SEFA 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.
SEFA AVOCAT
Largest movements
- Cash +€31,775
up €31,775 (+41.1%), from €77,404 to €109,179
mainly Net result for the year (+€35,306) and Tax, wage and social debts (+€7,142)
- Receivables within one year +€10,608
up €10,608 (+308%), from €3,446 to €14,053
of which Other amounts receivable: +€10,640
- Profit (loss) carried forward +€35,306
up €35,306 (+45.6%), from €77,347 to €112,654
- Tax, wage and social debts +€7,142
up €7,142 (+251%), from €2,850 to €9,992
- Gross operating margin -€8,726
down €8,726 (-15.1%), from €57,823 to €49,097
- Taxes +€907
up €907 (+7.7%), from €11,788 to €12,695
- Depreciation +€654
up €654 (+146%), from €449 to €1,103
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 | €83,793 | €125,073 | +€41,280 | +49.3% |
| Fixed assets | 21/28 | €2,943 | €1,840 | -€1,103 | -37.5% |
| Tangible fixed assets | 22/27 | €2,943 | €1,840 | -€1,103 | -37.5% |
| Furniture and vehicles | 24 | €2,943 | €1,840 | -€1,103 | -37.5% |
| Current assets | 29/58 | €80,850 | €123,233 | +€42,383 | +52.4% |
| Amounts receivable within one year | 40/41 | €3,446 | €14,053 | +€10,608 | +308% |
| Trade receivables | 40 | €267 | €234 | -€33 | -12.2% |
| Other amounts receivable | 41 | €3,179 | €13,819 | +€10,640 | +335% |
| Cash at bank and in hand | 54/58 | €77,404 | €109,179 | +€31,775 | +41.1% |
| Total equity and liabilities | 10/49 | €83,793 | €125,073 | +€41,280 | +49.3% |
| Equity | 10/15 | €78,847 | €114,154 | +€35,306 | +44.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,347 | €112,654 | +€35,306 | +45.6% |
| Amounts payable | 17/49 | €4,946 | €10,919 | +€5,973 | +121% |
| Amounts payable within one year | 42/48 | €4,946 | €10,919 | +€5,973 | +121% |
| Trade debts | 44 | €1,237 | €926 | -€310 | -25.1% |
| Suppliers | 440/4 | €1,237 | €926 | -€310 | -25.1% |
| Taxes, remuneration and social security | 45 | €2,850 | €9,992 | +€7,142 | +251% |
| Taxes | 450/3 | €2,850 | €9,992 | +€7,142 | +251% |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €449 | €1,103 | +€654 | +146% |
| Other operating charges | 640/8 | €734 | €220 | -€514 | -70.0% |
| Gross operating margin | 9900 | €57,823 | €49,097 | -€8,726 | -15.1% |
| Operating profit (loss) | 9901 | €56,640 | €47,774 | -€8,866 | -15.7% |
| Financial income | 75/76B | €584 | €377 | -€206 | -35.3% |
| Recurring financial income | 75 | €584 | €377 | -€206 | -35.3% |
| Financial charges | 65/66B | €338 | €150 | -€188 | -55.7% |
| Recurring financial charges | 65 | €338 | €150 | -€188 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €56,886 | €48,002 | -€8,884 | -15.6% |
| Income taxes | 67/77 | €11,788 | €12,695 | +€907 | +7.7% |
| Profit (loss) for the period | 9904 | €45,098 | €35,306 | -€9,791 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,098 | €35,306 | -€9,791 | -21.7% |
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 24 October 2026 via checked.be.