JP ADVOCAAT: 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.
JP ADVOCAAT
Largest movements
- Receivables within one year +€145,711
up €145,711 (+485%), from €30,064 to €175,774
of which Other amounts receivable: +€138,581
- Current investments -€29,961
down €29,961 (-100%), from €29,961 to €0
- Deferred charges and accrued income -€5,267
down €5,267 (-78.7%), from €6,692 to €1,425
- Tangible fixed assets -€3,304
down €3,304 (-16.9%), from €19,595 to €16,291
of which Furniture and vehicles: -€6,597
- Reserves +€99,711
up €99,711 (+5,361%), from €1,860 to €101,571
of which Distributable reserves: +€101,571
- Tax, wage and social debts +€18,791
up €18,791 (+145%), from €12,931 to €31,723
of which Taxes: +€18,791
- Current portion of long-term debt -€16,494
down €16,494 (-75.9%), from €21,744 to €5,249
- Short-term financial debts +€6,142
up €6,142 (+30.0%), from €20,478 to €26,619
- Debts after one year -€5,249
down €5,249 (-62.4%), from €8,419 to €3,169
- Gross operating margin +€116,161
up €116,161 (+160%), from €72,395 to €188,556
- Taxes +€32,074
up €32,074 (+176%), from €18,181 to €50,255
- Depreciation +€3,864
up €3,864 (+73.2%), from €5,279 to €9,143
- Financial income +€1,922
up €1,922 (+28.7%), from €6,695 to €8,617
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 | €187,062 | €294,098 | +€107,036 | +57.2% |
| Fixed assets | 21/28 | €19,595 | €16,291 | -€3,304 | -16.9% |
| Tangible fixed assets | 22/27 | €19,595 | €16,291 | -€3,304 | -16.9% |
| Plant, machinery and equipment | 23 | €3,363 | €6,656 | +€3,293 | +97.9% |
| Furniture and vehicles | 24 | €16,232 | €9,635 | -€6,597 | -40.6% |
| Current assets | 29/58 | €167,467 | €277,807 | +€110,340 | +65.9% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,064 | €175,774 | +€145,711 | +485% |
| Trade receivables | 40 | €5,341 | €12,471 | +€7,130 | +133% |
| Other amounts receivable | 41 | €24,722 | €163,303 | +€138,581 | +561% |
| Current investments | 50/53 | €29,961 | €0 | -€29,961 | -100% |
| Cash at bank and in hand | 54/58 | €750 | €607 | -€143 | -19.0% |
| Deferred charges and accrued income | 490/1 | €6,692 | €1,425 | -€5,267 | -78.7% |
| Total equity and liabilities | 10/49 | €187,062 | €294,098 | +€107,036 | +57.2% |
| Equity | 10/15 | €122,216 | €221,927 | +€99,711 | +81.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €101,571 | +€99,711 | +5,361% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €0 | €101,571 | +€101,571 | |
| Profit (loss) carried forward | 14 | €107,956 | €107,956 | = | 0.0% |
| Amounts payable | 17/49 | €64,846 | €72,170 | +€7,325 | +11.3% |
| Amounts payable after more than one year | 17 | €8,419 | €3,169 | -€5,249 | -62.4% |
| Financial debts | 170/4 | €8,419 | €3,169 | -€5,249 | -62.4% |
| Amounts payable within one year | 42/48 | €56,427 | €69,001 | +€12,574 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €21,744 | €5,249 | -€16,494 | -75.9% |
| Financial debts | 43 | €20,478 | €26,619 | +€6,142 | +30.0% |
| Credit institutions | 430/8 | €20,478 | €26,619 | +€6,142 | +30.0% |
| Trade debts | 44 | €1,275 | €5,410 | +€4,135 | +324% |
| Suppliers | 440/4 | €1,275 | €5,410 | +€4,135 | +324% |
| Taxes, remuneration and social security | 45 | €12,931 | €31,723 | +€18,791 | +145% |
| Taxes | 450/3 | €12,931 | €31,723 | +€18,791 | +145% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,581 | - | -€1,581 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,279 | €9,143 | +€3,864 | +73.2% |
| Other operating charges | 640/8 | €1,454 | €1,347 | -€107 | -7.4% |
| Non-recurring operating charges | 66A | - | €29,961 | +€29,961 | |
| Gross operating margin | 9900 | €72,395 | €188,556 | +€116,161 | +160% |
| Operating profit (loss) | 9901 | €64,081 | €148,105 | +€84,024 | +131% |
| Financial income | 75/76B | €6,695 | €8,617 | +€1,922 | +28.7% |
| Recurring financial income | 75 | €6,695 | €8,617 | +€1,922 | +28.7% |
| Financial charges | 65/66B | €6,762 | €6,755 | -€7 | -0.1% |
| Recurring financial charges | 65 | €6,762 | €6,755 | -€7 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €64,014 | €149,966 | +€85,953 | +134% |
| Income taxes | 67/77 | €18,181 | €50,255 | +€32,074 | +176% |
| Profit (loss) for the period | 9904 | €45,833 | €99,711 | +€53,879 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €45,833 | €99,711 | +€53,879 | +118% |
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.