GL AVOCATE: 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.
GL AVOCATE
Largest movements
- Cash +€40,758
up €40,758 (+120.1%), from €33,945 to €74,703
mainly Net result for the year (+€41,093) and Tax, wage and social debts (+€8,126)
- Receivables within one year +€8,676
up €8,676 (+5515.4%), from €157 to €8,833
of which Trade receivables: +€8,833
- Tangible fixed assets -€880
down €880 (-22.7%), from €3,883 to €3,003
- Reserves +€41,000
up €41,000 (+157.7%), from €26,000 to €67,000
- Tax, wage and social debts +€8,126
up €8,126 (+116.2%), from €6,995 to €15,121
of which Taxes: +€8,126
- Other debts -€1,788
down €1,788 (-43.3%), from €4,130 to €2,342
- Trade debts +€1,122
up €1,122 (+863.4%), from €130 to €1,252
- Gross operating margin +€38,986
up €38,986 (+286.6%), from €13,602 to €52,588
- Taxes +€7,828
up €7,828 (+267.2%), from €2,930 to €10,758
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 | €37,985 | €86,539 | +€48,554 | +127.8% |
| Fixed assets | 21/28 | €3,883 | €3,003 | -€880 | -22.7% |
| Tangible fixed assets | 22/27 | €3,883 | €3,003 | -€880 | -22.7% |
| Other tangible fixed assets | 26 | €3,883 | €3,003 | -€880 | -22.7% |
| Current assets | 29/58 | €34,102 | €83,536 | +€49,434 | +145.0% |
| Amounts receivable within one year | 40/41 | €157 | €8,833 | +€8,676 | +5515.4% |
| Trade receivables | 40 | €0 | €8,833 | +€8,833 | |
| Other amounts receivable | 41 | €157 | - | -€157 | |
| Cash at bank and in hand | 54/58 | €33,945 | €74,703 | +€40,758 | +120.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €37,985 | €86,539 | +€48,554 | +127.8% |
| Equity | 10/15 | €26,730 | €67,823 | +€41,093 | +153.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €26,000 | €67,000 | +€41,000 | +157.7% |
| Distributable reserves | 133 | €26,000 | €67,000 | +€41,000 | +157.7% |
| Profit (loss) carried forward | 14 | €630 | €723 | +€93 | +14.7% |
| Amounts payable | 17/49 | €11,255 | €18,716 | +€7,461 | +66.3% |
| Amounts payable within one year | 42/48 | €11,255 | €18,716 | +€7,461 | +66.3% |
| Trade debts | 44 | €130 | €1,252 | +€1,122 | +863.4% |
| Suppliers | 440/4 | €130 | €1,252 | +€1,122 | +863.4% |
| Taxes, remuneration and social security | 45 | €6,995 | €15,121 | +€8,126 | +116.2% |
| Taxes | 450/3 | €6,995 | €15,121 | +€8,126 | +116.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,130 | €2,342 | -€1,788 | -43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €517 | €880 | +€363 | +70.2% |
| Gross operating margin | 9900 | €13,602 | €52,588 | +€38,986 | +286.6% |
| Operating profit (loss) | 9901 | €13,085 | €51,708 | +€38,623 | +295.2% |
| Financial income | 75/76B | €103 | €189 | +€86 | +83.2% |
| Recurring financial income | 75 | €103 | €189 | +€86 | +83.2% |
| Financial charges | 65/66B | €10 | €46 | +€36 | +381.0% |
| Recurring financial charges | 65 | €10 | €46 | +€36 | +381.0% |
| Profit (loss) for the period before taxes | 9903 | €13,178 | €51,851 | +€38,673 | +293.5% |
| Income taxes | 67/77 | €2,930 | €10,758 | +€7,828 | +267.2% |
| Profit (loss) for the period | 9904 | €10,248 | €41,093 | +€30,845 | +301.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,248 | €41,093 | +€30,845 | +301.0% |
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 10 October 2026 via checked.be.