NK 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.
NK AVOCAT
Largest movements
- Cash +€55,926
up €55,926 (+155%), from €36,051 to €91,977
mainly Net result for the year (+€46,856) and Receivables after one year (+€12,500)
- Receivables after one year -€12,500
no longer reported in 2025 (was €12,500)
- Receivables within one year -€8,849
down €8,849 (-22.7%), from €39,023 to €30,174
of which Trade receivables: -€8,975
- Reserves +€34,356
up €34,356 (+50.7%), from €67,728 to €102,083
- Gross operating margin +€45,420
up €45,420 (+276%), from €16,454 to €61,874
- Taxes +€7,871
up €7,871 (+150%), from €5,264 to €13,136
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 | €87,574 | €123,219 | +€35,645 | +40.7% |
| Fixed assets | 21/28 | - | €1,068 | +€1,068 | |
| Tangible fixed assets | 22/27 | - | €1,068 | +€1,068 | |
| Furniture and vehicles | 24 | - | €1,068 | +€1,068 | |
| Current assets | 29/58 | €87,574 | €122,151 | +€34,577 | +39.5% |
| Amounts receivable after more than one year | 29 | €12,500 | - | -€12,500 | |
| Other amounts receivable | 291 | €12,500 | - | -€12,500 | |
| Amounts receivable within one year | 40/41 | €39,023 | €30,174 | -€8,849 | -22.7% |
| Trade receivables | 40 | €24,822 | €15,847 | -€8,975 | -36.2% |
| Other amounts receivable | 41 | €14,202 | €14,328 | +€126 | +0.9% |
| Cash at bank and in hand | 54/58 | €36,051 | €91,977 | +€55,926 | +155% |
| Total equity and liabilities | 10/49 | €87,574 | €123,219 | +€35,645 | +40.7% |
| Equity | 10/15 | €70,728 | €105,083 | +€34,356 | +48.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €67,728 | €102,083 | +€34,356 | +50.7% |
| Distributable reserves | 133 | €67,728 | €102,083 | +€34,356 | +50.7% |
| Amounts payable | 17/49 | €16,847 | €18,136 | +€1,289 | +7.7% |
| Amounts payable within one year | 42/48 | €16,847 | €18,136 | +€1,289 | +7.7% |
| Trade debts | 44 | €572 | €265 | -€307 | -53.6% |
| Suppliers | 440/4 | €572 | €265 | -€307 | -53.6% |
| Taxes, remuneration and social security | 45 | €3,582 | €4,352 | +€770 | +21.5% |
| Taxes | 450/3 | €3,582 | €4,352 | +€770 | +21.5% |
| Other amounts payable | 47/48 | €12,693 | €13,519 | +€825 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €128 | +€128 | |
| Other operating charges | 640/8 | €1,692 | €1,510 | -€182 | -10.8% |
| Gross operating margin | 9900 | €16,454 | €61,874 | +€45,420 | +276% |
| Operating profit (loss) | 9901 | €14,762 | €60,236 | +€45,474 | +308% |
| Financial income | 75/76B | €26 | €50 | +€24 | +89.4% |
| Recurring financial income | 75 | €26 | €50 | +€24 | +89.4% |
| Financial charges | 65/66B | €312 | €295 | -€17 | -5.5% |
| Recurring financial charges | 65 | €312 | €295 | -€17 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €14,477 | €59,991 | +€45,515 | +314% |
| Income taxes | 67/77 | €5,264 | €13,136 | +€7,871 | +150% |
| Profit (loss) for the period | 9904 | €9,212 | €46,856 | +€37,643 | +409% |
| Profit (loss) for the period to be appropriated | 9905 | €9,212 | €46,856 | +€37,643 | +409% |
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 19 October 2026 via checked.be.