S.PALATE AVOCAT: what changed
S.PALATE AVOCAT
Largest movements
- Intangible fixed assets -€23,000
down €23,000 (-16.7%), from €138,000 to €115,000
- Cash -€20,756
down €20,756 (-22.7%), from €91,437 to €70,682
mainly Contributions, distributions and other (-€50,000) and Debts after one year (-€13,902)
- Receivables within one year -€9,232
down €9,232 (-20.3%), from €45,458 to €36,227
- Tangible fixed assets -€3,834
down €3,834 (-43.0%), from €8,926 to €5,092
- Profit (loss) carried forward -€24,497
down €24,497 (-17.0%), from €143,712 to €119,215
- Debts after one year -€13,902
down €13,902 (-47.7%), from €29,161 to €15,260
- Other debts -€9,521
down €9,521 (-13.9%), from €68,357 to €58,836
- Tax, wage and social debts -€4,572
down €4,572 (-24.5%), from €18,644 to €14,072
- Accrued charges and deferred income -€4,448
no longer reported in 2025 (was €4,448)
- Gross operating margin -€10,240
down €10,240 (-13.5%), from €75,618 to €65,378
- Financial charges -€4,360
down €4,360 (-83.0%), from €5,254 to €894
- Taxes -€1,448
down €1,448 (-15.4%), from €9,421 to €7,973
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 | €284,442 | €227,662 | -€56,780 | -20.0% |
| Fixed assets | 21/28 | €146,926 | €120,092 | -€26,834 | -18.3% |
| Intangible fixed assets | 21 | €138,000 | €115,000 | -€23,000 | -16.7% |
| Tangible fixed assets | 22/27 | €8,926 | €5,092 | -€3,834 | -43.0% |
| Furniture and vehicles | 24 | €8,926 | €5,092 | -€3,834 | -43.0% |
| Current assets | 29/58 | €137,516 | €107,570 | -€29,946 | -21.8% |
| Amounts receivable within one year | 40/41 | €45,458 | €36,227 | -€9,232 | -20.3% |
| Trade receivables | 40 | €45,458 | €36,227 | -€9,232 | -20.3% |
| Cash at bank and in hand | 54/58 | €91,437 | €70,682 | -€20,756 | -22.7% |
| Deferred charges and accrued income | 490/1 | €621 | €661 | +€41 | +6.6% |
| Total equity and liabilities | 10/49 | €284,442 | €227,662 | -€56,780 | -20.0% |
| Equity | 10/15 | €148,712 | €124,215 | -€24,497 | -16.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,712 | €119,215 | -€24,497 | -17.0% |
| Amounts payable | 17/49 | €135,730 | €103,447 | -€32,283 | -23.8% |
| Amounts payable after more than one year | 17 | €29,161 | €15,260 | -€13,902 | -47.7% |
| Financial debts | 170/4 | €29,161 | €15,260 | -€13,902 | -47.7% |
| Amounts payable within one year | 42/48 | €102,121 | €88,187 | -€13,934 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €13,727 | €13,902 | +€175 | +1.3% |
| Trade debts | 44 | €1,393 | €1,377 | -€15 | -1.1% |
| Suppliers | 440/4 | €1,393 | €1,377 | -€15 | -1.1% |
| Taxes, remuneration and social security | 45 | €18,644 | €14,072 | -€4,572 | -24.5% |
| Taxes | 450/3 | €18,644 | €14,072 | -€4,572 | -24.5% |
| Other amounts payable | 47/48 | €68,357 | €58,836 | -€9,521 | -13.9% |
| Accrued charges and deferred income | 492/3 | €4,448 | - | -€4,448 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,440 | €29,640 | +€200 | +0.7% |
| Other operating charges | 640/8 | €1,952 | €1,406 | -€546 | -28.0% |
| Gross operating margin | 9900 | €75,618 | €65,378 | -€10,240 | -13.5% |
| Operating profit (loss) | 9901 | €44,226 | €34,331 | -€9,894 | -22.4% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €5,254 | €894 | -€4,360 | -83.0% |
| Recurring financial charges | 65 | €5,254 | €894 | -€4,360 | -83.0% |
| Profit (loss) for the period before taxes | 9903 | €38,972 | €33,476 | -€5,496 | -14.1% |
| Income taxes | 67/77 | €9,421 | €7,973 | -€1,448 | -15.4% |
| Profit (loss) for the period | 9904 | €29,551 | €25,503 | -€4,048 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,551 | €25,503 | -€4,048 | -13.7% |
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.