AD Expertise: 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 Expertise
Largest movements
- Tangible fixed assets -€22,213
down €22,213 (-5.3%), from €416,072 to €393,859
- Cash +€12,976
up €12,976 (+753%), from €1,724 to €14,700
mainly Depreciation (+€22,213) and Deferred charges and accrued income (+€287)
- Profit (loss) carried forward -€5,765
down €5,765 (-6.4%), from -€89,506 to -€95,271
- Gross operating margin +€18,438
up €18,438, from -€462 to €17,975
- Depreciation +€7,861
up €7,861 (+54.8%), from €14,352 to €22,213
- Other operating charges -€492
down €492 (-27.4%), from €1,795 to €1,303
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.
Derived cash bridge
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 | €418,403 | €410,146 | -€8,257 | -2.0% |
| Fixed assets | 21/28 | €416,072 | €393,859 | -€22,213 | -5.3% |
| Tangible fixed assets | 22/27 | €416,072 | €393,859 | -€22,213 | -5.3% |
| Land and buildings | 22 | €361,930 | €351,028 | -€10,903 | -3.0% |
| Furniture and vehicles | 24 | €48,025 | €37,987 | -€10,039 | -20.9% |
| Other tangible fixed assets | 26 | €6,116 | €4,844 | -€1,272 | -20.8% |
| Current assets | 29/58 | €2,332 | €16,288 | +€13,956 | +599% |
| Amounts receivable within one year | 40/41 | €213 | €1,480 | +€1,267 | +595% |
| Trade receivables | 40 | €213 | - | -€213 | |
| Other amounts receivable | 41 | - | €1,480 | +€1,480 | |
| Cash at bank and in hand | 54/58 | €1,724 | €14,700 | +€12,976 | +753% |
| Deferred charges and accrued income | 490/1 | €395 | €108 | -€287 | -72.7% |
| Total equity and liabilities | 10/49 | €418,403 | €410,146 | -€8,257 | -2.0% |
| Equity | 10/15 | -€81,446 | -€87,211 | -€5,765 | -7.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,506 | -€95,271 | -€5,765 | -6.4% |
| Amounts payable | 17/49 | €499,850 | €497,358 | -€2,492 | -0.5% |
| Amounts payable within one year | 42/48 | €499,850 | €497,358 | -€2,492 | -0.5% |
| Trade debts | 44 | - | €280 | +€280 | |
| Suppliers | 440/4 | - | €280 | +€280 | |
| Other amounts payable | 47/48 | €499,850 | €497,077 | -€2,772 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,352 | €22,213 | +€7,861 | +54.8% |
| Other operating charges | 640/8 | €1,795 | €1,303 | -€492 | -27.4% |
| Non-recurring operating charges | 66A | €11,153 | - | -€11,153 | |
| Gross operating margin | 9900 | -€462 | €17,975 | +€18,438 | |
| Operating profit (loss) | 9901 | -€27,762 | -€5,541 | +€22,221 | +80.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.4% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.4% |
| Financial charges | 65/66B | €226 | €224 | -€3 | -1.2% |
| Recurring financial charges | 65 | €226 | €224 | -€3 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,987 | -€5,765 | +€22,222 | +79.4% |
| Profit (loss) for the period | 9904 | -€27,987 | -€5,765 | +€22,222 | +79.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,987 | -€5,765 | +€22,222 | +79.4% |
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 28 October 2026 via checked.be.