Ad Hoc Constructions: 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 Hoc Constructions
Largest movements
- Cash -€34,386
down €34,386 (-73.0%), from €47,078 to €12,692
mainly Net result for the year (-€25,843) and Investment in fixed assets (net) (-€25,287)
- Receivables within one year -€6,216
down €6,216 (-5.9%), from €104,821 to €98,605
of which Other amounts receivable: -€3,614
- Tangible fixed assets +€4,319
up €4,319 (+10.1%), from €42,694 to €47,013
of which Leasing and similar rights: +€21,125
- Profit (loss) carried forward -€25,843
new in 2025: -€25,843
- Trade debts -€15,306
down €15,306 (-95.1%), from €16,088 to €783
- Debts after one year +€7,669
up €7,669 (+191.5%), from €4,005 to €11,674
- Other debts -€4,930
down €4,930 (-15.3%), from €32,310 to €27,380
- Current portion of long-term debt +€2,870
up €2,870 (+28.0%), from €10,234 to €13,105
- Gross operating margin -€27,402
down €27,402 (-81.8%), from €33,512 to €6,110
- Staff costs +€4,140
up €4,140 (+81.9%), from €5,053 to €9,194
- Depreciation +€2,901
up €2,901 (+16.1%), from €18,066 to €20,968
- Taxes -€2,348
down €2,348 (-94.0%), from €2,498 to €150
- Financial charges -€553
down €553 (-45.8%), from €1,209 to €655
of which Non-recurring financial charges: -€666
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 | €201,631 | €166,346 | -€35,284 | -17.5% |
| Fixed assets | 21/28 | €42,694 | €47,013 | +€4,319 | +10.1% |
| Tangible fixed assets | 22/27 | €42,694 | €47,013 | +€4,319 | +10.1% |
| Plant, machinery and equipment | 23 | €3,706 | €2,696 | -€1,010 | -27.3% |
| Furniture and vehicles | 24 | €29,457 | €13,661 | -€15,796 | -53.6% |
| Leasing and similar rights | 25 | €9,531 | €30,656 | +€21,125 | +221.7% |
| Current assets | 29/58 | €158,937 | €119,334 | -€39,603 | -24.9% |
| Amounts receivable within one year | 40/41 | €104,821 | €98,605 | -€6,216 | -5.9% |
| Trade receivables | 40 | €97,972 | €95,370 | -€2,602 | -2.7% |
| Other amounts receivable | 41 | €6,849 | €3,235 | -€3,614 | -52.8% |
| Cash at bank and in hand | 54/58 | €47,078 | €12,692 | -€34,386 | -73.0% |
| Deferred charges and accrued income | 490/1 | €7,038 | €8,037 | +€999 | +14.2% |
| Total equity and liabilities | 10/49 | €201,631 | €166,346 | -€35,284 | -17.5% |
| Equity | 10/15 | €135,885 | €110,041 | -€25,843 | -19.0% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €116,053 | €116,053 | = | 0.0% |
| Distributable reserves | 133 | €116,053 | €116,053 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€25,843 | -€25,843 | |
| Amounts payable | 17/49 | €65,746 | €56,305 | -€9,441 | -14.4% |
| Amounts payable after more than one year | 17 | €4,005 | €11,674 | +€7,669 | +191.5% |
| Financial debts | 170/4 | €4,005 | €11,674 | +€7,669 | +191.5% |
| Amounts payable within one year | 42/48 | €61,701 | €44,631 | -€17,070 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €10,234 | €13,105 | +€2,870 | +28.0% |
| Trade debts | 44 | €16,088 | €783 | -€15,306 | -95.1% |
| Suppliers | 440/4 | €16,088 | €783 | -€15,306 | -95.1% |
| Taxes, remuneration and social security | 45 | €3,068 | €3,364 | +€296 | +9.7% |
| Taxes | 450/3 | €452 | €733 | +€281 | +62.3% |
| Remuneration and social security | 454/9 | €2,616 | €2,631 | +€15 | +0.6% |
| Other amounts payable | 47/48 | €32,310 | €27,380 | -€4,930 | -15.3% |
| Accrued charges and deferred income | 492/3 | €40 | - | -€40 | |
| Non-recurring operating income | 76A | - | €1,032 | +€1,032 | |
| Remuneration, social security and pensions | 62 | €5,053 | €9,194 | +€4,140 | +81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,066 | €20,968 | +€2,901 | +16.1% |
| Other operating charges | 640/8 | €691 | €1,030 | +€339 | +49.1% |
| Gross operating margin | 9900 | €33,512 | €6,110 | -€27,402 | -81.8% |
| Operating profit (loss) | 9901 | €9,701 | -€25,081 | -€34,783 | |
| Financial income | 75/76B | €240 | €43 | -€197 | -81.9% |
| Recurring financial income | 75 | €240 | €43 | -€197 | -81.9% |
| Financial charges | 65/66B | €1,209 | €655 | -€553 | -45.8% |
| Recurring financial charges | 65 | €543 | €655 | +€113 | +20.8% |
| Non-recurring financial charges | 66B | €666 | - | -€666 | |
| Profit (loss) for the period before taxes | 9903 | €8,733 | -€25,693 | -€34,426 | |
| Income taxes | 67/77 | €2,498 | €150 | -€2,348 | -94.0% |
| Profit (loss) for the period | 9904 | €6,235 | -€25,843 | -€32,078 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,235 | -€25,843 | -€32,078 |
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 10 October 2026 via checked.be.