A&D consult: 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&D consult
Largest movements
- Cash +€211,013
up €211,013 (+169%), from €124,853 to €335,866
mainly Other debts (+€159,246) and Receivables within one year (+€31,491)
- Receivables within one year -€31,491
down €31,491 (-75.7%), from €41,583 to €10,092
of which Trade receivables: -€24,897
- Tangible fixed assets -€27,991
down €27,991 (-23.4%), from €119,524 to €91,532
- Other debts +€159,246
up €159,246 (+3,585%), from €4,442 to €163,688
- Reserves +€23,000
up €23,000 (+10.9%), from €211,353 to €234,353
- Current portion of long-term debt -€22,500
down €22,500 (-75.0%), from €30,000 to €7,500
- Debts after one year -€7,500
no longer reported in 2025 (was €7,500)
- Gross operating margin +€23,144
up €23,144 (+35.9%), from €64,448 to €87,592
- Taxes +€10,006
up €10,006 (+78.6%), from €12,730 to €22,736
- Financial charges +€7,815
up €7,815 (+526%), from €1,486 to €9,300
of which Financial charges: +€7,815
- Depreciation -€1,829
down €1,829 (-5.9%), from €30,971 to €29,141
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 | €286,395 | €437,925 | +€151,531 | +52.9% |
| Fixed assets | 21/28 | €119,959 | €91,967 | -€27,991 | -23.3% |
| Tangible fixed assets | 22/27 | €119,524 | €91,532 | -€27,991 | -23.4% |
| Land and buildings | 22 | €81,886 | €69,055 | -€12,832 | -15.7% |
| Plant, machinery and equipment | 23 | €2,450 | €1,057 | -€1,393 | -56.8% |
| Furniture and vehicles | 24 | €35,187 | €21,420 | -€13,767 | -39.1% |
| Financial fixed assets | 28 | €435 | €435 | = | 0.0% |
| Current assets | 29/58 | €166,436 | €345,958 | +€179,522 | +108% |
| Amounts receivable within one year | 40/41 | €41,583 | €10,092 | -€31,491 | -75.7% |
| Trade receivables | 40 | €27,127 | €2,229 | -€24,897 | -91.8% |
| Other amounts receivable | 41 | €14,456 | €7,863 | -€6,594 | -45.6% |
| Cash at bank and in hand | 54/58 | €124,853 | €335,866 | +€211,013 | +169% |
| Total equity and liabilities | 10/49 | €286,395 | €437,925 | +€151,531 | +52.9% |
| Equity | 10/15 | €236,180 | €259,896 | +€23,716 | +10.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €211,353 | €234,353 | +€23,000 | +10.9% |
| Non-distributable reserves | 130/1 | €211,353 | €234,353 | +€23,000 | +10.9% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Other | 1319 | €209,498 | €232,498 | +€23,000 | +11.0% |
| Profit (loss) carried forward | 14 | €6,277 | €6,994 | +€716 | +11.4% |
| Amounts payable | 17/49 | €50,214 | €178,029 | +€127,815 | +255% |
| Amounts payable after more than one year | 17 | €7,500 | - | -€7,500 | |
| Financial debts | 170/4 | €7,500 | - | -€7,500 | |
| Amounts payable within one year | 42/48 | €42,714 | €178,029 | +€135,315 | +317% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €7,500 | -€22,500 | -75.0% |
| Trade debts | 44 | €6,666 | €2,872 | -€3,794 | -56.9% |
| Suppliers | 440/4 | €6,666 | €2,872 | -€3,794 | -56.9% |
| Taxes, remuneration and social security | 45 | €1,607 | €3,970 | +€2,362 | +147% |
| Taxes | 450/3 | - | €3,970 | +€3,970 | |
| Remuneration and social security | 454/9 | €1,607 | - | -€1,607 | |
| Other amounts payable | 47/48 | €4,442 | €163,688 | +€159,246 | +3,585% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,971 | €29,141 | -€1,829 | -5.9% |
| Other operating charges | 640/8 | €1,368 | €1,456 | +€87 | +6.4% |
| Gross operating margin | 9900 | €64,448 | €87,592 | +€23,144 | +35.9% |
| Operating profit (loss) | 9901 | €32,109 | €56,995 | +€24,886 | +77.5% |
| Financial income | 75/76B | €976 | €358 | -€619 | -63.4% |
| Recurring financial income | 75 | €976 | €358 | -€619 | -63.4% |
| Non-recurring financial income | 76B | €976 | €358 | -€619 | -63.4% |
| Financial charges | 65/66B | €1,486 | €9,300 | +€7,815 | +526% |
| Recurring financial charges | 65 | €1,486 | €9,300 | +€7,815 | +526% |
| Non-recurring financial charges | 66B | €1,486 | €9,300 | +€7,815 | +526% |
| Profit (loss) for the period before taxes | 9903 | €31,600 | €48,052 | +€16,452 | +52.1% |
| Income taxes | 67/77 | €12,730 | €22,736 | +€10,006 | +78.6% |
| Profit (loss) for the period | 9904 | €18,870 | €25,316 | +€6,446 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,870 | €25,316 | +€6,446 | +34.2% |
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 18 October 2026 via checked.be.