HS 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.
HS AVOCATS
Largest movements
- Financial fixed assets +€119,000
up €119,000 (+56.2%), from €211,773 to €330,773
- Cash -€76,525
no longer reported in 2024 (was €76,525)
mainly Investment in fixed assets (net) (-€128,225) and Receivables within one year (-€72,741)
- Receivables within one year +€72,741
up €72,741 (+67.5%), from €107,739 to €180,480
of which Trade receivables: +€75,903
- Tangible fixed assets -€19,200
down €19,200 (-4.7%), from €409,321 to €390,121
of which Plant, machinery and equipment: -€16,202
- Other debts +€143,312
up €143,312 (+93.1%), from €153,951 to €297,263
- Debts after one year -€40,216
down €40,216 (-7.9%), from €507,998 to €467,782
- Financial charges +€6,742
up €6,742 (+50.7%), from €13,301 to €20,043
- Financial income -€3,083
down €3,083 (-58.3%), from €5,288 to €2,204
- Depreciation +€1,681
up €1,681 (+6.3%), from €26,744 to €28,425
- Taxes -€1,647
down €1,647 (-34.7%), from €4,747 to €3,100
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €884,717 | €981,323 | +€96,605 | +10.9% |
| Fixed assets | 21/28 | €621,094 | €720,894 | +€99,800 | +16.1% |
| Tangible fixed assets | 22/27 | €409,321 | €390,121 | -€19,200 | -4.7% |
| Land and buildings | 22 | €252,448 | €250,371 | -€2,077 | -0.8% |
| Plant, machinery and equipment | 23 | €154,925 | €138,723 | -€16,202 | -10.5% |
| Furniture and vehicles | 24 | €1,948 | €1,027 | -€921 | -47.3% |
| Financial fixed assets | 28 | €211,773 | €330,773 | +€119,000 | +56.2% |
| Current assets | 29/58 | €263,623 | €260,429 | -€3,195 | -1.2% |
| Amounts receivable after more than one year | 29 | €61,500 | €61,500 | = | 0.0% |
| Other amounts receivable | 291 | €61,500 | €61,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €107,739 | €180,480 | +€72,741 | +67.5% |
| Trade receivables | 40 | €87,920 | €163,823 | +€75,903 | +86.3% |
| Other amounts receivable | 41 | €19,819 | €16,657 | -€3,162 | -16.0% |
| Cash at bank and in hand | 54/58 | €76,525 | - | -€76,525 | |
| Deferred charges and accrued income | 490/1 | €17,860 | €18,449 | +€589 | +3.3% |
| Total equity and liabilities | 10/49 | €884,717 | €981,323 | +€96,605 | +10.9% |
| Equity | 10/15 | €120,531 | €123,890 | +€3,359 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,304 | €24,304 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,444 | €22,444 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,627 | €80,986 | +€3,359 | +4.3% |
| Amounts payable | 17/49 | €764,186 | €857,432 | +€93,246 | +12.2% |
| Amounts payable after more than one year | 17 | €507,998 | €467,782 | -€40,216 | -7.9% |
| Financial debts | 170/4 | €507,998 | €467,782 | -€40,216 | -7.9% |
| Amounts payable within one year | 42/48 | €256,189 | €389,651 | +€133,462 | +52.1% |
| Current portion of amounts payable after more than one year | 42 | €45,985 | €40,216 | -€5,769 | -12.5% |
| Financial debts | 43 | €25,000 | €32,915 | +€7,915 | +31.7% |
| Credit institutions | 430/8 | €25,000 | €32,915 | +€7,915 | +31.7% |
| Trade debts | 44 | €25,420 | €16,157 | -€9,263 | -36.4% |
| Suppliers | 440/4 | €25,420 | €16,157 | -€9,263 | -36.4% |
| Taxes, remuneration and social security | 45 | €5,833 | €3,100 | -€2,733 | -46.9% |
| Taxes | 450/3 | €5,833 | €3,100 | -€2,733 | -46.9% |
| Other amounts payable | 47/48 | €153,951 | €297,263 | +€143,312 | +93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,744 | €28,425 | +€1,681 | +6.3% |
| Other operating charges | 640/8 | €2,422 | €1,932 | -€491 | -20.3% |
| Non-recurring operating charges | 66A | €5,648 | - | -€5,648 | |
| Gross operating margin | 9900 | €54,707 | €54,655 | -€53 | -0.1% |
| Operating profit (loss) | 9901 | €19,892 | €24,298 | +€4,406 | +22.1% |
| Financial income | 75/76B | €5,288 | €2,204 | -€3,083 | -58.3% |
| Recurring financial income | 75 | €5,288 | €2,204 | -€3,083 | -58.3% |
| Financial charges | 65/66B | €13,301 | €20,043 | +€6,742 | +50.7% |
| Recurring financial charges | 65 | €13,301 | €20,043 | +€6,742 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | €11,879 | €6,459 | -€5,419 | -45.6% |
| Income taxes | 67/77 | €4,747 | €3,100 | -€1,647 | -34.7% |
| Profit (loss) for the period | 9904 | €7,132 | €3,359 | -€3,772 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,132 | €3,359 | -€3,772 | -52.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.