Katrien Dupré Advocaat: what changed
Katrien Dupré Advocaat
Largest movements
- Receivables within one year +€31,817
up €31,817 (+460%), from €6,920 to €38,737
of which Other amounts receivable: +€32,405
- Cash +€28,367
up €28,367 (+102%), from €27,813 to €56,181
mainly Net result for the year (+€59,803) and Other debts (+€13,676)
- Tangible fixed assets +€7,053
up €7,053 (+527%), from €1,337 to €8,391
- Reserves +€75,547
up €75,547 (+92.5%), from €81,636 to €157,183
- Profit (loss) carried forward -€33,743
no longer reported in 2025 (was €33,743)
- Other debts +€13,676
up €13,676 (+316%), from €4,324 to €18,000
- Tax, wage and social debts +€11,549
up €11,549 (+136%), from €8,518 to €20,068
- Gross operating margin +€34,688
up €34,688 (+71.0%), from €48,890 to €83,579
- Taxes +€8,802
up €8,802 (+72.6%), from €12,128 to €20,929
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,071 | €200,311 | +€69,240 | +52.8% |
| Fixed assets | 21/28 | €1,337 | €8,391 | +€7,053 | +527% |
| Tangible fixed assets | 22/27 | €1,337 | €8,391 | +€7,053 | +527% |
| Land and buildings | 22 | - | €2,120 | +€2,120 | |
| Plant, machinery and equipment | 23 | - | €2,216 | +€2,216 | |
| Furniture and vehicles | 24 | €1,337 | €4,054 | +€2,716 | +203% |
| Current assets | 29/58 | €129,734 | €191,921 | +€62,187 | +47.9% |
| Amounts receivable within one year | 40/41 | €6,920 | €38,737 | +€31,817 | +460% |
| Trade receivables | 40 | €6,920 | €6,332 | -€589 | -8.5% |
| Other amounts receivable | 41 | - | €32,405 | +€32,405 | |
| Current investments | 50/53 | €95,000 | €95,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,813 | €56,181 | +€28,367 | +102% |
| Deferred charges and accrued income | 490/1 | - | €2,003 | +€2,003 | |
| Total equity and liabilities | 10/49 | €131,071 | €200,311 | +€69,240 | +52.8% |
| Equity | 10/15 | €117,880 | €159,683 | +€41,803 | +35.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €81,636 | €157,183 | +€75,547 | +92.5% |
| Distributable reserves | 133 | €81,636 | €157,183 | +€75,547 | +92.5% |
| Profit (loss) carried forward | 14 | €33,743 | - | -€33,743 | |
| Amounts payable | 17/49 | €13,191 | €40,628 | +€27,437 | +208% |
| Amounts payable within one year | 42/48 | €12,842 | €39,425 | +€26,583 | +207% |
| Trade debts | 44 | - | €1,357 | +€1,357 | |
| Suppliers | 440/4 | - | €1,357 | +€1,357 | |
| Taxes, remuneration and social security | 45 | €8,518 | €20,068 | +€11,549 | +136% |
| Taxes | 450/3 | €8,518 | €20,068 | +€11,549 | +136% |
| Other amounts payable | 47/48 | €4,324 | €18,000 | +€13,676 | +316% |
| Accrued charges and deferred income | 492/3 | €349 | €1,203 | +€854 | +245% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €963 | €1,016 | +€52 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €486 | +€486 | |
| Other operating charges | 640/8 | €711 | €698 | -€13 | -1.8% |
| Gross operating margin | 9900 | €48,890 | €83,579 | +€34,688 | +71.0% |
| Operating profit (loss) | 9901 | €47,216 | €81,379 | +€34,163 | +72.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,345 | €646 | -€699 | -52.0% |
| Recurring financial charges | 65 | €1,345 | €646 | -€699 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | €45,871 | €80,733 | +€34,862 | +76.0% |
| Income taxes | 67/77 | €12,128 | €20,929 | +€8,802 | +72.6% |
| Profit (loss) for the period | 9904 | €33,743 | €59,803 | +€26,060 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,743 | €59,803 | +€26,060 | +77.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.