THOMAS GOETHALS, ADVOCAAT: 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.
THOMAS GOETHALS, ADVOCAAT
Largest movements
- Cash +€60,197
up €60,197 (+22.3%), from €269,757 to €329,954
mainly Net result for the year (+€98,874) and Other debts (+€60,446)
- Receivables within one year -€38,519
down €38,519 (-12.4%), from €310,507 to €271,988
of which Other amounts receivable: -€42,888
- Current investments +€33,333
up €33,333 (+30.1%), from €110,745 to €144,078
- Other debts +€60,446
up €60,446 (+65.6%), from €92,076 to €152,522
- Financial income -€22,777
down €22,777 (-55.6%), from €41,002 to €18,225
- Taxes -€12,544
down €12,544 (-23.1%), from €54,299 to €41,755
- Gross operating margin -€6,386
down €6,386 (-4.4%), from €144,645 to €138,259
- Financial charges +€5,366
up €5,366 (+305%), from €1,760 to €7,125
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 | €801,946 | €858,516 | +€56,570 | +7.1% |
| Fixed assets | 21/28 | €46,144 | €41,925 | -€4,218 | -9.1% |
| Tangible fixed assets | 22/27 | €46,144 | €41,925 | -€4,218 | -9.1% |
| Land and buildings | 22 | €46,026 | €39,361 | -€6,665 | -14.5% |
| Furniture and vehicles | 24 | €118 | €2,564 | +€2,446 | +2,080% |
| Current assets | 29/58 | €755,802 | €816,591 | +€60,788 | +8.0% |
| Amounts receivable within one year | 40/41 | €310,507 | €271,988 | -€38,519 | -12.4% |
| Trade receivables | 40 | €110,507 | €114,876 | +€4,369 | +4.0% |
| Other amounts receivable | 41 | €200,000 | €157,112 | -€42,888 | -21.4% |
| Current investments | 50/53 | €110,745 | €144,078 | +€33,333 | +30.1% |
| Cash at bank and in hand | 54/58 | €269,757 | €329,954 | +€60,197 | +22.3% |
| Deferred charges and accrued income | 490/1 | €64,794 | €70,571 | +€5,777 | +8.9% |
| Total equity and liabilities | 10/49 | €801,946 | €858,516 | +€56,570 | +7.1% |
| Equity | 10/15 | €662,281 | €659,943 | -€2,338 | -0.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €642,281 | €639,943 | -€2,338 | -0.4% |
| Distributable reserves | 133 | €642,281 | €639,943 | -€2,338 | -0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €139,665 | €198,573 | +€58,908 | +42.2% |
| Amounts payable within one year | 42/48 | €139,665 | €198,573 | +€58,908 | +42.2% |
| Trade debts | 44 | €8,755 | €3,725 | -€5,030 | -57.4% |
| Suppliers | 440/4 | €8,755 | €3,725 | -€5,030 | -57.4% |
| Taxes, remuneration and social security | 45 | €38,835 | €42,326 | +€3,492 | +9.0% |
| Taxes | 450/3 | €38,835 | €42,326 | +€3,492 | +9.0% |
| Other amounts payable | 47/48 | €92,076 | €152,522 | +€60,446 | +65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,787 | €8,017 | +€1,231 | +18.1% |
| Other operating charges | 640/8 | €1,383 | €713 | -€671 | -48.5% |
| Gross operating margin | 9900 | €144,645 | €138,259 | -€6,386 | -4.4% |
| Operating profit (loss) | 9901 | €136,475 | €129,529 | -€6,946 | -5.1% |
| Financial income | 75/76B | €41,002 | €18,225 | -€22,777 | -55.6% |
| Recurring financial income | 75 | €41,002 | €18,225 | -€22,777 | -55.6% |
| Financial charges | 65/66B | €1,760 | €7,125 | +€5,366 | +305% |
| Recurring financial charges | 65 | €1,760 | €7,125 | +€5,366 | +305% |
| Profit (loss) for the period before taxes | 9903 | €175,718 | €140,629 | -€35,088 | -20.0% |
| Income taxes | 67/77 | €54,299 | €41,755 | -€12,544 | -23.1% |
| Profit (loss) for the period | 9904 | €121,418 | €98,874 | -€22,544 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €121,418 | €98,874 | -€22,544 | -18.6% |
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 31 October 2026 via checked.be.