AD & GI Services: 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 & GI Services
Largest movements
- Receivables within one year +€98,784
up €98,784 (+58.8%), from €168,007 to €266,791
of which Trade receivables: +€98,784
- Tangible fixed assets -€31,091
down €31,091 (-29.2%), from €106,317 to €75,226
of which Furniture and vehicles: -€32,378
- Cash -€29,402
down €29,402 (-60.1%), from €48,933 to €19,531
mainly Receivables within one year (-€98,784) and Debts after one year (-€32,334)
- Trade debts +€47,710
up €47,710 (+38.7%), from €123,414 to €171,124
- Debts after one year -€32,334
down €32,334 (-37.9%), from €85,287 to €52,953
- Other debts +€8,123
up €8,123 (+88.6%), from €9,169 to €17,292
- Current portion of long-term debt +€4,412
up €4,412 (+18.0%), from €24,577 to €28,989
- Reserves +€3,800
up €3,800 (+9.6%), from €39,500 to €43,300
- Staff costs -€42,716
down €42,716 (-36.3%), from €117,827 to €75,111
- Gross operating margin -€37,110
down €37,110 (-22.4%), from €165,432 to €128,322
- Depreciation +€4,708
up €4,708 (+14.7%), from €32,021 to €36,730
- Financial charges +€2,069
up €2,069 (+46.8%), from €4,417 to €6,486
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 | €329,313 | €364,608 | +€35,296 | +10.7% |
| Fixed assets | 21/28 | €108,567 | €77,476 | -€31,091 | -28.6% |
| Tangible fixed assets | 22/27 | €106,317 | €75,226 | -€31,091 | -29.2% |
| Plant, machinery and equipment | 23 | - | €1,286 | +€1,286 | |
| Furniture and vehicles | 24 | €106,317 | €73,939 | -€32,378 | -30.5% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €220,746 | €287,133 | +€66,387 | +30.1% |
| Amounts receivable within one year | 40/41 | €168,007 | €266,791 | +€98,784 | +58.8% |
| Trade receivables | 40 | €145,903 | €244,687 | +€98,784 | +67.7% |
| Other amounts receivable | 41 | €22,104 | €22,104 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €48,933 | €19,531 | -€29,402 | -60.1% |
| Deferred charges and accrued income | 490/1 | €3,807 | €811 | -€2,996 | -78.7% |
| Total equity and liabilities | 10/49 | €329,313 | €364,608 | +€35,296 | +10.7% |
| Equity | 10/15 | €40,595 | €44,408 | +€3,813 | +9.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €39,500 | €43,300 | +€3,800 | +9.6% |
| Distributable reserves | 133 | €39,500 | €43,300 | +€3,800 | +9.6% |
| Profit (loss) carried forward | 14 | €95 | €108 | +€13 | +13.3% |
| Amounts payable | 17/49 | €288,718 | €320,201 | +€31,483 | +10.9% |
| Amounts payable after more than one year | 17 | €85,287 | €52,953 | -€32,334 | -37.9% |
| Financial debts | 170/4 | €85,287 | €52,953 | -€32,334 | -37.9% |
| Amounts payable within one year | 42/48 | €203,431 | €267,248 | +€63,817 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €24,577 | €28,989 | +€4,412 | +18.0% |
| Trade debts | 44 | €123,414 | €171,124 | +€47,710 | +38.7% |
| Suppliers | 440/4 | €123,414 | €171,124 | +€47,710 | +38.7% |
| Taxes, remuneration and social security | 45 | €46,271 | €49,842 | +€3,571 | +7.7% |
| Taxes | 450/3 | €39,399 | €42,303 | +€2,904 | +7.4% |
| Remuneration and social security | 454/9 | €6,872 | €7,539 | +€667 | +9.7% |
| Other amounts payable | 47/48 | €9,169 | €17,292 | +€8,123 | +88.6% |
| Remuneration, social security and pensions | 62 | €117,827 | €75,111 | -€42,716 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,021 | €36,730 | +€4,708 | +14.7% |
| Other operating charges | 640/8 | €2,479 | €2,580 | +€101 | +4.1% |
| Gross operating margin | 9900 | €165,432 | €128,322 | -€37,110 | -22.4% |
| Operating profit (loss) | 9901 | €13,105 | €13,901 | +€797 | +6.1% |
| Financial income | 75/76B | €134 | €1 | -€134 | -99.5% |
| Recurring financial income | 75 | €134 | €1 | -€134 | -99.5% |
| Financial charges | 65/66B | €4,417 | €6,486 | +€2,069 | +46.8% |
| Recurring financial charges | 65 | €4,417 | €6,486 | +€2,069 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €8,822 | €7,416 | -€1,406 | -15.9% |
| Income taxes | 67/77 | €3,951 | €3,604 | -€347 | -8.8% |
| Profit (loss) for the period | 9904 | €4,871 | €3,813 | -€1,058 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,871 | €3,813 | -€1,058 | -21.7% |
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 9 October 2026 via checked.be.