AD² CONSULT: 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.
AD² CONSULT
Largest movements
- Receivables within one year -€54,516
down €54,516 (-70.9%), from €76,877 to €22,360
of which Trade receivables: -€68,733
- Cash +€43,740
up €43,740 (+420.6%), from €10,399 to €54,139
mainly Receivables within one year (+€54,516) and Net result for the year (+€50,641)
- Tangible fixed assets -€18,980
down €18,980 (-8.7%), from €218,194 to €199,214
of which Furniture and vehicles: -€10,086
- Profit (loss) carried forward +€50,641
up €50,641 (+90.6%), from -€55,869 to -€5,227
- Debts after one year -€40,167
down €40,167 (-24.5%), from €164,035 to €123,868
- Trade debts -€32,023
down €32,023 (-96.6%), from €33,144 to €1,121
- Other debts -€13,627
down €13,627 (-92.7%), from €14,707 to €1,080
- Current portion of long-term debt +€10,108
up €10,108 (+33.1%), from €30,548 to €40,655
- Gross operating margin +€25,224
up €25,224 (+33.4%), from €75,603 to €100,827
- Taxes +€6,597
up €6,597 (+2890.1%), from €228 to €6,825
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 | €306,712 | €277,057 | -€29,655 | -9.7% |
| Fixed assets | 21/28 | €218,800 | €199,820 | -€18,980 | -8.7% |
| Tangible fixed assets | 22/27 | €218,194 | €199,214 | -€18,980 | -8.7% |
| Land and buildings | 22 | €155,240 | €147,100 | -€8,140 | -5.2% |
| Plant, machinery and equipment | 23 | €1,589 | €835 | -€754 | -47.5% |
| Furniture and vehicles | 24 | €61,365 | €51,279 | -€10,086 | -16.4% |
| Financial fixed assets | 28 | €606 | €606 | = | 0.0% |
| Current assets | 29/58 | €87,912 | €77,238 | -€10,674 | -12.1% |
| Amounts receivable within one year | 40/41 | €76,877 | €22,360 | -€54,516 | -70.9% |
| Trade receivables | 40 | €76,281 | €7,548 | -€68,733 | -90.1% |
| Other amounts receivable | 41 | €596 | €14,812 | +€14,217 | +2386.8% |
| Cash at bank and in hand | 54/58 | €10,399 | €54,139 | +€43,740 | +420.6% |
| Deferred charges and accrued income | 490/1 | €636 | €738 | +€102 | +16.0% |
| Total equity and liabilities | 10/49 | €306,712 | €277,057 | -€29,655 | -9.7% |
| Equity | 10/15 | €48,699 | €99,340 | +€50,641 | +104.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,367 | €98,367 | = | 0.0% |
| Tax-exempt reserves | 132 | €467 | €467 | = | 0.0% |
| Distributable reserves | 133 | €97,901 | €97,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,869 | -€5,227 | +€50,641 | +90.6% |
| Amounts payable | 17/49 | €258,013 | €177,717 | -€80,296 | -31.1% |
| Amounts payable after more than one year | 17 | €164,035 | €123,868 | -€40,167 | -24.5% |
| Financial debts | 170/4 | €164,035 | €123,868 | -€40,167 | -24.5% |
| Amounts payable within one year | 42/48 | €93,979 | €53,849 | -€40,129 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €30,548 | €40,655 | +€10,108 | +33.1% |
| Financial debts | 43 | €645 | - | -€645 | |
| Credit institutions | 430/8 | €645 | - | -€645 | |
| Trade debts | 44 | €33,144 | €1,121 | -€32,023 | -96.6% |
| Suppliers | 440/4 | €33,144 | €1,121 | -€32,023 | -96.6% |
| Taxes, remuneration and social security | 45 | €14,935 | €10,993 | -€3,943 | -26.4% |
| Taxes | 450/3 | €14,935 | €10,993 | -€3,943 | -26.4% |
| Other amounts payable | 47/48 | €14,707 | €1,080 | -€13,627 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,436 | €32,295 | -€141 | -0.4% |
| Other operating charges | 640/8 | €3,114 | €4,094 | +€979 | +31.5% |
| Gross operating margin | 9900 | €75,603 | €100,827 | +€25,224 | +33.4% |
| Operating profit (loss) | 9901 | €40,053 | €64,439 | +€24,386 | +60.9% |
| Financial income | 75/76B | €138 | €239 | +€101 | +72.8% |
| Recurring financial income | 75 | €138 | €239 | +€101 | +72.8% |
| Financial charges | 65/66B | €8,120 | €7,212 | -€908 | -11.2% |
| Recurring financial charges | 65 | €8,120 | €7,212 | -€908 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €32,072 | €57,467 | +€25,395 | +79.2% |
| Income taxes | 67/77 | €228 | €6,825 | +€6,597 | +2890.1% |
| Profit (loss) for the period | 9904 | €31,843 | €50,641 | +€18,798 | +59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,843 | €50,641 | +€18,798 | +59.0% |
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 8 October 2026 via checked.be.