PML- 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.
PML- AVOCAT
Largest movements
- Financial fixed assets -€426,600
down €426,600 (-72.9%), from €585,178 to €158,578
- Receivables within one year -€139,539
down €139,539 (-58.5%), from €238,431 to €98,892
of which Other amounts receivable: -€139,354
- Cash +€72,981
up €72,981 (+21.3%), from €342,428 to €415,408
mainly Investment in fixed assets (net) (+€425,305) and Net result for the year (+€176,374)
- Current investments -€18,911
down €18,911 (-4.7%), from €400,000 to €381,089
- Tangible fixed assets -€18,412
down €18,412 (-9.6%), from €192,025 to €173,613
of which Furniture and vehicles: -€13,454
- Reserves -€574,420
down €574,420 (-38.4%), from €1.5m to €921,839
- Other debts +€44,570
new in 2025: €44,570
- Gross operating margin -€22,077
down €22,077 (-8.1%), from €273,437 to €251,360
- Financial income -€9,081
down €9,081 (-30.0%), from €30,307 to €21,227
of which Financial income: -€9,717
- Taxes -€8,029
down €8,029 (-9.7%), from €82,405 to €74,376
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 | €1,760,311 | €1,229,970 | -€530,341 | -30.1% |
| Fixed assets | 21/28 | €777,203 | €332,191 | -€445,012 | -57.3% |
| Tangible fixed assets | 22/27 | €192,025 | €173,613 | -€18,412 | -9.6% |
| Furniture and vehicles | 24 | €46,775 | €33,321 | -€13,454 | -28.8% |
| Other tangible fixed assets | 26 | €145,250 | €140,292 | -€4,958 | -3.4% |
| Financial fixed assets | 28 | €585,178 | €158,578 | -€426,600 | -72.9% |
| Current assets | 29/58 | €983,108 | €897,779 | -€85,329 | -8.7% |
| Amounts receivable within one year | 40/41 | €238,431 | €98,892 | -€139,539 | -58.5% |
| Trade receivables | 40 | €585 | €400 | -€185 | -31.6% |
| Other amounts receivable | 41 | €237,846 | €98,492 | -€139,354 | -58.6% |
| Current investments | 50/53 | €400,000 | €381,089 | -€18,911 | -4.7% |
| Cash at bank and in hand | 54/58 | €342,428 | €415,408 | +€72,981 | +21.3% |
| Deferred charges and accrued income | 490/1 | €2,249 | €2,389 | +€140 | +6.2% |
| Total equity and liabilities | 10/49 | €1,760,311 | €1,229,970 | -€530,341 | -30.1% |
| Equity | 10/15 | €1,755,620 | €1,181,274 | -€574,346 | -32.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,496,259 | €921,839 | -€574,420 | -38.4% |
| Distributable reserves | 133 | €1,496,259 | €921,839 | -€574,420 | -38.4% |
| Profit (loss) carried forward | 14 | €246,961 | €247,035 | +€74 | 0.0% |
| Amounts payable | 17/49 | €4,691 | €48,696 | +€44,005 | +938% |
| Amounts payable within one year | 42/48 | €4,691 | €48,696 | +€44,005 | +938% |
| Trade debts | 44 | €1,067 | €309 | -€758 | -71.1% |
| Suppliers | 440/4 | €1,067 | €309 | -€758 | -71.1% |
| Taxes, remuneration and social security | 45 | €3,624 | €3,817 | +€193 | +5.3% |
| Taxes | 450/3 | €3,624 | €3,817 | +€193 | +5.3% |
| Other amounts payable | 47/48 | - | €44,570 | +€44,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,682 | €19,707 | +€25 | +0.1% |
| Other operating charges | 640/8 | €1,979 | €2,022 | +€43 | +2.2% |
| Gross operating margin | 9900 | €273,437 | €251,360 | -€22,077 | -8.1% |
| Operating profit (loss) | 9901 | €251,776 | €229,631 | -€22,145 | -8.8% |
| Financial income | 75/76B | €30,307 | €21,227 | -€9,081 | -30.0% |
| Recurring financial income | 75 | €27,516 | €17,800 | -€9,717 | -35.3% |
| Non-recurring financial income | 76B | €2,791 | €3,427 | +€636 | +22.8% |
| Financial charges | 65/66B | €726 | €108 | -€618 | -85.1% |
| Recurring financial charges | 65 | €726 | €108 | -€618 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | €281,357 | €250,750 | -€30,608 | -10.9% |
| Income taxes | 67/77 | €82,405 | €74,376 | -€8,029 | -9.7% |
| Profit (loss) for the period | 9904 | €198,953 | €176,374 | -€22,579 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €198,953 | €176,374 | -€22,579 | -11.3% |
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 20 October 2026 via checked.be.