A.D. PERFORMANCES: 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.
What changed
A.D. PERFORMANCES
NACE 68.310, Real estate agency activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€735,658
2024 · -€45,597+€781,254
Equity
€2.3m
2024 · €1.6m+€733,801
Cash
€962
2024 · €598+€364
Balance sheet total
€4.2m
2024 · €3.3m+€896,670
Largest movements
Assets
- Financial fixed assets +€1.2m
up €1.2m (+80.9%), from €1.4m to €2.6m
- Tangible fixed assets -€273,414
down €273,414 (-14.8%), from €1.9m to €1.6m
of which Land and buildings: -€284,525
Equity and liabilities
- Debts after one year -€940,169
down €940,169 (-71.0%), from €1.3m to €383,472
of which Financial debts: -€759,843
- Short-term financial debts +€864,850
up €864,850 (+20089.8%), from €4,305 to €869,155
- Reserves +€724,185
up €724,185 (+105.3%), from €687,896 to €1.4m
of which Tax-exempt reserves: +€724,185
- Provisions +€241,395
up €241,395 (+115.2%), from €209,567 to €450,962
Income statement
- Gross operating margin +€1.0m
up €1.0m (+797.2%), from €129,067 to €1.2m
- Taxes -€69,680
down €69,680 (-90.8%), from €76,729 to €7,049
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.
Result 2024
-€45,597
Gross operating margin
+€1.0m
Depreciation
+€2,493
Other operating charges
-€3,046
Financial income
+€2
Financial charges
+€11,232
Taxes
+€69,680
Deferred taxes and other
-€327,991
Result 2025
€735,658
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.
From operations
+€1.1m
Investment
-€986,409
Financing
-€81,496
Cash 2024
€598
From operations (derived)
+€1.1m
Net result for the year
+€735,658
Depreciation
+€90,878
Smaller working-capital items
-€3,194
Provisions
+€241,395
Trade debts
-€13,180
Accrued charges and deferred income
+€16,713
Investment (derived)
-€986,409
Investment in fixed assets (net)
-€986,409
Financing
-€81,496
Debts after one year
-€940,169
Current portion of long-term debt
-€4,321
Short-term financial debts
+€864,850
Contributions, distributions and other
-€1,857
Cash 2025
€962
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,314,027 | €4,210,697 | +€896,670 | +27.1% |
| Fixed assets | 21/28 | €3,297,551 | €4,193,082 | +€895,531 | +27.2% |
| Tangible fixed assets | 22/27 | €1,852,987 | €1,579,573 | -€273,414 | -14.8% |
| Land and buildings | 22 | €1,792,153 | €1,507,628 | -€284,525 | -15.9% |
| Plant, machinery and equipment | 23 | €555 | - | -€555 | |
| Furniture and vehicles | 24 | €60,278 | €71,944 | +€11,666 | +19.4% |
| Financial fixed assets | 28 | €1,444,564 | €2,613,509 | +€1.2m | +80.9% |
| Current assets | 29/58 | €16,476 | €17,615 | +€1,139 | +6.9% |
| Amounts receivable within one year | 40/41 | €15,878 | €15,096 | -€782 | -4.9% |
| Trade receivables | 40 | €15,878 | €15,096 | -€782 | -4.9% |
| Cash at bank and in hand | 54/58 | €598 | €962 | +€364 | +60.9% |
| Deferred charges and accrued income | 490/1 | - | €1,557 | +€1,557 | |
| Total equity and liabilities | 10/49 | €3,314,027 | €4,210,697 | +€896,670 | +27.1% |
| Equity | 10/15 | €1,554,484 | €2,288,285 | +€733,801 | +47.2% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Capital | 10 | €320,000 | €320,000 | = | 0.0% |
| Issued capital | 100 | €320,000 | €320,000 | = | 0.0% |
| Reserves | 13 | €687,896 | €1,412,081 | +€724,185 | +105.3% |
| Non-distributable reserves | 130/1 | €32,000 | €32,000 | = | 0.0% |
| Legal reserve | 130 | €32,000 | €32,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €634,577 | €1,358,762 | +€724,185 | +114.1% |
| Distributable reserves | 133 | €21,319 | €21,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | €546,588 | €556,204 | +€9,616 | +1.8% |
| Provisions and deferred taxes | 16 | €209,567 | €450,962 | +€241,395 | +115.2% |
| Deferred taxes | 168 | €209,567 | €450,962 | +€241,395 | +115.2% |
| Amounts payable | 17/49 | €1,549,976 | €1,471,450 | -€78,526 | -5.1% |
| Amounts payable after more than one year | 17 | €1,323,641 | €383,472 | -€940,169 | -71.0% |
| Financial debts | 170/4 | €996,189 | €236,346 | -€759,843 | -76.3% |
| Other amounts payable | 178/9 | €327,452 | €147,126 | -€180,326 | -55.1% |
| Amounts payable within one year | 42/48 | €179,167 | €1,024,097 | +€844,930 | +471.6% |
| Current portion of amounts payable after more than one year | 42 | €72,497 | €68,176 | -€4,321 | -6.0% |
| Financial debts | 43 | €4,305 | €869,155 | +€864,850 | +20089.8% |
| Credit institutions | 430/8 | €4,305 | €869,155 | +€864,850 | +20089.8% |
| Trade debts | 44 | €16,632 | €3,452 | -€13,180 | -79.2% |
| Suppliers | 440/4 | €16,632 | €3,452 | -€13,180 | -79.2% |
| Taxes, remuneration and social security | 45 | €85,733 | €83,313 | -€2,420 | -2.8% |
| Taxes | 450/3 | €85,733 | €83,313 | -€2,420 | -2.8% |
| Accrued charges and deferred income | 492/3 | €47,168 | €63,881 | +€16,713 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,371 | €90,878 | -€2,493 | -2.7% |
| Other operating charges | 640/8 | €16,485 | €19,531 | +€3,046 | +18.5% |
| Gross operating margin | 9900 | €129,067 | €1,157,952 | +€1.0m | +797.2% |
| Operating profit (loss) | 9901 | €19,212 | €1,047,543 | +€1.0m | +5352.6% |
| Financial income | 75/76B | €0 | €2 | +€2 | +1016.7% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +1016.7% |
| Financial charges | 65/66B | €76,532 | €65,300 | -€11,232 | -14.7% |
| Recurring financial charges | 65 | €76,532 | €65,300 | -€11,232 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€57,320 | €982,245 | +€1.0m | |
| Transfer from deferred taxes | 780 | €88,453 | €10,441 | -€78,012 | -88.2% |
| Transfer to deferred taxes | 680 | - | €249,979 | +€249,979 | |
| Income taxes | 67/77 | €76,729 | €7,049 | -€69,680 | -90.8% |
| Profit (loss) for the period | 9904 | -€45,597 | €735,658 | +€781,254 | |
| Transfer from tax-exempt reserves | 789 | €265,358 | €23,894 | -€241,463 | -91.0% |
| Transfer to tax-exempt reserves | 689 | - | €749,936 | +€749,936 | |
| Profit (loss) for the period to be appropriated | 9905 | €219,761 | €9,616 | -€210,145 | -95.6% |
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 11 October 2026 via checked.be.