AAD: 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.
AAD
Largest movements
- Cash -€21,913
down €21,913 (-36.7%), from €59,729 to €37,816
mainly Tax, wage and social debts (-€13,867) and Net result for the year (-€12,445)
- Tangible fixed assets -€2,377
down €2,377 (-36.6%), from €6,496 to €4,119
- Receivables within one year -€2,200
down €2,200 (-8.4%), from €26,126 to €23,926
of which Trade receivables: -€3,190
- Tax, wage and social debts -€13,867
down €13,867 (-86.2%), from €16,079 to €2,213
of which Remuneration and social security: -€11,659
- Profit (loss) carried forward -€12,445
down €12,445 (-17.0%), from €73,181 to €60,736
- Staff costs -€15,804
down €15,804 (-41.4%), from €38,178 to €22,373
- Gross operating margin -€11,292
down €11,292 (-48.3%), from €23,373 to €12,080
- Other operating charges -€667
down €667 (-56.2%), from €1,187 to €520
- Depreciation -€256
down €256 (-9.7%), from €2,633 to €2,377
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 | €92,688 | €66,589 | -€26,099 | -28.2% |
| Fixed assets | 21/28 | €6,496 | €4,119 | -€2,377 | -36.6% |
| Tangible fixed assets | 22/27 | €6,496 | €4,119 | -€2,377 | -36.6% |
| Furniture and vehicles | 24 | €6,496 | €4,119 | -€2,377 | -36.6% |
| Current assets | 29/58 | €86,192 | €62,470 | -€23,722 | -27.5% |
| Amounts receivable within one year | 40/41 | €26,126 | €23,926 | -€2,200 | -8.4% |
| Trade receivables | 40 | €8,905 | €5,715 | -€3,190 | -35.8% |
| Other amounts receivable | 41 | €17,221 | €18,211 | +€990 | +5.7% |
| Cash at bank and in hand | 54/58 | €59,729 | €37,816 | -€21,913 | -36.7% |
| Deferred charges and accrued income | 490/1 | €337 | €728 | +€391 | +115.8% |
| Total equity and liabilities | 10/49 | €92,688 | €66,589 | -€26,099 | -28.2% |
| Equity | 10/15 | €75,181 | €62,736 | -€12,445 | -16.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,181 | €60,736 | -€12,445 | -17.0% |
| Amounts payable | 17/49 | €17,507 | €3,854 | -€13,654 | -78.0% |
| Amounts payable within one year | 42/48 | €17,507 | €3,854 | -€13,654 | -78.0% |
| Financial debts | 43 | €510 | €500 | -€10 | -2.0% |
| Credit institutions | 430/8 | €510 | €500 | -€10 | -2.0% |
| Trade debts | 44 | €918 | €1,141 | +€223 | +24.3% |
| Suppliers | 440/4 | €918 | €1,141 | +€223 | +24.3% |
| Taxes, remuneration and social security | 45 | €16,079 | €2,213 | -€13,867 | -86.2% |
| Taxes | 450/3 | €4,420 | €2,213 | -€2,207 | -49.9% |
| Remuneration and social security | 454/9 | €11,659 | - | -€11,659 | |
| Remuneration, social security and pensions | 62 | €38,178 | €22,373 | -€15,804 | -41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,633 | €2,377 | -€256 | -9.7% |
| Other operating charges | 640/8 | €1,187 | €520 | -€667 | -56.2% |
| Gross operating margin | 9900 | €23,373 | €12,080 | -€11,292 | -48.3% |
| Operating profit (loss) | 9901 | -€18,624 | -€13,189 | +€5,435 | +29.2% |
| Financial income | 75/76B | €1,026 | €957 | -€68 | -6.7% |
| Recurring financial income | 75 | €1,026 | €957 | -€68 | -6.7% |
| Financial charges | 65/66B | €293 | €213 | -€80 | -27.3% |
| Recurring financial charges | 65 | €293 | €213 | -€80 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,891 | -€12,445 | +€5,446 | +30.4% |
| Profit (loss) for the period | 9904 | -€17,891 | -€12,445 | +€5,446 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,891 | -€12,445 | +€5,446 | +30.4% |
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 12 October 2026 via checked.be.