A.D.J: 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.J
Largest movements
- Cash -€5,845
down €5,845 (-81.1%), from €7,208 to €1,364
mainly Net result for the year (-€4,983) and Deferred charges and accrued income (-€2,726)
- Deferred charges and accrued income +€2,726
up €2,726 (+96.7%), from €2,820 to €5,546
- Stocks and contracts -€506
no longer reported in 2025 (was €506)
- Receivables within one year -€195
no longer reported in 2025 (was €195)
- Profit (loss) carried forward -€4,983
down €4,983 (-68.9%), from -€7,233 to -€12,216
- Other debts +€1,236
up €1,236 (+75.8%), from €1,631 to €2,867
- Trade debts -€604
down €604 (-65.6%), from €921 to €317
- Tax, wage and social debts +€531
up €531 (+153%), from €348 to €879
of which Remuneration and social security: +€753
- Gross operating margin -€10,930
down €10,930 (-72.0%), from €15,186 to €4,256
- Staff costs +€8,160
new in 2025: €8,160
- Financial charges -€263
down €263 (-57.9%), from €454 to €191
- Other operating charges +€164
up €164 (+22.7%), from €723 to €887
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 | €16,127 | €12,307 | -€3,820 | -23.7% |
| Fixed assets | 21/28 | €5,397 | €5,397 | = | 0.0% |
| Financial fixed assets | 28 | €5,397 | €5,397 | = | 0.0% |
| Current assets | 29/58 | €10,730 | €6,910 | -€3,820 | -35.6% |
| Stocks and contracts in progress | 3 | €506 | - | -€506 | |
| Stocks | 30/36 | €506 | - | -€506 | |
| Amounts receivable within one year | 40/41 | €195 | - | -€195 | |
| Other amounts receivable | 41 | €195 | - | -€195 | |
| Cash at bank and in hand | 54/58 | €7,208 | €1,364 | -€5,845 | -81.1% |
| Deferred charges and accrued income | 490/1 | €2,820 | €5,546 | +€2,726 | +96.7% |
| Total equity and liabilities | 10/49 | €16,127 | €12,307 | -€3,820 | -23.7% |
| Equity | 10/15 | €13,227 | €8,244 | -€4,983 | -37.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,233 | -€12,216 | -€4,983 | -68.9% |
| Amounts payable | 17/49 | €2,900 | €4,063 | +€1,163 | +40.1% |
| Amounts payable within one year | 42/48 | €2,900 | €4,063 | +€1,163 | +40.1% |
| Trade debts | 44 | €921 | €317 | -€604 | -65.6% |
| Suppliers | 440/4 | €921 | €317 | -€604 | -65.6% |
| Taxes, remuneration and social security | 45 | €348 | €879 | +€531 | +153% |
| Taxes | 450/3 | €348 | €127 | -€222 | -63.7% |
| Remuneration and social security | 454/9 | - | €753 | +€753 | |
| Other amounts payable | 47/48 | €1,631 | €2,867 | +€1,236 | +75.8% |
| Remuneration, social security and pensions | 62 | - | €8,160 | +€8,160 | |
| Other operating charges | 640/8 | €723 | €887 | +€164 | +22.7% |
| Gross operating margin | 9900 | €15,186 | €4,256 | -€10,930 | -72.0% |
| Operating profit (loss) | 9901 | €14,463 | -€4,792 | -€19,255 | |
| Financial charges | 65/66B | €454 | €191 | -€263 | -57.9% |
| Recurring financial charges | 65 | €454 | €191 | -€263 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €14,009 | -€4,983 | -€18,992 | |
| Profit (loss) for the period | 9904 | €14,009 | -€4,983 | -€18,992 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,009 | -€4,983 | -€18,992 |
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 17 October 2026 via checked.be.