FHL 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.
FHL AVOCAT
Largest movements
- Receivables within one year +€32,597
up €32,597 (+31.5%), from €103,426 to €136,023
of which Trade receivables: +€23,110
- Cash +€10,152
up €10,152 (+23.5%), from €43,249 to €53,401
mainly Other debts (+€66,114) and Net result for the year (+€41,145)
- Tangible fixed assets -€9,571
down €9,571 (-31.7%), from €30,194 to €20,623
- Other debts +€66,114
up €66,114 (+545%), from €12,123 to €78,237
- Profit (loss) carried forward -€33,855
down €33,855 (-26.0%), from €130,100 to €96,246
- Tax, wage and social debts +€11,628
up €11,628 (+98.1%), from €11,849 to €23,477
- Debts after one year -€10,398
down €10,398 (-79.6%), from €13,056 to €2,658
- Gross operating margin -€23,877
down €23,877 (-27.8%), from €85,978 to €62,101
- Taxes -€5,058
down €5,058 (-32.7%), from €15,482 to €10,424
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 | €182,666 | €216,233 | +€33,567 | +18.4% |
| Fixed assets | 21/28 | €35,892 | €26,321 | -€9,571 | -26.7% |
| Tangible fixed assets | 22/27 | €30,194 | €20,623 | -€9,571 | -31.7% |
| Furniture and vehicles | 24 | €30,194 | €20,623 | -€9,571 | -31.7% |
| Financial fixed assets | 28 | €5,698 | €5,698 | = | 0.0% |
| Current assets | 29/58 | €146,774 | €189,912 | +€43,138 | +29.4% |
| Amounts receivable within one year | 40/41 | €103,426 | €136,023 | +€32,597 | +31.5% |
| Trade receivables | 40 | €103,426 | €126,535 | +€23,110 | +22.3% |
| Other amounts receivable | 41 | - | €9,488 | +€9,488 | |
| Cash at bank and in hand | 54/58 | €43,249 | €53,401 | +€10,152 | +23.5% |
| Deferred charges and accrued income | 490/1 | €100 | €488 | +€388 | +390% |
| Total equity and liabilities | 10/49 | €182,666 | €216,233 | +€33,567 | +18.4% |
| Equity | 10/15 | €133,100 | €99,246 | -€33,855 | -25.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,100 | €96,246 | -€33,855 | -26.0% |
| Amounts payable | 17/49 | €49,566 | €116,987 | +€67,421 | +136% |
| Amounts payable after more than one year | 17 | €13,056 | €2,658 | -€10,398 | -79.6% |
| Financial debts | 170/4 | €13,056 | €2,658 | -€10,398 | -79.6% |
| Amounts payable within one year | 42/48 | €36,510 | €113,929 | +€77,419 | +212% |
| Current portion of amounts payable after more than one year | 42 | €10,031 | €10,398 | +€366 | +3.6% |
| Trade debts | 44 | €2,506 | €1,817 | -€689 | -27.5% |
| Suppliers | 440/4 | €2,506 | €1,817 | -€689 | -27.5% |
| Taxes, remuneration and social security | 45 | €11,849 | €23,477 | +€11,628 | +98.1% |
| Taxes | 450/3 | €11,849 | €23,477 | +€11,628 | +98.1% |
| Other amounts payable | 47/48 | €12,123 | €78,237 | +€66,114 | +545% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,571 | €9,571 | = | 0.0% |
| Other operating charges | 640/8 | €586 | €513 | -€72 | -12.3% |
| Gross operating margin | 9900 | €85,978 | €62,101 | -€23,877 | -27.8% |
| Operating profit (loss) | 9901 | €75,822 | €52,017 | -€23,805 | -31.4% |
| Financial income | 75/76B | €185 | €285 | +€100 | +53.8% |
| Recurring financial income | 75 | €185 | €285 | +€100 | +53.8% |
| Financial charges | 65/66B | €1,212 | €732 | -€480 | -39.6% |
| Recurring financial charges | 65 | €1,212 | €732 | -€480 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €74,795 | €51,570 | -€23,225 | -31.1% |
| Income taxes | 67/77 | €15,482 | €10,424 | -€5,058 | -32.7% |
| Profit (loss) for the period | 9904 | €59,313 | €41,145 | -€18,167 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,313 | €41,145 | -€18,167 | -30.6% |
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 25 October 2026 via checked.be.