AD PESAGE: what changed
What changed
AD PESAGE
NACE 71.209, Other technical testing and analysis
filed annual accounts (NBB)
Net result for the year
€4,356
2024 · €12,863-€8,507
Equity
€20,219
2024 · €15,863+€4,356
Cash
€2,791
2024 · €2,095+€696
Balance sheet total
€165,617
2024 · €133,743+€31,874
Largest movements
Assets
- Tangible fixed assets +€25,366
up €25,366 (+125%), from €20,228 to €45,593
of which Other tangible fixed assets: +€29,215
- Receivables within one year +€17,082
new in 2025: €17,082
of which Trade receivables: +€13,030
- Intangible fixed assets -€12,259
down €12,259 (-11.2%), from €109,782 to €97,523
Equity and liabilities
- Debts after one year +€36,342
new in 2025: €36,342
- Other debts -€18,726
down €18,726 (-17.6%), from €106,500 to €87,774
- Current portion of long-term debt +€9,223
new in 2025: €9,223
- Profit (loss) carried forward +€4,356
up €4,356 (+33.9%), from €12,863 to €17,219
- Trade debts +€2,819
up €2,819 (+83.6%), from €3,370 to €6,189
Income statement
- Gross operating margin +€45,289
up €45,289 (+217%), from €20,900 to €66,188
- Staff costs +€33,004
new in 2025: €33,004
- Depreciation +€14,829
up €14,829 (+300%), from €4,942 to €19,770
- Financial charges +€4,276
up €4,276 (+47,887%), from €9 to €4,285
- Write-downs +€1,882
new in 2025: €1,882
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€12,863
Gross operating margin
+€45,289
Staff costs
-€33,004
Depreciation
-€14,829
Write-downs
-€1,882
Other operating charges
-€1,289
Financial income
+€33
Financial charges
-€4,276
Taxes
+€1,452
Result 2025
€4,356
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€11,782
Investment
-€33,087
Financing
+€45,565
Cash 2024
€2,095
From operations (derived)
-€11,782
Net result for the year
+€4,356
Depreciation
+€19,770
Receivables within one year
-€17,082
Deferred charges and accrued income
-€779
Trade debts
+€2,819
Tax, wage and social debts
-€2,141
Other debts
-€18,726
Investment (derived)
-€33,087
Investment in fixed assets (net)
-€33,087
Financing
+€45,565
Debts after one year
+€36,342
Current portion of long-term debt
+€9,223
Cash 2025
€2,791
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,743 | €165,617 | +€31,874 | +23.8% |
| Fixed assets | 21/28 | €130,010 | €143,326 | +€13,317 | +10.2% |
| Intangible fixed assets | 21 | €109,782 | €97,523 | -€12,259 | -11.2% |
| Tangible fixed assets | 22/27 | €20,228 | €45,593 | +€25,366 | +125% |
| Plant, machinery and equipment | 23 | €18,814 | €15,462 | -€3,352 | -17.8% |
| Furniture and vehicles | 24 | €1,414 | €917 | -€497 | -35.2% |
| Other tangible fixed assets | 26 | - | €29,215 | +€29,215 | |
| Financial fixed assets | 28 | - | €210 | +€210 | |
| Current assets | 29/58 | €3,733 | €22,290 | +€18,557 | +497% |
| Amounts receivable within one year | 40/41 | - | €17,082 | +€17,082 | |
| Trade receivables | 40 | - | €13,030 | +€13,030 | |
| Other amounts receivable | 41 | - | €4,052 | +€4,052 | |
| Cash at bank and in hand | 54/58 | €2,095 | €2,791 | +€696 | +33.2% |
| Deferred charges and accrued income | 490/1 | €1,639 | €2,418 | +€779 | +47.5% |
| Total equity and liabilities | 10/49 | €133,743 | €165,617 | +€31,874 | +23.8% |
| Equity | 10/15 | €15,863 | €20,219 | +€4,356 | +27.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,863 | €17,219 | +€4,356 | +33.9% |
| Amounts payable | 17/49 | €117,880 | €145,398 | +€27,517 | +23.3% |
| Amounts payable after more than one year | 17 | - | €36,342 | +€36,342 | |
| Financial debts | 170/4 | - | €36,342 | +€36,342 | |
| Amounts payable within one year | 42/48 | €117,880 | €109,056 | -€8,825 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,223 | +€9,223 | |
| Trade debts | 44 | €3,370 | €6,189 | +€2,819 | +83.6% |
| Suppliers | 440/4 | €3,370 | €6,189 | +€2,819 | +83.6% |
| Taxes, remuneration and social security | 45 | €8,010 | €5,869 | -€2,141 | -26.7% |
| Taxes | 450/3 | €8,010 | €5,123 | -€2,887 | -36.0% |
| Remuneration and social security | 454/9 | - | €746 | +€746 | |
| Other amounts payable | 47/48 | €106,500 | €87,774 | -€18,726 | -17.6% |
| Non-recurring operating income | 76A | €6,997 | €450 | -€6,547 | -93.6% |
| Remuneration, social security and pensions | 62 | - | €33,004 | +€33,004 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,942 | €19,770 | +€14,829 | +300% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,882 | +€1,882 | |
| Other operating charges | 640/8 | €387 | €1,676 | +€1,289 | +333% |
| Gross operating margin | 9900 | €20,900 | €66,188 | +€45,289 | +217% |
| Operating profit (loss) | 9901 | €15,571 | €9,856 | -€5,714 | -36.7% |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €9 | €4,285 | +€4,276 | +47,887% |
| Recurring financial charges | 65 | €9 | €4,285 | +€4,276 | +47,887% |
| Profit (loss) for the period before taxes | 9903 | €15,562 | €5,604 | -€9,958 | -64.0% |
| Income taxes | 67/77 | €2,699 | €1,247 | -€1,452 | -53.8% |
| Profit (loss) for the period | 9904 | €12,863 | €4,356 | -€8,507 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,863 | €4,356 | -€8,507 | -66.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.