A&D ELECTRO: 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 ELECTRO
Largest movements
- Cash +€222,501
up €222,501 (+315.0%), from €70,641 to €293,142
mainly Net result for the year (+€263,732) and Depreciation (+€104,561)
- Tangible fixed assets -€98,779
down €98,779 (-25.9%), from €381,590 to €282,811
of which Furniture and vehicles: -€50,749
- Receivables within one year -€31,865
down €31,865 (-9.2%), from €347,913 to €316,048
of which Other amounts receivable: -€63,586
- Reserves +€42,387
up €42,387 (+2.8%), from €1.5m to €1.6m
- Tax, wage and social debts +€19,750
up €19,750 (+167.7%), from €11,775 to €31,525
of which Taxes: +€13,910
- Other debts +€19,404
new in 2025: €19,404
- Gross operating margin +€48,811
up €48,811 (+8.9%), from €547,154 to €595,965
- Staff costs +€26,263
up €26,263 (+27.2%), from €96,646 to €122,909
- Depreciation +€14,382
up €14,382 (+15.9%), from €90,179 to €104,561
- Financial income +€6,387
up €6,387 (+40.2%), from €15,907 to €22,294
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 | €1,621,400 | €1,711,599 | +€90,199 | +5.6% |
| Fixed assets | 21/28 | €381,735 | €282,956 | -€98,779 | -25.9% |
| Tangible fixed assets | 22/27 | €381,590 | €282,811 | -€98,779 | -25.9% |
| Land and buildings | 22 | €80,506 | €69,260 | -€11,246 | -14.0% |
| Plant, machinery and equipment | 23 | €101,874 | €65,783 | -€36,091 | -35.4% |
| Furniture and vehicles | 24 | €196,837 | €146,088 | -€50,749 | -25.8% |
| Other tangible fixed assets | 26 | €2,373 | €1,680 | -€693 | -29.2% |
| Financial fixed assets | 28 | €145 | €145 | = | 0.0% |
| Current assets | 29/58 | €1,239,664 | €1,428,643 | +€188,979 | +15.2% |
| Stocks and contracts in progress | 3 | €18,152 | €16,495 | -€1,657 | -9.1% |
| Stocks | 30/36 | €18,152 | €16,495 | -€1,657 | -9.1% |
| Amounts receivable within one year | 40/41 | €347,913 | €316,048 | -€31,865 | -9.2% |
| Trade receivables | 40 | €48,547 | €80,267 | +€31,720 | +65.3% |
| Other amounts receivable | 41 | €299,367 | €235,781 | -€63,586 | -21.2% |
| Current investments | 50/53 | €800,000 | €800,000 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €70,641 | €293,142 | +€222,501 | +315.0% |
| Deferred charges and accrued income | 490/1 | €2,958 | €2,958 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,621,400 | €1,711,599 | +€90,199 | +5.6% |
| Equity | 10/15 | €1,552,259 | €1,594,646 | +€42,387 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,533,659 | €1,576,046 | +€42,387 | +2.8% |
| Distributable reserves | 133 | €1,533,659 | €1,576,046 | +€42,387 | +2.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €69,140 | €116,953 | +€47,813 | +69.2% |
| Amounts payable within one year | 42/48 | €53,872 | €92,115 | +€38,243 | +71.0% |
| Trade debts | 44 | €42,097 | €41,186 | -€911 | -2.2% |
| Suppliers | 440/4 | €42,097 | €41,186 | -€911 | -2.2% |
| Taxes, remuneration and social security | 45 | €11,775 | €31,525 | +€19,750 | +167.7% |
| Taxes | 450/3 | €50 | €13,960 | +€13,910 | +27571.6% |
| Remuneration and social security | 454/9 | €11,724 | €17,565 | +€5,840 | +49.8% |
| Other amounts payable | 47/48 | - | €19,404 | +€19,404 | |
| Accrued charges and deferred income | 492/3 | €15,268 | €24,838 | +€9,570 | +62.7% |
| Non-recurring operating income | 76A | €12,432 | €25,110 | +€12,679 | +102.0% |
| Remuneration, social security and pensions | 62 | €96,646 | €122,909 | +€26,263 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,179 | €104,561 | +€14,382 | +15.9% |
| Other operating charges | 640/8 | €6,677 | €5,026 | -€1,650 | -24.7% |
| Non-recurring operating charges | 66A | €13,242 | €0 | -€13,242 | -100.0% |
| Gross operating margin | 9900 | €547,154 | €595,965 | +€48,811 | +8.9% |
| Operating profit (loss) | 9901 | €340,410 | €363,468 | +€23,058 | +6.8% |
| Financial income | 75/76B | €15,907 | €22,294 | +€6,387 | +40.2% |
| Recurring financial income | 75 | €15,907 | €22,294 | +€6,387 | +40.2% |
| Financial charges | 65/66B | €2,559 | €2,283 | -€276 | -10.8% |
| Recurring financial charges | 65 | €2,559 | €2,283 | -€276 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €353,758 | €383,480 | +€29,722 | +8.4% |
| Income taxes | 67/77 | €120,101 | €119,748 | -€353 | -0.3% |
| Profit (loss) for the period | 9904 | €233,658 | €263,732 | +€30,074 | +12.9% |
| Transfer from tax-exempt reserves | 789 | €18,750 | €0 | -€18,750 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €252,408 | €263,732 | +€11,324 | +4.5% |
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.