AD FACILITY: 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 FACILITY
Largest movements
- Intangible fixed assets +€35,408
new in 2025: €35,408
- Receivables within one year -€20,699
down €20,699 (-21.2%), from €97,868 to €77,168
of which Trade receivables: -€29,674
- Stocks and contracts +€10,330
new in 2025: €10,330
- Tangible fixed assets +€8,468
up €8,468 (+246.5%), from €3,436 to €11,903
- Cash -€5,611
down €5,611 (-19.9%), from €28,233 to €22,622
mainly Investment in fixed assets (net) (-€55,033) and Stocks and contracts (-€10,330)
- Tax, wage and social debts +€21,385
up €21,385 (+63.5%), from €33,672 to €55,056
of which Remuneration and social security: +€23,245
- Profit (loss) carried forward +€18,913
up €18,913 (+21.0%), from €90,035 to €108,948
- Other debts -€4,699
down €4,699 (-89.1%), from €5,272 to €573
- Gross operating margin +€329,328
up €329,328 (+125.5%), from €262,387 to €591,715
- Staff costs +€328,101
up €328,101 (+146.2%), from €224,406 to €552,507
- Financial income -€6,739
down €6,739 (-98.7%), from €6,825 to €86
of which Non-recurring financial income: -€6,815
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 | €137,666 | €171,548 | +€33,882 | +24.6% |
| Fixed assets | 21/28 | €3,436 | €51,232 | +€47,796 | +1391.1% |
| Intangible fixed assets | 21 | - | €35,408 | +€35,408 | |
| Tangible fixed assets | 22/27 | €3,436 | €11,903 | +€8,468 | +246.5% |
| Plant, machinery and equipment | 23 | €952 | €3,839 | +€2,887 | +303.2% |
| Furniture and vehicles | 24 | €2,484 | €5,365 | +€2,881 | +116.0% |
| Assets under construction and advance payments | 27 | - | €2,700 | +€2,700 | |
| Financial fixed assets | 28 | - | €3,920 | +€3,920 | |
| Current assets | 29/58 | €134,230 | €120,316 | -€13,914 | -10.4% |
| Stocks and contracts in progress | 3 | - | €10,330 | +€10,330 | |
| Stocks | 30/36 | - | €10,330 | +€10,330 | |
| Amounts receivable within one year | 40/41 | €97,868 | €77,168 | -€20,699 | -21.2% |
| Trade receivables | 40 | €96,943 | €67,269 | -€29,674 | -30.6% |
| Other amounts receivable | 41 | €924 | €9,899 | +€8,975 | +971.0% |
| Cash at bank and in hand | 54/58 | €28,233 | €22,622 | -€5,611 | -19.9% |
| Deferred charges and accrued income | 490/1 | €8,130 | €10,196 | +€2,067 | +25.4% |
| Total equity and liabilities | 10/49 | €137,666 | €171,548 | +€33,882 | +24.6% |
| Equity | 10/15 | €95,035 | €113,948 | +€18,913 | +19.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,035 | €108,948 | +€18,913 | +21.0% |
| Amounts payable | 17/49 | €42,630 | €57,600 | +€14,969 | +35.1% |
| Amounts payable within one year | 42/48 | €41,588 | €57,600 | +€16,012 | +38.5% |
| Trade debts | 44 | €2,645 | €1,971 | -€674 | -25.5% |
| Suppliers | 440/4 | €2,645 | €1,971 | -€674 | -25.5% |
| Taxes, remuneration and social security | 45 | €33,672 | €55,056 | +€21,385 | +63.5% |
| Taxes | 450/3 | €15,547 | €13,686 | -€1,860 | -12.0% |
| Remuneration and social security | 454/9 | €18,125 | €41,370 | +€23,245 | +128.2% |
| Other amounts payable | 47/48 | €5,272 | €573 | -€4,699 | -89.1% |
| Accrued charges and deferred income | 492/3 | €1,042 | - | -€1,042 | |
| Remuneration, social security and pensions | 62 | €224,406 | €552,507 | +€328,101 | +146.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,702 | €7,237 | +€5,535 | +325.2% |
| Other operating charges | 640/8 | €2,434 | €2,568 | +€134 | +5.5% |
| Gross operating margin | 9900 | €262,387 | €591,715 | +€329,328 | +125.5% |
| Operating profit (loss) | 9901 | €33,845 | €29,404 | -€4,442 | -13.1% |
| Financial income | 75/76B | €6,825 | €86 | -€6,739 | -98.7% |
| Recurring financial income | 75 | €10 | €86 | +€76 | +762.5% |
| Non-recurring financial income | 76B | €6,815 | - | -€6,815 | |
| Financial charges | 65/66B | €268 | €147 | -€121 | -45.3% |
| Recurring financial charges | 65 | €268 | €147 | -€121 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €40,402 | €29,343 | -€11,060 | -27.4% |
| Income taxes | 67/77 | €10,692 | €10,430 | -€262 | -2.5% |
| Profit (loss) for the period | 9904 | €29,710 | €18,913 | -€10,797 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,710 | €18,913 | -€10,797 | -36.3% |
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 6 October 2026 via checked.be.