AD.O: 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.O
Largest movements
- Tangible fixed assets -€5,038
down €5,038 (-34.0%), from €14,832 to €9,794
of which Furniture and vehicles: -€3,476
- Cash +€4,626
up €4,626 (+34.6%), from €13,373 to €17,999
mainly Depreciation (+€5,038) and Net result for the year (+€4,591)
- Deferred charges and accrued income -€3,835
down €3,835 (-100.0%), from €3,835 to €0
- Receivables within one year +€1,077
up €1,077 (+5.8%), from €18,451 to €19,528
- Profit (loss) carried forward +€4,591
up €4,591 (+406.0%), from €1,131 to €5,722
- Debts after one year -€3,366
down €3,366 (-48.9%), from €6,884 to €3,517
- Tax, wage and social debts -€3,290
down €3,290 (-23.9%), from €13,783 to €10,493
of which Taxes: -€1,831
- Trade debts -€1,249
down €1,249 (-71.9%), from €1,737 to €487
- Staff costs -€15,299
down €15,299 (-43.7%), from €35,010 to €19,711
- Gross operating margin +€14,954
up €14,954 (+89.2%), from €16,764 to €31,718
- Taxes +€1,255
up €1,255 (+1676.6%), from €75 to €1,330
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 | €50,491 | €47,321 | -€3,170 | -6.3% |
| Fixed assets | 21/28 | €14,832 | €9,794 | -€5,038 | -34.0% |
| Tangible fixed assets | 22/27 | €14,832 | €9,794 | -€5,038 | -34.0% |
| Plant, machinery and equipment | 23 | €4,993 | €3,431 | -€1,562 | -31.3% |
| Furniture and vehicles | 24 | €9,839 | €6,364 | -€3,476 | -35.3% |
| Current assets | 29/58 | €35,659 | €37,527 | +€1,868 | +5.2% |
| Amounts receivable within one year | 40/41 | €18,451 | €19,528 | +€1,077 | +5.8% |
| Trade receivables | 40 | €18,451 | €19,528 | +€1,077 | +5.8% |
| Cash at bank and in hand | 54/58 | €13,373 | €17,999 | +€4,626 | +34.6% |
| Deferred charges and accrued income | 490/1 | €3,835 | €0 | -€3,835 | -100.0% |
| Total equity and liabilities | 10/49 | €50,491 | €47,321 | -€3,170 | -6.3% |
| Equity | 10/15 | €18,631 | €23,222 | +€4,591 | +24.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,131 | €5,722 | +€4,591 | +406.0% |
| Amounts payable | 17/49 | €31,860 | €24,099 | -€7,761 | -24.4% |
| Amounts payable after more than one year | 17 | €6,884 | €3,517 | -€3,366 | -48.9% |
| Financial debts | 170/4 | €6,884 | €3,517 | -€3,366 | -48.9% |
| Amounts payable within one year | 42/48 | €24,976 | €20,582 | -€4,395 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €3,222 | €3,366 | +€145 | +4.5% |
| Trade debts | 44 | €1,737 | €487 | -€1,249 | -71.9% |
| Suppliers | 440/4 | €1,737 | €487 | -€1,249 | -71.9% |
| Taxes, remuneration and social security | 45 | €13,783 | €10,493 | -€3,290 | -23.9% |
| Taxes | 450/3 | €10,802 | €8,971 | -€1,831 | -17.0% |
| Remuneration and social security | 454/9 | €2,981 | €1,522 | -€1,459 | -48.9% |
| Other amounts payable | 47/48 | €6,235 | €6,235 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €35,010 | €19,711 | -€15,299 | -43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,038 | €5,038 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €33 | +€33 | |
| Other operating charges | 640/8 | €390 | €568 | +€178 | +45.6% |
| Gross operating margin | 9900 | €16,764 | €31,718 | +€14,954 | +89.2% |
| Operating profit (loss) | 9901 | -€23,675 | €6,367 | +€30,042 | |
| Financial income | 75/76B | €250 | €59 | -€191 | -76.4% |
| Recurring financial income | 75 | €250 | €59 | -€191 | -76.4% |
| Financial charges | 65/66B | €645 | €505 | -€140 | -21.8% |
| Recurring financial charges | 65 | €645 | €505 | -€140 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,071 | €5,921 | +€29,992 | |
| Income taxes | 67/77 | €75 | €1,330 | +€1,255 | +1676.6% |
| Profit (loss) for the period | 9904 | -€24,146 | €4,591 | +€28,737 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,146 | €4,591 | +€28,737 |
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 8 October 2026 via checked.be.