MM 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.
MM AVOCAT
Largest movements
- Cash -€55,759
down €55,759 (-26.6%), from €209,679 to €153,920
mainly Contributions, distributions and other (-€401,315) and Other debts (-€42,277)
- Receivables within one year +€23,393
up €23,393 (+9.2%), from €254,269 to €277,662
of which Trade receivables: +€23,196
- Tangible fixed assets -€13,404
down €13,404 (-31.9%), from €42,028 to €28,624
- Other debts -€42,277
down €42,277 (-10.9%), from €386,202 to €343,925
- Current portion of long-term debt -€7,182
no longer reported in 2025 (was €7,182)
- Trade debts +€5,254
up €5,254 (+97.9%), from €5,369 to €10,622
- Gross operating margin -€58,882
down €58,882 (-9.7%), from €607,749 to €548,867
- Taxes -€14,540
down €14,540 (-10.1%), from €144,586 to €130,046
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 | €508,834 | €465,898 | -€42,936 | -8.4% |
| Fixed assets | 21/28 | €42,028 | €28,624 | -€13,404 | -31.9% |
| Tangible fixed assets | 22/27 | €42,028 | €28,624 | -€13,404 | -31.9% |
| Furniture and vehicles | 24 | €42,028 | €28,624 | -€13,404 | -31.9% |
| Current assets | 29/58 | €466,806 | €437,274 | -€29,532 | -6.3% |
| Amounts receivable after more than one year | 29 | €2,857 | €2,857 | = | 0.0% |
| Trade receivables | 290 | €2,857 | €2,857 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €254,269 | €277,662 | +€23,393 | +9.2% |
| Trade receivables | 40 | €254,269 | €277,465 | +€23,196 | +9.1% |
| Other amounts receivable | 41 | - | €197 | +€197 | |
| Cash at bank and in hand | 54/58 | €209,679 | €153,920 | -€55,759 | -26.6% |
| Deferred charges and accrued income | 490/1 | - | €2,835 | +€2,835 | |
| Total equity and liabilities | 10/49 | €508,834 | €465,898 | -€42,936 | -8.4% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €507,834 | €464,898 | -€42,936 | -8.5% |
| Amounts payable within one year | 42/48 | €507,834 | €464,898 | -€42,936 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €7,182 | - | -€7,182 | |
| Trade debts | 44 | €5,369 | €10,622 | +€5,254 | +97.9% |
| Suppliers | 440/4 | €5,369 | €10,622 | +€5,254 | +97.9% |
| Taxes, remuneration and social security | 45 | €109,082 | €110,350 | +€1,269 | +1.2% |
| Taxes | 450/3 | €109,082 | €110,350 | +€1,269 | +1.2% |
| Other amounts payable | 47/48 | €386,202 | €343,925 | -€42,277 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,329 | €15,504 | +€175 | +1.1% |
| Other operating charges | 640/8 | €132 | €703 | +€571 | +432% |
| Gross operating margin | 9900 | €607,749 | €548,867 | -€58,882 | -9.7% |
| Operating profit (loss) | 9901 | €592,287 | €532,660 | -€59,627 | -10.1% |
| Financial income | 75/76B | €1,093 | €810 | -€283 | -25.9% |
| Recurring financial income | 75 | €1,093 | €810 | -€283 | -25.9% |
| Financial charges | 65/66B | €2,592 | €2,108 | -€483 | -18.6% |
| Recurring financial charges | 65 | €2,592 | €2,108 | -€483 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €590,789 | €531,361 | -€59,428 | -10.1% |
| Income taxes | 67/77 | €144,586 | €130,046 | -€14,540 | -10.1% |
| Profit (loss) for the period | 9904 | €446,202 | €401,315 | -€44,887 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €446,202 | €401,315 | -€44,887 | -10.1% |
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 1 November 2026 via checked.be.