AD FAST: 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 FAST
Largest movements
- Receivables within one year -€28,065
down €28,065 (-47.6%), from €58,925 to €30,860
of which Trade receivables: -€17,107
- Cash +€2,908
up €2,908 (+804%), from €361 to €3,269
mainly Receivables within one year (+€28,065) and Other debts (+€20,000)
- Reserves -€41,029
down €41,029 (-95.7%), from €42,889 to €1,860
of which Tax-exempt reserves: -€21,029
- Other debts +€20,000
new in 2025: €20,000
- Tax, wage and social debts -€6,513
down €6,513 (-90.6%), from €7,189 to €676
of which Remuneration and social security: -€3,380
- Profit (loss) carried forward +€1,996
up €1,996 (+25.5%), from -€7,838 to -€5,842
- Gross operating margin -€24,141
down €24,141, from €5,086 to -€19,055
- Other operating charges -€1,101
down €1,101 (-69.6%), from €1,582 to €481
- Financial charges +€346
up €346 (+136%), from €255 to €600
of which Non-recurring financial charges: +€354
- Financial income -€307
down €307 (-18.1%), from €1,693 to €1,386
- Depreciation -€303
down €303 (-100%), from €303 to €0
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 | €60,847 | €35,702 | -€25,145 | -41.3% |
| Fixed assets | 21/28 | €544 | €0 | -€544 | -100% |
| Tangible fixed assets | 22/27 | €344 | €0 | -€344 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €344 | €0 | -€344 | -100% |
| Financial fixed assets | 28 | €200 | €0 | -€200 | -100% |
| Current assets | 29/58 | €60,303 | €35,702 | -€24,601 | -40.8% |
| Amounts receivable within one year | 40/41 | €58,925 | €30,860 | -€28,065 | -47.6% |
| Trade receivables | 40 | €31,788 | €14,681 | -€17,107 | -53.8% |
| Other amounts receivable | 41 | €27,137 | €16,179 | -€10,958 | -40.4% |
| Cash at bank and in hand | 54/58 | €361 | €3,269 | +€2,908 | +804% |
| Deferred charges and accrued income | 490/1 | €1,016 | €1,573 | +€557 | +54.8% |
| Total equity and liabilities | 10/49 | €60,847 | €35,702 | -€25,145 | -41.3% |
| Equity | 10/15 | €53,651 | €14,618 | -€39,032 | -72.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,889 | €1,860 | -€41,029 | -95.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,029 | €0 | -€21,029 | -100% |
| Distributable reserves | 133 | €20,000 | €0 | -€20,000 | -100% |
| Profit (loss) carried forward | 14 | -€7,838 | -€5,842 | +€1,996 | +25.5% |
| Amounts payable | 17/49 | €7,197 | €21,084 | +€13,887 | +193% |
| Amounts payable within one year | 42/48 | €7,197 | €21,084 | +€13,887 | +193% |
| Trade debts | 44 | €7 | €408 | +€401 | +5,698% |
| Suppliers | 440/4 | €7 | €408 | +€401 | +5,698% |
| Taxes, remuneration and social security | 45 | €7,189 | €676 | -€6,513 | -90.6% |
| Taxes | 450/3 | €3,809 | €676 | -€3,133 | -82.3% |
| Remuneration and social security | 454/9 | €3,380 | - | -€3,380 | |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €31 | €0 | -€31 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303 | €0 | -€303 | -100% |
| Other operating charges | 640/8 | €1,582 | €481 | -€1,101 | -69.6% |
| Non-recurring operating charges | 66A | - | -€10 | -€10 | |
| Gross operating margin | 9900 | €5,086 | -€19,055 | -€24,141 | |
| Operating profit (loss) | 9901 | €3,170 | -€19,526 | -€22,696 | |
| Financial income | 75/76B | €1,693 | €1,386 | -€307 | -18.1% |
| Recurring financial income | 75 | €1,693 | €1,386 | -€307 | -18.1% |
| Financial charges | 65/66B | €255 | €600 | +€346 | +136% |
| Recurring financial charges | 65 | €255 | €246 | -€9 | -3.4% |
| Non-recurring financial charges | 66B | - | €354 | +€354 | |
| Profit (loss) for the period before taxes | 9903 | €4,608 | -€18,740 | -€23,348 | |
| Income taxes | 67/77 | €391 | €292 | -€99 | -25.2% |
| Profit (loss) for the period | 9904 | €4,217 | -€19,032 | -€23,250 | |
| Transfer from tax-exempt reserves | 789 | - | €21,029 | +€21,029 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,217 | €1,996 | -€2,221 | -52.7% |
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 14 October 2026 via checked.be.