JT 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.
JT AVOCAT
Largest movements
- Receivables within one year +€177,827
up €177,827 (+60.1%), from €295,853 to €473,680
of which Trade receivables: +€167,768
- Tangible fixed assets +€49,235
up €49,235 (+126%), from €38,960 to €88,196
of which Furniture and vehicles: +€52,783
- Cash -€15,031
down €15,031 (-24.2%), from €62,105 to €47,074
mainly Contributions, distributions and other (-€313,000) and Receivables within one year (-€177,827)
- Other debts +€109,876
up €109,876 (+40.6%), from €270,618 to €380,493
- Debts after one year +€60,756
up €60,756 (+669%), from €9,083 to €69,840
- Tax, wage and social debts +€57,475
up €57,475 (+92.0%), from €62,499 to €119,974
- Current portion of long-term debt -€14,328
down €14,328 (-34.9%), from €41,080 to €26,753
- Gross operating margin +€169,841
up €169,841 (+63.2%), from €268,536 to €438,377
- Taxes +€48,189
up €48,189 (+81.5%), from €59,122 to €107,312
- Depreciation -€6,006
down €6,006 (-28.5%), from €21,041 to €15,035
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 | €409,224 | €620,808 | +€211,584 | +51.7% |
| Fixed assets | 21/28 | €47,985 | €97,221 | +€49,235 | +103% |
| Tangible fixed assets | 22/27 | €38,960 | €88,196 | +€49,235 | +126% |
| Plant, machinery and equipment | 23 | €346 | €95 | -€251 | -72.7% |
| Furniture and vehicles | 24 | €26,413 | €79,196 | +€52,783 | +200% |
| Other tangible fixed assets | 26 | €12,201 | €8,905 | -€3,296 | -27.0% |
| Financial fixed assets | 28 | €9,025 | €9,025 | = | 0.0% |
| Current assets | 29/58 | €361,239 | €523,587 | +€162,348 | +44.9% |
| Amounts receivable within one year | 40/41 | €295,853 | €473,680 | +€177,827 | +60.1% |
| Trade receivables | 40 | €272,432 | €440,200 | +€167,768 | +61.6% |
| Other amounts receivable | 41 | €23,421 | €33,480 | +€10,059 | +42.9% |
| Cash at bank and in hand | 54/58 | €62,105 | €47,074 | -€15,031 | -24.2% |
| Deferred charges and accrued income | 490/1 | €3,282 | €2,833 | -€448 | -13.7% |
| Total equity and liabilities | 10/49 | €409,224 | €620,808 | +€211,584 | +51.7% |
| Equity | 10/15 | €20,564 | €20,630 | +€66 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104 | €170 | +€66 | +63.0% |
| Amounts payable | 17/49 | €388,660 | €600,178 | +€211,518 | +54.4% |
| Amounts payable after more than one year | 17 | €9,083 | €69,840 | +€60,756 | +669% |
| Financial debts | 170/4 | €9,083 | €69,840 | +€60,756 | +669% |
| Amounts payable within one year | 42/48 | €377,594 | €529,061 | +€151,468 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | €41,080 | €26,753 | -€14,328 | -34.9% |
| Trade debts | 44 | €3,397 | €1,841 | -€1,556 | -45.8% |
| Suppliers | 440/4 | €3,397 | €1,841 | -€1,556 | -45.8% |
| Taxes, remuneration and social security | 45 | €62,499 | €119,974 | +€57,475 | +92.0% |
| Taxes | 450/3 | €62,499 | €119,974 | +€57,475 | +92.0% |
| Other amounts payable | 47/48 | €270,618 | €380,493 | +€109,876 | +40.6% |
| Accrued charges and deferred income | 492/3 | €1,983 | €1,277 | -€706 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,041 | €15,035 | -€6,006 | -28.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €268,536 | €438,377 | +€169,841 | +63.2% |
| Operating profit (loss) | 9901 | €247,107 | €422,942 | +€175,835 | +71.2% |
| Financial income | 75/76B | €920 | €1,158 | +€237 | +25.8% |
| Recurring financial income | 75 | €920 | €1,158 | +€237 | +25.8% |
| Financial charges | 65/66B | €1,842 | €3,722 | +€1,881 | +102% |
| Recurring financial charges | 65 | €1,842 | €3,722 | +€1,881 | +102% |
| Profit (loss) for the period before taxes | 9903 | €246,186 | €420,378 | +€174,192 | +70.8% |
| Income taxes | 67/77 | €59,122 | €107,312 | +€48,189 | +81.5% |
| Profit (loss) for the period | 9904 | €187,063 | €313,066 | +€126,002 | +67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €187,063 | €313,066 | +€126,002 | +67.4% |
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 23 October 2026 via checked.be.