AD-DEV: 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-DEV
Largest movements
- Tangible fixed assets -€21,144
down €21,144 (-96.4%), from €21,923 to €778
of which Furniture and vehicles: -€21,923
- Receivables within one year +€17,983
up €17,983 (+141.5%), from €12,705 to €30,689
of which Trade receivables: +€11,493
- Cash -€5,000
down €5,000 (-25.4%), from €19,691 to €14,691
mainly Debts after one year (-€18,726) and Receivables within one year (-€17,983)
- Financial fixed assets +€1,086
new in 2025: €1,086
- Profit (loss) carried forward +€21,820
up €21,820 (+455.8%), from €4,787 to €26,607
- Debts after one year -€18,726
down €18,726 (-100.0%), from €18,726 to €0
- Current portion of long-term debt -€7,481
down €7,481 (-100.0%), from €7,481 to €0
- Tax, wage and social debts -€2,814
down €2,814 (-17.2%), from €16,341 to €13,528
of which Taxes: -€5,271
- Gross operating margin +€25,022
up €25,022 (+95.6%), from €26,179 to €51,201
- Depreciation -€9,928
down €9,928 (-97.4%), from €10,196 to €268
- Taxes +€5,064
up €5,064 (+1001.9%), from €505 to €5,569
- Staff costs -€4,864
down €4,864 (-19.3%), from €25,198 to €20,334
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 | €55,861 | €49,211 | -€6,650 | -11.9% |
| Fixed assets | 21/28 | €21,923 | €1,864 | -€20,059 | -91.5% |
| Tangible fixed assets | 22/27 | €21,923 | €778 | -€21,144 | -96.4% |
| Furniture and vehicles | 24 | €21,923 | €0 | -€21,923 | -100.0% |
| Assets under construction and advance payments | 27 | - | €778 | +€778 | |
| Financial fixed assets | 28 | - | €1,086 | +€1,086 | |
| Current assets | 29/58 | €33,938 | €47,346 | +€13,408 | +39.5% |
| Amounts receivable within one year | 40/41 | €12,705 | €30,689 | +€17,983 | +141.5% |
| Trade receivables | 40 | €12,705 | €24,198 | +€11,493 | +90.5% |
| Other amounts receivable | 41 | €0 | €6,491 | +€6,491 | |
| Cash at bank and in hand | 54/58 | €19,691 | €14,691 | -€5,000 | -25.4% |
| Deferred charges and accrued income | 490/1 | €1,542 | €1,967 | +€425 | +27.5% |
| Total equity and liabilities | 10/49 | €55,861 | €49,211 | -€6,650 | -11.9% |
| Equity | 10/15 | €9,787 | €31,607 | +€21,820 | +223.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €4,787 | €26,607 | +€21,820 | +455.8% |
| Amounts payable | 17/49 | €46,074 | €17,604 | -€28,470 | -61.8% |
| Amounts payable after more than one year | 17 | €18,726 | €0 | -€18,726 | -100.0% |
| Financial debts | 170/4 | €18,726 | €0 | -€18,726 | -100.0% |
| Amounts payable within one year | 42/48 | €27,348 | €17,306 | -€10,042 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €7,481 | €0 | -€7,481 | -100.0% |
| Trade debts | 44 | €2,328 | €2,129 | -€199 | -8.6% |
| Suppliers | 440/4 | €2,328 | €2,129 | -€199 | -8.6% |
| Taxes, remuneration and social security | 45 | €16,341 | €13,528 | -€2,814 | -17.2% |
| Taxes | 450/3 | €14,535 | €9,264 | -€5,271 | -36.3% |
| Remuneration and social security | 454/9 | €1,806 | €4,263 | +€2,457 | +136.1% |
| Other amounts payable | 47/48 | €1,197 | €1,650 | +€452 | +37.8% |
| Accrued charges and deferred income | 492/3 | €0 | €298 | +€298 | |
| Non-recurring operating income | 76A | €4,658 | €1,362 | -€3,296 | -70.8% |
| Remuneration, social security and pensions | 62 | €25,198 | €20,334 | -€4,864 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,196 | €268 | -€9,928 | -97.4% |
| Other operating charges | 640/8 | €970 | €1,005 | +€35 | +3.6% |
| Non-recurring operating charges | 66A | €800 | €458 | -€342 | -42.8% |
| Gross operating margin | 9900 | €26,179 | €51,201 | +€25,022 | +95.6% |
| Operating profit (loss) | 9901 | -€10,985 | €29,137 | +€40,121 | |
| Financial income | 75/76B | - | €41 | +€41 | |
| Recurring financial income | 75 | - | €41 | +€41 | |
| Financial charges | 65/66B | €1,554 | €1,788 | +€234 | +15.1% |
| Recurring financial charges | 65 | €1,554 | €1,788 | +€234 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,539 | €27,389 | +€39,928 | |
| Income taxes | 67/77 | €505 | €5,569 | +€5,064 | +1001.9% |
| Profit (loss) for the period | 9904 | -€13,044 | €21,820 | +€34,864 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,044 | €21,820 | +€34,864 |
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 6 October 2026 via checked.be.