recurring financial income | 76B | €4,879 | €3,948 | -€931 | -19.1% |
| Financial charges | 65/66B | €223 | €282 | +€59 | +26.5% |
| Recurring financial charges | 65 | €223 | €282 | +€59 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €144,527 | €385,020 | +€240,493 | +166% |
| Income taxes | 67/77 | €32,875 | €92,646 | +€59,771 | +182% |
| Profit (loss) for the period | 9904 | €111,652 | €292,374 | +€180,722 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €111,652 | €292,374 | +€180,722 | +162% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.