AD HOLDING: 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 HOLDING
Largest movements
- Deferred charges and accrued income +€653,900
up €653,900 (+653.9%), from €100,000 to €753,900
- Financial fixed assets +€638,000
up €638,000 (+65.7%), from €970,502 to €1.6m
- Profit (loss) carried forward +€1.3m
up €1.3m (+468.7%), from €271,777 to €1.5m
- Financial income +€1.2m
up €1.2m (+1210.0%), from €100,000 to €1.3m
- Financial charges -€2,520
down €2,520 (-55.2%), from €4,563 to €2,043
- Other operating charges -€968
no longer reported in 2025 (was €968)
- Gross operating margin -€38
down €38 (-1.9%), from -€2,024 to -€2,062
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 | €1,093,658 | €2,367,201 | +€1.3m | +116.4% |
| Fixed assets | 21/28 | €970,502 | €1,608,502 | +€638,000 | +65.7% |
| Financial fixed assets | 28 | €970,502 | €1,608,502 | +€638,000 | +65.7% |
| Current assets | 29/58 | €123,156 | €758,699 | +€635,543 | +516.0% |
| Cash at bank and in hand | 54/58 | €23,156 | €4,799 | -€18,357 | -79.3% |
| Deferred charges and accrued income | 490/1 | €100,000 | €753,900 | +€653,900 | +653.9% |
| Total equity and liabilities | 10/49 | €1,093,658 | €2,367,201 | +€1.3m | +116.4% |
| Equity | 10/15 | €290,377 | €1,564,302 | +€1.3m | +438.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €271,777 | €1,545,702 | +€1.3m | +468.7% |
| Amounts payable | 17/49 | €803,280 | €802,898 | -€382 | 0.0% |
| Amounts payable after more than one year | 17 | €639,000 | €619,000 | -€20,000 | -3.1% |
| Financial debts | 170/4 | €639,000 | €619,000 | -€20,000 | -3.1% |
| Amounts payable within one year | 42/48 | €164,280 | €183,898 | +€19,618 | +11.9% |
| Trade debts | 44 | €1,960 | €0 | -€1,960 | -100.0% |
| Suppliers | 440/4 | €1,960 | €0 | -€1,960 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,089 | €6,373 | +€3,284 | +106.3% |
| Taxes | 450/3 | €3,089 | €6,373 | +€3,284 | +106.3% |
| Other amounts payable | 47/48 | €159,232 | €177,525 | +€18,294 | +11.5% |
| Other operating charges | 640/8 | €968 | - | -€968 | |
| Gross operating margin | 9900 | -€2,024 | -€2,062 | -€38 | -1.9% |
| Operating profit (loss) | 9901 | -€2,992 | -€2,062 | +€929 | +31.1% |
| Financial income | 75/76B | €100,000 | €1,310,031 | +€1.2m | +1210.0% |
| Recurring financial income | 75 | €100,000 | €1,310,031 | +€1.2m | +1210.0% |
| Financial charges | 65/66B | €4,563 | €2,043 | -€2,520 | -55.2% |
| Recurring financial charges | 65 | €4,563 | €2,043 | -€2,520 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €92,445 | €1,305,925 | +€1.2m | +1312.6% |
| Profit (loss) for the period | 9904 | €92,445 | €1,305,925 | +€1.2m | +1312.6% |
| Profit (loss) for the period to be appropriated | 9905 | €92,445 | €1,305,925 | +€1.2m | +1312.6% |
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 12 October 2026 via checked.be.