AADS: what changed
AADS
Largest movements
- Tangible fixed assets -€3,525
down €3,525 (-3.7%), from €95,900 to €92,375
of which Land and buildings: -€3,525
- Receivables within one year -€2,053
down €2,053 (-100%), from €2,053 to €0
of which Trade receivables: -€2,053
- Stocks and contracts -€1,134
down €1,134 (-25.8%), from €4,394 to €3,260
- Debts after one year -€16,643
down €16,643 (-100%), from €16,643 to €0
- Reserves +€8,900
up €8,900 (+79.1%), from €11,250 to €20,150
of which Distributable reserves: +€8,900
- Other debts -€3,514
down €3,514 (-15.9%), from €22,070 to €18,556
- Tax, wage and social debts +€1,969
up €1,969 (+69.4%), from €2,837 to €4,806
of which Remuneration and social security: +€1,093
- Trade debts +€1,494
up €1,494 (+307%), from €486 to €1,980
- Purchases and services -€11,597
down €11,597 (-35.2%), from €32,946 to €21,349
- Gross operating margin +€9,977
up €9,977 (+44.7%), from €22,325 to €32,302
- Financial income -€6,480
down €6,480 (-100.0%), from €6,480 to €0
- Staff costs +€6,288
up €6,288 (+173%), from €3,628 to €9,915
- Other operating charges +€2,686
up €2,686 (+223%), from €1,207 to €3,892
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,160 | €99,231 | -€6,929 | -6.5% |
| Fixed assets | 21/28 | €98,151 | €93,564 | -€4,587 | -4.7% |
| Intangible fixed assets | 21 | €2,251 | €1,189 | -€1,061 | -47.2% |
| Tangible fixed assets | 22/27 | €95,900 | €92,375 | -€3,525 | -3.7% |
| Land and buildings | 22 | €95,900 | €92,375 | -€3,525 | -3.7% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | -€0 | -100% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €8,009 | €5,667 | -€2,342 | -29.2% |
| Stocks and contracts in progress | 3 | €4,394 | €3,260 | -€1,134 | -25.8% |
| Stocks | 30/36 | €4,394 | €3,260 | -€1,134 | -25.8% |
| Amounts receivable within one year | 40/41 | €2,053 | €0 | -€2,053 | -100% |
| Trade receivables | 40 | €2,053 | €0 | -€2,053 | -100% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €1,150 | €1,805 | +€655 | +56.9% |
| Deferred charges and accrued income | 490/1 | €411 | €602 | +€191 | +46.4% |
| Total equity and liabilities | 10/49 | €106,160 | €99,231 | -€6,929 | -6.5% |
| Equity | 10/15 | €53,832 | €62,828 | +€8,996 | +16.7% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Contributions outside capital | 11 | €8,600 | €8,600 | = | 0.0% |
| Other | 1109/19 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €11,250 | €20,150 | +€8,900 | +79.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €11,250 | €20,150 | +€8,900 | +79.1% |
| Profit (loss) carried forward | 14 | €33,982 | €34,078 | +€96 | +0.3% |
| Amounts payable | 17/49 | €52,328 | €36,403 | -€15,925 | -30.4% |
| Amounts payable after more than one year | 17 | €16,643 | €0 | -€16,643 | -100% |
| Financial debts | 170/4 | €16,643 | €0 | -€16,643 | -100% |
| Amounts payable within one year | 42/48 | €35,685 | €36,403 | +€718 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | €10,291 | €11,061 | +€769 | +7.5% |
| Credit institutions | 430/8 | €10,291 | €11,061 | +€769 | +7.5% |
| Trade debts | 44 | €486 | €1,980 | +€1,494 | +307% |
| Suppliers | 440/4 | €486 | €1,980 | +€1,494 | +307% |
| Taxes, remuneration and social security | 45 | €2,837 | €4,806 | +€1,969 | +69.4% |
| Taxes | 450/3 | €1,337 | €2,214 | +€876 | +65.5% |
| Remuneration and social security | 454/9 | €1,500 | €2,593 | +€1,093 | +72.8% |
| Other amounts payable | 47/48 | €22,070 | €18,556 | -€3,514 | -15.9% |
| Turnover | 70 | €53,396 | €52,001 | -€1,395 | -2.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €32,946 | €21,349 | -€11,597 | -35.2% |
| Remuneration, social security and pensions | 62 | €3,628 | €9,915 | +€6,288 | +173% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,587 | €4,587 | = | 0.0% |
| Other operating charges | 640/8 | €1,207 | €3,892 | +€2,686 | +223% |
| Gross operating margin | 9900 | €22,325 | €32,302 | +€9,977 | +44.7% |
| Operating profit (loss) | 9901 | €12,904 | €13,908 | +€1,004 | +7.8% |
| Financial income | 75/76B | €6,480 | €0 | -€6,480 | -100.0% |
| Recurring financial income | 75 | €6,480 | €0 | -€6,480 | -100.0% |
| Financial charges | 65/66B | €1,721 | €1,267 | -€454 | -26.4% |
| Recurring financial charges | 65 | €1,721 | €1,267 | -€454 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €17,663 | €12,641 | -€5,022 | -28.4% |
| Income taxes | 67/77 | €6,000 | €3,644 | -€2,356 | -39.3% |
| Profit (loss) for the period | 9904 | €11,663 | €8,996 | -€2,666 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,663 | €8,996 | -€2,666 | -22.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.