MS 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.
MS Avocat
Largest movements
- Cash -€193,435
down €193,435 (-69.8%), from €277,242 to €83,807
mainly Other debts (-€169,499) and Contributions, distributions and other (-€104,270)
- Receivables within one year +€9,257
up €9,257 (+30.6%), from €30,205 to €39,462
of which Trade receivables: +€12,903
- Tangible fixed assets +€3,998
new in 2025: €3,998
- Other debts -€169,499
down €169,499 (-61.9%), from €273,769 to €104,270
- Tax, wage and social debts -€10,035
down €10,035 (-37.6%), from €26,684 to €16,649
of which Taxes: -€12,535
- Gross operating margin +€26,209
up €26,209 (+24.6%), from €106,692 to €132,901
- Taxes +€6,407
up €6,407 (+28.4%), from €22,555 to €28,962
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 | €308,212 | €128,525 | -€179,687 | -58.3% |
| Fixed assets | 21/28 | - | €3,998 | +€3,998 | |
| Tangible fixed assets | 22/27 | - | €3,998 | +€3,998 | |
| Furniture and vehicles | 24 | - | €3,998 | +€3,998 | |
| Current assets | 29/58 | €308,212 | €124,527 | -€183,685 | -59.6% |
| Amounts receivable within one year | 40/41 | €30,205 | €39,462 | +€9,257 | +30.6% |
| Trade receivables | 40 | €26,020 | €38,923 | +€12,903 | +49.6% |
| Other amounts receivable | 41 | €4,185 | €539 | -€3,646 | -87.1% |
| Cash at bank and in hand | 54/58 | €277,242 | €83,807 | -€193,435 | -69.8% |
| Deferred charges and accrued income | 490/1 | €764 | €1,258 | +€493 | +64.5% |
| Total equity and liabilities | 10/49 | €308,212 | €128,525 | -€179,687 | -58.3% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €303,212 | €123,525 | -€179,687 | -59.3% |
| Amounts payable within one year | 42/48 | €303,053 | €123,506 | -€179,547 | -59.2% |
| Trade debts | 44 | €2,599 | €2,586 | -€13 | -0.5% |
| Suppliers | 440/4 | €2,599 | €2,586 | -€13 | -0.5% |
| Taxes, remuneration and social security | 45 | €26,684 | €16,649 | -€10,035 | -37.6% |
| Taxes | 450/3 | €26,684 | €14,149 | -€12,535 | -47.0% |
| Remuneration and social security | 454/9 | €0 | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €273,769 | €104,270 | -€169,499 | -61.9% |
| Accrued charges and deferred income | 492/3 | €159 | €19 | -€140 | -87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €326 | +€326 | |
| Other operating charges | 640/8 | €566 | €583 | +€18 | +3.1% |
| Gross operating margin | 9900 | €106,692 | €132,901 | +€26,209 | +24.6% |
| Operating profit (loss) | 9901 | €106,127 | €131,992 | +€25,865 | +24.4% |
| Financial income | 75/76B | €1,946 | €1,405 | -€541 | -27.8% |
| Recurring financial income | 75 | €1,946 | €1,405 | -€541 | -27.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €261 | €165 | -€97 | -37.0% |
| Recurring financial charges | 65 | €261 | €165 | -€97 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €107,812 | €133,232 | +€25,421 | +23.6% |
| Income taxes | 67/77 | €22,555 | €28,962 | +€6,407 | +28.4% |
| Profit (loss) for the period | 9904 | €85,257 | €104,270 | +€19,014 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €85,257 | €104,270 | +€19,014 | +22.3% |
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 16 October 2026 via checked.be.