A.D.S.: 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.S.
Largest movements
- Cash -€4,203
down €4,203 (-26.9%), from €15,640 to €11,437
mainly Net result for the year (-€4,436) and Receivables within one year (-€219)
- Receivables within one year +€219
up €219 (+29.4%), from €745 to €964
of which Other amounts receivable: +€219
- Profit (loss) carried forward -€4,436
down €4,436 (-2.5%), from -€178,520 to -€182,956
- Trade debts +€437
up €437 (+475%), from €92 to €529
- Gross operating margin +€1,272
up €1,272 (+26.2%), from -€4,860 to -€3,588
- Financial charges +€462
up €462 (+307%), from €150 to €612
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 | €17,165 | €13,166 | -€3,999 | -23.3% |
| Current assets | 29/58 | €17,165 | €13,166 | -€3,999 | -23.3% |
| Stocks and contracts in progress | 3 | €780 | €765 | -€15 | -1.9% |
| Stocks | 30/36 | €780 | €765 | -€15 | -1.9% |
| Amounts receivable within one year | 40/41 | €745 | €964 | +€219 | +29.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €745 | €964 | +€219 | +29.4% |
| Cash at bank and in hand | 54/58 | €15,640 | €11,437 | -€4,203 | -26.9% |
| Total equity and liabilities | 10/49 | €17,165 | €13,166 | -€3,999 | -23.3% |
| Equity | 10/15 | €6,710 | €2,274 | -€4,436 | -66.1% |
| Contributions | 10/11 | €101,636 | €101,636 | = | 0.0% |
| Capital | 10 | €101,636 | €101,636 | = | 0.0% |
| Issued capital | 100 | €101,636 | €101,636 | = | 0.0% |
| Reserves | 13 | €83,594 | €83,594 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,164 | €10,164 | = | 0.0% |
| Legal reserve | 130 | €10,164 | €10,164 | = | 0.0% |
| Tax-exempt reserves | 132 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €72,931 | €72,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,520 | -€182,956 | -€4,436 | -2.5% |
| Amounts payable | 17/49 | €10,455 | €10,892 | +€437 | +4.2% |
| Amounts payable within one year | 42/48 | €10,455 | €10,892 | +€437 | +4.2% |
| Trade debts | 44 | €92 | €529 | +€437 | +475% |
| Suppliers | 440/4 | €92 | €529 | +€437 | +475% |
| Other amounts payable | 47/48 | €10,363 | €10,363 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €219 | €236 | +€17 | +7.7% |
| Gross operating margin | 9900 | -€4,860 | -€3,588 | +€1,272 | +26.2% |
| Operating profit (loss) | 9901 | -€5,079 | -€3,824 | +€1,255 | +24.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €150 | €612 | +€462 | +307% |
| Recurring financial charges | 65 | €150 | €612 | +€462 | +307% |
| Profit (loss) for the period before taxes | 9903 | -€5,229 | -€4,436 | +€793 | +15.2% |
| Profit (loss) for the period | 9904 | -€5,229 | -€4,436 | +€793 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,229 | -€4,436 | +€793 | +15.2% |
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 14 October 2026 via checked.be.