LF AVOCATS: 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.
LF AVOCATS
Largest movements
- Cash +€43,599
up €43,599 (+19.8%), from €219,934 to €263,534
mainly Net result for the year (+€133,673) and Other debts (+€84,050)
- Receivables within one year +€18,567
up €18,567 (+5.6%), from €328,682 to €347,249
of which Trade receivables: +€27,062
- Intangible fixed assets -€15,000
down €15,000 (-50.0%), from €29,982 to €14,982
- Other debts +€84,050
up €84,050 (+50.3%), from €167,134 to €251,184
- Trade debts -€15,889
down €15,889 (-12.5%), from €127,014 to €111,125
- Debts after one year -€15,404
down €15,404 (-74.9%), from €20,573 to €5,169
- Tax, wage and social debts -€9,854
down €9,854 (-55.9%), from €17,642 to €7,788
of which Taxes: -€7,060
- Taxes -€12,292
down €12,292 (-79.3%), from €15,497 to €3,204
- Other operating charges +€10,262
up €10,262 (+2,649%), from €387 to €10,649
- Write-downs -€8,557
down €8,557 (-48.7%), from €17,555 to €8,998
- Gross operating margin -€5,924
down €5,924 (-2.6%), from €231,439 to €225,516
- Staff costs -€4,473
down €4,473 (-8.0%), from €55,905 to €51,432
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 | €587,774 | €633,604 | +€45,831 | +7.8% |
| Fixed assets | 21/28 | €37,024 | €21,441 | -€15,583 | -42.1% |
| Intangible fixed assets | 21 | €29,982 | €14,982 | -€15,000 | -50.0% |
| Tangible fixed assets | 22/27 | €6,782 | €6,199 | -€583 | -8.6% |
| Furniture and vehicles | 24 | €5,383 | €5,242 | -€141 | -2.6% |
| Other tangible fixed assets | 26 | €1,399 | €958 | -€442 | -31.6% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €550,749 | €612,164 | +€61,414 | +11.2% |
| Amounts receivable within one year | 40/41 | €328,682 | €347,249 | +€18,567 | +5.6% |
| Trade receivables | 40 | €267,643 | €294,705 | +€27,062 | +10.1% |
| Other amounts receivable | 41 | €61,038 | €52,544 | -€8,495 | -13.9% |
| Cash at bank and in hand | 54/58 | €219,934 | €263,534 | +€43,599 | +19.8% |
| Deferred charges and accrued income | 490/1 | €2,133 | €1,381 | -€752 | -35.3% |
| Total equity and liabilities | 10/49 | €587,774 | €633,604 | +€45,831 | +7.8% |
| Equity | 10/15 | €240,160 | €242,934 | +€2,774 | +1.2% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €1,050 | €151 | -€899 | -85.6% |
| Non-distributable reserves | 130/1 | €30 | €30 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30 | €30 | = | 0.0% |
| Distributable reserves | 133 | €1,020 | €121 | -€899 | -88.2% |
| Profit (loss) carried forward | 14 | €238,510 | €242,183 | +€3,674 | +1.5% |
| Amounts payable | 17/49 | €347,614 | €390,671 | +€43,056 | +12.4% |
| Amounts payable after more than one year | 17 | €20,573 | €5,169 | -€15,404 | -74.9% |
| Financial debts | 170/4 | €20,573 | €5,169 | -€15,404 | -74.9% |
| Amounts payable within one year | 42/48 | €327,041 | €385,502 | +€58,461 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €15,250 | €15,404 | +€154 | +1.0% |
| Trade debts | 44 | €127,014 | €111,125 | -€15,889 | -12.5% |
| Suppliers | 440/4 | €127,014 | €111,125 | -€15,889 | -12.5% |
| Taxes, remuneration and social security | 45 | €17,642 | €7,788 | -€9,854 | -55.9% |
| Taxes | 450/3 | €10,124 | €3,064 | -€7,060 | -69.7% |
| Remuneration and social security | 454/9 | €7,518 | €4,725 | -€2,794 | -37.2% |
| Other amounts payable | 47/48 | €167,134 | €251,184 | +€84,050 | +50.3% |
| Non-recurring operating income | 76A | €193 | - | -€193 | |
| Remuneration, social security and pensions | 62 | €55,905 | €51,432 | -€4,473 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,870 | €19,583 | +€713 | +3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,555 | €8,998 | -€8,557 | -48.7% |
| Other operating charges | 640/8 | €387 | €10,649 | +€10,262 | +2,649% |
| Gross operating margin | 9900 | €231,439 | €225,516 | -€5,924 | -2.6% |
| Operating profit (loss) | 9901 | €138,722 | €134,853 | -€3,868 | -2.8% |
| Financial income | 75/76B | €20 | €2,789 | +€2,769 | +13,816% |
| Recurring financial income | 75 | €20 | €2,789 | +€2,769 | +13,816% |
| Financial charges | 65/66B | €2,466 | €764 | -€1,701 | -69.0% |
| Recurring financial charges | 65 | €2,466 | €764 | -€1,701 | -69.0% |
| Profit (loss) for the period before taxes | 9903 | €136,276 | €136,878 | +€602 | +0.4% |
| Income taxes | 67/77 | €15,497 | €3,204 | -€12,292 | -79.3% |
| Profit (loss) for the period | 9904 | €120,779 | €133,673 | +€12,894 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €120,779 | €133,673 | +€12,894 | +10.7% |
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.