R. 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.
R. Avocat
Largest movements
- Receivables within one year +€205,329
up €205,329 (+52.0%), from €394,505 to €599,834
of which Trade receivables: +€205,027
- Tangible fixed assets -€28,319
down €28,319 (-34.9%), from €81,258 to €52,939
of which Furniture and vehicles: -€19,804
- Cash +€26,661
up €26,661 (+31.2%), from €85,488 to €112,149
mainly Net result for the year (+€664,415) and Other debts (+€300,162)
- Other debts +€300,162
up €300,162 (+4,944%), from €6,071 to €306,233
- Tax, wage and social debts -€68,583
down €68,583 (-24.5%), from €279,686 to €211,103
of which Taxes: -€71,911
- Profit (loss) carried forward -€35,585
down €35,585 (-19.5%), from €182,711 to €147,126
- Accrued charges and deferred income +€11,056
new in 2025: €11,056
- Gross operating margin +€380,353
up €380,353 (+65.9%), from €577,604 to €957,957
- Taxes +€87,748
up €87,748 (+64.9%), from €135,147 to €222,895
- Financial income -€20,164
down €20,164 (-100%), from €20,164 to €0
- Financial charges +€16,732
up €16,732 (+335%), from €4,994 to €21,726
- Staff costs +€15,856
up €15,856 (+83.4%), from €19,016 to €34,872
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 | €569,402 | €772,684 | +€203,282 | +35.7% |
| Fixed assets | 21/28 | €86,306 | €57,987 | -€28,319 | -32.8% |
| Tangible fixed assets | 22/27 | €81,258 | €52,939 | -€28,319 | -34.9% |
| Furniture and vehicles | 24 | €29,662 | €9,858 | -€19,804 | -66.8% |
| Other tangible fixed assets | 26 | €51,596 | €43,081 | -€8,515 | -16.5% |
| Financial fixed assets | 28 | €5,048 | €5,048 | = | 0.0% |
| Current assets | 29/58 | €483,096 | €714,697 | +€231,600 | +47.9% |
| Amounts receivable within one year | 40/41 | €394,505 | €599,834 | +€205,329 | +52.0% |
| Trade receivables | 40 | €394,505 | €599,532 | +€205,027 | +52.0% |
| Other amounts receivable | 41 | €0 | €302 | +€302 | |
| Cash at bank and in hand | 54/58 | €85,488 | €112,149 | +€26,661 | +31.2% |
| Deferred charges and accrued income | 490/1 | €3,103 | €2,714 | -€389 | -12.5% |
| Total equity and liabilities | 10/49 | €569,402 | €772,684 | +€203,282 | +35.7% |
| Equity | 10/15 | €203,171 | €167,586 | -€35,585 | -17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,711 | €147,126 | -€35,585 | -19.5% |
| Amounts payable | 17/49 | €366,231 | €605,098 | +€238,867 | +65.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €366,231 | €594,042 | +€227,811 | +62.2% |
| Current portion of amounts payable after more than one year | 42 | €68,536 | €67,763 | -€772 | -1.1% |
| Trade debts | 44 | €11,938 | €8,943 | -€2,995 | -25.1% |
| Suppliers | 440/4 | €11,938 | €8,943 | -€2,995 | -25.1% |
| Taxes, remuneration and social security | 45 | €279,686 | €211,103 | -€68,583 | -24.5% |
| Taxes | 450/3 | €277,312 | €205,400 | -€71,911 | -25.9% |
| Remuneration and social security | 454/9 | €2,374 | €5,703 | +€3,328 | +140% |
| Other amounts payable | 47/48 | €6,071 | €306,233 | +€300,162 | +4,944% |
| Accrued charges and deferred income | 492/3 | - | €11,056 | +€11,056 | |
| Non-recurring operating income | 76A | €2,137 | €11,573 | +€9,436 | +442% |
| Remuneration, social security and pensions | 62 | €19,016 | €34,872 | +€15,856 | +83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,737 | €11,491 | -€13,245 | -53.5% |
| Other operating charges | 640/8 | €473 | €2,557 | +€2,084 | +440% |
| Gross operating margin | 9900 | €577,604 | €957,957 | +€380,353 | +65.9% |
| Operating profit (loss) | 9901 | €533,378 | €909,036 | +€375,658 | +70.4% |
| Financial income | 75/76B | €20,164 | €0 | -€20,164 | -100% |
| Recurring financial income | 75 | €20,164 | €0 | -€20,164 | -100% |
| Financial charges | 65/66B | €4,994 | €21,726 | +€16,732 | +335% |
| Recurring financial charges | 65 | €4,994 | €21,726 | +€16,732 | +335% |
| Profit (loss) for the period before taxes | 9903 | €548,547 | €887,310 | +€338,762 | +61.8% |
| Income taxes | 67/77 | €135,147 | €222,895 | +€87,748 | +64.9% |
| Profit (loss) for the period | 9904 | €413,400 | €664,415 | +€251,015 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €413,400 | €664,415 | +€251,015 | +60.7% |
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 21 October 2026 via checked.be.