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
- Receivables within one year -€6,920
down €6,920 (-99.9%), from €6,928 to €7
of which Trade receivables: -€6,928
- Stocks and contracts -€5,700
down €5,700 (-6.3%), from €90,000 to €84,300
- Trade debts -€9,259
down €9,259 (-38.9%), from €23,785 to €14,526
- Other debts +€7,900
up €7,900 (+10.0%), from €79,286 to €87,187
- Tax, wage and social debts -€7,158
down €7,158 (-100.0%), from €7,158 to €0
- Reserves -€3,963
down €3,963 (-85.5%), from €4,635 to €672
of which Distributable reserves: -€3,765
- Profit (loss) carried forward +€1,542
up €1,542 (+1.3%), from -€116,207 to -€114,665
- Write-downs -€18,379
down €18,379 (-100.0%), from €18,379 to €0
- Gross operating margin +€7,380
up €7,380 (+84.5%), from -€8,739 to -€1,359
- Financial charges -€1,734
down €1,734 (-93.2%), from €1,861 to €127
- Other operating charges -€1,305
down €1,305 (-58.8%), from €2,219 to €914
- Depreciation +€275
up €275, from €0 to €275
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,324 | €84,957 | -€12,367 | -12.7% |
| Fixed assets | 21/28 | - | €550 | +€550 | |
| Tangible fixed assets | 22/27 | - | €550 | +€550 | |
| Furniture and vehicles | 24 | - | €550 | +€550 | |
| Current assets | 29/58 | €97,324 | €84,407 | -€12,917 | -13.3% |
| Stocks and contracts in progress | 3 | €90,000 | €84,300 | -€5,700 | -6.3% |
| Stocks | 30/36 | €90,000 | €84,300 | -€5,700 | -6.3% |
| Amounts receivable within one year | 40/41 | €6,928 | €7 | -€6,920 | -99.9% |
| Trade receivables | 40 | €6,928 | €0 | -€6,928 | -100.0% |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €396 | €30 | -€366 | -92.4% |
| Deferred charges and accrued income | 490/1 | €0 | €69 | +€69 | |
| Total equity and liabilities | 10/49 | €97,324 | €84,957 | -€12,367 | -12.7% |
| Equity | 10/15 | -€36,572 | -€38,993 | -€2,421 | -6.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €4,635 | €672 | -€3,963 | -85.5% |
| Non-distributable reserves | 130/1 | €198 | €0 | -€198 | -100.0% |
| Reserves not available under the articles | 1311 | €198 | €0 | -€198 | -100.0% |
| Tax-exempt reserves | 132 | €672 | €672 | = | 0.0% |
| Distributable reserves | 133 | €3,765 | €0 | -€3,765 | -100.0% |
| Profit (loss) carried forward | 14 | -€116,207 | -€114,665 | +€1,542 | +1.3% |
| Amounts payable | 17/49 | €133,896 | €123,950 | -€9,946 | -7.4% |
| Amounts payable after more than one year | 17 | €22,237 | €22,237 | = | 0.0% |
| Financial debts | 170/4 | €22,237 | €22,237 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,659 | €101,713 | -€9,946 | -8.9% |
| Financial debts | 43 | €1,430 | €0 | -€1,430 | -100.0% |
| Credit institutions | 430/8 | €1,430 | €0 | -€1,430 | -100.0% |
| Trade debts | 44 | €23,785 | €14,526 | -€9,259 | -38.9% |
| Suppliers | 440/4 | €23,785 | €14,526 | -€9,259 | -38.9% |
| Taxes, remuneration and social security | 45 | €7,158 | €0 | -€7,158 | -100.0% |
| Taxes | 450/3 | €7,158 | €0 | -€7,158 | -100.0% |
| Other amounts payable | 47/48 | €79,286 | €87,187 | +€7,900 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €275 | +€275 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,379 | €0 | -€18,379 | -100.0% |
| Other operating charges | 640/8 | €2,219 | €914 | -€1,305 | -58.8% |
| Gross operating margin | 9900 | -€8,739 | -€1,359 | +€7,380 | +84.5% |
| Operating profit (loss) | 9901 | -€29,337 | -€2,548 | +€26,790 | +91.3% |
| Financial income | 75/76B | €262 | €254 | -€8 | -2.9% |
| Recurring financial income | 75 | €262 | €254 | -€8 | -2.9% |
| Financial charges | 65/66B | €1,861 | €127 | -€1,734 | -93.2% |
| Recurring financial charges | 65 | €1,861 | €127 | -€1,734 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | -€30,936 | -€2,421 | +€28,516 | +92.2% |
| Profit (loss) for the period | 9904 | -€30,936 | -€2,421 | +€28,516 | +92.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,936 | -€2,421 | +€28,516 | +92.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.