VDMH 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.
VDMH Advocaat
Largest movements
- Cash -€115,297
down €115,297 (-47.3%), from €243,907 to €128,611
mainly Contributions, distributions and other (-€381,529) and Receivables within one year (-€4,815)
- Receivables within one year +€4,815
up €4,815 (+15.6%), from €30,849 to €35,663
of which Trade receivables: +€5,025
- Profit (loss) carried forward -€243,168
down €243,168 (-100%), from €243,168 to €0
- Other debts +€135,701
up €135,701 (+5,101%), from €2,660 to €138,361
- Gross operating margin +€36,953
up €36,953 (+25.6%), from €144,131 to €181,084
- Financial charges -€36,538
down €36,538 (-98.3%), from €37,178 to €640
- Taxes +€18,239
up €18,239 (+83.7%), from €21,782 to €40,021
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 | €283,864 | €171,566 | -€112,298 | -39.6% |
| Fixed assets | 21/28 | €6,782 | €5,033 | -€1,748 | -25.8% |
| Tangible fixed assets | 22/27 | €4,831 | €3,082 | -€1,748 | -36.2% |
| Plant, machinery and equipment | 23 | €189 | €0 | -€189 | -100% |
| Furniture and vehicles | 24 | €3,716 | €2,298 | -€1,419 | -38.2% |
| Other tangible fixed assets | 26 | €926 | €785 | -€141 | -15.2% |
| Financial fixed assets | 28 | €1,951 | €1,951 | = | 0.0% |
| Current assets | 29/58 | €277,083 | €166,532 | -€110,550 | -39.9% |
| Amounts receivable within one year | 40/41 | €30,849 | €35,663 | +€4,815 | +15.6% |
| Trade receivables | 40 | €29,965 | €34,990 | +€5,025 | +16.8% |
| Other amounts receivable | 41 | €884 | €673 | -€210 | -23.8% |
| Cash at bank and in hand | 54/58 | €243,907 | €128,611 | -€115,297 | -47.3% |
| Deferred charges and accrued income | 490/1 | €2,327 | €2,258 | -€68 | -2.9% |
| Total equity and liabilities | 10/49 | €283,864 | €171,566 | -€112,298 | -39.6% |
| Equity | 10/15 | €244,168 | €1,000 | -€243,168 | -99.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €243,168 | €0 | -€243,168 | -100% |
| Amounts payable | 17/49 | €39,696 | €170,566 | +€130,870 | +330% |
| Amounts payable within one year | 42/48 | €37,291 | €170,566 | +€133,274 | +357% |
| Trade debts | 44 | €0 | €17 | +€17 | |
| Suppliers | 440/4 | €0 | €17 | +€17 | |
| Taxes, remuneration and social security | 45 | €34,631 | €32,188 | -€2,443 | -7.1% |
| Taxes | 450/3 | €34,631 | €32,188 | -€2,443 | -7.1% |
| Other amounts payable | 47/48 | €2,660 | €138,361 | +€135,701 | +5,101% |
| Accrued charges and deferred income | 492/3 | €2,405 | €0 | -€2,405 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,831 | €1,748 | -€83 | -4.5% |
| Other operating charges | 640/8 | €466 | €406 | -€60 | -12.8% |
| Gross operating margin | 9900 | €144,131 | €181,084 | +€36,953 | +25.6% |
| Operating profit (loss) | 9901 | €141,833 | €178,929 | +€37,096 | +26.2% |
| Financial income | 75/76B | - | €93 | +€93 | |
| Recurring financial income | 75 | - | €93 | +€93 | |
| Financial charges | 65/66B | €37,178 | €640 | -€36,538 | -98.3% |
| Recurring financial charges | 65 | €37,178 | €640 | -€36,538 | -98.3% |
| Profit (loss) for the period before taxes | 9903 | €104,655 | €178,382 | +€73,727 | +70.4% |
| Income taxes | 67/77 | €21,782 | €40,021 | +€18,239 | +83.7% |
| Profit (loss) for the period | 9904 | €82,874 | €138,361 | +€55,487 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,874 | €138,361 | +€55,487 | +67.0% |
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 1 November 2026 via checked.be.