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 -€64,192
down €64,192 (-8.9%), from €721,192 to €657,000
mainly Contributions, distributions and other (-€67,603) and Receivables within one year (-€53,755)
- Receivables within one year +€53,755
up €53,755 (+180.4%), from €29,791 to €83,546
of which Trade receivables: +€60,619
- Current investments +€40,000
up €40,000 (+200.0%), from €20,000 to €60,000
- Tangible fixed assets +€26,856
up €26,856 (+4797.9%), from €560 to €27,416
of which Furniture and vehicles: +€27,096
- Reserves +€74,646
up €74,646 (+10.5%), from €707,957 to €782,603
- Current portion of long-term debt -€42,625
no longer reported in 2025 (was €42,625)
- Tax, wage and social debts +€20,161
up €20,161 (+87.1%), from €23,142 to €43,304
- Turnover -€547,371
no longer reported in 2025 (was €547,371)
- Purchases and services -€259,495
no longer reported in 2025 (was €259,495)
- Gross operating margin +€39,225
up €39,225 (+25.8%), from €151,888 to €191,114
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 | €786,125 | €843,184 | +€57,060 | +7.3% |
| Fixed assets | 21/28 | €7,160 | €34,016 | +€26,856 | +375.1% |
| Tangible fixed assets | 22/27 | €560 | €27,416 | +€26,856 | +4797.9% |
| Plant, machinery and equipment | 23 | €560 | €320 | -€240 | -42.8% |
| Furniture and vehicles | 24 | - | €27,096 | +€27,096 | |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €778,965 | €809,168 | +€30,203 | +3.9% |
| Stocks and contracts in progress | 3 | €7,983 | €8,623 | +€640 | +8.0% |
| Stocks | 30/36 | €7,983 | €8,623 | +€640 | +8.0% |
| Amounts receivable within one year | 40/41 | €29,791 | €83,546 | +€53,755 | +180.4% |
| Trade receivables | 40 | €22,927 | €83,546 | +€60,619 | +264.4% |
| Other amounts receivable | 41 | €6,863 | - | -€6,863 | |
| Current investments | 50/53 | €20,000 | €60,000 | +€40,000 | +200.0% |
| Cash at bank and in hand | 54/58 | €721,192 | €657,000 | -€64,192 | -8.9% |
| Total equity and liabilities | 10/49 | €786,125 | €843,184 | +€57,060 | +7.3% |
| Equity | 10/15 | €720,357 | €795,003 | +€74,646 | +10.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €707,957 | €782,603 | +€74,646 | +10.5% |
| Distributable reserves | 133 | €707,957 | €782,603 | +€74,646 | +10.5% |
| Amounts payable | 17/49 | €65,768 | €48,181 | -€17,586 | -26.7% |
| Amounts payable within one year | 42/48 | €65,768 | €48,181 | -€17,586 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €42,625 | - | -€42,625 | |
| Trade debts | 44 | - | €2,468 | +€2,468 | |
| Suppliers | 440/4 | - | €2,468 | +€2,468 | |
| Taxes, remuneration and social security | 45 | €23,142 | €43,304 | +€20,161 | +87.1% |
| Taxes | 450/3 | €23,142 | €43,304 | +€20,161 | +87.1% |
| Other amounts payable | 47/48 | - | €2,410 | +€2,410 | |
| Turnover | 70 | €547,371 | - | -€547,371 | |
| Goods, raw materials, services and sundry goods | 60/61 | €259,495 | - | -€259,495 | |
| Remuneration, social security and pensions | 62 | €2,198 | €2,214 | +€16 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | €4,089 | +€3,849 | +1605.1% |
| Other operating charges | 640/8 | €5,123 | €5,110 | -€14 | -0.3% |
| Gross operating margin | 9900 | €151,888 | €191,114 | +€39,225 | +25.8% |
| Operating profit (loss) | 9901 | €144,327 | €179,701 | +€35,374 | +24.5% |
| Financial income | 75/76B | €14,530 | €16,090 | +€1,559 | +10.7% |
| Recurring financial income | 75 | €14,530 | €14,850 | +€320 | +2.2% |
| Non-recurring financial income | 76B | - | €1,240 | +€1,240 | |
| Financial charges | 65/66B | - | €2,082 | +€2,082 | |
| Recurring financial charges | 65 | - | €206 | +€206 | |
| Non-recurring financial charges | 66B | - | €1,876 | +€1,876 | |
| Profit (loss) for the period before taxes | 9903 | €158,857 | €193,709 | +€34,852 | +21.9% |
| Income taxes | 67/77 | €49,419 | €51,460 | +€2,042 | +4.1% |
| Profit (loss) for the period | 9904 | €109,439 | €142,249 | +€32,810 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €109,439 | €142,249 | +€32,810 | +30.0% |
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.