AD ENGINEERING: 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 ENGINEERING
Largest movements
- Cash +€74,167
up €74,167 (+70.8%), from €104,763 to €178,930
mainly Net result for the year (+€91,651) and Current investments (+€69,012)
- Current investments -€69,012
down €69,012 (-88.5%), from €78,004 to €8,992
- Financial fixed assets +€36,325
up €36,325 (+17.6%), from €206,178 to €242,503
- Receivables within one year -€11,616
down €11,616 (-25.5%), from €45,564 to €33,948
- Reserves +€91,651
up €91,651 (+42.9%), from €213,767 to €305,418
- Debts after one year -€34,906
down €34,906 (-38.1%), from €91,720 to €56,814
- Current portion of long-term debt -€21,647
down €21,647 (-38.3%), from €56,553 to €34,906
- Tax, wage and social debts -€11,289
down €11,289 (-20.4%), from €55,447 to €44,159
- Gross operating margin -€17,121
down €17,121 (-11.5%), from €149,300 to €132,179
- Taxes -€4,943
down €4,943 (-13.4%), from €36,839 to €31,897
- Depreciation +€3,570
up €3,570 (+476.4%), from €749 to €4,320
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 | €456,949 | €481,079 | +€24,130 | +5.3% |
| Fixed assets | 21/28 | €226,563 | €258,569 | +€32,005 | +14.1% |
| Tangible fixed assets | 22/27 | €20,385 | €16,066 | -€4,320 | -21.2% |
| Furniture and vehicles | 24 | €20,385 | €16,066 | -€4,320 | -21.2% |
| Financial fixed assets | 28 | €206,178 | €242,503 | +€36,325 | +17.6% |
| Current assets | 29/58 | €230,386 | €222,510 | -€7,875 | -3.4% |
| Amounts receivable within one year | 40/41 | €45,564 | €33,948 | -€11,616 | -25.5% |
| Trade receivables | 40 | €45,564 | €33,948 | -€11,616 | -25.5% |
| Current investments | 50/53 | €78,004 | €8,992 | -€69,012 | -88.5% |
| Cash at bank and in hand | 54/58 | €104,763 | €178,930 | +€74,167 | +70.8% |
| Deferred charges and accrued income | 490/1 | €2,055 | €641 | -€1,414 | -68.8% |
| Total equity and liabilities | 10/49 | €456,949 | €481,079 | +€24,130 | +5.3% |
| Equity | 10/15 | €226,267 | €317,918 | +€91,651 | +40.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €213,767 | €305,418 | +€91,651 | +42.9% |
| Distributable reserves | 133 | €213,767 | €305,418 | +€91,651 | +42.9% |
| Amounts payable | 17/49 | €230,682 | €163,161 | -€67,521 | -29.3% |
| Amounts payable after more than one year | 17 | €91,720 | €56,814 | -€34,906 | -38.1% |
| Financial debts | 170/4 | €91,720 | €56,814 | -€34,906 | -38.1% |
| Amounts payable within one year | 42/48 | €135,683 | €103,541 | -€32,143 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €56,553 | €34,906 | -€21,647 | -38.3% |
| Trade debts | 44 | €2,441 | €1,238 | -€1,203 | -49.3% |
| Suppliers | 440/4 | €2,441 | €1,238 | -€1,203 | -49.3% |
| Taxes, remuneration and social security | 45 | €55,447 | €44,159 | -€11,289 | -20.4% |
| Taxes | 450/3 | €55,447 | €44,159 | -€11,289 | -20.4% |
| Other amounts payable | 47/48 | €21,242 | €23,238 | +€1,996 | +9.4% |
| Accrued charges and deferred income | 492/3 | €3,279 | €2,807 | -€472 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €749 | €4,320 | +€3,570 | +476.4% |
| Other operating charges | 640/8 | €1,968 | €1,116 | -€853 | -43.3% |
| Gross operating margin | 9900 | €149,300 | €132,179 | -€17,121 | -11.5% |
| Operating profit (loss) | 9901 | €146,582 | €126,744 | -€19,838 | -13.5% |
| Financial income | 75/76B | €1,358 | €1,169 | -€189 | -13.9% |
| Recurring financial income | 75 | €1,358 | €1,169 | -€189 | -13.9% |
| Financial charges | 65/66B | €4,414 | €4,366 | -€48 | -1.1% |
| Recurring financial charges | 65 | €4,414 | €4,366 | -€48 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €143,527 | €123,547 | -€19,979 | -13.9% |
| Income taxes | 67/77 | €36,839 | €31,897 | -€4,943 | -13.4% |
| Profit (loss) for the period | 9904 | €106,687 | €91,651 | -€15,036 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €106,687 | €91,651 | -€15,036 | -14.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.