AD Buildings: 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 Buildings
Largest movements
- Receivables within one year +€185,403
up €185,403 (+204%), from €90,964 to €276,367
of which Other amounts receivable: +€99,365
- Tangible fixed assets +€32,154
new in 2025: €32,154
- Stocks and contracts +€16,406
up €16,406 (+111%), from €14,780 to €31,187
- Deferred charges and accrued income +€7,810
up €7,810 (+74.7%), from €10,452 to €18,263
- Intangible fixed assets +€5,204
new in 2025: €5,204
- Trade debts +€62,651
up €62,651 (+136%), from €46,223 to €108,874
- Tax, wage and social debts +€59,633
up €59,633 (+717%), from €8,317 to €67,950
of which Taxes: +€57,924
- Short-term financial debts +€54,592
up €54,592 (+123%), from €44,333 to €98,925
- Other debts +€38,951
new in 2025: €38,951
- Profit (loss) carried forward +€29,218
up €29,218 (+261%), from €11,184 to €40,402
- Gross operating margin +€47,841
up €47,841 (+246%), from €19,484 to €67,325
- Staff costs +€23,457
up €23,457 (+1,470%), from €1,596 to €25,053
- Taxes +€4,059
up €4,059 (+145%), from €2,796 to €6,855
- Financial charges +€2,880
up €2,880 (+1,124%), from €256 to €3,136
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 | €121,233 | €365,185 | +€243,953 | +201% |
| Fixed assets | 21/28 | - | €37,359 | +€37,359 | |
| Intangible fixed assets | 21 | - | €5,204 | +€5,204 | |
| Tangible fixed assets | 22/27 | - | €32,154 | +€32,154 | |
| Plant, machinery and equipment | 23 | - | €32,154 | +€32,154 | |
| Current assets | 29/58 | €121,233 | €327,827 | +€206,594 | +170% |
| Stocks and contracts in progress | 3 | €14,780 | €31,187 | +€16,406 | +111% |
| Stocks | 30/36 | €14,780 | €31,187 | +€16,406 | +111% |
| Amounts receivable within one year | 40/41 | €90,964 | €276,367 | +€185,403 | +204% |
| Trade receivables | 40 | €89,510 | €175,548 | +€86,038 | +96.1% |
| Other amounts receivable | 41 | €1,454 | €100,819 | +€99,365 | +6,834% |
| Cash at bank and in hand | 54/58 | €5,036 | €2,011 | -€3,025 | -60.1% |
| Deferred charges and accrued income | 490/1 | €10,452 | €18,263 | +€7,810 | +74.7% |
| Total equity and liabilities | 10/49 | €121,233 | €365,185 | +€243,953 | +201% |
| Equity | 10/15 | €21,184 | €50,402 | +€29,218 | +138% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,184 | €40,402 | +€29,218 | +261% |
| Amounts payable | 17/49 | €100,048 | €314,783 | +€214,735 | +215% |
| Amounts payable within one year | 42/48 | €98,872 | €314,699 | +€215,827 | +218% |
| Financial debts | 43 | €44,333 | €98,925 | +€54,592 | +123% |
| Credit institutions | 430/8 | €44,333 | €98,925 | +€54,592 | +123% |
| Trade debts | 44 | €46,223 | €108,874 | +€62,651 | +136% |
| Suppliers | 440/4 | €46,223 | €108,874 | +€62,651 | +136% |
| Taxes, remuneration and social security | 45 | €8,317 | €67,950 | +€59,633 | +717% |
| Taxes | 450/3 | €7,996 | €65,920 | +€57,924 | +724% |
| Remuneration and social security | 454/9 | €320 | €2,030 | +€1,710 | +534% |
| Other amounts payable | 47/48 | - | €38,951 | +€38,951 | |
| Accrued charges and deferred income | 492/3 | €1,176 | €84 | -€1,092 | -92.8% |
| Remuneration, social security and pensions | 62 | €1,596 | €25,053 | +€23,457 | +1,470% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,264 | €3,191 | -€74 | -2.3% |
| Other operating charges | 640/8 | €387 | €517 | +€130 | +33.5% |
| Gross operating margin | 9900 | €19,484 | €67,325 | +€47,841 | +246% |
| Operating profit (loss) | 9901 | €14,237 | €38,564 | +€24,327 | +171% |
| Financial income | 75/76B | €0 | €645 | +€645 | +6,448,500% |
| Recurring financial income | 75 | €0 | €645 | +€645 | +6,448,500% |
| Financial charges | 65/66B | €256 | €3,136 | +€2,880 | +1,124% |
| Recurring financial charges | 65 | €256 | €3,136 | +€2,880 | +1,124% |
| Profit (loss) for the period before taxes | 9903 | €13,980 | €36,073 | +€22,092 | +158% |
| Income taxes | 67/77 | €2,796 | €6,855 | +€4,059 | +145% |
| Profit (loss) for the period | 9904 | €11,184 | €29,218 | +€18,033 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €11,184 | €29,218 | +€18,033 | +161% |
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 14 October 2026 via checked.be.