AD.ME: 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.ME
Largest movements
- Cash +€26,720
up €26,720 (+137.0%), from €19,504 to €46,224
mainly Net result for the year (+€35,670) and Other debts (+€26,067)
- Tangible fixed assets -€18,437
down €18,437 (-36.7%), from €50,294 to €31,856
- Receivables within one year +€17,044
up €17,044 (+82.0%), from €20,785 to €37,829
of which Other amounts receivable: +€19,131
- Stocks and contracts +€6,049
up €6,049 (+202.5%), from €2,987 to €9,036
- Deferred charges and accrued income +€5,991
up €5,991 (+4832.9%), from €124 to €6,115
- Other debts +€26,067
up €26,067 (+191.9%), from €13,580 to €39,648
- Tax, wage and social debts +€11,275
up €11,275 (+43.1%), from €26,189 to €37,464
- Debts after one year -€9,176
down €9,176 (-26.5%), from €34,594 to €25,418
- Trade debts +€8,184
up €8,184 (+123.9%), from €6,607 to €14,790
- Other operating charges -€23,592
down €23,592 (-96.4%), from €24,467 to €874
- Depreciation +€12,136
up €12,136 (+161.0%), from €7,538 to €19,674
- Taxes +€4,345
up €4,345 (+47.7%), from €9,110 to €13,455
- Gross operating margin +€875
up €875 (+1.2%), from €71,046 to €71,921
- Financial charges +€864
up €864 (+52.5%), from €1,646 to €2,510
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 | €93,693 | €131,061 | +€37,368 | +39.9% |
| Fixed assets | 21/28 | €50,294 | €31,856 | -€18,437 | -36.7% |
| Tangible fixed assets | 22/27 | €50,294 | €31,856 | -€18,437 | -36.7% |
| Furniture and vehicles | 24 | €50,294 | €31,856 | -€18,437 | -36.7% |
| Current assets | 29/58 | €43,400 | €99,204 | +€55,805 | +128.6% |
| Stocks and contracts in progress | 3 | €2,987 | €9,036 | +€6,049 | +202.5% |
| Stocks | 30/36 | €2,987 | €9,036 | +€6,049 | +202.5% |
| Amounts receivable within one year | 40/41 | €20,785 | €37,829 | +€17,044 | +82.0% |
| Trade receivables | 40 | €19,915 | €17,828 | -€2,087 | -10.5% |
| Other amounts receivable | 41 | €870 | €20,002 | +€19,131 | +2198.2% |
| Cash at bank and in hand | 54/58 | €19,504 | €46,224 | +€26,720 | +137.0% |
| Deferred charges and accrued income | 490/1 | €124 | €6,115 | +€5,991 | +4832.9% |
| Total equity and liabilities | 10/49 | €93,693 | €131,061 | +€37,368 | +39.9% |
| Equity | 10/15 | €3,895 | €4,565 | +€670 | +17.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €895 | €1,565 | +€670 | +74.9% |
| Amounts payable | 17/49 | €89,798 | €126,496 | +€36,698 | +40.9% |
| Amounts payable after more than one year | 17 | €34,594 | €25,418 | -€9,176 | -26.5% |
| Financial debts | 170/4 | €34,594 | €25,418 | -€9,176 | -26.5% |
| Amounts payable within one year | 42/48 | €55,204 | €101,078 | +€45,874 | +83.1% |
| Current portion of amounts payable after more than one year | 42 | €8,828 | €9,176 | +€349 | +3.9% |
| Trade debts | 44 | €6,607 | €14,790 | +€8,184 | +123.9% |
| Suppliers | 440/4 | €6,607 | €14,790 | +€8,184 | +123.9% |
| Taxes, remuneration and social security | 45 | €26,189 | €37,464 | +€11,275 | +43.1% |
| Taxes | 450/3 | €26,189 | €37,464 | +€11,275 | +43.1% |
| Other amounts payable | 47/48 | €13,580 | €39,648 | +€26,067 | +191.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,538 | €19,674 | +€12,136 | +161.0% |
| Other operating charges | 640/8 | €24,467 | €874 | -€23,592 | -96.4% |
| Gross operating margin | 9900 | €71,046 | €71,921 | +€875 | +1.2% |
| Operating profit (loss) | 9901 | €39,041 | €51,373 | +€12,332 | +31.6% |
| Financial income | 75/76B | - | €262 | +€262 | |
| Recurring financial income | 75 | - | €262 | +€262 | |
| Financial charges | 65/66B | €1,646 | €2,510 | +€864 | +52.5% |
| Recurring financial charges | 65 | €1,646 | €2,510 | +€864 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | €37,395 | €49,125 | +€11,730 | +31.4% |
| Income taxes | 67/77 | €9,110 | €13,455 | +€4,345 | +47.7% |
| Profit (loss) for the period | 9904 | €28,285 | €35,670 | +€7,385 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,285 | €35,670 | +€7,385 | +26.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.