VP 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.
VP AVOCATS
Largest movements
- Cash +€82,365
up €82,365 (+58.3%), from €141,352 to €223,716
mainly Net result for the year (+€110,699) and Receivables within one year (+€14,978)
- Tangible fixed assets +€28,224
up €28,224 (+952%), from €2,966 to €31,190
of which Land and buildings: +€26,114
- Receivables within one year -€14,978
down €14,978 (-22.0%), from €68,055 to €53,078
of which Trade receivables: -€11,156
- Reserves +€99,011
up €99,011 (+53.8%), from €183,997 to €283,008
- Contributions -€14,688
down €14,688 (-100%), from €14,688 to €0
- Tax, wage and social debts +€12,606
up €12,606 (+116%), from €10,859 to €23,464
of which Taxes: +€9,446
- Gross operating margin +€65,404
up €65,404 (+61.7%), from €106,040 to €171,443
- Taxes +€19,874
up €19,874 (+74.9%), from €26,540 to €46,414
- Write-downs -€7,047
down €7,047 (-100%), from €7,047 to €0
- Depreciation +€3,220
up €3,220 (+336%), from €959 to €4,179
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 | €215,114 | €310,863 | +€95,749 | +44.5% |
| Fixed assets | 21/28 | €2,966 | €31,190 | +€28,224 | +952% |
| Tangible fixed assets | 22/27 | €2,966 | €31,190 | +€28,224 | +952% |
| Land and buildings | 22 | - | €26,114 | +€26,114 | |
| Plant, machinery and equipment | 23 | €1,688 | €996 | -€692 | -41.0% |
| Furniture and vehicles | 24 | €1,201 | €4,080 | +€2,879 | +240% |
| Other tangible fixed assets | 26 | €77 | €0 | -€77 | -100% |
| Current assets | 29/58 | €212,148 | €279,673 | +€67,526 | +31.8% |
| Amounts receivable within one year | 40/41 | €68,055 | €53,078 | -€14,978 | -22.0% |
| Trade receivables | 40 | €60,102 | €48,947 | -€11,156 | -18.6% |
| Other amounts receivable | 41 | €7,953 | €4,131 | -€3,822 | -48.1% |
| Cash at bank and in hand | 54/58 | €141,352 | €223,716 | +€82,365 | +58.3% |
| Deferred charges and accrued income | 490/1 | €2,741 | €2,879 | +€138 | +5.0% |
| Total equity and liabilities | 10/49 | €215,114 | €310,863 | +€95,749 | +44.5% |
| Equity | 10/15 | €198,685 | €283,008 | +€84,323 | +42.4% |
| Contributions | 10/11 | €14,688 | €0 | -€14,688 | -100% |
| Reserves | 13 | €183,997 | €283,008 | +€99,011 | +53.8% |
| Distributable reserves | 133 | €183,997 | €283,008 | +€99,011 | +53.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,429 | €27,856 | +€11,426 | +69.5% |
| Amounts payable within one year | 42/48 | €16,429 | €27,856 | +€11,426 | +69.5% |
| Trade debts | 44 | €1,627 | €476 | -€1,150 | -70.7% |
| Suppliers | 440/4 | €1,627 | €476 | -€1,150 | -70.7% |
| Taxes, remuneration and social security | 45 | €10,859 | €23,464 | +€12,606 | +116% |
| Taxes | 450/3 | €9,301 | €18,747 | +€9,446 | +102% |
| Remuneration and social security | 454/9 | €1,558 | €4,717 | +€3,159 | +203% |
| Other amounts payable | 47/48 | €3,944 | €3,915 | -€29 | -0.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €11,402 | €11,204 | -€197 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €959 | €4,179 | +€3,220 | +336% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,047 | €0 | -€7,047 | -100% |
| Other operating charges | 640/8 | €1,006 | €1,037 | +€31 | +3.1% |
| Gross operating margin | 9900 | €106,040 | €171,443 | +€65,404 | +61.7% |
| Operating profit (loss) | 9901 | €85,626 | €155,023 | +€69,397 | +81.0% |
| Financial income | 75/76B | €1,600 | €2,376 | +€776 | +48.5% |
| Recurring financial income | 75 | €1,600 | €2,376 | +€776 | +48.5% |
| Financial charges | 65/66B | €387 | €287 | -€100 | -25.9% |
| Recurring financial charges | 65 | €387 | €287 | -€100 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €86,839 | €157,113 | +€70,274 | +80.9% |
| Income taxes | 67/77 | €26,540 | €46,414 | +€19,874 | +74.9% |
| Profit (loss) for the period | 9904 | €60,299 | €110,699 | +€50,400 | +83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,299 | €110,699 | +€50,400 | +83.6% |
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 24 October 2026 via checked.be.