AD EXPERT: what changed
Two financial 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 EXPERT
Largest movements
- Tangible fixed assets +€211,615
up €211,615 (+7079.8%), from €2,989 to €214,604
of which Land and buildings: +€213,217
- Intangible fixed assets -€3,000
down €3,000 (-50.1%), from €5,992 to €2,992
- Other debts +€211,228
up €211,228 (+34628.1%), from €610 to €211,838
- Profit (loss) carried forward -€2,242
down €2,242 (-29.9%), from €7,500 to €5,258
- Gross operating margin -€6,516
down €6,516 (-62.1%), from €10,491 to €3,975
- Taxes -€1,133
down €1,133 (-77.0%), from €1,471 to €339
- Depreciation +€640
up €640 (+14.4%), from €4,459 to €5,099
- Other operating charges +€247
up €247 (+121.7%), from €203 to €450
- Financial charges +€151
up €151 (+94.3%), from €160 to €311
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 | €14,235 | €223,619 | +€209,385 | +1471.0% |
| Fixed assets | 21/28 | €8,981 | €217,596 | +€208,615 | +2322.8% |
| Intangible fixed assets | 21 | €5,992 | €2,992 | -€3,000 | -50.1% |
| Tangible fixed assets | 22/27 | €2,989 | €214,604 | +€211,615 | +7079.8% |
| Land and buildings | 22 | - | €213,217 | +€213,217 | |
| Furniture and vehicles | 24 | €2,989 | €1,387 | -€1,602 | -53.6% |
| Current assets | 29/58 | €5,254 | €6,023 | +€770 | +14.7% |
| Amounts receivable within one year | 40/41 | - | €550 | +€550 | |
| Trade receivables | 40 | - | €550 | +€550 | |
| Cash at bank and in hand | 54/58 | €4,971 | €3,933 | -€1,037 | -20.9% |
| Deferred charges and accrued income | 490/1 | €283 | €1,540 | +€1,257 | +444.4% |
| Total equity and liabilities | 10/49 | €14,235 | €223,619 | +€209,385 | +1471.0% |
| Equity | 10/15 | €9,500 | €7,258 | -€2,242 | -23.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,500 | €5,258 | -€2,242 | -29.9% |
| Amounts payable | 17/49 | €4,735 | €216,362 | +€211,627 | +4469.5% |
| Amounts payable within one year | 42/48 | €4,671 | €216,362 | +€211,691 | +4531.9% |
| Trade debts | 44 | - | €2,149 | +€2,149 | |
| Suppliers | 440/4 | - | €2,149 | +€2,149 | |
| Taxes, remuneration and social security | 45 | €4,061 | €2,375 | -€1,686 | -41.5% |
| Taxes | 450/3 | €4,061 | €2,375 | -€1,686 | -41.5% |
| Other amounts payable | 47/48 | €610 | €211,838 | +€211,228 | +34628.1% |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Remuneration, social security and pensions | 62 | - | €19 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,459 | €5,099 | +€640 | +14.4% |
| Other operating charges | 640/8 | €203 | €450 | +€247 | +121.7% |
| Gross operating margin | 9900 | €10,491 | €3,975 | -€6,516 | -62.1% |
| Operating profit (loss) | 9901 | €5,829 | -€1,592 | -€7,421 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €160 | €311 | +€151 | +94.3% |
| Recurring financial charges | 65 | €160 | €311 | +€151 | +94.3% |
| Profit (loss) for the period before taxes | 9903 | €5,670 | -€1,903 | -€7,573 | |
| Income taxes | 67/77 | €1,471 | €339 | -€1,133 | -77.0% |
| Profit (loss) for the period | 9904 | €4,198 | -€2,242 | -€6,440 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,198 | -€2,242 | -€6,440 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.