AD FINANCES: 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 FINANCES
Largest movements
- Tangible fixed assets -€8,030
down €8,030 (-3.2%), from €252,302 to €244,272
- Deferred charges and accrued income +€3,152
new in 2025: €3,152
- Debts after one year -€11,102
down €11,102 (-6.4%), from €174,788 to €163,686
- Trade debts +€5,444
new in 2025: €5,444
- Other operating charges +€2,374
up €2,374 (+2,793%), from €85 to €2,459
- Gross operating margin +€1,405
up €1,405 (+8.6%), from €16,296 to €17,701
- Financial charges -€410
down €410 (-5.5%), from €7,502 to €7,092
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 | €252,565 | €247,453 | -€5,112 | -2.0% |
| Fixed assets | 21/28 | €252,302 | €244,272 | -€8,030 | -3.2% |
| Tangible fixed assets | 22/27 | €252,302 | €244,272 | -€8,030 | -3.2% |
| Land and buildings | 22 | €252,302 | €244,272 | -€8,030 | -3.2% |
| Current assets | 29/58 | €263 | €3,181 | +€2,918 | +1,110% |
| Cash at bank and in hand | 54/58 | €263 | €29 | -€234 | -89.0% |
| Deferred charges and accrued income | 490/1 | - | €3,152 | +€3,152 | |
| Total equity and liabilities | 10/49 | €252,565 | €247,453 | -€5,112 | -2.0% |
| Equity | 10/15 | €1,470 | €1,590 | +€120 | +8.2% |
| Reserves | 13 | €20,460 | €20,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,460 | €20,460 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,990 | -€18,870 | +€120 | +0.6% |
| Amounts payable | 17/49 | €251,095 | €245,863 | -€5,232 | -2.1% |
| Amounts payable after more than one year | 17 | €174,788 | €163,686 | -€11,102 | -6.4% |
| Financial debts | 170/4 | €174,788 | €163,686 | -€11,102 | -6.4% |
| Amounts payable within one year | 42/48 | €76,307 | €82,177 | +€5,870 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €10,676 | €11,102 | +€426 | +4.0% |
| Trade debts | 44 | - | €5,444 | +€5,444 | |
| Suppliers | 440/4 | - | €5,444 | +€5,444 | |
| Other amounts payable | 47/48 | €65,631 | €65,631 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,031 | €8,031 | = | 0.0% |
| Other operating charges | 640/8 | €85 | €2,459 | +€2,374 | +2,793% |
| Gross operating margin | 9900 | €16,296 | €17,701 | +€1,405 | +8.6% |
| Operating profit (loss) | 9901 | €8,180 | €7,211 | -€969 | -11.8% |
| Financial charges | 65/66B | €7,502 | €7,092 | -€410 | -5.5% |
| Recurring financial charges | 65 | €7,502 | €7,092 | -€410 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €678 | €119 | -€559 | -82.4% |
| Profit (loss) for the period | 9904 | €678 | €119 | -€559 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €678 | €119 | -€559 | -82.4% |
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 15 October 2026 via checked.be.