AD LIBITUM: what changed
Two fiscal 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 LIBITUM
Largest movements
- Tangible fixed assets +€22,932
up €22,932 (+1454.3%), from €1,577 to €24,509
- Cash -€8,602
down €8,602 (-39.4%), from €21,805 to €13,203
mainly Investment in fixed assets (net) (-€26,669) and Other debts (-€11,241)
- Receivables within one year -€4,994
down €4,994 (-10.9%), from €45,986 to €40,992
of which Trade receivables: -€10,462
- Reserves +€22,234
up €22,234 (+88.6%), from €25,107 to €47,342
- Other debts -€11,241
down €11,241 (-59.2%), from €19,000 to €7,759
- Tax, wage and social debts -€4,620
down €4,620 (-25.1%), from €18,425 to €13,805
- Trade debts +€3,323
up €3,323 (+522.1%), from €636 to €3,959
- Gross operating margin -€6,201
down €6,201 (-16.1%), from €38,552 to €32,350
- Financial income +€4,953
up €4,953 (+41519.3%), from €12 to €4,965
of which Non-recurring financial income: +€4,959
- Depreciation +€2,390
up €2,390 (+177.4%), from €1,347 to €3,736
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,368 | €79,285 | +€9,917 | +14.3% |
| Fixed assets | 21/28 | €1,577 | €24,509 | +€22,932 | +1454.3% |
| Tangible fixed assets | 22/27 | €1,577 | €24,509 | +€22,932 | +1454.3% |
| Furniture and vehicles | 24 | €1,577 | €24,509 | +€22,932 | +1454.3% |
| Current assets | 29/58 | €67,791 | €54,775 | -€13,016 | -19.2% |
| Amounts receivable within one year | 40/41 | €45,986 | €40,992 | -€4,994 | -10.9% |
| Trade receivables | 40 | €45,986 | €35,524 | -€10,462 | -22.8% |
| Other amounts receivable | 41 | - | €5,469 | +€5,469 | |
| Cash at bank and in hand | 54/58 | €21,805 | €13,203 | -€8,602 | -39.4% |
| Deferred charges and accrued income | 490/1 | - | €580 | +€580 | |
| Total equity and liabilities | 10/49 | €69,368 | €79,285 | +€9,917 | +14.3% |
| Equity | 10/15 | €31,307 | €53,542 | +€22,234 | +71.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,107 | €47,342 | +€22,234 | +88.6% |
| Distributable reserves | 133 | €25,107 | €47,342 | +€22,234 | +88.6% |
| Amounts payable | 17/49 | €38,061 | €25,743 | -€12,318 | -32.4% |
| Amounts payable within one year | 42/48 | €38,061 | €25,743 | -€12,318 | -32.4% |
| Financial debts | 43 | - | €220 | +€220 | |
| Credit institutions | 430/8 | - | €220 | +€220 | |
| Trade debts | 44 | €636 | €3,959 | +€3,323 | +522.1% |
| Suppliers | 440/4 | €636 | €3,959 | +€3,323 | +522.1% |
| Taxes, remuneration and social security | 45 | €18,425 | €13,805 | -€4,620 | -25.1% |
| Taxes | 450/3 | €18,425 | €13,805 | -€4,620 | -25.1% |
| Other amounts payable | 47/48 | €19,000 | €7,759 | -€11,241 | -59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,347 | €3,736 | +€2,390 | +177.4% |
| Other operating charges | 640/8 | €634 | €640 | +€6 | +1.0% |
| Non-recurring operating charges | 66A | - | €281 | +€281 | |
| Gross operating margin | 9900 | €38,552 | €32,350 | -€6,201 | -16.1% |
| Operating profit (loss) | 9901 | €36,571 | €27,694 | -€8,878 | -24.3% |
| Financial income | 75/76B | €12 | €4,965 | +€4,953 | +41519.3% |
| Recurring financial income | 75 | €12 | €7 | -€5 | -45.5% |
| Non-recurring financial income | 76B | - | €4,959 | +€4,959 | |
| Financial charges | 65/66B | €282 | €393 | +€112 | +39.6% |
| Recurring financial charges | 65 | €282 | €393 | +€112 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | €36,302 | €32,266 | -€4,036 | -11.1% |
| Income taxes | 67/77 | €10,030 | €10,031 | +€1 | 0.0% |
| Profit (loss) for the period | 9904 | €26,271 | €22,234 | -€4,037 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,271 | €22,234 | -€4,037 | -15.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.