A-DB: what changed
What changed
A-DB
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€703
2024 · €9,532-€8,829
Equity
€113,604
2024 · €112,901+€703
Cash
€9,478
2024 · €25,390-€15,911
Balance sheet total
€176,727
2024 · €160,658+€16,068
Largest movements
Assets
- Receivables within one year +€32,073
up €32,073 (+26,952%), from €119 to €32,192
- Cash -€15,911
down €15,911 (-62.7%), from €25,390 to €9,478
mainly Receivables within one year (-€32,073) and Investment in fixed assets (net) (-€28,000)
Equity and liabilities
- Other debts +€25,172
up €25,172 (+441%), from €5,707 to €30,878
- Debts after one year -€10,422
down €10,422 (-66.0%), from €15,800 to €5,379
- Tax, wage and social debts -€2,620
down €2,620 (-16.8%), from €15,554 to €12,934
- Trade debts +€2,482
up €2,482 (+463%), from €537 to €3,018
Income statement
- Depreciation +€6,321
up €6,321 (+27.4%), from €23,109 to €29,430
- Gross operating margin -€4,232
down €4,232 (-9.4%), from €45,057 to €40,825
- Taxes -€1,993
down €1,993 (-22.3%), from €8,936 to €6,943
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,532
Gross operating margin
-€4,232
Depreciation
-€6,321
Other operating charges
-€250
Financial charges
-€18
Taxes
+€1,993
Result 2025
€703
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€22,077
Investment
-€28,000
Financing
-€9,989
Cash 2024
€25,390
From operations (derived)
+€22,077
Net result for the year
+€703
Depreciation
+€29,430
Receivables within one year
-€32,073
Deferred charges and accrued income
-€1,337
Trade debts
+€2,482
Tax, wage and social debts
-€2,620
Other debts
+€25,172
Accrued charges and deferred income
+€321
Investment (derived)
-€28,000
Investment in fixed assets (net)
-€28,000
Financing
-€9,989
Debts after one year
-€10,422
Current portion of long-term debt
+€433
Cash 2025
€9,478
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,658 | €176,727 | +€16,068 | +10.0% |
| Fixed assets | 21/28 | €133,834 | €132,405 | -€1,430 | -1.1% |
| Tangible fixed assets | 22/27 | €133,834 | €132,405 | -€1,430 | -1.1% |
| Plant, machinery and equipment | 23 | €2,745 | €1,243 | -€1,501 | -54.7% |
| Furniture and vehicles | 24 | €131,090 | €131,161 | +€71 | +0.1% |
| Current assets | 29/58 | €26,824 | €44,322 | +€17,498 | +65.2% |
| Amounts receivable within one year | 40/41 | €119 | €32,192 | +€32,073 | +26,952% |
| Trade receivables | 40 | €119 | €32,192 | +€32,073 | +26,952% |
| Cash at bank and in hand | 54/58 | €25,390 | €9,478 | -€15,911 | -62.7% |
| Deferred charges and accrued income | 490/1 | €1,315 | €2,652 | +€1,337 | +102% |
| Total equity and liabilities | 10/49 | €160,658 | €176,727 | +€16,068 | +10.0% |
| Equity | 10/15 | €112,901 | €113,604 | +€703 | +0.6% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €104,142 | €104,142 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €104,142 | €104,142 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,759 | €9,462 | +€703 | +8.0% |
| Amounts payable | 17/49 | €47,758 | €63,123 | +€15,365 | +32.2% |
| Amounts payable after more than one year | 17 | €15,800 | €5,379 | -€10,422 | -66.0% |
| Financial debts | 170/4 | €15,800 | €5,379 | -€10,422 | -66.0% |
| Amounts payable within one year | 42/48 | €31,786 | €57,252 | +€25,466 | +80.1% |
| Current portion of amounts payable after more than one year | 42 | €9,989 | €10,422 | +€433 | +4.3% |
| Trade debts | 44 | €537 | €3,018 | +€2,482 | +463% |
| Suppliers | 440/4 | €537 | €3,018 | +€2,482 | +463% |
| Taxes, remuneration and social security | 45 | €15,554 | €12,934 | -€2,620 | -16.8% |
| Taxes | 450/3 | €15,554 | €12,934 | -€2,620 | -16.8% |
| Other amounts payable | 47/48 | €5,707 | €30,878 | +€25,172 | +441% |
| Accrued charges and deferred income | 492/3 | €172 | €492 | +€321 | +187% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,109 | €29,430 | +€6,321 | +27.4% |
| Other operating charges | 640/8 | €1,606 | €1,856 | +€250 | +15.6% |
| Gross operating margin | 9900 | €45,057 | €40,825 | -€4,232 | -9.4% |
| Operating profit (loss) | 9901 | €20,342 | €9,539 | -€10,803 | -53.1% |
| Financial charges | 65/66B | €1,875 | €1,893 | +€18 | +1.0% |
| Recurring financial charges | 65 | €1,875 | €1,893 | +€18 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €18,467 | €7,646 | -€10,822 | -58.6% |
| Income taxes | 67/77 | €8,936 | €6,943 | -€1,993 | -22.3% |
| Profit (loss) for the period | 9904 | €9,532 | €703 | -€8,829 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,532 | €703 | -€8,829 | -92.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.