A&D NETWORKS: 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 NETWORKS
Largest movements
- Receivables within one year -€6,264
down €6,264 (-71.7%), from €8,732 to €2,468
of which Trade receivables: -€8,589
- Tangible fixed assets -€1,239
down €1,239 (-38.8%), from €3,194 to €1,955
- Cash -€612
down €612 (-79.7%), from €768 to €156
mainly Tax, wage and social debts (-€5,195) and Trade debts (-€2,815)
- Deferred charges and accrued income +€515
new in 2025: €515
- Tax, wage and social debts -€5,195
no longer reported in 2025 (was €5,195)
of which Remuneration and social security: -€4,970
- Trade debts -€2,815
down €2,815 (-81.9%), from €3,438 to €623
- Profit (loss) carried forward +€411
up €411 (+73.2%), from €561 to €971
- Turnover -€20,407
down €20,407 (-96.6%), from €21,122 to €715
- Purchases and services -€16,335
down €16,335 (-86.7%), from €18,831 to €2,496
- Depreciation +€978
new in 2025: €978
- Gross operating margin -€643
down €643 (-28.1%), from €2,291 to €1,648
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 | €12,694 | €5,095 | -€7,600 | -59.9% |
| Fixed assets | 21/28 | €3,194 | €1,955 | -€1,239 | -38.8% |
| Tangible fixed assets | 22/27 | €3,194 | €1,955 | -€1,239 | -38.8% |
| Furniture and vehicles | 24 | €3,194 | €1,955 | -€1,239 | -38.8% |
| Current assets | 29/58 | €9,500 | €3,139 | -€6,361 | -67.0% |
| Amounts receivable within one year | 40/41 | €8,732 | €2,468 | -€6,264 | -71.7% |
| Trade receivables | 40 | €8,589 | €0 | -€8,589 | -100.0% |
| Other amounts receivable | 41 | €143 | €2,468 | +€2,325 | +1,624% |
| Cash at bank and in hand | 54/58 | €768 | €156 | -€612 | -79.7% |
| Deferred charges and accrued income | 490/1 | - | €515 | +€515 | |
| Total equity and liabilities | 10/49 | €12,694 | €5,095 | -€7,600 | -59.9% |
| Equity | 10/15 | €4,061 | €4,471 | +€411 | +10.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €561 | €971 | +€411 | +73.2% |
| Amounts payable | 17/49 | €8,634 | €623 | -€8,010 | -92.8% |
| Amounts payable within one year | 42/48 | €8,634 | €623 | -€8,010 | -92.8% |
| Trade debts | 44 | €3,438 | €623 | -€2,815 | -81.9% |
| Suppliers | 440/4 | €3,438 | €623 | -€2,815 | -81.9% |
| Taxes, remuneration and social security | 45 | €5,195 | - | -€5,195 | |
| Taxes | 450/3 | €225 | - | -€225 | |
| Remuneration and social security | 454/9 | €4,970 | - | -€4,970 | |
| Turnover | 70 | €21,122 | €715 | -€20,407 | -96.6% |
| Non-recurring operating income | 76A | - | €3,429 | +€3,429 | |
| Goods, raw materials, services and sundry goods | 60/61 | €18,831 | €2,496 | -€16,335 | -86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €978 | +€978 | |
| Other operating charges | 640/8 | €74 | - | -€74 | |
| Non-recurring operating charges | 66A | - | €206 | +€206 | |
| Gross operating margin | 9900 | €2,291 | €1,648 | -€643 | -28.1% |
| Operating profit (loss) | 9901 | €2,217 | €464 | -€1,753 | -79.1% |
| Financial charges | 65/66B | €105 | €54 | -€52 | -49.1% |
| Recurring financial charges | 65 | €47 | €54 | +€6 | +13.4% |
| Non-recurring financial charges | 66B | €58 | - | -€58 | |
| Profit (loss) for the period before taxes | 9903 | €2,112 | €411 | -€1,701 | -80.6% |
| Profit (loss) for the period | 9904 | €2,112 | €411 | -€1,701 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,112 | €411 | -€1,701 | -80.6% |
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 28 October 2026 via checked.be.