PM AVOCATE: what changed
Two fiscal 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.
PM AVOCATE
Largest movements
- Cash +€34,915
up €34,915 (+80.6%), from €43,323 to €78,237
mainly Net result for the year (+€38,095) and Trade debts (+€1,704)
- Receivables within one year +€3,626
up €3,626 (+31.4%), from €11,531 to €15,158
- Profit (loss) carried forward +€38,095
up €38,095 (+93.8%), from €40,612 to €78,707
- Trade debts +€1,704
new in 2025: €1,704
- Other debts -€1,492
down €1,492 (-88.1%), from €1,694 to €202
- Gross operating margin -€3,741
down €3,741 (-7.2%), from €52,037 to €48,296
- Taxes -€902
down €902 (-8.6%), from €10,500 to €9,598
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.
Cash bridge derived
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 | €54,854 | €93,395 | +€38,541 | +70.3% |
| Current assets | 29/58 | €54,854 | €93,395 | +€38,541 | +70.3% |
| Amounts receivable within one year | 40/41 | €11,531 | €15,158 | +€3,626 | +31.4% |
| Trade receivables | 40 | €11,531 | €15,158 | +€3,626 | +31.4% |
| Cash at bank and in hand | 54/58 | €43,323 | €78,237 | +€34,915 | +80.6% |
| Total equity and liabilities | 10/49 | €54,854 | €93,395 | +€38,541 | +70.3% |
| Equity | 10/15 | €45,612 | €83,707 | +€38,095 | +83.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,612 | €78,707 | +€38,095 | +93.8% |
| Amounts payable | 17/49 | €9,242 | €9,688 | +€446 | +4.8% |
| Amounts payable within one year | 42/48 | €9,242 | €9,688 | +€446 | +4.8% |
| Trade debts | 44 | - | €1,704 | +€1,704 | |
| Suppliers | 440/4 | - | €1,704 | +€1,704 | |
| Taxes, remuneration and social security | 45 | €7,548 | €7,782 | +€234 | +3.1% |
| Taxes | 450/3 | €7,548 | €7,782 | +€234 | +3.1% |
| Other amounts payable | 47/48 | €1,694 | €202 | -€1,492 | -88.1% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €52,037 | €48,296 | -€3,741 | -7.2% |
| Operating profit (loss) | 9901 | €51,265 | €47,896 | -€3,369 | -6.6% |
| Financial charges | 65/66B | €153 | €204 | +€51 | +33.1% |
| Recurring financial charges | 65 | €153 | €204 | +€51 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €51,112 | €47,692 | -€3,420 | -6.7% |
| Income taxes | 67/77 | €10,500 | €9,598 | -€902 | -8.6% |
| Profit (loss) for the period | 9904 | €40,612 | €38,095 | -€2,518 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,612 | €38,095 | -€2,518 | -6.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.