AD LIBIDUM: 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 LIBIDUM
Largest movements
- Financial fixed assets +€289,729
up €289,729 (+115%), from €252,500 to €542,229
- Receivables within one year -€114,260
down €114,260 (-90.7%), from €125,978 to €11,718
of which Other amounts receivable: -€113,000
- Cash -€14,784
down €14,784 (-46.9%), from €31,521 to €16,737
mainly Investment in fixed assets (net) (-€291,021) and Net result for the year (-€5,543)
- Short-term financial debts +€150,000
up €150,000 (+150%), from €100,000 to €250,000
- Other debts +€6,281
up €6,281 (+16.0%), from €39,162 to €45,443
- Gross operating margin +€22,788
up €22,788, from -€21,321 to €1,467
- Financial charges -€3,103
down €3,103 (-26.0%), from €11,947 to €8,844
- Financial income +€1,789
up €1,789 (+32.1%), from €5,576 to €7,365
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 | €441,464 | €593,237 | +€151,773 | +34.4% |
| Fixed assets | 21/28 | €272,767 | €558,831 | +€286,065 | +105% |
| Tangible fixed assets | 22/27 | €20,267 | €16,603 | -€3,664 | -18.1% |
| Furniture and vehicles | 24 | €2,674 | €1,731 | -€942 | -35.2% |
| Other tangible fixed assets | 26 | €17,593 | €14,871 | -€2,722 | -15.5% |
| Financial fixed assets | 28 | €252,500 | €542,229 | +€289,729 | +115% |
| Current assets | 29/58 | €168,697 | €34,405 | -€134,292 | -79.6% |
| Amounts receivable after more than one year | 29 | €10,150 | €5,950 | -€4,200 | -41.4% |
| Other amounts receivable | 291 | €10,150 | €5,950 | -€4,200 | -41.4% |
| Amounts receivable within one year | 40/41 | €125,978 | €11,718 | -€114,260 | -90.7% |
| Trade receivables | 40 | €7,431 | €6,171 | -€1,260 | -17.0% |
| Other amounts receivable | 41 | €118,547 | €5,547 | -€113,000 | -95.3% |
| Cash at bank and in hand | 54/58 | €31,521 | €16,737 | -€14,784 | -46.9% |
| Deferred charges and accrued income | 490/1 | €1,048 | €0 | -€1,048 | -100% |
| Total equity and liabilities | 10/49 | €441,464 | €593,237 | +€151,773 | +34.4% |
| Equity | 10/15 | €87,179 | €81,635 | -€5,543 | -6.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,821 | -€118,365 | -€5,543 | -4.9% |
| Amounts payable | 17/49 | €354,285 | €511,601 | +€157,316 | +44.4% |
| Amounts payable after more than one year | 17 | €215,000 | €215,000 | = | 0.0% |
| Other amounts payable | 178/9 | €215,000 | €215,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €139,285 | €295,839 | +€156,554 | +112% |
| Financial debts | 43 | €100,000 | €250,000 | +€150,000 | +150% |
| Credit institutions | 430/8 | €100,000 | €250,000 | +€150,000 | +150% |
| Trade debts | 44 | €123 | €0 | -€123 | -100% |
| Suppliers | 440/4 | €123 | €0 | -€123 | -100% |
| Taxes, remuneration and social security | 45 | €0 | €396 | +€396 | |
| Taxes | 450/3 | €0 | €396 | +€396 | |
| Other amounts payable | 47/48 | €39,162 | €45,443 | +€6,281 | +16.0% |
| Accrued charges and deferred income | 492/3 | - | €762 | +€762 | |
| Non-recurring operating income | 76A | - | €12,000 | +€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,876 | €4,957 | +€81 | +1.7% |
| Other operating charges | 640/8 | €697 | €574 | -€123 | -17.6% |
| Gross operating margin | 9900 | -€21,321 | €1,467 | +€22,788 | |
| Operating profit (loss) | 9901 | -€26,894 | -€4,064 | +€22,830 | +84.9% |
| Financial income | 75/76B | €5,576 | €7,365 | +€1,789 | +32.1% |
| Recurring financial income | 75 | €5,576 | €7,365 | +€1,789 | +32.1% |
| Financial charges | 65/66B | €11,947 | €8,844 | -€3,103 | -26.0% |
| Recurring financial charges | 65 | €11,947 | €8,844 | -€3,103 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | -€33,266 | -€5,543 | +€27,722 | +83.3% |
| Profit (loss) for the period | 9904 | -€33,266 | -€5,543 | +€27,722 | +83.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,266 | -€5,543 | +€27,722 | +83.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.