KARINE TOBBACK, 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.
KARINE TOBBACK, Advocaat
Largest movements
- Cash +€27,266
up €27,266 (+84.1%), from €32,432 to €59,698
mainly Other debts (+€59,251) and Net result for the year (+€27,393)
- Tangible fixed assets -€17,382
down €17,382 (-18.2%), from €95,256 to €77,874
of which Furniture and vehicles: -€15,268
- Deferred charges and accrued income +€2,043
up €2,043 (+93.9%), from €2,175 to €4,217
- Other debts +€59,251
up €59,251 (+348%), from €17,012 to €76,263
- Reserves -€44,927
down €44,927 (-42.7%), from €105,196 to €60,270
of which Distributable reserves: -€44,927
- Gross operating margin -€3,156
down €3,156 (-5.0%), from €63,529 to €60,373
- Taxes -€756
down €756 (-5.0%), from €15,263 to €14,507
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 | €153,069 | €165,653 | +€12,584 | +8.2% |
| Fixed assets | 21/28 | €98,353 | €81,171 | -€17,182 | -17.5% |
| Tangible fixed assets | 22/27 | €95,256 | €77,874 | -€17,382 | -18.2% |
| Land and buildings | 22 | €64,468 | €62,453 | -€2,015 | -3.1% |
| Plant, machinery and equipment | 23 | €176 | €77 | -€99 | -56.3% |
| Furniture and vehicles | 24 | €30,612 | €15,344 | -€15,268 | -49.9% |
| Financial fixed assets | 28 | €3,097 | €3,297 | +€200 | +6.5% |
| Current assets | 29/58 | €54,716 | €84,482 | +€29,766 | +54.4% |
| Amounts receivable within one year | 40/41 | €20,110 | €20,567 | +€457 | +2.3% |
| Trade receivables | 40 | €18,240 | €16,906 | -€1,334 | -7.3% |
| Other amounts receivable | 41 | €1,870 | €3,661 | +€1,791 | +95.8% |
| Cash at bank and in hand | 54/58 | €32,432 | €59,698 | +€27,266 | +84.1% |
| Deferred charges and accrued income | 490/1 | €2,175 | €4,217 | +€2,043 | +93.9% |
| Total equity and liabilities | 10/49 | €153,069 | €165,653 | +€12,584 | +8.2% |
| Equity | 10/15 | €123,796 | €78,870 | -€44,927 | -36.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,196 | €60,270 | -€44,927 | -42.7% |
| Tax-exempt reserves | 132 | €129 | €129 | = | 0.0% |
| Distributable reserves | 133 | €105,067 | €60,140 | -€44,927 | -42.8% |
| Provisions and deferred taxes | 16 | €7,762 | €7,762 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,762 | €7,762 | = | 0.0% |
| Pensions and similar obligations | 160 | €7,762 | €7,762 | = | 0.0% |
| Amounts payable | 17/49 | €21,511 | €79,021 | +€57,510 | +267% |
| Amounts payable within one year | 42/48 | €21,511 | €79,021 | +€57,510 | +267% |
| Trade debts | 44 | €1,736 | €251 | -€1,485 | -85.5% |
| Suppliers | 440/4 | €1,736 | €251 | -€1,485 | -85.5% |
| Taxes, remuneration and social security | 45 | €2,763 | €2,507 | -€256 | -9.3% |
| Taxes | 450/3 | €2,763 | €2,507 | -€256 | -9.3% |
| Other amounts payable | 47/48 | €17,012 | €76,263 | +€59,251 | +348% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,928 | €17,382 | -€547 | -3.0% |
| Other operating charges | 640/8 | €1,151 | €941 | -€210 | -18.3% |
| Gross operating margin | 9900 | €63,529 | €60,373 | -€3,156 | -5.0% |
| Operating profit (loss) | 9901 | €44,449 | €42,050 | -€2,399 | -5.4% |
| Financial income | 75/76B | €0 | €5 | +€5 | +3,025% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +3,025% |
| Financial charges | 65/66B | €156 | €156 | -€0 | -0.2% |
| Recurring financial charges | 65 | €156 | €156 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €44,294 | €41,900 | -€2,394 | -5.4% |
| Income taxes | 67/77 | €15,263 | €14,507 | -€756 | -5.0% |
| Profit (loss) for the period | 9904 | €29,031 | €27,393 | -€1,638 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,031 | €27,393 | -€1,638 | -5.6% |
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 18 October 2026 via checked.be.