AD BROKERAGE: 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.
AD BROKERAGE
Largest movements
- Receivables within one year -€8,551
down €8,551 (-25.5%), from €33,550 to €24,998
of which Other amounts receivable: -€9,375
- Cash +€4,367
up €4,367 (+7.1%), from €61,454 to €65,821
mainly Net result for the year (+€25,252) and Receivables within one year (+€8,551)
- Tangible fixed assets -€3,137
down €3,137 (-30.8%), from €10,177 to €7,040
of which Furniture and vehicles: -€2,143
- Tax, wage and social debts -€3,731
down €3,731 (-67.6%), from €5,519 to €1,787
- Debts after one year -€2,457
down €2,457 (-85.4%), from €2,876 to €419
- Financial charges +€3,560
up €3,560 (+387%), from €920 to €4,480
- Taxes +€2,274
up €2,274 (+22.6%), from €10,075 to €12,349
- Depreciation +€1,435
up €1,435 (+84.3%), from €1,702 to €3,137
- Gross operating margin -€1,263
down €1,263 (-2.6%), from €48,457 to €47,194
- Financial income +€569
up €569 (+507%), from €112 to €681
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 | €107,299 | €100,350 | -€6,949 | -6.5% |
| Fixed assets | 21/28 | €10,177 | €7,040 | -€3,137 | -30.8% |
| Tangible fixed assets | 22/27 | €10,177 | €7,040 | -€3,137 | -30.8% |
| Furniture and vehicles | 24 | €5,722 | €3,578 | -€2,143 | -37.5% |
| Other tangible fixed assets | 26 | €4,455 | €3,462 | -€993 | -22.3% |
| Current assets | 29/58 | €97,122 | €93,310 | -€3,812 | -3.9% |
| Amounts receivable within one year | 40/41 | €33,550 | €24,998 | -€8,551 | -25.5% |
| Trade receivables | 40 | €12,120 | €12,944 | +€824 | +6.8% |
| Other amounts receivable | 41 | €21,430 | €12,054 | -€9,375 | -43.7% |
| Cash at bank and in hand | 54/58 | €61,454 | €65,821 | +€4,367 | +7.1% |
| Deferred charges and accrued income | 490/1 | €2,118 | €2,490 | +€372 | +17.5% |
| Total equity and liabilities | 10/49 | €107,299 | €100,350 | -€6,949 | -6.5% |
| Equity | 10/15 | €68,025 | €67,277 | -€748 | -1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,860 | €54,060 | -€800 | -1.5% |
| Distributable reserves | 133 | €54,860 | €54,060 | -€800 | -1.5% |
| Profit (loss) carried forward | 14 | €6,965 | €7,017 | +€52 | +0.8% |
| Amounts payable | 17/49 | €39,274 | €33,073 | -€6,202 | -15.8% |
| Amounts payable after more than one year | 17 | €2,876 | €419 | -€2,457 | -85.4% |
| Financial debts | 170/4 | €2,876 | €419 | -€2,457 | -85.4% |
| Amounts payable within one year | 42/48 | €34,332 | €30,588 | -€3,745 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €2,359 | €2,457 | +€98 | +4.2% |
| Trade debts | 44 | €413 | €343 | -€70 | -16.9% |
| Suppliers | 440/4 | €413 | €343 | -€70 | -16.9% |
| Taxes, remuneration and social security | 45 | €5,519 | €1,787 | -€3,731 | -67.6% |
| Taxes | 450/3 | €5,519 | €1,787 | -€3,731 | -67.6% |
| Other amounts payable | 47/48 | €26,042 | €26,000 | -€42 | -0.2% |
| Accrued charges and deferred income | 492/3 | €2,066 | €2,066 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,702 | €3,137 | +€1,435 | +84.3% |
| Other operating charges | 640/8 | €2,783 | €2,657 | -€127 | -4.6% |
| Gross operating margin | 9900 | €48,457 | €47,194 | -€1,263 | -2.6% |
| Operating profit (loss) | 9901 | €43,972 | €41,401 | -€2,571 | -5.8% |
| Financial income | 75/76B | €112 | €681 | +€569 | +507% |
| Recurring financial income | 75 | €112 | €681 | +€569 | +507% |
| Financial charges | 65/66B | €920 | €4,480 | +€3,560 | +387% |
| Recurring financial charges | 65 | €920 | €4,480 | +€3,560 | +387% |
| Profit (loss) for the period before taxes | 9903 | €43,164 | €37,602 | -€5,562 | -12.9% |
| Income taxes | 67/77 | €10,075 | €12,349 | +€2,274 | +22.6% |
| Profit (loss) for the period | 9904 | €33,089 | €25,252 | -€7,836 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,089 | €25,252 | -€7,836 | -23.7% |
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 27 October 2026 via checked.be.