SP 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.
SP AVOCAT
Largest movements
- Receivables within one year -€12,485
down €12,485 (-78.7%), from €15,866 to €3,381
of which Other amounts receivable: -€11,221
- Cash +€3,017
up €3,017 (+5.8%), from €51,577 to €54,594
mainly Net result for the year (+€21,292) and Other debts (+€12,706)
- Tangible fixed assets +€2,411
up €2,411 (+63.9%), from €3,773 to €6,184
of which Furniture and vehicles: +€3,614
- Advances received -€16,185
down €16,185 (-49.6%), from €32,657 to €16,473
- Other debts +€12,706
up €12,706 (+83.1%), from €15,294 to €28,000
- Reserves -€6,708
down €6,708 (-55.8%), from €12,011 to €5,303
- Tax, wage and social debts +€3,422
up €3,422 (+54.5%), from €6,278 to €9,700
of which Taxes: +€3,200
- Gross operating margin +€29,903
up €29,903 (+134%), from €22,317 to €52,220
- Taxes +€5,980
up €5,980 (+401%), from €1,491 to €7,471
- Staff costs +€3,928
up €3,928 (+26.1%), from €15,055 to €18,983
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 | €74,572 | €67,329 | -€7,243 | -9.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,773 | €6,184 | +€2,411 | +63.9% |
| Tangible fixed assets | 22/27 | €3,773 | €6,184 | +€2,411 | +63.9% |
| Land and buildings | 22 | €1,167 | €72 | -€1,095 | -93.8% |
| Plant, machinery and equipment | 23 | €108 | €0 | -€108 | -100% |
| Furniture and vehicles | 24 | €2,498 | €6,112 | +€3,614 | +145% |
| Current assets | 29/58 | €70,799 | €61,145 | -€9,654 | -13.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €15,866 | €3,381 | -€12,485 | -78.7% |
| Trade receivables | 40 | €3,144 | €1,879 | -€1,264 | -40.2% |
| Other amounts receivable | 41 | €12,722 | €1,502 | -€11,221 | -88.2% |
| Cash at bank and in hand | 54/58 | €51,577 | €54,594 | +€3,017 | +5.8% |
| Deferred charges and accrued income | 490/1 | €3,356 | €3,170 | -€186 | -5.5% |
| Total equity and liabilities | 10/49 | €74,572 | €67,329 | -€7,243 | -9.7% |
| Equity | 10/15 | €17,011 | €10,303 | -€6,708 | -39.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,011 | €5,303 | -€6,708 | -55.8% |
| Distributable reserves | 133 | €12,011 | €5,303 | -€6,708 | -55.8% |
| Amounts payable | 17/49 | €57,561 | €57,026 | -€535 | -0.9% |
| Amounts payable within one year | 42/48 | €57,561 | €57,026 | -€535 | -0.9% |
| Trade debts | 44 | €3,331 | €2,853 | -€478 | -14.4% |
| Suppliers | 440/4 | €3,331 | €2,853 | -€478 | -14.4% |
| Advances received on contracts in progress | 46 | €32,657 | €16,473 | -€16,185 | -49.6% |
| Taxes, remuneration and social security | 45 | €6,278 | €9,700 | +€3,422 | +54.5% |
| Taxes | 450/3 | €4,115 | €7,315 | +€3,200 | +77.8% |
| Remuneration and social security | 454/9 | €2,163 | €2,385 | +€222 | +10.3% |
| Other amounts payable | 47/48 | €15,294 | €28,000 | +€12,706 | +83.1% |
| Remuneration, social security and pensions | 62 | €15,055 | €18,983 | +€3,928 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,824 | €2,457 | -€367 | -13.0% |
| Other operating charges | 640/8 | €1,295 | €809 | -€486 | -37.5% |
| Non-recurring operating charges | 66A | €20 | €103 | +€82 | +410% |
| Gross operating margin | 9900 | €22,317 | €52,220 | +€29,903 | +134% |
| Operating profit (loss) | 9901 | €3,123 | €29,868 | +€26,746 | +857% |
| Financial income | 75/76B | €257 | €745 | +€488 | +190% |
| Recurring financial income | 75 | €257 | €745 | +€488 | +190% |
| Financial charges | 65/66B | €2,003 | €1,851 | -€152 | -7.6% |
| Recurring financial charges | 65 | €2,003 | €1,851 | -€152 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €1,377 | €28,763 | +€27,386 | +1,989% |
| Income taxes | 67/77 | €1,491 | €7,471 | +€5,980 | +401% |
| Profit (loss) for the period | 9904 | -€114 | €21,292 | +€21,406 | |
| Profit (loss) for the period to be appropriated | 9905 | -€114 | €21,292 | +€21,406 |
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 18 October 2026 via checked.be.