AD HOC MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€14,341
down €14,341 (-10.3%), from €139,674 to €125,333
mainly Contributions, distributions and other (-€30,890) and Receivables within one year (-€5,195)
- Receivables within one year +€5,195
up €5,195 (+29.9%), from €17,358 to €22,552
of which Other amounts receivable: +€4,313
- Reserves -€8,510
down €8,510 (-7.0%), from €121,832 to €113,322
- Gross operating margin -€14,056
down €14,056 (-29.0%), from €48,521 to €34,466
- Taxes -€3,130
down €3,130 (-22.6%), from €13,836 to €10,706
- Depreciation -€852
down €852 (-63.4%), from €1,344 to €492
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 | €165,957 | €156,318 | -€9,638 | -5.8% |
| Fixed assets | 21/28 | €8,925 | €8,433 | -€492 | -5.5% |
| Tangible fixed assets | 22/27 | €8,911 | €8,419 | -€492 | -5.5% |
| Furniture and vehicles | 24 | €8,911 | €8,419 | -€492 | -5.5% |
| Financial fixed assets | 28 | €13 | €13 | = | 0.0% |
| Current assets | 29/58 | €157,032 | €147,885 | -€9,147 | -5.8% |
| Amounts receivable within one year | 40/41 | €17,358 | €22,552 | +€5,195 | +29.9% |
| Trade receivables | 40 | €17,257 | €18,139 | +€882 | +5.1% |
| Other amounts receivable | 41 | €100 | €4,413 | +€4,313 | +4,298% |
| Cash at bank and in hand | 54/58 | €139,674 | €125,333 | -€14,341 | -10.3% |
| Total equity and liabilities | 10/49 | €165,957 | €156,318 | -€9,638 | -5.8% |
| Equity | 10/15 | €152,717 | €144,210 | -€8,507 | -5.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €121,832 | €113,322 | -€8,510 | -7.0% |
| Distributable reserves | 133 | €121,832 | €113,322 | -€8,510 | -7.0% |
| Profit (loss) carried forward | 14 | €18,485 | €18,487 | +€3 | 0.0% |
| Amounts payable | 17/49 | €13,240 | €12,109 | -€1,131 | -8.5% |
| Amounts payable within one year | 42/48 | €13,240 | €12,109 | -€1,131 | -8.5% |
| Trade debts | 44 | €5,075 | €3,873 | -€1,202 | -23.7% |
| Suppliers | 440/4 | €5,075 | €3,873 | -€1,202 | -23.7% |
| Taxes, remuneration and social security | 45 | €7,209 | €7,381 | +€172 | +2.4% |
| Taxes | 450/3 | €4,909 | €5,081 | +€172 | +3.5% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €955 | €854 | -€102 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,344 | €492 | -€852 | -63.4% |
| Other operating charges | 640/8 | €1,451 | €1,497 | +€45 | +3.1% |
| Gross operating margin | 9900 | €48,521 | €34,466 | -€14,056 | -29.0% |
| Operating profit (loss) | 9901 | €45,726 | €32,477 | -€13,249 | -29.0% |
| Financial income | 75/76B | €302 | €675 | +€373 | +124% |
| Recurring financial income | 75 | €302 | €675 | +€373 | +124% |
| Financial charges | 65/66B | €45 | €64 | +€19 | +40.9% |
| Recurring financial charges | 65 | €45 | €64 | +€19 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €45,983 | €33,088 | -€12,894 | -28.0% |
| Income taxes | 67/77 | €13,836 | €10,706 | -€3,130 | -22.6% |
| Profit (loss) for the period | 9904 | €32,147 | €22,383 | -€9,764 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,147 | €22,383 | -€9,764 | -30.4% |
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 31 October 2026 via checked.be.