AADI: 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.
AADI
Largest movements
- Receivables within one year -€558,297
down €558,297 (-75.3%), from €741,169 to €182,872
of which Trade receivables: -€547,959
- Stocks and contracts +€411,861
up €411,861 (+174%), from €236,048 to €647,909
- Cash -€59,591
down €59,591 (-5.0%), from €1.2m to €1.1m
mainly Stocks and contracts (-€411,861) and Other debts (-€284,532)
- Deferred charges and accrued income -€26,092
down €26,092 (-50.0%), from €52,156 to €26,063
- Other debts -€284,532
down €284,532 (-45.9%), from €619,580 to €335,048
- Trade debts +€31,885
up €31,885 (+31.4%), from €101,648 to €133,533
- Gross operating margin -€556,594
down €556,594 (-97.6%), from €570,513 to €13,919
- Financial income +€14,683
up €14,683 (+72.2%), from €20,330 to €35,013
- Other operating charges +€7,399
up €7,399 (+502%), from €1,474 to €8,873
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 | €2,404,421 | €2,168,228 | -€236,193 | -9.8% |
| Fixed assets | 21/28 | €174,377 | €170,304 | -€4,073 | -2.3% |
| Tangible fixed assets | 22/27 | €174,377 | €170,304 | -€4,073 | -2.3% |
| Land and buildings | 22 | €174,376 | €170,303 | -€4,073 | -2.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €2,230,043 | €1,997,924 | -€232,120 | -10.4% |
| Stocks and contracts in progress | 3 | €236,048 | €647,909 | +€411,861 | +174% |
| Stocks | 30/36 | €236,048 | €647,909 | +€411,861 | +174% |
| Amounts receivable within one year | 40/41 | €741,169 | €182,872 | -€558,297 | -75.3% |
| Trade receivables | 40 | €568,217 | €20,259 | -€547,959 | -96.4% |
| Other amounts receivable | 41 | €172,952 | €162,614 | -€10,338 | -6.0% |
| Cash at bank and in hand | 54/58 | €1,200,670 | €1,141,079 | -€59,591 | -5.0% |
| Deferred charges and accrued income | 490/1 | €52,156 | €26,063 | -€26,092 | -50.0% |
| Total equity and liabilities | 10/49 | €2,404,421 | €2,168,228 | -€236,193 | -9.8% |
| Equity | 10/15 | €1,667,944 | €1,686,667 | +€18,723 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,649,344 | €1,668,067 | +€18,723 | +1.1% |
| Distributable reserves | 133 | €1,649,344 | €1,668,067 | +€18,723 | +1.1% |
| Amounts payable | 17/49 | €736,476 | €481,561 | -€254,915 | -34.6% |
| Amounts payable within one year | 42/48 | €736,476 | €481,561 | -€254,915 | -34.6% |
| Trade debts | 44 | €101,648 | €133,533 | +€31,885 | +31.4% |
| Suppliers | 440/4 | €101,648 | €133,533 | +€31,885 | +31.4% |
| Taxes, remuneration and social security | 45 | €15,248 | €12,980 | -€2,268 | -14.9% |
| Taxes | 450/3 | €8,142 | €8,336 | +€194 | +2.4% |
| Remuneration and social security | 454/9 | €7,107 | €4,644 | -€2,462 | -34.6% |
| Other amounts payable | 47/48 | €619,580 | €335,048 | -€284,532 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,483 | €4,073 | -€1,410 | -25.7% |
| Other operating charges | 640/8 | €1,474 | €8,873 | +€7,399 | +502% |
| Gross operating margin | 9900 | €570,513 | €13,919 | -€556,594 | -97.6% |
| Operating profit (loss) | 9901 | €563,557 | €974 | -€562,583 | -99.8% |
| Financial income | 75/76B | €20,330 | €35,013 | +€14,683 | +72.2% |
| Recurring financial income | 75 | €20,330 | €35,013 | +€14,683 | +72.2% |
| Financial charges | 65/66B | €2,834 | €3,776 | +€942 | +33.3% |
| Recurring financial charges | 65 | €2,834 | €3,776 | +€942 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €581,053 | €32,211 | -€548,842 | -94.5% |
| Income taxes | 67/77 | €10,476 | €13,488 | +€3,012 | +28.7% |
| Profit (loss) for the period | 9904 | €570,577 | €18,723 | -€551,854 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €570,577 | €18,723 | -€551,854 | -96.7% |
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 13 October 2026 via checked.be.