HAZARD 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.
HAZARD AVOCAT
Largest movements
- Cash +€44,944
up €44,944 (+77.1%), from €58,321 to €103,265
mainly Other debts (+€82,653) and Net result for the year (+€66,727)
- Other debts +€82,653
up €82,653 (+3,521%), from €2,347 to €85,000
- Profit (loss) carried forward -€33,273
down €33,273 (-28.8%), from €115,669 to €82,396
- Tax, wage and social debts +€20,148
up €20,148 (+345%), from €5,835 to €25,982
of which Taxes: +€20,154
- Debts after one year -€17,159
down €17,159 (-79.8%), from €21,501 to €4,341
- Trade debts -€4,925
down €4,925 (-77.1%), from €6,387 to €1,461
- Gross operating margin +€26,628
up €26,628 (+43.8%), from €60,782 to €87,410
- Taxes +€5,806
up €5,806 (+47.7%), from €12,184 to €17,990
- Financial charges +€1,291
up €1,291 (+97.8%), from €1,320 to €2,611
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 | €172,572 | €220,373 | +€47,801 | +27.7% |
| Fixed assets | 21/28 | €93,000 | €93,000 | = | 0.0% |
| Financial fixed assets | 28 | €93,000 | €93,000 | = | 0.0% |
| Current assets | 29/58 | €79,572 | €127,373 | +€47,801 | +60.1% |
| Amounts receivable within one year | 40/41 | €21,251 | €23,268 | +€2,017 | +9.5% |
| Trade receivables | 40 | €21,251 | €14,520 | -€6,731 | -31.7% |
| Other amounts receivable | 41 | - | €8,748 | +€8,748 | |
| Cash at bank and in hand | 54/58 | €58,321 | €103,265 | +€44,944 | +77.1% |
| Deferred charges and accrued income | 490/1 | - | €840 | +€840 | |
| Total equity and liabilities | 10/49 | €172,572 | €220,373 | +€47,801 | +27.7% |
| Equity | 10/15 | €119,669 | €86,396 | -€33,273 | -27.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,669 | €82,396 | -€33,273 | -28.8% |
| Amounts payable | 17/49 | €52,904 | €133,977 | +€81,073 | +153% |
| Amounts payable after more than one year | 17 | €21,501 | €4,341 | -€17,159 | -79.8% |
| Financial debts | 170/4 | €21,501 | €4,341 | -€17,159 | -79.8% |
| Amounts payable within one year | 42/48 | €31,403 | €129,603 | +€98,200 | +313% |
| Current portion of amounts payable after more than one year | 42 | €16,834 | €17,159 | +€325 | +1.9% |
| Trade debts | 44 | €6,387 | €1,461 | -€4,925 | -77.1% |
| Suppliers | 440/4 | €6,387 | €1,461 | -€4,925 | -77.1% |
| Taxes, remuneration and social security | 45 | €5,835 | €25,982 | +€20,148 | +345% |
| Taxes | 450/3 | €5,828 | €25,982 | +€20,154 | +346% |
| Remuneration and social security | 454/9 | €7 | - | -€7 | |
| Other amounts payable | 47/48 | €2,347 | €85,000 | +€82,653 | +3,521% |
| Accrued charges and deferred income | 492/3 | - | €32 | +€32 | |
| Other operating charges | 640/8 | €554 | €400 | -€154 | -27.8% |
| Gross operating margin | 9900 | €60,782 | €87,410 | +€26,628 | +43.8% |
| Operating profit (loss) | 9901 | €60,228 | €87,010 | +€26,782 | +44.5% |
| Financial income | 75/76B | - | €318 | +€318 | |
| Recurring financial income | 75 | - | €318 | +€318 | |
| Financial charges | 65/66B | €1,320 | €2,611 | +€1,291 | +97.8% |
| Recurring financial charges | 65 | €1,320 | €2,611 | +€1,291 | +97.8% |
| Profit (loss) for the period before taxes | 9903 | €58,908 | €84,717 | +€25,809 | +43.8% |
| Income taxes | 67/77 | €12,184 | €17,990 | +€5,806 | +47.7% |
| Profit (loss) for the period | 9904 | €46,724 | €66,727 | +€20,004 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,724 | €66,727 | +€20,004 | +42.8% |
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 13 October 2026 via checked.be.