VDL AVOCATS: 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.
VDL AVOCATS
Largest movements
- Receivables within one year +€32,882
up €32,882 (+72.7%), from €45,235 to €78,117
of which Trade receivables: +€32,882
- Profit (loss) carried forward +€70,290
up €70,290 (+34.5%), from €203,450 to €273,740
- Debts after one year -€28,346
down €28,346 (-100%), from €28,346 to €0
- Current portion of long-term debt -€20,033
down €20,033 (-41.4%), from €48,379 to €28,346
- Tax, wage and social debts +€8,890
up €8,890 (+67.4%), from €13,183 to €22,074
of which Remuneration and social security: +€7,621
- Financial income -€6,000
down €6,000 (-10.5%), from €57,000 to €51,000
- Financial charges -€474
down €474 (-26.2%), from €1,808 to €1,333
- Gross operating margin +€293
up €293 (+1.1%), from €26,460 to €26,753
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 | €310,005 | €342,243 | +€32,237 | +10.4% |
| Fixed assets | 21/28 | €264,125 | €264,125 | = | 0.0% |
| Financial fixed assets | 28 | €264,125 | €264,125 | = | 0.0% |
| Current assets | 29/58 | €45,880 | €78,118 | +€32,237 | +70.3% |
| Amounts receivable within one year | 40/41 | €45,235 | €78,117 | +€32,882 | +72.7% |
| Trade receivables | 40 | €45,235 | €78,117 | +€32,882 | +72.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €645 | €1 | -€645 | -99.9% |
| Total equity and liabilities | 10/49 | €310,005 | €342,243 | +€32,237 | +10.4% |
| Equity | 10/15 | €218,450 | €288,740 | +€70,290 | +32.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,450 | €273,740 | +€70,290 | +34.5% |
| Amounts payable | 17/49 | €91,555 | €53,503 | -€38,052 | -41.6% |
| Amounts payable after more than one year | 17 | €28,346 | €0 | -€28,346 | -100% |
| Financial debts | 170/4 | €28,346 | €0 | -€28,346 | -100% |
| Amounts payable within one year | 42/48 | €63,209 | €53,503 | -€9,706 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €48,379 | €28,346 | -€20,033 | -41.4% |
| Trade debts | 44 | €659 | €629 | -€31 | -4.6% |
| Suppliers | 440/4 | €659 | €629 | -€31 | -4.6% |
| Taxes, remuneration and social security | 45 | €13,183 | €22,074 | +€8,890 | +67.4% |
| Taxes | 450/3 | €12,802 | €14,071 | +€1,270 | +9.9% |
| Remuneration and social security | 454/9 | €382 | €8,002 | +€7,621 | +1,997% |
| Other amounts payable | 47/48 | €988 | €2,455 | +€1,467 | +149% |
| Other operating charges | 640/8 | €607 | €620 | +€12 | +2.0% |
| Gross operating margin | 9900 | €26,460 | €26,753 | +€293 | +1.1% |
| Operating profit (loss) | 9901 | €25,852 | €26,133 | +€281 | +1.1% |
| Financial income | 75/76B | €57,000 | €51,000 | -€6,000 | -10.5% |
| Recurring financial income | 75 | €57,000 | €51,000 | -€6,000 | -10.5% |
| Financial charges | 65/66B | €1,808 | €1,333 | -€474 | -26.2% |
| Recurring financial charges | 65 | €1,808 | €1,333 | -€474 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €81,045 | €75,800 | -€5,245 | -6.5% |
| Income taxes | 67/77 | €5,267 | €5,510 | +€243 | +4.6% |
| Profit (loss) for the period | 9904 | €75,778 | €70,290 | -€5,488 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,778 | €70,290 | -€5,488 | -7.2% |
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 30 October 2026 via checked.be.