GS 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.
GS AVOCAT
Largest movements
- Cash +€79,419
up €79,419 (+114%), from €69,466 to €148,885
mainly Other debts (+€92,957) and Net result for the year (+€59,470)
- Receivables within one year -€39,184
down €39,184 (-49.7%), from €78,798 to €39,614
of which Other amounts receivable: -€50,000
- Tangible fixed assets -€7,083
down €7,083 (-9.1%), from €78,206 to €71,123
of which Land and buildings: -€4,003
- Other debts +€92,957
up €92,957 (+102%), from €90,711 to €183,669
- Profit (loss) carried forward -€48,896
no longer reported in 2025 (was €48,896)
- Tax, wage and social debts -€4,361
down €4,361 (-21.6%), from €20,208 to €15,847
of which Taxes: -€7,117
- Gross operating margin +€18,959
up €18,959 (+30.1%), from €63,088 to €82,047
- Taxes +€5,004
up €5,004 (+42.7%), from €11,730 to €16,734
- Financial charges -€1,711
down €1,711 (-87.5%), from €1,956 to €245
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 | €228,125 | €260,870 | +€32,746 | +14.4% |
| Fixed assets | 21/28 | €78,206 | €71,123 | -€7,083 | -9.1% |
| Tangible fixed assets | 22/27 | €78,206 | €71,123 | -€7,083 | -9.1% |
| Land and buildings | 22 | €70,080 | €66,077 | -€4,003 | -5.7% |
| Furniture and vehicles | 24 | €5,263 | €3,231 | -€2,032 | -38.6% |
| Other tangible fixed assets | 26 | €2,863 | €1,815 | -€1,048 | -36.6% |
| Current assets | 29/58 | €149,919 | €189,747 | +€39,828 | +26.6% |
| Amounts receivable within one year | 40/41 | €78,798 | €39,614 | -€39,184 | -49.7% |
| Trade receivables | 40 | €28,528 | €39,344 | +€10,816 | +37.9% |
| Other amounts receivable | 41 | €50,270 | €270 | -€50,000 | -99.5% |
| Cash at bank and in hand | 54/58 | €69,466 | €148,885 | +€79,419 | +114% |
| Deferred charges and accrued income | 490/1 | €1,655 | €1,248 | -€407 | -24.6% |
| Total equity and liabilities | 10/49 | €228,125 | €260,870 | +€32,746 | +14.4% |
| Equity | 10/15 | €48,996 | €100 | -€48,896 | -99.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,896 | - | -€48,896 | |
| Amounts payable | 17/49 | €179,129 | €260,770 | +€81,642 | +45.6% |
| Amounts payable after more than one year | 17 | €60,918 | €58,389 | -€2,529 | -4.2% |
| Financial debts | 170/4 | €60,918 | €58,389 | -€2,529 | -4.2% |
| Amounts payable within one year | 42/48 | €118,210 | €202,381 | +€84,170 | +71.2% |
| Current portion of amounts payable after more than one year | 42 | €2,968 | €1,015 | -€1,953 | -65.8% |
| Trade debts | 44 | €3,839 | €1,850 | -€1,989 | -51.8% |
| Suppliers | 440/4 | €3,839 | €1,850 | -€1,989 | -51.8% |
| Advances received on contracts in progress | 46 | €483 | - | -€483 | |
| Taxes, remuneration and social security | 45 | €20,208 | €15,847 | -€4,361 | -21.6% |
| Taxes | 450/3 | €20,208 | €13,092 | -€7,117 | -35.2% |
| Remuneration and social security | 454/9 | - | €2,756 | +€2,756 | |
| Other amounts payable | 47/48 | €90,711 | €183,669 | +€92,957 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,943 | €7,083 | +€139 | +2.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €63,088 | €82,047 | +€18,959 | +30.1% |
| Operating profit (loss) | 9901 | €55,757 | €74,565 | +€18,808 | +33.7% |
| Financial income | 75/76B | €1,527 | €1,884 | +€357 | +23.4% |
| Recurring financial income | 75 | €1,527 | €1,884 | +€357 | +23.4% |
| Financial charges | 65/66B | €1,956 | €245 | -€1,711 | -87.5% |
| Recurring financial charges | 65 | €1,956 | €245 | -€1,711 | -87.5% |
| Profit (loss) for the period before taxes | 9903 | €55,329 | €76,205 | +€20,876 | +37.7% |
| Income taxes | 67/77 | €11,730 | €16,734 | +€5,004 | +42.7% |
| Profit (loss) for the period | 9904 | €43,599 | €59,470 | +€15,872 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,599 | €59,470 | +€15,872 | +36.4% |
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 27 October 2026 via checked.be.