R20 AVOCAT: what changed
R20 AVOCAT
Largest movements
- Receivables within one year +€19,951
up €19,951 (+117%), from €17,091 to €37,042
of which Other amounts receivable: +€19,951
- Cash +€5,680
up €5,680 (+40.1%), from €14,148 to €19,828
mainly Net result for the year (+€39,095) and Depreciation (+€23)
- Reserves +€39,095
up €39,095 (+179%), from €21,899 to €60,994
- Tax, wage and social debts -€6,864
down €6,864 (-31.8%), from €21,558 to €14,694
of which Remuneration and social security: -€4,300
- Trade debts -€5,495
down €5,495 (-88.8%), from €6,190 to €695
- Gross operating margin +€36,791
up €36,791 (+204%), from €18,066 to €54,858
- Taxes +€10,591
up €10,591 (+174%), from €6,094 to €16,685
- Other operating charges -€622
down €622 (-64.8%), from €960 to €338
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,967 | €93,703 | +€26,736 | +39.9% |
| Fixed assets | 21/28 | €43 | €879 | +€836 | +1,929% |
| Tangible fixed assets | 22/27 | €0 | €836 | +€836 | |
| Furniture and vehicles | 24 | €0 | €836 | +€836 | |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €66,923 | €92,824 | +€25,900 | +38.7% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,091 | €37,042 | +€19,951 | +117% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €17,091 | €37,042 | +€19,951 | +117% |
| Cash at bank and in hand | 54/58 | €14,148 | €19,828 | +€5,680 | +40.1% |
| Deferred charges and accrued income | 490/1 | €684 | €953 | +€269 | +39.3% |
| Total equity and liabilities | 10/49 | €66,967 | €93,703 | +€26,736 | +39.9% |
| Equity | 10/15 | €39,219 | €78,314 | +€39,095 | +99.7% |
| Contributions | 10/11 | €17,320 | €17,320 | = | 0.0% |
| Reserves | 13 | €21,899 | €60,994 | +€39,095 | +179% |
| Distributable reserves | 133 | €21,899 | €60,994 | +€39,095 | +179% |
| Amounts payable | 17/49 | €27,748 | €15,389 | -€12,359 | -44.5% |
| Amounts payable within one year | 42/48 | €27,748 | €15,389 | -€12,359 | -44.5% |
| Trade debts | 44 | €6,190 | €695 | -€5,495 | -88.8% |
| Suppliers | 440/4 | €6,190 | €695 | -€5,495 | -88.8% |
| Taxes, remuneration and social security | 45 | €21,558 | €14,694 | -€6,864 | -31.8% |
| Taxes | 450/3 | €17,258 | €14,694 | -€2,564 | -14.9% |
| Remuneration and social security | 454/9 | €4,300 | €0 | -€4,300 | -100% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8 | €23 | +€15 | +204% |
| Other operating charges | 640/8 | €960 | €338 | -€622 | -64.8% |
| Gross operating margin | 9900 | €18,066 | €54,858 | +€36,791 | +204% |
| Operating profit (loss) | 9901 | €17,098 | €54,497 | +€37,398 | +219% |
| Financial income | 75/76B | €1,400 | €1,402 | +€2 | +0.1% |
| Recurring financial income | 75 | €1,400 | €1,402 | +€2 | +0.1% |
| Financial charges | 65/66B | €201 | €119 | -€82 | -41.0% |
| Recurring financial charges | 65 | €201 | €119 | -€82 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €18,297 | €55,780 | +€37,482 | +205% |
| Income taxes | 67/77 | €6,094 | €16,685 | +€10,591 | +174% |
| Profit (loss) for the period | 9904 | €12,203 | €39,095 | +€26,891 | +220% |
| Profit (loss) for the period to be appropriated | 9905 | €12,203 | €39,095 | +€26,891 | +220% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.