GD&D AVOCATS: 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.
GD&D AVOCATS
Largest movements
- Current investments -€75,000
no longer reported in 2025 (was €75,000)
- Cash +€46,239
up €46,239 (+38.1%), from €121,394 to €167,633
mainly Current investments (+€75,000) and Net result for the year (+€41,215)
- Receivables within one year +€27,114
up €27,114 (+225%), from €12,039 to €39,153
of which Trade receivables: +€24,487
- Advances received -€36,132
no longer reported in 2025 (was €36,132)
- Reserves +€14,899
up €14,899 (+10.6%), from €140,742 to €155,641
- Trade debts +€10,659
up €10,659 (+53.5%), from €19,941 to €30,600
- Tax, wage and social debts +€6,403
up €6,403 (+32.9%), from €19,442 to €25,845
of which Taxes: +€5,202
- Staff costs -€4,845
down €4,845 (-8.5%), from €56,846 to €52,001
- Gross operating margin -€2,942
down €2,942 (-2.4%), from €120,741 to €117,799
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 | €218,777 | €214,124 | -€4,653 | -2.1% |
| Fixed assets | 21/28 | €6,315 | €4,272 | -€2,043 | -32.3% |
| Tangible fixed assets | 22/27 | €6,315 | €4,272 | -€2,043 | -32.3% |
| Plant, machinery and equipment | 23 | €2,901 | €1,440 | -€1,460 | -50.3% |
| Furniture and vehicles | 24 | €3,414 | €2,831 | -€582 | -17.1% |
| Current assets | 29/58 | €212,463 | €209,853 | -€2,610 | -1.2% |
| Amounts receivable within one year | 40/41 | €12,039 | €39,153 | +€27,114 | +225% |
| Trade receivables | 40 | €9,481 | €33,968 | +€24,487 | +258% |
| Other amounts receivable | 41 | €2,558 | €5,185 | +€2,627 | +103% |
| Current investments | 50/53 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €121,394 | €167,633 | +€46,239 | +38.1% |
| Deferred charges and accrued income | 490/1 | €4,030 | €3,066 | -€964 | -23.9% |
| Total equity and liabilities | 10/49 | €218,777 | €214,124 | -€4,653 | -2.1% |
| Equity | 10/15 | €141,379 | €156,278 | +€14,899 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,742 | €155,641 | +€14,899 | +10.6% |
| Distributable reserves | 133 | €140,742 | €155,641 | +€14,899 | +10.6% |
| Profit (loss) carried forward | 14 | -€17,963 | -€17,963 | = | 0.0% |
| Amounts payable | 17/49 | €77,398 | €57,846 | -€19,552 | -25.3% |
| Amounts payable within one year | 42/48 | €77,029 | €56,956 | -€20,074 | -26.1% |
| Financial debts | 43 | €24 | - | -€24 | |
| Credit institutions | 430/8 | €24 | - | -€24 | |
| Trade debts | 44 | €19,941 | €30,600 | +€10,659 | +53.5% |
| Suppliers | 440/4 | €19,941 | €30,600 | +€10,659 | +53.5% |
| Advances received on contracts in progress | 46 | €36,132 | - | -€36,132 | |
| Taxes, remuneration and social security | 45 | €19,442 | €25,845 | +€6,403 | +32.9% |
| Taxes | 450/3 | €12,204 | €17,405 | +€5,202 | +42.6% |
| Remuneration and social security | 454/9 | €7,239 | €8,439 | +€1,201 | +16.6% |
| Other amounts payable | 47/48 | €1,490 | €511 | -€979 | -65.7% |
| Accrued charges and deferred income | 492/3 | €369 | €891 | +€522 | +141% |
| Remuneration, social security and pensions | 62 | €56,846 | €52,001 | -€4,845 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,426 | €4,997 | +€571 | +12.9% |
| Other operating charges | 640/8 | €1,187 | €1,639 | +€451 | +38.0% |
| Gross operating margin | 9900 | €120,741 | €117,799 | -€2,942 | -2.4% |
| Operating profit (loss) | 9901 | €58,281 | €59,162 | +€881 | +1.5% |
| Financial income | 75/76B | €694 | €1,391 | +€698 | +101% |
| Recurring financial income | 75 | €694 | €1,391 | +€698 | +101% |
| Financial charges | 65/66B | €759 | €364 | -€394 | -52.0% |
| Recurring financial charges | 65 | €759 | €364 | -€394 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | €58,216 | €60,189 | +€1,973 | +3.4% |
| Income taxes | 67/77 | €18,572 | €18,974 | +€402 | +2.2% |
| Profit (loss) for the period | 9904 | €39,644 | €41,215 | +€1,571 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,644 | €41,215 | +€1,571 | +4.0% |
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 23 October 2026 via checked.be.