Ad Medium: 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 Medium
Largest movements
- Cash +€4,794
up €4,794 (+882.0%), from €543 to €5,337
mainly Current portion of long-term debt (+€4,000) and Other debts (+€2,398)
- Receivables within one year +€3,868
up €3,868 (+49.2%), from €7,865 to €11,733
of which Other amounts receivable: +€3,868
- Tangible fixed assets -€236
down €236 (-48.6%), from €485 to €249
of which Plant, machinery and equipment: -€236
- Deferred charges and accrued income +€216
up €216 (+19.2%), from €1,124 to €1,340
- Current portion of long-term debt +€4,000
new in 2025: €4,000
- Other debts +€2,398
up €2,398 (+32.6%), from €7,362 to €9,760
- Profit (loss) carried forward +€2,313
up €2,313 (+8.2%), from -€28,340 to -€26,027
- Trade debts -€992
down €992 (-61.8%), from €1,604 to €613
- Tax, wage and social debts +€922
up €922 (+17.7%), from €5,222 to €6,144
- Gross operating margin +€18,221
up €18,221, from -€14,362 to €3,858
- Financial charges -€4,331
down €4,331 (-81.0%), from €5,349 to €1,019
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 | €10,018 | €18,660 | +€8,642 | +86.3% |
| Fixed assets | 21/28 | €485 | €249 | -€236 | -48.6% |
| Tangible fixed assets | 22/27 | €485 | €249 | -€236 | -48.6% |
| Plant, machinery and equipment | 23 | €485 | €249 | -€236 | -48.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €9,532 | €18,410 | +€8,878 | +93.1% |
| Amounts receivable within one year | 40/41 | €7,865 | €11,733 | +€3,868 | +49.2% |
| Trade receivables | 40 | €7,865 | €7,865 | = | 0.0% |
| Other amounts receivable | 41 | - | €3,868 | +€3,868 | |
| Cash at bank and in hand | 54/58 | €543 | €5,337 | +€4,794 | +882.0% |
| Deferred charges and accrued income | 490/1 | €1,124 | €1,340 | +€216 | +19.2% |
| Total equity and liabilities | 10/49 | €10,018 | €18,660 | +€8,642 | +86.3% |
| Equity | 10/15 | -€4,170 | -€1,857 | +€2,313 | +55.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,570 | €5,570 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5,570 | €5,570 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,340 | -€26,027 | +€2,313 | +8.2% |
| Amounts payable | 17/49 | €14,188 | €20,516 | +€6,328 | +44.6% |
| Amounts payable within one year | 42/48 | €14,188 | €20,516 | +€6,328 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,000 | +€4,000 | |
| Trade debts | 44 | €1,604 | €613 | -€992 | -61.8% |
| Suppliers | 440/4 | €1,604 | €613 | -€992 | -61.8% |
| Taxes, remuneration and social security | 45 | €5,222 | €6,144 | +€922 | +17.7% |
| Taxes | 450/3 | €5,222 | €6,144 | +€922 | +17.7% |
| Other amounts payable | 47/48 | €7,362 | €9,760 | +€2,398 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222 | €236 | +€14 | +6.1% |
| Other operating charges | 640/8 | €169 | €159 | -€9 | -5.6% |
| Gross operating margin | 9900 | -€14,362 | €3,858 | +€18,221 | |
| Operating profit (loss) | 9901 | -€14,753 | €3,463 | +€18,217 | |
| Financial income | 75/76B | €9 | €1 | -€8 | -91.3% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -91.3% |
| Financial charges | 65/66B | €5,349 | €1,019 | -€4,331 | -81.0% |
| Recurring financial charges | 65 | €5,349 | €1,019 | -€4,331 | -81.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,094 | €2,445 | +€22,539 | |
| Income taxes | 67/77 | €156 | €132 | -€24 | -15.4% |
| Profit (loss) for the period | 9904 | -€20,250 | €2,313 | +€22,563 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,250 | €2,313 | +€22,563 |
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 10 October 2026 via checked.be.