AD HANDLING: 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 HANDLING
Largest movements
- Tangible fixed assets +€23,092
new in 2025: €23,092
- Receivables within one year +€21,557
up €21,557 (+27.8%), from €77,636 to €99,193
of which Trade receivables: +€14,976
- Trade debts +€70,183
up €70,183 (+47.1%), from €149,054 to €219,237
- Tax, wage and social debts -€36,678
down €36,678 (-21.8%), from €168,248 to €131,571
of which Remuneration and social security: -€38,120
- Profit (loss) carried forward +€18,387
up €18,387 (+36.8%), from €49,975 to €68,361
- Gross operating margin -€199,810
down €199,810 (-23.0%), from €868,954 to €669,145
- Staff costs -€130,205
down €130,205 (-16.8%), from €774,494 to €644,290
- Taxes -€21,823
down €21,823 (-61.6%), from €35,416 to €13,594
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 | €525,832 | €577,724 | +€51,892 | +9.9% |
| Fixed assets | 21/28 | €200 | €23,292 | +€23,092 | +11,546% |
| Tangible fixed assets | 22/27 | - | €23,092 | +€23,092 | |
| Furniture and vehicles | 24 | - | €23,092 | +€23,092 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €525,632 | €554,432 | +€28,800 | +5.5% |
| Amounts receivable within one year | 40/41 | €77,636 | €99,193 | +€21,557 | +27.8% |
| Trade receivables | 40 | €61,863 | €76,839 | +€14,976 | +24.2% |
| Other amounts receivable | 41 | €15,772 | €22,354 | +€6,582 | +41.7% |
| Cash at bank and in hand | 54/58 | €445,527 | €450,026 | +€4,499 | +1.0% |
| Deferred charges and accrued income | 490/1 | €2,469 | €5,213 | +€2,744 | +111% |
| Total equity and liabilities | 10/49 | €525,832 | €577,724 | +€51,892 | +9.9% |
| Equity | 10/15 | €205,930 | €224,316 | +€18,387 | +8.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €93,955 | €93,955 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €87,755 | €87,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,975 | €68,361 | +€18,387 | +36.8% |
| Provisions and deferred taxes | 16 | €2,600 | €2,600 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,600 | €2,600 | = | 0.0% |
| Major repairs and maintenance | 162 | €2,600 | €2,600 | = | 0.0% |
| Amounts payable | 17/49 | €317,302 | €350,808 | +€33,506 | +10.6% |
| Amounts payable within one year | 42/48 | €317,302 | €350,808 | +€33,506 | +10.6% |
| Trade debts | 44 | €149,054 | €219,237 | +€70,183 | +47.1% |
| Suppliers | 440/4 | €149,054 | €219,237 | +€70,183 | +47.1% |
| Taxes, remuneration and social security | 45 | €168,248 | €131,571 | -€36,678 | -21.8% |
| Taxes | 450/3 | €48,757 | €50,200 | +€1,443 | +3.0% |
| Remuneration and social security | 454/9 | €119,492 | €81,371 | -€38,120 | -31.9% |
| Remuneration, social security and pensions | 62 | €774,494 | €644,290 | -€130,205 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,128 | +€2,128 | |
| Gross operating margin | 9900 | €868,954 | €669,145 | -€199,810 | -23.0% |
| Operating profit (loss) | 9901 | €94,460 | €22,727 | -€71,733 | -75.9% |
| Financial income | 75/76B | €13,279 | €9,639 | -€3,640 | -27.4% |
| Recurring financial income | 75 | €13,279 | €9,639 | -€3,640 | -27.4% |
| Financial charges | 65/66B | €1,789 | €385 | -€1,404 | -78.5% |
| Recurring financial charges | 65 | €1,789 | €385 | -€1,404 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €105,949 | €31,980 | -€73,969 | -69.8% |
| Income taxes | 67/77 | €35,416 | €13,594 | -€21,823 | -61.6% |
| Profit (loss) for the period | 9904 | €70,533 | €18,387 | -€52,147 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,533 | €18,387 | -€52,147 | -73.9% |
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 22 October 2026 via checked.be.