ERIC JACQUES 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.
ERIC JACQUES AVOCAT
Largest movements
- Tangible fixed assets -€9,178
down €9,178 (-4.4%), from €208,986 to €199,808
of which Land and buildings: -€8,748
- Receivables within one year +€8,290
up €8,290 (+2,375%), from €349 to €8,640
of which Trade receivables: +€8,035
- Cash +€5,569
up €5,569 (+17.0%), from €32,800 to €38,369
mainly Net result for the year (+€15,370) and Other debts (+€13,346)
- Debts after one year -€24,626
down €24,626 (-22.2%), from €111,142 to €86,516
- Reserves +€15,370
up €15,370 (+30.4%), from €50,500 to €65,870
- Other debts +€13,346
up €13,346 (+35.9%), from €37,175 to €50,521
- Gross operating margin +€4,562
up €4,562 (+13.2%), from €34,676 to €39,238
- Taxes +€1,273
up €1,273 (+22.2%), from €5,733 to €7,007
- Financial charges -€1,040
down €1,040 (-13.5%), from €7,725 to €6,685
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 | €243,816 | €248,621 | +€4,804 | +2.0% |
| Fixed assets | 21/28 | €208,986 | €199,808 | -€9,178 | -4.4% |
| Tangible fixed assets | 22/27 | €208,986 | €199,808 | -€9,178 | -4.4% |
| Land and buildings | 22 | €208,019 | €199,271 | -€8,748 | -4.2% |
| Furniture and vehicles | 24 | €968 | €538 | -€430 | -44.4% |
| Current assets | 29/58 | €34,830 | €48,812 | +€13,982 | +40.1% |
| Amounts receivable within one year | 40/41 | €349 | €8,640 | +€8,290 | +2,375% |
| Trade receivables | 40 | - | €8,035 | +€8,035 | |
| Other amounts receivable | 41 | €349 | €605 | +€255 | +73.2% |
| Cash at bank and in hand | 54/58 | €32,800 | €38,369 | +€5,569 | +17.0% |
| Deferred charges and accrued income | 490/1 | €1,681 | €1,804 | +€123 | +7.3% |
| Total equity and liabilities | 10/49 | €243,816 | €248,621 | +€4,804 | +2.0% |
| Equity | 10/15 | €65,101 | €80,471 | +€15,370 | +23.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,500 | €65,870 | +€15,370 | +30.4% |
| Distributable reserves | 133 | €50,500 | €65,870 | +€15,370 | +30.4% |
| Profit (loss) carried forward | 14 | €2,201 | €2,201 | +€0 | 0.0% |
| Amounts payable | 17/49 | €178,715 | €168,149 | -€10,566 | -5.9% |
| Amounts payable after more than one year | 17 | €111,142 | €86,516 | -€24,626 | -22.2% |
| Financial debts | 170/4 | €111,142 | €86,516 | -€24,626 | -22.2% |
| Amounts payable within one year | 42/48 | €64,732 | €78,790 | +€14,058 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €23,439 | €24,626 | +€1,187 | +5.1% |
| Trade debts | 44 | €2,329 | €1,607 | -€723 | -31.0% |
| Suppliers | 440/4 | €2,329 | €1,607 | -€723 | -31.0% |
| Taxes, remuneration and social security | 45 | €1,789 | €2,037 | +€248 | +13.8% |
| Taxes | 450/3 | €1,789 | €2,037 | +€248 | +13.8% |
| Other amounts payable | 47/48 | €37,175 | €50,521 | +€13,346 | +35.9% |
| Accrued charges and deferred income | 492/3 | €2,841 | €2,843 | +€2 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,070 | €9,178 | +€108 | +1.2% |
| Other operating charges | 640/8 | €907 | €998 | +€91 | +10.1% |
| Gross operating margin | 9900 | €34,676 | €39,238 | +€4,562 | +13.2% |
| Operating profit (loss) | 9901 | €24,699 | €29,062 | +€4,363 | +17.7% |
| Financial charges | 65/66B | €7,725 | €6,685 | -€1,040 | -13.5% |
| Recurring financial charges | 65 | €7,725 | €6,685 | -€1,040 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €16,974 | €22,377 | +€5,403 | +31.8% |
| Income taxes | 67/77 | €5,733 | €7,007 | +€1,273 | +22.2% |
| Profit (loss) for the period | 9904 | €11,240 | €15,370 | +€4,130 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,240 | €15,370 | +€4,130 | +36.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.