AADV: 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.
AADV
Largest movements
- Cash +€30,017
up €30,017 (+25.5%), from €117,570 to €147,587
mainly Other debts (+€53,072) and Receivables within one year (+€19,586)
- Receivables within one year -€19,586
down €19,586 (-56.1%), from €34,944 to €15,358
of which Other amounts receivable: -€20,100
- Other debts +€53,072
up €53,072 (+206%), from €25,789 to €78,861
- Profit (loss) carried forward -€46,128
down €46,128 (-735%), from -€6,278 to -€52,407
- Financial charges +€32,125
up €32,125 (+59.5%), from €53,998 to €86,123
- Gross operating margin +€4,271
up €4,271 (+11.6%), from €36,726 to €40,997
- Financial income -€862
down €862 (-44.4%), from €1,943 to €1,081
- Depreciation +€510
up €510 (+72.9%), from €700 to €1,210
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 | €157,227 | €166,448 | +€9,221 | +5.9% |
| Fixed assets | 21/28 | €4,713 | €3,503 | -€1,210 | -25.7% |
| Tangible fixed assets | 22/27 | €4,713 | €3,503 | -€1,210 | -25.7% |
| Furniture and vehicles | 24 | €2,254 | €1,299 | -€955 | -42.4% |
| Other tangible fixed assets | 26 | €2,459 | €2,204 | -€255 | -10.4% |
| Current assets | 29/58 | €152,515 | €162,945 | +€10,431 | +6.8% |
| Amounts receivable within one year | 40/41 | €34,944 | €15,358 | -€19,586 | -56.1% |
| Trade receivables | 40 | €14,520 | €15,034 | +€514 | +3.5% |
| Other amounts receivable | 41 | €20,424 | €324 | -€20,100 | -98.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €117,570 | €147,587 | +€30,017 | +25.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €157,227 | €166,448 | +€9,221 | +5.9% |
| Equity | 10/15 | €122,982 | €76,853 | -€46,128 | -37.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €123,060 | €123,060 | = | 0.0% |
| Distributable reserves | 133 | €123,060 | €123,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,278 | -€52,407 | -€46,128 | -735% |
| Amounts payable | 17/49 | €34,246 | €89,595 | +€55,349 | +162% |
| Amounts payable within one year | 42/48 | €34,246 | €89,595 | +€55,349 | +162% |
| Trade debts | 44 | €2,170 | €2,853 | +€683 | +31.5% |
| Suppliers | 440/4 | €2,170 | €2,853 | +€683 | +31.5% |
| Taxes, remuneration and social security | 45 | €6,286 | €7,880 | +€1,594 | +25.4% |
| Taxes | 450/3 | €2,784 | €4,887 | +€2,103 | +75.5% |
| Remuneration and social security | 454/9 | €3,502 | €2,993 | -€509 | -14.5% |
| Other amounts payable | 47/48 | €25,789 | €78,861 | +€53,072 | +206% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700 | €1,210 | +€510 | +72.9% |
| Other operating charges | 640/8 | €695 | €873 | +€178 | +25.6% |
| Gross operating margin | 9900 | €36,726 | €40,997 | +€4,271 | +11.6% |
| Operating profit (loss) | 9901 | €35,331 | €38,914 | +€3,583 | +10.1% |
| Financial income | 75/76B | €1,943 | €1,081 | -€862 | -44.4% |
| Recurring financial income | 75 | €1,943 | €1,081 | -€862 | -44.4% |
| Financial charges | 65/66B | €53,998 | €86,123 | +€32,125 | +59.5% |
| Recurring financial charges | 65 | €53,998 | €86,123 | +€32,125 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,724 | -€46,128 | -€29,404 | -176% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€16,724 | -€46,128 | -€29,404 | -176% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,724 | -€46,128 | -€29,404 | -176% |
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.