AD PARTNERS: 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 PARTNERS
Largest movements
- Receivables within one year +€8,215
up €8,215 (+42.3%), from €19,433 to €27,649
of which Trade receivables: +€6,215
- Cash -€1,627
down €1,627 (-28.9%), from €5,634 to €4,006
mainly Receivables within one year (-€8,215) and Net result for the year (-€7,470)
- Accrued charges and deferred income +€19,646
up €19,646 (+373.4%), from €5,261 to €24,907
- Profit (loss) carried forward -€7,470
down €7,470, from €6,394 to -€1,076
- Tax, wage and social debts -€4,915
down €4,915 (-49.1%), from €10,021 to €5,105
of which Remuneration and social security: -€5,575
- Trade debts -€672
down €672 (-66.5%), from €1,012 to €339
- Gross operating margin -€20,568
down €20,568, from €14,723 to -€5,845
- Taxes -€1,662
down €1,662 (-72.3%), from €2,300 to €638
- Other operating charges -€390
down €390 (-100.0%), from €390 to €0
- Staff costs +€345
new in 2025: €345
- Depreciation -€315
down €315 (-100.0%), from €315 to €0
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 | €25,187 | €31,775 | +€6,588 | +26.2% |
| Fixed assets | 21/28 | €120 | €120 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €25,067 | €31,655 | +€6,588 | +26.3% |
| Amounts receivable within one year | 40/41 | €19,433 | €27,649 | +€8,215 | +42.3% |
| Trade receivables | 40 | €19,433 | €25,649 | +€6,215 | +32.0% |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €5,634 | €4,006 | -€1,627 | -28.9% |
| Total equity and liabilities | 10/49 | €25,187 | €31,775 | +€6,588 | +26.2% |
| Equity | 10/15 | €8,894 | €1,424 | -€7,470 | -84.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,394 | -€1,076 | -€7,470 | |
| Amounts payable | 17/49 | €16,293 | €30,351 | +€14,058 | +86.3% |
| Amounts payable within one year | 42/48 | €11,032 | €5,445 | -€5,588 | -50.6% |
| Trade debts | 44 | €1,012 | €339 | -€672 | -66.5% |
| Suppliers | 440/4 | €1,012 | €339 | -€672 | -66.5% |
| Taxes, remuneration and social security | 45 | €10,021 | €5,105 | -€4,915 | -49.1% |
| Taxes | 450/3 | €4,445 | €5,105 | +€660 | +14.8% |
| Remuneration and social security | 454/9 | €5,575 | €0 | -€5,575 | -100.0% |
| Accrued charges and deferred income | 492/3 | €5,261 | €24,907 | +€19,646 | +373.4% |
| Remuneration, social security and pensions | 62 | - | €345 | +€345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315 | €0 | -€315 | -100.0% |
| Other operating charges | 640/8 | €390 | €0 | -€390 | -100.0% |
| Gross operating margin | 9900 | €14,723 | -€5,845 | -€20,568 | |
| Operating profit (loss) | 9901 | €14,018 | -€6,189 | -€20,207 | |
| Financial charges | 65/66B | €929 | €643 | -€286 | -30.8% |
| Recurring financial charges | 65 | €929 | €643 | -€286 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €13,089 | -€6,832 | -€19,921 | |
| Income taxes | 67/77 | €2,300 | €638 | -€1,662 | -72.3% |
| Profit (loss) for the period | 9904 | €10,789 | -€7,470 | -€18,259 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,789 | -€7,470 | -€18,259 |
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 11 October 2026 via checked.be.