Ad Néo: 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 Néo
Largest movements
- Cash +€104,252
up €104,252 (+362%), from €28,798 to €133,049
mainly Other debts (+€148,545) and Receivables within one year (+€46,625)
- Receivables within one year -€46,625
down €46,625 (-79.1%), from €58,980 to €12,355
of which Other amounts receivable: -€30,656
- Receivables after one year -€34,989
no longer reported in 2025 (was €34,989)
- Tangible fixed assets -€12,832
down €12,832 (-18.0%), from €71,284 to €58,452
of which Furniture and vehicles: -€12,212
- Other debts +€148,545
new in 2025: €148,545
- Profit (loss) carried forward -€126,245
no longer reported in 2025 (was €126,245)
- Debts after one year -€11,056
down €11,056 (-35.0%), from €31,554 to €20,498
- Tax, wage and social debts +€6,267
up €6,267 (+92.8%), from €6,750 to €13,017
of which Taxes: +€8,267
- Current portion of long-term debt -€4,361
down €4,361 (-28.3%), from €15,417 to €11,056
- Gross operating margin +€21,036
up €21,036 (+59.5%), from €35,343 to €56,379
- Taxes +€10,817
up €10,817 (+12,587%), from €86 to €10,903
- Depreciation -€4,920
down €4,920 (-23.7%), from €20,750 to €15,830
- Financial income -€1,549
down €1,549 (-71.0%), from €2,181 to €633
- Other operating charges -€765
down €765 (-57.7%), from €1,326 to €560
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 | €195,720 | €205,276 | +€9,555 | +4.9% |
| Fixed assets | 21/28 | €71,284 | €58,452 | -€12,832 | -18.0% |
| Tangible fixed assets | 22/27 | €71,284 | €58,452 | -€12,832 | -18.0% |
| Land and buildings | 22 | €23,549 | €22,930 | -€619 | -2.6% |
| Furniture and vehicles | 24 | €47,735 | €35,522 | -€12,212 | -25.6% |
| Current assets | 29/58 | €124,436 | €146,823 | +€22,387 | +18.0% |
| Amounts receivable after more than one year | 29 | €34,989 | - | -€34,989 | |
| Trade receivables | 290 | €34,989 | - | -€34,989 | |
| Amounts receivable within one year | 40/41 | €58,980 | €12,355 | -€46,625 | -79.1% |
| Trade receivables | 40 | €22,008 | €6,039 | -€15,969 | -72.6% |
| Other amounts receivable | 41 | €36,972 | €6,316 | -€30,656 | -82.9% |
| Cash at bank and in hand | 54/58 | €28,798 | €133,049 | +€104,252 | +362% |
| Deferred charges and accrued income | 490/1 | €1,670 | €1,419 | -€250 | -15.0% |
| Total equity and liabilities | 10/49 | €195,720 | €205,276 | +€9,555 | +4.9% |
| Equity | 10/15 | €132,245 | €6,000 | -€126,245 | -95.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,245 | - | -€126,245 | |
| Amounts payable | 17/49 | €63,475 | €199,276 | +€135,800 | +214% |
| Amounts payable after more than one year | 17 | €31,554 | €20,498 | -€11,056 | -35.0% |
| Financial debts | 170/4 | €31,554 | €20,498 | -€11,056 | -35.0% |
| Amounts payable within one year | 42/48 | €31,922 | €178,394 | +€146,472 | +459% |
| Current portion of amounts payable after more than one year | 42 | €15,417 | €11,056 | -€4,361 | -28.3% |
| Trade debts | 44 | €9,754 | €5,776 | -€3,978 | -40.8% |
| Suppliers | 440/4 | €9,754 | €5,776 | -€3,978 | -40.8% |
| Taxes, remuneration and social security | 45 | €6,750 | €13,017 | +€6,267 | +92.8% |
| Taxes | 450/3 | €2,750 | €11,017 | +€8,267 | +301% |
| Remuneration and social security | 454/9 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Other amounts payable | 47/48 | - | €148,545 | +€148,545 | |
| Accrued charges and deferred income | 492/3 | - | €384 | +€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,750 | €15,830 | -€4,920 | -23.7% |
| Other operating charges | 640/8 | €1,326 | €560 | -€765 | -57.7% |
| Gross operating margin | 9900 | €35,343 | €56,379 | +€21,036 | +59.5% |
| Operating profit (loss) | 9901 | €13,267 | €39,988 | +€26,722 | +201% |
| Financial income | 75/76B | €2,181 | €633 | -€1,549 | -71.0% |
| Recurring financial income | 75 | €2,181 | €633 | -€1,549 | -71.0% |
| Financial charges | 65/66B | €1,486 | €1,313 | -€173 | -11.6% |
| Recurring financial charges | 65 | €1,486 | €1,313 | -€173 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €13,962 | €39,308 | +€25,345 | +182% |
| Income taxes | 67/77 | €86 | €10,903 | +€10,817 | +12,587% |
| Profit (loss) for the period | 9904 | €13,876 | €28,404 | +€14,528 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €13,876 | €28,404 | +€14,528 | +105% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.