A & D Coating: what changed
Two fiscal 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 & D Coating
Largest movements
- Current investments -€400,000
down €400,000 (-44.4%), from €900,000 to €500,000
- Receivables within one year +€354,644
up €354,644 (+131.4%), from €269,995 to €624,638
of which Trade receivables: +€313,236
- Other debts +€297,663
up €297,663 (+170.8%), from €174,292 to €471,955
- Reserves -€245,822
down €245,822 (-11.6%), from €2.1m to €1.9m
of which Distributable reserves: -€245,822
- Debts after one year -€202,721
down €202,721 (-21.3%), from €949,522 to €746,801
of which Financial debts: -€201,721
- Trade debts +€64,664
up €64,664 (+84.4%), from €76,600 to €141,265
- Tax, wage and social debts +€56,832
up €56,832 (+60.7%), from €93,593 to €150,424
of which Taxes: +€66,462
- Gross operating margin +€281,322
up €281,322 (+32.1%), from €875,895 to €1.2m
- Other operating charges +€36,872
up €36,872 (+1233.5%), from €2,989 to €39,861
- Taxes +€30,327
up €30,327 (+23.0%), from €131,855 to €162,182
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.
Cash bridge derived
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 | €3,637,953 | €3,610,863 | -€27,091 | -0.7% |
| Fixed assets | 21/28 | €2,266,079 | €2,282,717 | +€16,638 | +0.7% |
| Intangible fixed assets | 21 | - | €5,952 | +€5,952 | |
| Tangible fixed assets | 22/27 | €465,179 | €476,765 | +€11,586 | +2.5% |
| Land and buildings | 22 | €424,776 | €409,720 | -€15,057 | -3.5% |
| Plant, machinery and equipment | 23 | €39,974 | €56,554 | +€16,580 | +41.5% |
| Furniture and vehicles | 24 | €429 | €8,594 | +€8,165 | +1901.4% |
| Other tangible fixed assets | 26 | - | €1,897 | +€1,897 | |
| Financial fixed assets | 28 | €1,800,900 | €1,800,000 | -€900 | 0.0% |
| Current assets | 29/58 | €1,371,874 | €1,328,146 | -€43,728 | -3.2% |
| Amounts receivable within one year | 40/41 | €269,995 | €624,638 | +€354,644 | +131.4% |
| Trade receivables | 40 | €215,286 | €528,522 | +€313,236 | +145.5% |
| Other amounts receivable | 41 | €54,709 | €96,116 | +€41,408 | +75.7% |
| Current investments | 50/53 | €900,000 | €500,000 | -€400,000 | -44.4% |
| Cash at bank and in hand | 54/58 | €187,538 | €186,192 | -€1,346 | -0.7% |
| Deferred charges and accrued income | 490/1 | €14,341 | €17,315 | +€2,974 | +20.7% |
| Total equity and liabilities | 10/49 | €3,637,953 | €3,610,863 | -€27,091 | -0.7% |
| Equity | 10/15 | €2,144,519 | €1,898,696 | -€245,822 | -11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,125,919 | €1,880,096 | -€245,822 | -11.6% |
| Tax-exempt reserves | 132 | €35,428 | €35,428 | = | 0.0% |
| Distributable reserves | 133 | €2,090,490 | €1,844,668 | -€245,822 | -11.8% |
| Amounts payable | 17/49 | €1,493,435 | €1,712,166 | +€218,731 | +14.6% |
| Amounts payable after more than one year | 17 | €949,522 | €746,801 | -€202,721 | -21.3% |
| Financial debts | 170/4 | €948,522 | €746,801 | -€201,721 | -21.3% |
| Other amounts payable | 178/9 | €1,000 | - | -€1,000 | |
| Amounts payable within one year | 42/48 | €543,913 | €965,365 | +€421,453 | +77.5% |
| Current portion of amounts payable after more than one year | 42 | €199,428 | €201,721 | +€2,294 | +1.2% |
| Trade debts | 44 | €76,600 | €141,265 | +€64,664 | +84.4% |
| Suppliers | 440/4 | €76,600 | €141,265 | +€64,664 | +84.4% |
| Taxes, remuneration and social security | 45 | €93,593 | €150,424 | +€56,832 | +60.7% |
| Taxes | 450/3 | €56,705 | €123,167 | +€66,462 | +117.2% |
| Remuneration and social security | 454/9 | €36,888 | €27,258 | -€9,630 | -26.1% |
| Other amounts payable | 47/48 | €174,292 | €471,955 | +€297,663 | +170.8% |
| Non-recurring operating income | 76A | €3,100 | €15,000 | +€11,900 | +383.9% |
| Remuneration, social security and pensions | 62 | €323,956 | €318,337 | -€5,619 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,946 | €38,638 | -€11,308 | -22.6% |
| Other operating charges | 640/8 | €2,989 | €39,861 | +€36,872 | +1233.5% |
| Gross operating margin | 9900 | €875,895 | €1,157,217 | +€281,322 | +32.1% |
| Operating profit (loss) | 9901 | €499,004 | €760,382 | +€261,378 | +52.4% |
| Financial income | 75/76B | €18,128 | €11,940 | -€6,187 | -34.1% |
| Recurring financial income | 75 | €18,128 | €11,940 | -€6,187 | -34.1% |
| Financial charges | 65/66B | €32,618 | €30,962 | -€1,656 | -5.1% |
| Recurring financial charges | 65 | €32,618 | €30,962 | -€1,656 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €484,513 | €741,360 | +€256,846 | +53.0% |
| Income taxes | 67/77 | €131,855 | €162,182 | +€30,327 | +23.0% |
| Profit (loss) for the period | 9904 | €352,659 | €579,178 | +€226,519 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €352,659 | €579,178 | +€226,519 | +64.2% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.