AD PERFECT: 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 PERFECT
Largest movements
- Cash +€74,547
up €74,547 (+128%), from €58,418 to €132,965
mainly Receivables within one year (+€72,959) and Depreciation (+€12,496)
- Receivables within one year -€72,959
down €72,959 (-74.2%), from €98,289 to €25,330
of which Trade receivables: -€73,378
- Tangible fixed assets -€12,496
down €12,496 (-25.1%), from €49,746 to €37,250
of which Furniture and vehicles: -€11,626
- Debts after one year -€9,912
down €9,912 (-28.8%), from €34,448 to €24,537
- Tax, wage and social debts -€5,505
down €5,505 (-43.6%), from €12,641 to €7,136
of which Remuneration and social security: -€3,184
- Profit (loss) carried forward +€3,068
up €3,068 (+2.1%), from €146,021 to €149,089
- Gross operating margin -€9,897
down €9,897 (-34.8%), from €28,455 to €18,558
- Taxes -€2,624
down €2,624 (-70.9%), from €3,698 to €1,075
- Depreciation +€2,612
up €2,612 (+26.4%), from €9,884 to €12,496
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 | €212,498 | €201,229 | -€11,269 | -5.3% |
| Fixed assets | 21/28 | €50,019 | €37,522 | -€12,496 | -25.0% |
| Tangible fixed assets | 22/27 | €49,746 | €37,250 | -€12,496 | -25.1% |
| Plant, machinery and equipment | 23 | €1,316 | €445 | -€871 | -66.2% |
| Furniture and vehicles | 24 | €48,430 | €36,805 | -€11,626 | -24.0% |
| Financial fixed assets | 28 | €272 | €272 | = | 0.0% |
| Current assets | 29/58 | €162,480 | €163,707 | +€1,227 | +0.8% |
| Amounts receivable within one year | 40/41 | €98,289 | €25,330 | -€72,959 | -74.2% |
| Trade receivables | 40 | €94,563 | €21,184 | -€73,378 | -77.6% |
| Other amounts receivable | 41 | €3,726 | €4,145 | +€419 | +11.2% |
| Cash at bank and in hand | 54/58 | €58,418 | €132,965 | +€74,547 | +128% |
| Deferred charges and accrued income | 490/1 | €5,773 | €5,413 | -€360 | -6.2% |
| Total equity and liabilities | 10/49 | €212,498 | €201,229 | -€11,269 | -5.3% |
| Equity | 10/15 | €151,021 | €154,089 | +€3,068 | +2.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,021 | €149,089 | +€3,068 | +2.1% |
| Amounts payable | 17/49 | €61,478 | €47,141 | -€14,337 | -23.3% |
| Amounts payable after more than one year | 17 | €34,448 | €24,537 | -€9,912 | -28.8% |
| Financial debts | 170/4 | €34,448 | €24,537 | -€9,912 | -28.8% |
| Amounts payable within one year | 42/48 | €27,029 | €22,604 | -€4,426 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €10,481 | €9,912 | -€570 | -5.4% |
| Trade debts | 44 | €3,907 | €5,531 | +€1,624 | +41.6% |
| Suppliers | 440/4 | €3,907 | €5,531 | +€1,624 | +41.6% |
| Taxes, remuneration and social security | 45 | €12,641 | €7,136 | -€5,505 | -43.6% |
| Taxes | 450/3 | €3,957 | €1,636 | -€2,321 | -58.7% |
| Remuneration and social security | 454/9 | €8,684 | €5,500 | -€3,184 | -36.7% |
| Other amounts payable | 47/48 | - | €26 | +€26 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,884 | €12,496 | +€2,612 | +26.4% |
| Other operating charges | 640/8 | €301 | €449 | +€148 | +49.0% |
| Gross operating margin | 9900 | €28,455 | €18,558 | -€9,897 | -34.8% |
| Operating profit (loss) | 9901 | €18,270 | €5,613 | -€12,657 | -69.3% |
| Financial income | 75/76B | €8 | €6 | -€1 | -19.5% |
| Recurring financial income | 75 | €8 | €6 | -€1 | -19.5% |
| Financial charges | 65/66B | €1,314 | €1,477 | +€163 | +12.4% |
| Recurring financial charges | 65 | €1,314 | €1,477 | +€163 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €16,964 | €4,143 | -€12,822 | -75.6% |
| Income taxes | 67/77 | €3,698 | €1,075 | -€2,624 | -70.9% |
| Profit (loss) for the period | 9904 | €13,266 | €3,068 | -€10,198 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,266 | €3,068 | -€10,198 | -76.9% |
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 16 October 2026 via checked.be.