A.D.S.: what changed
Two fiscal 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
- Tangible fixed assets -€2,892
down €2,892 (-6.3%), from €46,122 to €43,229
of which Furniture and vehicles: -€2,892
- Cash -€2,264
down €2,264 (-42.5%), from €5,331 to €3,067
mainly Accrued charges and deferred income (-€11,100) and Investment in fixed assets (net) (-€1,370)
- Accrued charges and deferred income -€11,100
down €11,100 (-7.8%), from €141,450 to €130,350
- Profit (loss) carried forward +€5,515
up €5,515 (+1.7%), from -€320,723 to -€315,207
- Financial income +€6,500
new in 2026: €6,500
of which Non-recurring financial income: +€6,500
- Other operating charges -€2,239
down €2,239 (-43.6%), from €5,135 to €2,896
- Gross operating margin +€448
up €448 (+7.5%), from €6,000 to €6,448
- Financial charges -€97
down €97 (-48.0%), from €202 to €105
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,484 | €48,899 | -€5,585 | -10.3% |
| Fixed assets | 21/28 | €46,122 | €43,229 | -€2,892 | -6.3% |
| Tangible fixed assets | 22/27 | €46,122 | €43,229 | -€2,892 | -6.3% |
| Land and buildings | 22 | €33,450 | €33,450 | = | 0.0% |
| Furniture and vehicles | 24 | €12,672 | €9,779 | -€2,892 | -22.8% |
| Current assets | 29/58 | €8,363 | €5,670 | -€2,692 | -32.2% |
| Amounts receivable within one year | 40/41 | €2,001 | €2,001 | = | 0.0% |
| Other amounts receivable | 41 | €2,001 | €2,001 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,331 | €3,067 | -€2,264 | -42.5% |
| Deferred charges and accrued income | 490/1 | €1,031 | €603 | -€429 | -41.5% |
| Total equity and liabilities | 10/49 | €54,484 | €48,899 | -€5,585 | -10.3% |
| Equity | 10/15 | -€86,966 | -€81,451 | +€5,515 | +6.3% |
| Contributions | 10/11 | €84,284 | €84,284 | = | 0.0% |
| Capital | 10 | €84,284 | €84,284 | = | 0.0% |
| Issued capital | 100 | €84,284 | €84,284 | = | 0.0% |
| Reserves | 13 | €149,472 | €149,472 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,428 | €8,428 | = | 0.0% |
| Legal reserve | 130 | €8,428 | €8,428 | = | 0.0% |
| Distributable reserves | 133 | €141,044 | €141,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€320,723 | -€315,207 | +€5,515 | +1.7% |
| Amounts payable | 17/49 | €141,450 | €130,350 | -€11,100 | -7.8% |
| Accrued charges and deferred income | 492/3 | €141,450 | €130,350 | -€11,100 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,221 | €4,263 | +€42 | +1.0% |
| Other operating charges | 640/8 | €5,135 | €2,896 | -€2,239 | -43.6% |
| Non-recurring operating charges | 66A | - | €169 | +€169 | |
| Gross operating margin | 9900 | €6,000 | €6,448 | +€448 | +7.5% |
| Operating profit (loss) | 9901 | -€3,355 | -€880 | +€2,476 | +73.8% |
| Financial income | 75/76B | - | €6,500 | +€6,500 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €6,500 | +€6,500 | |
| Financial charges | 65/66B | €202 | €105 | -€97 | -48.0% |
| Recurring financial charges | 65 | €202 | €105 | -€97 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,557 | €5,515 | +€9,073 | |
| Profit (loss) for the period | 9904 | -€3,557 | €5,515 | +€9,073 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,557 | €5,515 | +€9,073 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.