AD DISCOUNT: 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 DISCOUNT
Largest movements
- Stocks and contracts -€10,298
down €10,298 (-22.9%), from €44,936 to €34,639
- Cash +€1,250
up €1,250 (+13.2%), from €9,470 to €10,720
mainly Net result for the year (+€12,341) and Stocks and contracts (+€10,298)
- Receivables within one year +€1,000
new in 2025: €1,000
- Profit (loss) carried forward +€12,341
up €12,341 (+65.2%), from -€18,924 to -€6,583
- Trade debts -€12,192
down €12,192 (-39.6%), from €30,775 to €18,584
- Tax, wage and social debts -€8,135
down €8,135 (-43.6%), from €18,654 to €10,519
of which Remuneration and social security: -€6,600
- Gross operating margin +€14,356
up €14,356, from -€1,830 to €12,527
- Financial income -€2,812
down €2,812 (-98.6%), from €2,852 to €40
of which Financial income: -€2,812
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 | €54,406 | €46,359 | -€8,047 | -14.8% |
| Current assets | 29/58 | €54,406 | €46,359 | -€8,047 | -14.8% |
| Stocks and contracts in progress | 3 | €44,936 | €34,639 | -€10,298 | -22.9% |
| Stocks | 30/36 | €44,936 | €34,639 | -€10,298 | -22.9% |
| Amounts receivable within one year | 40/41 | - | €1,000 | +€1,000 | |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €9,470 | €10,720 | +€1,250 | +13.2% |
| Total equity and liabilities | 10/49 | €54,406 | €46,359 | -€8,047 | -14.8% |
| Equity | 10/15 | -€324 | €12,017 | +€12,341 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,924 | -€6,583 | +€12,341 | +65.2% |
| Amounts payable | 17/49 | €54,730 | €34,342 | -€20,388 | -37.3% |
| Amounts payable within one year | 42/48 | €54,730 | €34,342 | -€20,388 | -37.3% |
| Trade debts | 44 | €30,775 | €18,584 | -€12,192 | -39.6% |
| Suppliers | 440/4 | €30,775 | €18,584 | -€12,192 | -39.6% |
| Taxes, remuneration and social security | 45 | €18,654 | €10,519 | -€8,135 | -43.6% |
| Taxes | 450/3 | €5,154 | €3,619 | -€1,535 | -29.8% |
| Remuneration and social security | 454/9 | €13,500 | €6,900 | -€6,600 | -48.9% |
| Other amounts payable | 47/48 | €5,300 | €5,239 | -€61 | -1.1% |
| Gross operating margin | 9900 | -€1,830 | €12,527 | +€14,356 | |
| Operating profit (loss) | 9901 | -€1,830 | €12,527 | +€14,356 | |
| Financial income | 75/76B | €2,852 | €40 | -€2,812 | -98.6% |
| Recurring financial income | 75 | €2,852 | €40 | -€2,812 | -98.6% |
| Non-recurring financial income | 76B | €2,852 | €40 | -€2,812 | -98.6% |
| Financial charges | 65/66B | €225 | €226 | +€1 | +0.4% |
| Recurring financial charges | 65 | €225 | €226 | +€1 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €797 | €12,341 | +€11,544 | +1448.7% |
| Profit (loss) for the period | 9904 | €797 | €12,341 | +€11,544 | +1448.7% |
| Profit (loss) for the period to be appropriated | 9905 | €797 | €12,341 | +€11,544 | +1448.7% |
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 7 October 2026 via checked.be.