FdAVOCAT: what changed
Two fiscal 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.
FdAVOCAT
Largest movements
- Receivables within one year +€26,732
up €26,732 (+19.8%), from €134,947 to €161,679
of which Other amounts receivable: +€23,474
- Cash -€6,217
down €6,217 (-77.7%), from €8,000 to €1,783
mainly Contributions, distributions and other (-€30,000) and Receivables within one year (-€26,732)
- Other debts +€30,000
new in 2025: €30,000
- Tax, wage and social debts -€19,171
down €19,171 (-45.0%), from €42,600 to €23,429
- Profit (loss) carried forward +€7,575
up €7,575 (+8.2%), from €92,482 to €100,057
- Trade debts +€1,692
up €1,692 (+17.6%), from €9,596 to €11,287
- Gross operating margin -€7,755
down €7,755 (-13.4%), from €57,963 to €50,208
- Taxes +€2,467
up €2,467 (+17.7%), from €13,903 to €16,370
- Other operating charges +€759
up €759 (+67.4%), from €1,127 to €1,886
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.
Cash bridge derived
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 | €144,678 | €164,774 | +€20,096 | +13.9% |
| Fixed assets | 21/28 | €1,074 | €651 | -€423 | -39.4% |
| Tangible fixed assets | 22/27 | €1,074 | €651 | -€423 | -39.4% |
| Furniture and vehicles | 24 | €1,074 | €651 | -€423 | -39.4% |
| Current assets | 29/58 | €143,604 | €164,123 | +€20,519 | +14.3% |
| Amounts receivable within one year | 40/41 | €134,947 | €161,679 | +€26,732 | +19.8% |
| Trade receivables | 40 | €17,960 | €21,218 | +€3,258 | +18.1% |
| Other amounts receivable | 41 | €116,987 | €140,461 | +€23,474 | +20.1% |
| Cash at bank and in hand | 54/58 | €8,000 | €1,783 | -€6,217 | -77.7% |
| Deferred charges and accrued income | 490/1 | €657 | €661 | +€4 | +0.6% |
| Total equity and liabilities | 10/49 | €144,678 | €164,774 | +€20,096 | +13.9% |
| Equity | 10/15 | €92,482 | €100,057 | +€7,575 | +8.2% |
| Profit (loss) carried forward | 14 | €92,482 | €100,057 | +€7,575 | +8.2% |
| Amounts payable | 17/49 | €52,196 | €64,717 | +€12,521 | +24.0% |
| Amounts payable within one year | 42/48 | €52,196 | €64,717 | +€12,521 | +24.0% |
| Trade debts | 44 | €9,596 | €11,287 | +€1,692 | +17.6% |
| Suppliers | 440/4 | €9,596 | €11,287 | +€1,692 | +17.6% |
| Taxes, remuneration and social security | 45 | €42,600 | €23,429 | -€19,171 | -45.0% |
| Taxes | 450/3 | €42,600 | €23,429 | -€19,171 | -45.0% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €423 | €423 | = | 0.0% |
| Other operating charges | 640/8 | €1,127 | €1,886 | +€759 | +67.4% |
| Gross operating margin | 9900 | €57,963 | €50,208 | -€7,755 | -13.4% |
| Operating profit (loss) | 9901 | €56,413 | €47,899 | -€8,514 | -15.1% |
| Financial income | 75/76B | €7,080 | €6,975 | -€105 | -1.5% |
| Recurring financial income | 75 | €7,080 | €6,975 | -€105 | -1.5% |
| Financial charges | 65/66B | €766 | €929 | +€163 | +21.3% |
| Recurring financial charges | 65 | €766 | €929 | +€163 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €62,727 | €53,945 | -€8,782 | -14.0% |
| Income taxes | 67/77 | €13,903 | €16,370 | +€2,467 | +17.7% |
| Profit (loss) for the period | 9904 | €48,824 | €37,575 | -€11,248 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,824 | €37,575 | -€11,248 | -23.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.