A.A.D.V.: 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.
A.A.D.V.
Largest movements
- Cash +€32,727
up €32,727 (+50.2%), from €65,156 to €97,883
mainly Depreciation (+€24,120) and Net result for the year (+€21,463)
- Tangible fixed assets -€24,120
down €24,120 (-2.4%), from €996,172 to €972,052
- Profit (loss) carried forward +€21,463
up €21,463 (+44.8%), from -€47,887 to -€26,424
- Gross operating margin +€26,646
up €26,646 (+80.6%), from €33,044 to €59,690
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 | €1,063,829 | €1,075,440 | +€11,611 | +1.1% |
| Fixed assets | 21/28 | €996,172 | €972,052 | -€24,120 | -2.4% |
| Tangible fixed assets | 22/27 | €996,172 | €972,052 | -€24,120 | -2.4% |
| Land and buildings | 22 | €996,172 | €972,052 | -€24,120 | -2.4% |
| Current assets | 29/58 | €67,656 | €103,387 | +€35,731 | +52.8% |
| Amounts receivable within one year | 40/41 | - | €504 | +€504 | |
| Other amounts receivable | 41 | - | €504 | +€504 | |
| Cash at bank and in hand | 54/58 | €65,156 | €97,883 | +€32,727 | +50.2% |
| Deferred charges and accrued income | 490/1 | €2,500 | €5,000 | +€2,500 | +100% |
| Total equity and liabilities | 10/49 | €1,063,829 | €1,075,440 | +€11,611 | +1.1% |
| Equity | 10/15 | €952,113 | €973,576 | +€21,463 | +2.3% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,887 | -€26,424 | +€21,463 | +44.8% |
| Amounts payable | 17/49 | €111,716 | €101,864 | -€9,852 | -8.8% |
| Amounts payable within one year | 42/48 | €111,716 | €101,864 | -€9,852 | -8.8% |
| Trade debts | 44 | €2,315 | €434 | -€1,881 | -81.3% |
| Suppliers | 440/4 | €2,315 | €434 | -€1,881 | -81.3% |
| Taxes, remuneration and social security | 45 | - | €1,000 | +€1,000 | |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €109,401 | €100,430 | -€8,971 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,120 | €24,120 | = | 0.0% |
| Other operating charges | 640/8 | €13,667 | €14,064 | +€397 | +2.9% |
| Gross operating margin | 9900 | €33,044 | €59,690 | +€26,646 | +80.6% |
| Operating profit (loss) | 9901 | -€4,743 | €21,507 | +€26,249 | |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.6% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,782 | €21,463 | +€26,245 | |
| Profit (loss) for the period | 9904 | -€4,782 | €21,463 | +€26,245 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,782 | €21,463 | +€26,245 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.