Ad Consult: 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 Consult
Largest movements
- Tangible fixed assets +€59,013
up €59,013 (+6.2%), from €951,807 to €1.0m
of which Furniture and vehicles: +€97,195
- Current investments -€37,225
down €37,225 (-29.1%), from €128,042 to €90,817
- Intangible fixed assets -€13,149
down €13,149 (-59.1%), from €22,245 to €9,096
- Debts after one year -€57,877
down €57,877 (-6.6%), from €878,934 to €821,057
of which Other amounts payable: -€35,000
- Profit (loss) carried forward +€48,656
up €48,656, from -€44,870 to €3,787
- Reserves +€40,000
up €40,000 (+39.0%), from €102,674 to €142,674
- Gross operating margin +€33,796
up €33,796 (+13.0%), from €260,478 to €294,274
- Financial charges +€21,915
up €21,915 (+99.7%), from €21,987 to €43,902
- Write-downs -€19,150
no longer reported in 2025 (was €19,150)
- Taxes +€5,982
up €5,982 (+17.4%), from €34,322 to €40,304
- Staff costs +€5,196
up €5,196 (+14.3%), from €36,287 to €41,483
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 | €1,193,934 | €1,210,238 | +€16,304 | +1.4% |
| Fixed assets | 21/28 | €974,052 | €1,019,916 | +€45,864 | +4.7% |
| Intangible fixed assets | 21 | €22,245 | €9,096 | -€13,149 | -59.1% |
| Tangible fixed assets | 22/27 | €951,807 | €1,010,820 | +€59,013 | +6.2% |
| Land and buildings | 22 | €941,358 | €901,405 | -€39,953 | -4.2% |
| Plant, machinery and equipment | 23 | €4,530 | €6,302 | +€1,772 | +39.1% |
| Furniture and vehicles | 24 | €5,919 | €103,114 | +€97,195 | +1,642% |
| Current assets | 29/58 | €219,882 | €190,322 | -€29,560 | -13.4% |
| Amounts receivable within one year | 40/41 | €87,622 | €86,046 | -€1,576 | -1.8% |
| Trade receivables | 40 | €87,604 | €86,046 | -€1,558 | -1.8% |
| Other amounts receivable | 41 | €18 | - | -€18 | |
| Current investments | 50/53 | €128,042 | €90,817 | -€37,225 | -29.1% |
| Cash at bank and in hand | 54/58 | €4,219 | €13,460 | +€9,241 | +219% |
| Total equity and liabilities | 10/49 | €1,193,934 | €1,210,238 | +€16,304 | +1.4% |
| Equity | 10/15 | €188,805 | €277,461 | +€88,656 | +47.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Revaluation surpluses | 12 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €102,674 | €142,674 | +€40,000 | +39.0% |
| Distributable reserves | 133 | €102,674 | €142,674 | +€40,000 | +39.0% |
| Profit (loss) carried forward | 14 | -€44,870 | €3,787 | +€48,656 | |
| Amounts payable | 17/49 | €1,005,129 | €932,777 | -€72,352 | -7.2% |
| Amounts payable after more than one year | 17 | €878,934 | €821,057 | -€57,877 | -6.6% |
| Financial debts | 170/4 | €746,784 | €723,907 | -€22,877 | -3.1% |
| Other amounts payable | 178/9 | €132,150 | €97,150 | -€35,000 | -26.5% |
| Amounts payable within one year | 42/48 | €111,662 | €97,712 | -€13,950 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €68,280 | €59,115 | -€9,165 | -13.4% |
| Financial debts | 43 | €6,614 | €1,053 | -€5,561 | -84.1% |
| Credit institutions | 430/8 | €6,614 | €1,053 | -€5,561 | -84.1% |
| Trade debts | 44 | €7,500 | €13,760 | +€6,260 | +83.5% |
| Suppliers | 440/4 | €7,500 | €13,760 | +€6,260 | +83.5% |
| Taxes, remuneration and social security | 45 | €24,525 | €19,128 | -€5,398 | -22.0% |
| Taxes | 450/3 | €20,282 | €14,481 | -€5,801 | -28.6% |
| Remuneration and social security | 454/9 | €4,243 | €4,646 | +€403 | +9.5% |
| Other amounts payable | 47/48 | €4,744 | €4,657 | -€87 | -1.8% |
| Accrued charges and deferred income | 492/3 | €14,533 | €14,008 | -€525 | -3.6% |
| Remuneration, social security and pensions | 62 | €36,287 | €41,483 | +€5,196 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,140 | €73,440 | -€3,699 | -4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,150 | - | -€19,150 | |
| Other operating charges | 640/8 | €1,658 | €5,662 | +€4,004 | +242% |
| Gross operating margin | 9900 | €260,478 | €294,274 | +€33,796 | +13.0% |
| Operating profit (loss) | 9901 | €126,244 | €173,688 | +€47,445 | +37.6% |
| Financial income | 75/76B | €799 | €7 | -€792 | -99.2% |
| Recurring financial income | 75 | €799 | €7 | -€792 | -99.2% |
| Financial charges | 65/66B | €21,987 | €43,902 | +€21,915 | +99.7% |
| Recurring financial charges | 65 | €21,987 | €43,902 | +€21,915 | +99.7% |
| Profit (loss) for the period before taxes | 9903 | €105,056 | €129,793 | +€24,738 | +23.5% |
| Income taxes | 67/77 | €34,322 | €40,304 | +€5,982 | +17.4% |
| Profit (loss) for the period | 9904 | €70,733 | €89,489 | +€18,756 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,733 | €89,489 | +€18,756 | +26.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.