AD MELIORA SEMPER: 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 MELIORA SEMPER
Largest movements
- Cash +€23,679
up €23,679 (+134%), from €17,653 to €41,333
mainly Net result for the year (+€47,051) and Other debts (+€5,225)
- Receivables within one year +€23,657
new in 2025: €23,657
of which Other amounts receivable: +€22,807
- Tangible fixed assets +€1,392
new in 2025: €1,392
- Profit (loss) carried forward +€47,051
up €47,051 (+565%), from €8,333 to €55,384
- Other debts +€5,225
up €5,225 (+2,942%), from €178 to €5,403
- Short-term financial debts -€1,777
down €1,777 (-99.0%), from €1,795 to €18
- Trade debts -€820
down €820 (-100%), from €820 to €0
- Gross operating margin +€49,373
up €49,373 (+453%), from €10,890 to €60,264
- Taxes +€10,209
up €10,209 (+470%), from €2,170 to €12,379
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 | €17,653 | €66,990 | +€49,337 | +279% |
| Fixed assets | 21/28 | - | €1,392 | +€1,392 | |
| Tangible fixed assets | 22/27 | - | €1,392 | +€1,392 | |
| Furniture and vehicles | 24 | - | €1,392 | +€1,392 | |
| Current assets | 29/58 | €17,653 | €65,598 | +€47,945 | +272% |
| Amounts receivable within one year | 40/41 | - | €23,657 | +€23,657 | |
| Trade receivables | 40 | - | €850 | +€850 | |
| Other amounts receivable | 41 | - | €22,807 | +€22,807 | |
| Cash at bank and in hand | 54/58 | €17,653 | €41,333 | +€23,679 | +134% |
| Deferred charges and accrued income | 490/1 | - | €609 | +€609 | |
| Total equity and liabilities | 10/49 | €17,653 | €66,990 | +€49,337 | +279% |
| Equity | 10/15 | €9,833 | €56,884 | +€47,051 | +478% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,333 | €55,384 | +€47,051 | +565% |
| Amounts payable | 17/49 | €7,820 | €10,107 | +€2,286 | +29.2% |
| Amounts payable within one year | 42/48 | €7,820 | €10,107 | +€2,286 | +29.2% |
| Financial debts | 43 | €1,795 | €18 | -€1,777 | -99.0% |
| Credit institutions | 430/8 | €1,795 | €18 | -€1,777 | -99.0% |
| Trade debts | 44 | €820 | €0 | -€820 | -100% |
| Suppliers | 440/4 | €820 | €0 | -€820 | -100% |
| Taxes, remuneration and social security | 45 | €5,028 | €4,686 | -€342 | -6.8% |
| Taxes | 450/3 | €5,028 | €4,686 | -€342 | -6.8% |
| Other amounts payable | 47/48 | €178 | €5,403 | +€5,225 | +2,942% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €87 | +€87 | |
| Other operating charges | 640/8 | €387 | €612 | +€225 | +58.0% |
| Gross operating margin | 9900 | €10,890 | €60,264 | +€49,373 | +453% |
| Operating profit (loss) | 9901 | €10,503 | €59,565 | +€49,062 | +467% |
| Financial charges | 65/66B | - | €135 | +€135 | |
| Recurring financial charges | 65 | - | €135 | +€135 | |
| Profit (loss) for the period before taxes | 9903 | €10,503 | €59,430 | +€48,927 | +466% |
| Income taxes | 67/77 | €2,170 | €12,379 | +€10,209 | +470% |
| Profit (loss) for the period | 9904 | €8,333 | €47,051 | +€38,718 | +465% |
| Profit (loss) for the period to be appropriated | 9905 | €8,333 | €47,051 | +€38,718 | +465% |
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 19 October 2026 via checked.be.