AD ASSURANCES: what changed
Two fiscal 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.
AD ASSURANCES
Largest movements
- Cash +€144,180
up €144,180 (+181.2%), from €79,575 to €223,755
mainly Current investments (+€95,380) and Net result for the year (+€42,389)
- Current investments -€95,380
no longer reported in 2025 (was €95,380)
- Tangible fixed assets -€6,488
down €6,488 (-36.9%), from €17,579 to €11,091
of which Furniture and vehicles: -€4,752
- Receivables within one year -€5,341
down €5,341 (-89.9%), from €5,943 to €602
- Reserves +€42,389
up €42,389 (+30.3%), from €139,954 to €182,343
- Debts after one year -€4,773
down €4,773 (-56.4%), from €8,462 to €3,689
- Gross operating margin -€4,390
down €4,390 (-5.9%), from €74,776 to €70,387
- Depreciation -€935
down €935 (-10.4%), from €8,961 to €8,025
- Taxes -€773
down €773 (-3.7%), from €21,070 to €20,297
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 | €199,715 | €237,236 | +€37,521 | +18.8% |
| Fixed assets | 21/28 | €17,629 | €11,141 | -€6,488 | -36.8% |
| Tangible fixed assets | 22/27 | €17,579 | €11,091 | -€6,488 | -36.9% |
| Furniture and vehicles | 24 | €15,823 | €11,071 | -€4,752 | -30.0% |
| Other tangible fixed assets | 26 | €1,756 | €20 | -€1,735 | -98.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €182,086 | €226,095 | +€44,009 | +24.2% |
| Amounts receivable within one year | 40/41 | €5,943 | €602 | -€5,341 | -89.9% |
| Trade receivables | 40 | €5,943 | €602 | -€5,341 | -89.9% |
| Current investments | 50/53 | €95,380 | - | -€95,380 | |
| Cash at bank and in hand | 54/58 | €79,575 | €223,755 | +€144,180 | +181.2% |
| Deferred charges and accrued income | 490/1 | €1,188 | €1,737 | +€550 | +46.3% |
| Total equity and liabilities | 10/49 | €199,715 | €237,236 | +€37,521 | +18.8% |
| Equity | 10/15 | €146,154 | €188,543 | +€42,389 | +29.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €139,954 | €182,343 | +€42,389 | +30.3% |
| Distributable reserves | 133 | €139,954 | €182,343 | +€42,389 | +30.3% |
| Amounts payable | 17/49 | €53,561 | €48,693 | -€4,868 | -9.1% |
| Amounts payable after more than one year | 17 | €8,462 | €3,689 | -€4,773 | -56.4% |
| Financial debts | 170/4 | €8,462 | €3,689 | -€4,773 | -56.4% |
| Amounts payable within one year | 42/48 | €45,099 | €45,004 | -€95 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €8,042 | €8,231 | +€189 | +2.4% |
| Trade debts | 44 | €1,106 | €310 | -€797 | -72.0% |
| Suppliers | 440/4 | €1,106 | €310 | -€797 | -72.0% |
| Taxes, remuneration and social security | 45 | €14,915 | €17,170 | +€2,255 | +15.1% |
| Taxes | 450/3 | €12,565 | €14,820 | +€2,255 | +17.9% |
| Remuneration and social security | 454/9 | €2,350 | €2,350 | = | 0.0% |
| Other amounts payable | 47/48 | €21,036 | €19,293 | -€1,743 | -8.3% |
| Remuneration, social security and pensions | 62 | €87 | - | -€87 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,961 | €8,025 | -€935 | -10.4% |
| Other operating charges | 640/8 | €244 | €20 | -€224 | -91.8% |
| Gross operating margin | 9900 | €74,776 | €70,387 | -€4,390 | -5.9% |
| Operating profit (loss) | 9901 | €65,485 | €62,341 | -€3,143 | -4.8% |
| Financial income | 75/76B | €1,298 | €1,157 | -€142 | -10.9% |
| Recurring financial income | 75 | €1,298 | €1,157 | -€142 | -10.9% |
| Financial charges | 65/66B | €1,406 | €812 | -€594 | -42.2% |
| Recurring financial charges | 65 | €1,406 | €812 | -€594 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €65,377 | €62,686 | -€2,691 | -4.1% |
| Income taxes | 67/77 | €21,070 | €20,297 | -€773 | -3.7% |
| Profit (loss) for the period | 9904 | €44,306 | €42,389 | -€1,917 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,306 | €42,389 | -€1,917 | -4.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.