AAD Holdings: 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 Holdings
Largest movements
- Cash -€36,820
down €36,820 (-32.9%), from €111,936 to €75,115
mainly Net result for the year (-€46,089) and Deferred charges and accrued income (-€18,008)
- Deferred charges and accrued income +€18,008
up €18,008, from €0 to €18,008
- Profit (loss) carried forward -€46,089
down €46,089 (-46.0%), from -€100,245 to -€146,334
- Accrued charges and deferred income +€23,278
up €23,278 (+98.5%), from €23,624 to €46,902
- Financial charges +€29,774
up €29,774 (+337%), from €8,844 to €38,618
- Gross operating margin -€21,212
down €21,212 (-511%), from -€4,155 to -€25,367
- Financial income +€16,991
up €16,991 (+1,670%), from €1,018 to €18,008
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 | €938,980 | €920,167 | -€18,812 | -2.0% |
| Fixed assets | 21/28 | €827,044 | €827,044 | = | 0.0% |
| Financial fixed assets | 28 | €827,044 | €827,044 | = | 0.0% |
| Current assets | 29/58 | €111,936 | €93,123 | -€18,812 | -16.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €111,936 | €75,115 | -€36,820 | -32.9% |
| Deferred charges and accrued income | 490/1 | €0 | €18,008 | +€18,008 | |
| Total equity and liabilities | 10/49 | €938,980 | €920,167 | -€18,812 | -2.0% |
| Equity | 10/15 | -€99,245 | -€145,334 | -€46,089 | -46.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,245 | -€146,334 | -€46,089 | -46.0% |
| Amounts payable | 17/49 | €1,038,224 | €1,065,502 | +€27,277 | +2.6% |
| Amounts payable within one year | 42/48 | €1,014,601 | €1,018,599 | +€3,999 | +0.4% |
| Trade debts | 44 | €5,701 | €5,278 | -€423 | -7.4% |
| Suppliers | 440/4 | €5,701 | €5,278 | -€423 | -7.4% |
| Other amounts payable | 47/48 | €1,008,900 | €1,013,322 | +€4,422 | +0.4% |
| Accrued charges and deferred income | 492/3 | €23,624 | €46,902 | +€23,278 | +98.5% |
| Other operating charges | 640/8 | €77 | €62 | -€15 | -19.5% |
| Gross operating margin | 9900 | -€4,155 | -€25,367 | -€21,212 | -511% |
| Operating profit (loss) | 9901 | -€4,232 | -€25,429 | -€21,197 | -501% |
| Financial income | 75/76B | €1,018 | €18,008 | +€16,991 | +1,670% |
| Recurring financial income | 75 | €1,018 | €18,008 | +€16,991 | +1,670% |
| Financial charges | 65/66B | €8,844 | €38,618 | +€29,774 | +337% |
| Recurring financial charges | 65 | €8,844 | €38,618 | +€29,774 | +337% |
| Profit (loss) for the period before taxes | 9903 | -€12,059 | -€46,039 | -€33,980 | -282% |
| Income taxes | 67/77 | - | €51 | +€51 | |
| Profit (loss) for the period | 9904 | -€12,059 | -€46,089 | -€34,031 | -282% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,059 | -€46,089 | -€34,031 | -282% |
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 28 October 2026 via checked.be.