ERIC THIRY 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 THIRY AVOCAT
Largest movements
- Cash -€36,060
down €36,060 (-44.4%), from €81,215 to €45,154
mainly Contributions, distributions and other (-€167,369) and Deferred charges and accrued income (-€31,161)
- Deferred charges and accrued income +€31,161
up €31,161 (+3,583%), from €870 to €32,031
- Current investments +€18,163
up €18,163 (+9.7%), from €188,043 to €206,207
- Other debts +€46,775
up €46,775 (+35.0%), from €133,805 to €180,580
- Short-term financial debts -€27,674
down €27,674 (-74.2%), from €37,315 to €9,641
- Current portion of long-term debt -€6,031
down €6,031 (-100%), from €6,031 to €0
- Gross operating margin +€33,502
up €33,502 (+16.5%), from €203,091 to €236,592
- Taxes +€9,946
up €9,946 (+20.4%), from €48,726 to €58,672
- Depreciation -€9,945
down €9,945 (-60.0%), from €16,564 to €6,619
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 | €357,564 | €369,575 | +€12,010 | +3.4% |
| Fixed assets | 21/28 | €36,512 | €37,518 | +€1,006 | +2.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €36,387 | €37,393 | +€1,006 | +2.8% |
| Plant, machinery and equipment | 23 | - | €781 | +€781 | |
| Furniture and vehicles | 24 | €10,410 | €13,020 | +€2,610 | +25.1% |
| Other tangible fixed assets | 26 | €25,977 | €23,592 | -€2,385 | -9.2% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €321,052 | €332,056 | +€11,004 | +3.4% |
| Amounts receivable within one year | 40/41 | €50,925 | €48,664 | -€2,261 | -4.4% |
| Trade receivables | 40 | €43,042 | €47,315 | +€4,273 | +9.9% |
| Other amounts receivable | 41 | €7,882 | €1,349 | -€6,533 | -82.9% |
| Current investments | 50/53 | €188,043 | €206,207 | +€18,163 | +9.7% |
| Cash at bank and in hand | 54/58 | €81,215 | €45,154 | -€36,060 | -44.4% |
| Deferred charges and accrued income | 490/1 | €870 | €32,031 | +€31,161 | +3,583% |
| Total equity and liabilities | 10/49 | €357,564 | €369,575 | +€12,010 | +3.4% |
| Equity | 10/15 | €149,344 | €149,344 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,744 | €130,744 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €128,884 | €128,884 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €208,220 | €220,230 | +€12,010 | +5.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €208,220 | €220,230 | +€12,010 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €6,031 | €0 | -€6,031 | -100% |
| Financial debts | 43 | €37,315 | €9,641 | -€27,674 | -74.2% |
| Credit institutions | 430/8 | €37,315 | €9,641 | -€27,674 | -74.2% |
| Trade debts | 44 | €8,164 | €10,122 | +€1,958 | +24.0% |
| Suppliers | 440/4 | €8,164 | €10,122 | +€1,958 | +24.0% |
| Taxes, remuneration and social security | 45 | €22,905 | €19,887 | -€3,018 | -13.2% |
| Taxes | 450/3 | €22,905 | €19,887 | -€3,018 | -13.2% |
| Other amounts payable | 47/48 | €133,805 | €180,580 | +€46,775 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,564 | €6,619 | -€9,945 | -60.0% |
| Other operating charges | 640/8 | €1,384 | €2,808 | +€1,425 | +103% |
| Gross operating margin | 9900 | €203,091 | €236,592 | +€33,502 | +16.5% |
| Operating profit (loss) | 9901 | €185,143 | €227,165 | +€42,022 | +22.7% |
| Financial income | 75/76B | €603 | €598 | -€5 | -0.9% |
| Recurring financial income | 75 | €603 | €598 | -€5 | -0.9% |
| Financial charges | 65/66B | €3,216 | €1,722 | -€1,493 | -46.4% |
| Recurring financial charges | 65 | €3,216 | €1,722 | -€1,493 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €182,531 | €226,041 | +€43,510 | +23.8% |
| Income taxes | 67/77 | €48,726 | €58,672 | +€9,946 | +20.4% |
| Profit (loss) for the period | 9904 | €133,805 | €167,369 | +€33,564 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €133,805 | €167,369 | +€33,564 | +25.1% |
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 19 October 2026 via checked.be.