A.D. FINANCE: 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. FINANCE
Largest movements
- Receivables within one year -€4,933
down €4,933 (-18.2%), from €27,178 to €22,245
of which Other amounts receivable: -€2,513
- Tangible fixed assets -€3,398
down €3,398 (-43.2%), from €7,872 to €4,474
of which Land and buildings: -€3,248
- Profit (loss) carried forward -€7,580
down €7,580 (-15.0%), from -€50,460 to -€58,040
- Trade debts -€672
down €672 (-3.9%), from €17,331 to €16,659
- Gross operating margin -€7,878
down €7,878, from €7,831 to -€47
- Taxes -€1,262
down €1,262 (-33.4%), from €3,777 to €2,515
- Write-downs -€1,194
no longer reported in 2025 (was €1,194)
- Staff costs +€761
up €761 (+137%), from €556 to €1,317
- Depreciation -€528
down €528 (-13.4%), from €3,926 to €3,398
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 | €35,157 | €26,819 | -€8,338 | -23.7% |
| Fixed assets | 21/28 | €7,872 | €4,474 | -€3,398 | -43.2% |
| Tangible fixed assets | 22/27 | €7,872 | €4,474 | -€3,398 | -43.2% |
| Land and buildings | 22 | €7,705 | €4,457 | -€3,248 | -42.2% |
| Plant, machinery and equipment | 23 | €167 | €17 | -€150 | -89.8% |
| Current assets | 29/58 | €27,285 | €22,345 | -€4,940 | -18.1% |
| Amounts receivable within one year | 40/41 | €27,178 | €22,245 | -€4,933 | -18.2% |
| Trade receivables | 40 | €7,970 | €5,550 | -€2,420 | -30.4% |
| Other amounts receivable | 41 | €19,208 | €16,695 | -€2,513 | -13.1% |
| Cash at bank and in hand | 54/58 | €107 | €100 | -€7 | -6.5% |
| Total equity and liabilities | 10/49 | €35,157 | €26,819 | -€8,338 | -23.7% |
| Equity | 10/15 | €17,740 | €10,160 | -€7,580 | -42.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,460 | -€58,040 | -€7,580 | -15.0% |
| Amounts payable | 17/49 | €17,417 | €16,659 | -€758 | -4.4% |
| Amounts payable within one year | 42/48 | €17,417 | €16,659 | -€758 | -4.4% |
| Trade debts | 44 | €17,331 | €16,659 | -€672 | -3.9% |
| Suppliers | 440/4 | €17,331 | €16,659 | -€672 | -3.9% |
| Taxes, remuneration and social security | 45 | €86 | - | -€86 | |
| Taxes | 450/3 | €86 | - | -€86 | |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €556 | €1,317 | +€761 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,926 | €3,398 | -€528 | -13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,194 | - | -€1,194 | |
| Other operating charges | 640/8 | €376 | €183 | -€193 | -51.3% |
| Gross operating margin | 9900 | €7,831 | -€47 | -€7,878 | |
| Operating profit (loss) | 9901 | €1,779 | -€4,945 | -€6,724 | |
| Financial charges | 65/66B | €120 | €120 | = | 0.0% |
| Recurring financial charges | 65 | €120 | €120 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €1,659 | -€5,065 | -€6,724 | |
| Income taxes | 67/77 | €3,777 | €2,515 | -€1,262 | -33.4% |
| Profit (loss) for the period | 9904 | -€2,118 | -€7,580 | -€5,462 | -258% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,118 | -€7,580 | -€5,462 | -258% |
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 15 October 2026 via checked.be.