TJ 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.
TJ AVOCAT
Largest movements
- Cash +€142,483
up €142,483 (+390%), from €36,580 to €179,063
- Receivables within one year +€5,822
up €5,822 (+26.9%), from €21,656 to €27,478
of which Trade receivables: +€9,160
- Reserves +€117,368
up €117,368 (+237%), from €49,508 to €166,876
- Tax, wage and social debts +€28,886
up €28,886 (+335%), from €8,634 to €37,520
- Other debts +€2,456
new in 2025: €2,456
- Gross operating margin +€39,230
up €39,230 (+78.1%), from €50,242 to €89,472
- Taxes +€12,914
up €12,914 (+82.0%), from €15,751 to €28,664
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,541 | €213,164 | +€149,623 | +235% |
| Fixed assets | 21/28 | €3,477 | €3,534 | +€57 | +1.7% |
| Tangible fixed assets | 22/27 | €3,477 | €3,534 | +€57 | +1.7% |
| Plant, machinery and equipment | 23 | - | €883 | +€883 | |
| Furniture and vehicles | 24 | €3,477 | €2,651 | -€826 | -23.7% |
| Current assets | 29/58 | €60,065 | €209,630 | +€149,566 | +249% |
| Amounts receivable within one year | 40/41 | €21,656 | €27,478 | +€5,822 | +26.9% |
| Trade receivables | 40 | €13,950 | €23,110 | +€9,160 | +65.7% |
| Other amounts receivable | 41 | €7,706 | €4,368 | -€3,338 | -43.3% |
| Cash at bank and in hand | 54/58 | €36,580 | €179,063 | +€142,483 | +390% |
| Deferred charges and accrued income | 490/1 | €1,829 | €3,089 | +€1,260 | +68.9% |
| Total equity and liabilities | 10/49 | €63,541 | €213,164 | +€149,623 | +235% |
| Equity | 10/15 | €54,508 | €171,876 | +€117,368 | +215% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €49,508 | €166,876 | +€117,368 | +237% |
| Distributable reserves | 133 | €49,508 | €166,876 | +€117,368 | +237% |
| Amounts payable | 17/49 | €9,034 | €41,288 | +€32,255 | +357% |
| Amounts payable within one year | 42/48 | €9,034 | €41,288 | +€32,255 | +357% |
| Trade debts | 44 | €400 | €1,313 | +€913 | +228% |
| Suppliers | 440/4 | €400 | €1,313 | +€913 | +228% |
| Taxes, remuneration and social security | 45 | €8,634 | €37,520 | +€28,886 | +335% |
| Taxes | 450/3 | €8,634 | €37,520 | +€28,886 | +335% |
| Other amounts payable | 47/48 | - | €2,456 | +€2,456 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,227 | €1,838 | +€611 | +49.8% |
| Other operating charges | 640/8 | €896 | €993 | +€97 | +10.9% |
| Gross operating margin | 9900 | €50,242 | €89,472 | +€39,230 | +78.1% |
| Operating profit (loss) | 9901 | €48,119 | €86,641 | +€38,522 | +80.1% |
| Financial income | 75/76B | €593 | €321 | -€271 | -45.8% |
| Recurring financial income | 75 | €593 | €321 | -€271 | -45.8% |
| Financial charges | 65/66B | €40 | €165 | +€125 | +317% |
| Recurring financial charges | 65 | €40 | €165 | +€125 | +317% |
| Profit (loss) for the period before taxes | 9903 | €48,672 | €86,797 | +€38,125 | +78.3% |
| Income taxes | 67/77 | €15,751 | €28,664 | +€12,914 | +82.0% |
| Profit (loss) for the period | 9904 | €32,922 | €58,133 | +€25,212 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,922 | €58,133 | +€25,212 | +76.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.