MU - 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.
MU - AVOCAT
Largest movements
- Receivables within one year -€53,279
down €53,279 (-28.9%), from €184,410 to €131,131
- Cash -€18,982
down €18,982 (-66.8%), from €28,432 to €9,450
mainly Other debts (-€54,458) and Net result for the year (-€31,337)
- Deferred charges and accrued income -€12,028
down €12,028 (-2.8%), from €433,833 to €421,804
- Tangible fixed assets -€11,889
down €11,889 (-25.4%), from €46,889 to €35,000
- Other debts -€54,458
no longer reported in 2025 (was €54,458)
- Profit (loss) carried forward -€31,337
down €31,337, from €1,073 to -€30,264
- Provisions -€24,365
down €24,365 (-4.4%), from €549,013 to €524,648
- Tax, wage and social debts +€11,399
up €11,399 (+111%), from €10,237 to €21,636
- Provisions +€27,887
up €27,887 (+137%), from €20,339 to €48,226
- Financial charges +€25,959
up €25,959 (+195%), from €13,342 to €39,301
- Gross operating margin +€19,348
up €19,348 (+31.9%), from €60,666 to €80,013
- Depreciation +€6,769
up €6,769 (+132%), from €5,120 to €11,889
- Taxes -€5,554
down €5,554 (-89.9%), from €6,178 to €625
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 | €697,191 | €601,012 | -€96,179 | -13.8% |
| Fixed assets | 21/28 | €50,516 | €38,627 | -€11,889 | -23.5% |
| Tangible fixed assets | 22/27 | €46,889 | €35,000 | -€11,889 | -25.4% |
| Furniture and vehicles | 24 | €46,889 | €35,000 | -€11,889 | -25.4% |
| Financial fixed assets | 28 | €3,627 | €3,627 | = | 0.0% |
| Current assets | 29/58 | €646,675 | €562,385 | -€84,289 | -13.0% |
| Amounts receivable within one year | 40/41 | €184,410 | €131,131 | -€53,279 | -28.9% |
| Other amounts receivable | 41 | €184,410 | €131,131 | -€53,279 | -28.9% |
| Cash at bank and in hand | 54/58 | €28,432 | €9,450 | -€18,982 | -66.8% |
| Deferred charges and accrued income | 490/1 | €433,833 | €421,804 | -€12,028 | -2.8% |
| Total equity and liabilities | 10/49 | €697,191 | €601,012 | -€96,179 | -13.8% |
| Equity | 10/15 | €54,996 | €23,658 | -€31,337 | -57.0% |
| Contributions | 10/11 | €39,923 | €39,923 | = | 0.0% |
| Reserves | 13 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,073 | -€30,264 | -€31,337 | |
| Provisions and deferred taxes | 16 | €549,013 | €524,648 | -€24,365 | -4.4% |
| Provisions for liabilities and charges | 160/5 | €549,013 | €524,648 | -€24,365 | -4.4% |
| Pensions and similar obligations | 160 | €549,013 | €524,648 | -€24,365 | -4.4% |
| Amounts payable | 17/49 | €93,182 | €52,706 | -€40,476 | -43.4% |
| Amounts payable within one year | 42/48 | €68,542 | €27,852 | -€40,690 | -59.4% |
| Trade debts | 44 | €3,847 | €6,216 | +€2,369 | +61.6% |
| Suppliers | 440/4 | €3,847 | €6,216 | +€2,369 | +61.6% |
| Taxes, remuneration and social security | 45 | €10,237 | €21,636 | +€11,399 | +111% |
| Taxes | 450/3 | €10,237 | €21,636 | +€11,399 | +111% |
| Other amounts payable | 47/48 | €54,458 | - | -€54,458 | |
| Accrued charges and deferred income | 492/3 | €24,640 | €24,854 | +€214 | +0.9% |
| Remuneration, social security and pensions | 62 | - | €5,545 | +€5,545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,120 | €11,889 | +€6,769 | +132% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €20,339 | €48,226 | +€27,887 | +137% |
| Other operating charges | 640/8 | €613 | €5,764 | +€5,151 | +840% |
| Gross operating margin | 9900 | €60,666 | €80,013 | +€19,348 | +31.9% |
| Operating profit (loss) | 9901 | €34,593 | €8,588 | -€26,005 | -75.2% |
| Financial charges | 65/66B | €13,342 | €39,301 | +€25,959 | +195% |
| Recurring financial charges | 65 | €13,342 | €39,301 | +€25,959 | +195% |
| Profit (loss) for the period before taxes | 9903 | €21,251 | -€30,712 | -€51,964 | |
| Income taxes | 67/77 | €6,178 | €625 | -€5,554 | -89.9% |
| Profit (loss) for the period | 9904 | €15,073 | -€31,337 | -€46,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,073 | -€31,337 | -€46,410 |
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.