JFM 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.
JFM AVOCAT
Largest movements
- Intangible fixed assets -€30,000
down €30,000 (-100%), from €30,000 to €0
- Cash -€16,349
down €16,349 (-17.1%), from €95,873 to €79,524
mainly Contributions, distributions and other (-€71,000) and Current portion of long-term debt (-€25,549)
- Current investments +€10,000
new in 2025: €10,000
- Receivables within one year -€9,895
down €9,895 (-60.0%), from €16,487 to €6,592
of which Trade receivables: -€9,658
- Current portion of long-term debt -€25,549
down €25,549 (-83.2%), from €30,705 to €5,156
- Other debts -€8,668
down €8,668 (-10.8%), from €80,000 to €71,332
- Tax, wage and social debts -€6,490
down €6,490 (-30.5%), from €21,294 to €14,804
- Debts after one year -€5,156
no longer reported in 2025 (was €5,156)
- Gross operating margin -€9,086
down €9,086 (-6.8%), from €132,664 to €123,578
- Taxes -€3,971
down €3,971 (-17.4%), from €22,780 to €18,809
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 | €143,417 | €96,834 | -€46,583 | -32.5% |
| Fixed assets | 21/28 | €30,937 | €599 | -€30,339 | -98.1% |
| Intangible fixed assets | 21 | €30,000 | €0 | -€30,000 | -100% |
| Tangible fixed assets | 22/27 | €937 | €599 | -€339 | -36.1% |
| Furniture and vehicles | 24 | €937 | €599 | -€339 | -36.1% |
| Current assets | 29/58 | €112,480 | €96,235 | -€16,245 | -14.4% |
| Amounts receivable within one year | 40/41 | €16,487 | €6,592 | -€9,895 | -60.0% |
| Trade receivables | 40 | €16,249 | €6,592 | -€9,658 | -59.4% |
| Other amounts receivable | 41 | €238 | - | -€238 | |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €95,873 | €79,524 | -€16,349 | -17.1% |
| Deferred charges and accrued income | 490/1 | €120 | €120 | = | 0.0% |
| Total equity and liabilities | 10/49 | €143,417 | €96,834 | -€46,583 | -32.5% |
| Equity | 10/15 | €3,398 | €3,497 | +€99 | +2.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €398 | €497 | +€99 | +24.8% |
| Amounts payable | 17/49 | €140,019 | €93,337 | -€46,682 | -33.3% |
| Amounts payable after more than one year | 17 | €5,156 | - | -€5,156 | |
| Financial debts | 170/4 | €5,156 | - | -€5,156 | |
| Amounts payable within one year | 42/48 | €134,797 | €93,137 | -€41,660 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €30,705 | €5,156 | -€25,549 | -83.2% |
| Trade debts | 44 | €2,799 | €1,846 | -€953 | -34.1% |
| Suppliers | 440/4 | €2,799 | €1,846 | -€953 | -34.1% |
| Taxes, remuneration and social security | 45 | €21,294 | €14,804 | -€6,490 | -30.5% |
| Taxes | 450/3 | €21,294 | €14,804 | -€6,490 | -30.5% |
| Other amounts payable | 47/48 | €80,000 | €71,332 | -€8,668 | -10.8% |
| Accrued charges and deferred income | 492/3 | €66 | €199 | +€134 | +203% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,079 | €30,339 | +€260 | +0.9% |
| Other operating charges | 640/8 | €837 | €1,600 | +€763 | +91.2% |
| Gross operating margin | 9900 | €132,664 | €123,578 | -€9,086 | -6.8% |
| Operating profit (loss) | 9901 | €101,749 | €91,639 | -€10,109 | -9.9% |
| Financial income | 75/76B | €211 | - | -€211 | |
| Recurring financial income | 75 | €211 | - | -€211 | |
| Financial charges | 65/66B | €2,115 | €1,732 | -€383 | -18.1% |
| Recurring financial charges | 65 | €2,115 | €1,732 | -€383 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €99,845 | €89,908 | -€9,938 | -10.0% |
| Income taxes | 67/77 | €22,780 | €18,809 | -€3,971 | -17.4% |
| Profit (loss) for the period | 9904 | €77,065 | €71,099 | -€5,966 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,065 | €71,099 | -€5,966 | -7.7% |
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 24 October 2026 via checked.be.