MARGAUX 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.
MARGAUX AVOCAT
Largest movements
- Receivables within one year -€3,902
down €3,902 (-4.5%), from €86,145 to €82,243
of which Other amounts receivable: -€9,975
- Profit (loss) carried forward -€4,803
down €4,803 (-5.6%), from €85,805 to €81,003
- Tax, wage and social debts +€1,768
up €1,768 (+21.1%), from €8,390 to €10,157
- Gross operating margin +€11,831
up €11,831 (+38.0%), from €31,104 to €42,935
- Taxes +€5,405
up €5,405 (+78.6%), from €6,877 to €12,282
- Financial income +€1,879
up €1,879 (+53.9%), from €3,485 to €5,364
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 | €96,890 | €93,660 | -€3,231 | -3.3% |
| Fixed assets | 21/28 | €189 | - | -€189 | |
| Tangible fixed assets | 22/27 | €189 | - | -€189 | |
| Furniture and vehicles | 24 | €189 | - | -€189 | |
| Current assets | 29/58 | €96,701 | €93,660 | -€3,041 | -3.1% |
| Amounts receivable within one year | 40/41 | €86,145 | €82,243 | -€3,902 | -4.5% |
| Trade receivables | 40 | - | €6,073 | +€6,073 | |
| Other amounts receivable | 41 | €86,145 | €76,171 | -€9,975 | -11.6% |
| Cash at bank and in hand | 54/58 | €10,556 | €11,118 | +€562 | +5.3% |
| Deferred charges and accrued income | 490/1 | - | €299 | +€299 | |
| Total equity and liabilities | 10/49 | €96,890 | €93,660 | -€3,231 | -3.3% |
| Equity | 10/15 | €87,805 | €83,003 | -€4,803 | -5.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,805 | €81,003 | -€4,803 | -5.6% |
| Amounts payable | 17/49 | €9,085 | €10,657 | +€1,572 | +17.3% |
| Amounts payable within one year | 42/48 | €8,585 | €10,157 | +€1,572 | +18.3% |
| Trade debts | 44 | €196 | - | -€196 | |
| Suppliers | 440/4 | €196 | - | -€196 | |
| Taxes, remuneration and social security | 45 | €8,390 | €10,157 | +€1,768 | +21.1% |
| Taxes | 450/3 | €8,390 | €10,157 | +€1,768 | +21.1% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €380 | €189 | -€190 | -50.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €31,104 | €42,935 | +€11,831 | +38.0% |
| Operating profit (loss) | 9901 | €30,337 | €42,346 | +€12,009 | +39.6% |
| Financial income | 75/76B | €3,485 | €5,364 | +€1,879 | +53.9% |
| Recurring financial income | 75 | €3,485 | €5,364 | +€1,879 | +53.9% |
| Financial charges | 65/66B | €188 | €231 | +€43 | +22.9% |
| Recurring financial charges | 65 | €188 | €231 | +€43 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €33,635 | €47,479 | +€13,844 | +41.2% |
| Income taxes | 67/77 | €6,877 | €12,282 | +€5,405 | +78.6% |
| Profit (loss) for the period | 9904 | €26,758 | €35,197 | +€8,439 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,758 | €35,197 | +€8,439 | +31.5% |
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 31 October 2026 via checked.be.