A.D.P.: 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.P.
Largest movements
- Receivables after one year -€14,391
down €14,391 (-21.4%), from €67,093 to €52,703
- Cash +€14,095
up €14,095 (+21.8%), from €64,700 to €78,795
mainly Receivables after one year (+€14,391) and Depreciation (+€3,629)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€851
up €851 (+189%), from €450 to €1,300
- Financial income -€727
down €727 (-26.3%), from €2,764 to €2,037
- Depreciation -€420
down €420 (-10.4%), from €4,049 to €3,629
- Other operating charges +€94
up €94 (+3.2%), from €2,962 to €3,056
- Financial charges +€85
up €85 (+44.9%), from €190 to €276
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 | €379,295 | €377,199 | -€2,096 | -0.6% |
| Fixed assets | 21/28 | €13,700 | €10,071 | -€3,629 | -26.5% |
| Tangible fixed assets | 22/27 | €13,700 | €10,071 | -€3,629 | -26.5% |
| Land and buildings | 22 | €8,798 | €7,513 | -€1,285 | -14.6% |
| Furniture and vehicles | 24 | €4,902 | €2,558 | -€2,344 | -47.8% |
| Current assets | 29/58 | €365,595 | €367,128 | +€1,533 | +0.4% |
| Amounts receivable after more than one year | 29 | €67,093 | €52,703 | -€14,391 | -21.4% |
| Trade receivables | 290 | €67,093 | €52,703 | -€14,391 | -21.4% |
| Amounts receivable within one year | 40/41 | €233,125 | €234,868 | +€1,742 | +0.7% |
| Trade receivables | 40 | - | €974 | +€974 | |
| Other amounts receivable | 41 | €233,125 | €233,894 | +€768 | +0.3% |
| Cash at bank and in hand | 54/58 | €64,700 | €78,795 | +€14,095 | +21.8% |
| Deferred charges and accrued income | 490/1 | €677 | €764 | +€86 | +12.8% |
| Total equity and liabilities | 10/49 | €379,295 | €377,199 | -€2,096 | -0.6% |
| Equity | 10/15 | €87,549 | €83,926 | -€3,623 | -4.1% |
| Contributions | 10/11 | €87,500 | €87,500 | = | 0.0% |
| Capital | 10 | €87,500 | €87,500 | = | 0.0% |
| Issued capital | 100 | €87,500 | €87,500 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€251 | -€3,874 | -€3,623 | -1,444% |
| Amounts payable | 17/49 | €291,746 | €293,273 | +€1,527 | +0.5% |
| Amounts payable after more than one year | 17 | €270,329 | €270,329 | = | 0.0% |
| Financial debts | 170/4 | €270,329 | €270,329 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,258 | €4,285 | +€1,027 | +31.5% |
| Trade debts | 44 | - | €24 | +€24 | |
| Suppliers | 440/4 | - | €24 | +€24 | |
| Taxes, remuneration and social security | 45 | €3,182 | €4,185 | +€1,003 | +31.5% |
| Taxes | 450/3 | €3,182 | €4,185 | +€1,003 | +31.5% |
| Other amounts payable | 47/48 | €76 | €76 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18,159 | €18,659 | +€500 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,049 | €3,629 | -€420 | -10.4% |
| Other operating charges | 640/8 | €2,962 | €3,056 | +€94 | +3.2% |
| Gross operating margin | 9900 | €450 | €1,300 | +€851 | +189% |
| Operating profit (loss) | 9901 | -€6,562 | -€5,384 | +€1,177 | +17.9% |
| Financial income | 75/76B | €2,764 | €2,037 | -€727 | -26.3% |
| Recurring financial income | 75 | €2,764 | €2,037 | -€727 | -26.3% |
| Financial charges | 65/66B | €190 | €276 | +€85 | +44.9% |
| Recurring financial charges | 65 | €190 | €276 | +€85 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,988 | -€3,623 | +€364 | +9.1% |
| Profit (loss) for the period | 9904 | -€3,988 | -€3,623 | +€364 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,988 | -€3,623 | +€364 | +9.1% |
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 16 October 2026 via checked.be.