AD PEDIATRICS: 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 PEDIATRICS
Largest movements
- Receivables within one year -€52,021
no longer reported in 2025 (was €52,021)
- Tangible fixed assets -€24,636
down €24,636 (-9.5%), from €259,926 to €235,289
of which Land and buildings: -€21,186
- Cash -€7,577
down €7,577 (-51.0%), from €14,858 to €7,281
mainly Contributions, distributions and other (-€93,823) and Debts after one year (-€50,347)
- Debts after one year -€50,347
down €50,347 (-39.0%), from €129,008 to €78,661
- Reserves -€48,128
down €48,128 (-34.9%), from €137,817 to €89,689
of which Distributable reserves: -€48,128
- Other debts +€43,068
new in 2025: €43,068
- Trade debts -€40,378
down €40,378 (-93.9%), from €42,986 to €2,608
- Tax, wage and social debts +€10,233
up €10,233 (+108%), from €9,470 to €19,704
- Other operating charges -€5,484
down €5,484 (-54.0%), from €10,153 to €4,669
- Financial charges +€3,812
up €3,812 (+70.2%), from €5,429 to €9,241
- Gross operating margin +€3,762
up €3,762 (+3.5%), from €108,029 to €111,792
- Taxes +€2,376
up €2,376 (+12.7%), from €18,732 to €21,108
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 | €390,277 | €308,783 | -€81,495 | -20.9% |
| Fixed assets | 21/28 | €259,996 | €235,359 | -€24,636 | -9.5% |
| Tangible fixed assets | 22/27 | €259,926 | €235,289 | -€24,636 | -9.5% |
| Land and buildings | 22 | €251,072 | €229,886 | -€21,186 | -8.4% |
| Furniture and vehicles | 24 | €7,154 | €3,703 | -€3,451 | -48.2% |
| Other tangible fixed assets | 26 | €1,700 | €1,700 | = | 0.0% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €130,282 | €73,424 | -€56,858 | -43.6% |
| Amounts receivable within one year | 40/41 | €52,021 | - | -€52,021 | |
| Other amounts receivable | 41 | €52,021 | - | -€52,021 | |
| Cash at bank and in hand | 54/58 | €14,858 | €7,281 | -€7,577 | -51.0% |
| Deferred charges and accrued income | 490/1 | €63,402 | €66,142 | +€2,740 | +4.3% |
| Total equity and liabilities | 10/49 | €390,277 | €308,783 | -€81,495 | -20.9% |
| Equity | 10/15 | €150,217 | €102,089 | -€48,128 | -32.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €137,817 | €89,689 | -€48,128 | -34.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €135,957 | €87,829 | -€48,128 | -35.4% |
| Amounts payable | 17/49 | €240,061 | €206,694 | -€33,367 | -13.9% |
| Amounts payable after more than one year | 17 | €129,008 | €78,661 | -€50,347 | -39.0% |
| Financial debts | 170/4 | €129,008 | €78,661 | -€50,347 | -39.0% |
| Amounts payable within one year | 42/48 | €111,053 | €128,033 | +€16,980 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €58,596 | €62,653 | +€4,056 | +6.9% |
| Trade debts | 44 | €42,986 | €2,608 | -€40,378 | -93.9% |
| Suppliers | 440/4 | €42,986 | €2,608 | -€40,378 | -93.9% |
| Taxes, remuneration and social security | 45 | €9,470 | €19,704 | +€10,233 | +108% |
| Taxes | 450/3 | €9,470 | €19,704 | +€10,233 | +108% |
| Other amounts payable | 47/48 | - | €43,068 | +€43,068 | |
| Non-recurring operating income | 76A | €13,603 | - | -€13,603 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,019 | €31,078 | +€59 | +0.2% |
| Other operating charges | 640/8 | €10,153 | €4,669 | -€5,484 | -54.0% |
| Non-recurring operating charges | 66A | €563 | €0 | -€563 | -100.0% |
| Gross operating margin | 9900 | €108,029 | €111,792 | +€3,762 | +3.5% |
| Operating profit (loss) | 9901 | €66,294 | €76,044 | +€9,750 | +14.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5,429 | €9,241 | +€3,812 | +70.2% |
| Recurring financial charges | 65 | €5,429 | €9,241 | +€3,812 | +70.2% |
| Profit (loss) for the period before taxes | 9903 | €60,865 | €66,804 | +€5,938 | +9.8% |
| Income taxes | 67/77 | €18,732 | €21,108 | +€2,376 | +12.7% |
| Profit (loss) for the period | 9904 | €42,134 | €45,695 | +€3,562 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,134 | €45,695 | +€3,562 | +8.5% |
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 17 October 2026 via checked.be.