EP 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.
EP Advocaat
Largest movements
- Cash +€20,463
up €20,463 (+78.6%), from €26,035 to €46,498
mainly Net result for the year (+€22,067) and Tax, wage and social debts (+€2,747)
- Tangible fixed assets +€2,957
up €2,957 (+241%), from €1,224 to €4,181
- Current investments -€2,689
no longer reported in 2025 (was €2,689)
- Receivables within one year +€1,580
up €1,580 (+16.7%), from €9,445 to €11,025
of which Trade receivables: +€1,580
- Deferred charges and accrued income +€628
up €628 (+822%), from €76 to €704
- Profit (loss) carried forward +€21,234
up €21,234 (+65.5%), from €32,423 to €53,657
- Tax, wage and social debts +€2,747
up €2,747 (+73.3%), from €3,748 to €6,494
- Trade debts -€1,959
down €1,959 (-91.0%), from €2,152 to €193
- Accrued charges and deferred income +€942
up €942 (+561%), from €168 to €1,110
- Gross operating margin -€3,312
down €3,312 (-10.2%), from €32,413 to €29,101
- Depreciation +€777
up €777 (+292%), from €266 to €1,043
- Taxes -€574
down €574 (-8.6%), from €6,693 to €6,119
- Financial income +€371
up €371 (+356%), from €104 to €475
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 | €39,470 | €62,408 | +€22,938 | +58.1% |
| Fixed assets | 21/28 | €1,224 | €4,181 | +€2,957 | +241% |
| Tangible fixed assets | 22/27 | €1,224 | €4,181 | +€2,957 | +241% |
| Furniture and vehicles | 24 | €1,224 | €4,181 | +€2,957 | +241% |
| Current assets | 29/58 | €38,245 | €58,227 | +€19,982 | +52.2% |
| Amounts receivable within one year | 40/41 | €9,445 | €11,025 | +€1,580 | +16.7% |
| Trade receivables | 40 | €7,695 | €9,275 | +€1,580 | +20.5% |
| Other amounts receivable | 41 | €1,750 | €1,750 | +€0 | 0.0% |
| Current investments | 50/53 | €2,689 | - | -€2,689 | |
| Cash at bank and in hand | 54/58 | €26,035 | €46,498 | +€20,463 | +78.6% |
| Deferred charges and accrued income | 490/1 | €76 | €704 | +€628 | +822% |
| Total equity and liabilities | 10/49 | €39,470 | €62,408 | +€22,938 | +58.1% |
| Equity | 10/15 | €32,543 | €53,777 | +€21,234 | +65.3% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,423 | €53,657 | +€21,234 | +65.5% |
| Amounts payable | 17/49 | €6,927 | €8,631 | +€1,704 | +24.6% |
| Amounts payable within one year | 42/48 | €6,759 | €7,521 | +€762 | +11.3% |
| Trade debts | 44 | €2,152 | €193 | -€1,959 | -91.0% |
| Suppliers | 440/4 | €2,152 | €193 | -€1,959 | -91.0% |
| Taxes, remuneration and social security | 45 | €3,748 | €6,494 | +€2,747 | +73.3% |
| Taxes | 450/3 | €3,748 | €6,494 | +€2,747 | +73.3% |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Accrued charges and deferred income | 492/3 | €168 | €1,110 | +€942 | +561% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €1,043 | +€777 | +292% |
| Other operating charges | 640/8 | €64 | €244 | +€180 | +282% |
| Gross operating margin | 9900 | €32,413 | €29,101 | -€3,312 | -10.2% |
| Operating profit (loss) | 9901 | €32,083 | €27,814 | -€4,269 | -13.3% |
| Financial income | 75/76B | €104 | €475 | +€371 | +356% |
| Recurring financial income | 75 | €104 | €475 | +€371 | +356% |
| Financial charges | 65/66B | €100 | €103 | +€3 | +3.0% |
| Recurring financial charges | 65 | €100 | €103 | +€3 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €32,087 | €28,186 | -€3,901 | -12.2% |
| Income taxes | 67/77 | €6,693 | €6,119 | -€574 | -8.6% |
| Profit (loss) for the period | 9904 | €25,394 | €22,067 | -€3,326 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,394 | €22,067 | -€3,326 | -13.1% |
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 15 October 2026 via checked.be.