AD & LIE: 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 & LIE
Largest movements
- Cash +€9,906
up €9,906 (+85.7%), from €11,560 to €21,466
mainly Net result for the year (+€12,442) and Depreciation (+€4,987)
- Intangible fixed assets -€3,500
down €3,500 (-13.0%), from €26,967 to €23,467
- Receivables within one year -€2,668
down €2,668 (-97.2%), from €2,746 to €78
- Tangible fixed assets +€1,014
up €1,014 (+32.3%), from €3,136 to €4,150
- Profit (loss) carried forward +€12,442
up €12,442 (+635.4%), from €1,958 to €14,401
- Debts after one year -€7,599
down €7,599 (-40.6%), from €18,716 to €11,117
of which Financial debts: -€7,030
- Tax, wage and social debts +€4,168
up €4,168 (+90.6%), from €4,600 to €8,768
- Advances received -€3,034
no longer reported in 2025 (was €3,034)
- Trade debts -€949
down €949 (-43.0%), from €2,207 to €1,258
- Gross operating margin +€16,864
up €16,864 (+267.5%), from €6,303 to €23,167
- Taxes +€4,177
new in 2025: €4,177
- Other operating charges -€914
down €914 (-55.4%), from €1,649 to €735
- Financial charges -€550
down €550 (-40.0%), from €1,377 to €826
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 | €44,409 | €49,161 | +€4,752 | +10.7% |
| Fixed assets | 21/28 | €30,103 | €27,617 | -€2,486 | -8.3% |
| Intangible fixed assets | 21 | €26,967 | €23,467 | -€3,500 | -13.0% |
| Tangible fixed assets | 22/27 | €3,136 | €4,150 | +€1,014 | +32.3% |
| Furniture and vehicles | 24 | €3,136 | €4,150 | +€1,014 | +32.3% |
| Current assets | 29/58 | €14,306 | €21,544 | +€7,238 | +50.6% |
| Amounts receivable within one year | 40/41 | €2,746 | €78 | -€2,668 | -97.2% |
| Trade receivables | 40 | €2,746 | €78 | -€2,668 | -97.2% |
| Cash at bank and in hand | 54/58 | €11,560 | €21,466 | +€9,906 | +85.7% |
| Total equity and liabilities | 10/49 | €44,409 | €49,161 | +€4,752 | +10.7% |
| Equity | 10/15 | €7,958 | €20,401 | +€12,442 | +156.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,958 | €14,401 | +€12,442 | +635.4% |
| Amounts payable | 17/49 | €36,451 | €28,761 | -€7,690 | -21.1% |
| Amounts payable after more than one year | 17 | €18,716 | €11,117 | -€7,599 | -40.6% |
| Financial debts | 170/4 | €12,489 | €5,459 | -€7,030 | -56.3% |
| Other amounts payable | 178/9 | €6,228 | €5,659 | -€569 | -9.1% |
| Amounts payable within one year | 42/48 | €16,597 | €17,056 | +€459 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €6,756 | €7,030 | +€274 | +4.1% |
| Trade debts | 44 | €2,207 | €1,258 | -€949 | -43.0% |
| Suppliers | 440/4 | €2,207 | €1,258 | -€949 | -43.0% |
| Advances received on contracts in progress | 46 | €3,034 | - | -€3,034 | |
| Taxes, remuneration and social security | 45 | €4,600 | €8,768 | +€4,168 | +90.6% |
| Taxes | 450/3 | €4,600 | €8,768 | +€4,168 | +90.6% |
| Accrued charges and deferred income | 492/3 | €1,138 | €588 | -€550 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,835 | €4,987 | +€152 | +3.1% |
| Other operating charges | 640/8 | €1,649 | €735 | -€914 | -55.4% |
| Gross operating margin | 9900 | €6,303 | €23,167 | +€16,864 | +267.5% |
| Operating profit (loss) | 9901 | -€181 | €17,445 | +€17,626 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,377 | €826 | -€550 | -40.0% |
| Recurring financial charges | 65 | €1,377 | €826 | -€550 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,557 | €16,619 | +€18,177 | |
| Income taxes | 67/77 | - | €4,177 | +€4,177 | |
| Profit (loss) for the period | 9904 | -€1,557 | €12,442 | +€14,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,557 | €12,442 | +€14,000 |
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 9 October 2026 via checked.be.