AD-laW: 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-laW
Largest movements
- Receivables within one year +€26,071
up €26,071 (+192%), from €13,579 to €39,650
of which Trade receivables: +€29,053
- Cash +€16,356
up €16,356 (+33.1%), from €49,464 to €65,819
mainly Other debts (+€57,757) and Net result for the year (+€43,457)
- Tangible fixed assets +€7,696
up €7,696 (+171%), from €4,514 to €12,210
of which Furniture and vehicles: +€4,764
- Intangible fixed assets -€7,145
down €7,145 (-50.1%), from €14,255 to €7,110
- Other debts +€57,757
up €57,757 (+1,276%), from €4,525 to €62,282
- Profit (loss) carried forward -€25,543
down €25,543 (-36.9%), from €69,228 to €43,685
- Tax, wage and social debts +€10,008
up €10,008 (+138%), from €7,236 to €17,244
of which Taxes: +€11,508
- Gross operating margin +€50,062
up €50,062 (+232%), from €21,611 to €71,673
- Taxes +€13,324
up €13,324 (+316%), from €4,215 to €17,539
- Depreciation +€1,396
up €1,396 (+16.7%), from €8,339 to €9,735
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 | €81,998 | €124,887 | +€42,889 | +52.3% |
| Fixed assets | 21/28 | €18,769 | €19,320 | +€551 | +2.9% |
| Intangible fixed assets | 21 | €14,255 | €7,110 | -€7,145 | -50.1% |
| Tangible fixed assets | 22/27 | €4,514 | €12,210 | +€7,696 | +171% |
| Furniture and vehicles | 24 | €2,119 | €6,883 | +€4,764 | +225% |
| Other tangible fixed assets | 26 | €2,394 | €5,327 | +€2,932 | +122% |
| Current assets | 29/58 | €63,229 | €105,567 | +€42,338 | +67.0% |
| Amounts receivable within one year | 40/41 | €13,579 | €39,650 | +€26,071 | +192% |
| Trade receivables | 40 | €10,598 | €39,650 | +€29,053 | +274% |
| Other amounts receivable | 41 | €2,982 | - | -€2,982 | |
| Cash at bank and in hand | 54/58 | €49,464 | €65,819 | +€16,356 | +33.1% |
| Deferred charges and accrued income | 490/1 | €185 | €97 | -€89 | -47.8% |
| Total equity and liabilities | 10/49 | €81,998 | €124,887 | +€42,889 | +52.3% |
| Equity | 10/15 | €70,228 | €44,685 | -€25,543 | -36.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,228 | €43,685 | -€25,543 | -36.9% |
| Amounts payable | 17/49 | €11,770 | €80,202 | +€68,432 | +581% |
| Amounts payable within one year | 42/48 | €11,770 | €80,202 | +€68,432 | +581% |
| Trade debts | 44 | €9 | €676 | +€666 | +7,020% |
| Suppliers | 440/4 | €9 | €676 | +€666 | +7,020% |
| Taxes, remuneration and social security | 45 | €7,236 | €17,244 | +€10,008 | +138% |
| Taxes | 450/3 | €5,736 | €17,244 | +€11,508 | +201% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €4,525 | €62,282 | +€57,757 | +1,276% |
| Non-recurring operating income | 76A | - | €210 | +€210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,339 | €9,735 | +€1,396 | +16.7% |
| Other operating charges | 640/8 | €909 | €928 | +€19 | +2.1% |
| Gross operating margin | 9900 | €21,611 | €71,673 | +€50,062 | +232% |
| Operating profit (loss) | 9901 | €12,362 | €61,010 | +€48,647 | +394% |
| Financial income | 75/76B | €0 | €0 | -€0 | -10.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -10.0% |
| Financial charges | 65/66B | €151 | €14 | -€138 | -90.9% |
| Recurring financial charges | 65 | €151 | €14 | -€138 | -90.9% |
| Profit (loss) for the period before taxes | 9903 | €12,211 | €60,996 | +€48,785 | +400% |
| Income taxes | 67/77 | €4,215 | €17,539 | +€13,324 | +316% |
| Profit (loss) for the period | 9904 | €7,997 | €43,457 | +€35,461 | +443% |
| Profit (loss) for the period to be appropriated | 9905 | €7,997 | €43,457 | +€35,461 | +443% |
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 16 October 2026 via checked.be.