NVD 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.
NVD AVOCAT
Largest movements
- Cash -€30,275
down €30,275 (-99.8%), from €30,342 to €67
mainly Receivables within one year (-€11,946) and Tax, wage and social debts (-€8,213)
- Receivables within one year +€11,946
up €11,946 (+360%), from €3,316 to €15,263
of which Trade receivables: +€11,689
- Deferred charges and accrued income -€479
down €479 (-23.4%), from €2,047 to €1,569
- Tax, wage and social debts -€8,213
down €8,213 (-76.2%), from €10,777 to €2,565
- Profit (loss) carried forward -€8,113
down €8,113 (-29.3%), from €27,654 to €19,541
- Trade debts -€2,293
down €2,293 (-97.8%), from €2,345 to €52
- Gross operating margin -€25,643
down €25,643, from €21,681 to -€3,962
- Taxes -€5,399
down €5,399 (-97.6%), from €5,531 to €132
- Depreciation +€1,247
up €1,247 (+56.6%), from €2,202 to €3,449
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 | €43,776 | €25,158 | -€18,618 | -42.5% |
| Fixed assets | 21/28 | €8,070 | €8,259 | +€189 | +2.3% |
| Tangible fixed assets | 22/27 | €8,070 | €8,259 | +€189 | +2.3% |
| Furniture and vehicles | 24 | €8,070 | €8,259 | +€189 | +2.3% |
| Current assets | 29/58 | €35,706 | €16,899 | -€18,807 | -52.7% |
| Amounts receivable within one year | 40/41 | €3,316 | €15,263 | +€11,946 | +360% |
| Trade receivables | 40 | €2,062 | €13,751 | +€11,689 | +567% |
| Other amounts receivable | 41 | €1,254 | €1,512 | +€258 | +20.5% |
| Cash at bank and in hand | 54/58 | €30,342 | €67 | -€30,275 | -99.8% |
| Deferred charges and accrued income | 490/1 | €2,047 | €1,569 | -€479 | -23.4% |
| Total equity and liabilities | 10/49 | €43,776 | €25,158 | -€18,618 | -42.5% |
| Equity | 10/15 | €30,154 | €22,041 | -€8,113 | -26.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,654 | €19,541 | -€8,113 | -29.3% |
| Amounts payable | 17/49 | €13,622 | €3,117 | -€10,505 | -77.1% |
| Amounts payable within one year | 42/48 | €13,122 | €2,617 | -€10,505 | -80.1% |
| Trade debts | 44 | €2,345 | €52 | -€2,293 | -97.8% |
| Suppliers | 440/4 | €2,345 | €52 | -€2,293 | -97.8% |
| Taxes, remuneration and social security | 45 | €10,777 | €2,565 | -€8,213 | -76.2% |
| Taxes | 450/3 | €10,777 | €2,565 | -€8,213 | -76.2% |
| 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 | €2,202 | €3,449 | +€1,247 | +56.6% |
| Other operating charges | 640/8 | €566 | €584 | +€17 | +3.1% |
| Gross operating margin | 9900 | €21,681 | -€3,962 | -€25,643 | |
| Operating profit (loss) | 9901 | €18,912 | -€7,995 | -€26,907 | |
| Financial income | 75/76B | €70 | €46 | -€24 | -34.4% |
| Recurring financial income | 75 | €70 | €46 | -€24 | -34.4% |
| Financial charges | 65/66B | €44 | €32 | -€12 | -27.5% |
| Recurring financial charges | 65 | €44 | €32 | -€12 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €18,939 | -€7,981 | -€26,920 | |
| Income taxes | 67/77 | €5,531 | €132 | -€5,399 | -97.6% |
| Profit (loss) for the period | 9904 | €13,408 | -€8,113 | -€21,521 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,408 | -€8,113 | -€21,521 |
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 18 October 2026 via checked.be.