A.D.G.: 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.G.
Largest movements
- Cash +€36,432
up €36,432 (+652.7%), from €5,581 to €42,013
mainly Depreciation (+€27,593) and Receivables within one year (+€16,302)
- Tangible fixed assets -€35,337
down €35,337 (-14.3%), from €247,400 to €212,063
- Receivables within one year -€16,302
down €16,302 (-31.5%), from €51,775 to €35,474
of which Other amounts receivable: -€16,802
- Profit (loss) carried forward -€11,958
down €11,958 (-76.3%), from -€15,670 to -€27,628
- Trade debts -€4,662
down €4,662 (-94.7%), from €4,923 to €261
- Accrued charges and deferred income +€3,717
up €3,717 (+893.3%), from €416 to €4,133
- Gross operating margin +€16,864
up €16,864 (+498.2%), from €3,385 to €20,249
- Depreciation +€2,013
up €2,013 (+7.9%), from €25,580 to €27,593
- Financial income -€440
down €440 (-37.0%), from €1,188 to €749
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 | €305,551 | €290,355 | -€15,195 | -5.0% |
| Fixed assets | 21/28 | €247,400 | €212,063 | -€35,337 | -14.3% |
| Tangible fixed assets | 22/27 | €247,400 | €212,063 | -€35,337 | -14.3% |
| Land and buildings | 22 | €247,400 | €212,063 | -€35,337 | -14.3% |
| Current assets | 29/58 | €58,151 | €78,293 | +€20,142 | +34.6% |
| Amounts receivable within one year | 40/41 | €51,775 | €35,474 | -€16,302 | -31.5% |
| Trade receivables | 40 | - | €500 | +€500 | |
| Other amounts receivable | 41 | €51,775 | €34,974 | -€16,802 | -32.5% |
| Cash at bank and in hand | 54/58 | €5,581 | €42,013 | +€36,432 | +652.7% |
| Deferred charges and accrued income | 490/1 | €794 | €806 | +€12 | +1.5% |
| Total equity and liabilities | 10/49 | €305,551 | €290,355 | -€15,195 | -5.0% |
| Equity | 10/15 | €184,330 | €172,372 | -€11,958 | -6.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€15,670 | -€27,628 | -€11,958 | -76.3% |
| Amounts payable | 17/49 | €121,221 | €117,984 | -€3,237 | -2.7% |
| Amounts payable within one year | 42/48 | €120,805 | €113,851 | -€6,954 | -5.8% |
| Trade debts | 44 | €4,923 | €261 | -€4,662 | -94.7% |
| Suppliers | 440/4 | €4,923 | €261 | -€4,662 | -94.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €115,882 | €113,590 | -€2,292 | -2.0% |
| Accrued charges and deferred income | 492/3 | €416 | €4,133 | +€3,717 | +893.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,580 | €27,593 | +€2,013 | +7.9% |
| Other operating charges | 640/8 | €5,200 | €5,362 | +€162 | +3.1% |
| Gross operating margin | 9900 | €3,385 | €20,249 | +€16,864 | +498.2% |
| Operating profit (loss) | 9901 | -€27,394 | -€12,706 | +€14,688 | +53.6% |
| Financial income | 75/76B | €1,188 | €749 | -€440 | -37.0% |
| Recurring financial income | 75 | €1,188 | €749 | -€440 | -37.0% |
| Financial charges | 65/66B | - | €1 | +€1 | |
| Recurring financial charges | 65 | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | -€26,206 | -€11,958 | +€14,248 | +54.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€26,206 | -€11,958 | +€14,248 | +54.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,206 | -€11,958 | +€14,248 | +54.4% |
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 12 October 2026 via checked.be.