AD PRESSE: 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 PRESSE
Largest movements
- Receivables within one year +€11,603
up €11,603 (+109%), from €10,651 to €22,253
of which Other amounts receivable: +€11,603
- Cash -€10,214
down €10,214 (-62.6%), from €16,320 to €6,105
mainly Net result for the year (-€68,790) and Tax, wage and social debts (-€18,164)
- Stocks and contracts -€4,840
down €4,840 (-8.0%), from €60,496 to €55,656
- Trade debts +€86,363
up €86,363 (+57.1%), from €151,310 to €237,672
- Profit (loss) carried forward -€68,790
down €68,790 (-69.2%), from -€99,431 to -€168,221
- Tax, wage and social debts -€18,164
down €18,164 (-85.8%), from €21,180 to €3,016
of which Remuneration and social security: -€16,642
- Debts after one year -€3,471
down €3,471 (-59.6%), from €5,826 to €2,355
- Depreciation -€14,388
down €14,388 (-100%), from €14,388 to €0
- Staff costs -€11,908
down €11,908 (-10.5%), from €113,027 to €101,119
- Gross operating margin -€11,376
down €11,376 (-20.6%), from €55,129 to €43,753
- Financial charges -€1,237
down €1,237 (-12.6%), from €9,847 to €8,610
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 | €118,736 | €115,285 | -€3,451 | -2.9% |
| Fixed assets | 21/28 | €31,270 | €31,270 | = | 0.0% |
| Intangible fixed assets | 21 | €21,467 | €21,467 | = | 0.0% |
| Tangible fixed assets | 22/27 | €7,750 | €7,750 | = | 0.0% |
| Plant, machinery and equipment | 23 | €698 | €698 | = | 0.0% |
| Furniture and vehicles | 24 | €7,051 | €7,051 | = | 0.0% |
| Financial fixed assets | 28 | €2,054 | €2,054 | = | 0.0% |
| Current assets | 29/58 | €87,466 | €84,015 | -€3,451 | -3.9% |
| Stocks and contracts in progress | 3 | €60,496 | €55,656 | -€4,840 | -8.0% |
| Stocks | 30/36 | €60,496 | €55,656 | -€4,840 | -8.0% |
| Amounts receivable within one year | 40/41 | €10,651 | €22,253 | +€11,603 | +109% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €10,651 | €22,253 | +€11,603 | +109% |
| Cash at bank and in hand | 54/58 | €16,320 | €6,105 | -€10,214 | -62.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €118,736 | €115,285 | -€3,451 | -2.9% |
| Equity | 10/15 | -€62,821 | -€131,611 | -€68,790 | -110% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,010 | €18,010 | = | 0.0% |
| Non-distributable reserves | 130/1 | €98 | €98 | = | 0.0% |
| Reserves not available under the articles | 1311 | €98 | €98 | = | 0.0% |
| Distributable reserves | 133 | €17,912 | €17,912 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,431 | -€168,221 | -€68,790 | -69.2% |
| Amounts payable | 17/49 | €181,557 | €246,896 | +€65,339 | +36.0% |
| Amounts payable after more than one year | 17 | €5,826 | €2,355 | -€3,471 | -59.6% |
| Financial debts | 170/4 | €5,826 | €2,355 | -€3,471 | -59.6% |
| Amounts payable within one year | 42/48 | €175,731 | €244,127 | +€68,396 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €3,241 | €3,438 | +€197 | +6.1% |
| Trade debts | 44 | €151,310 | €237,672 | +€86,363 | +57.1% |
| Suppliers | 440/4 | €151,310 | €237,672 | +€86,363 | +57.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €21,180 | €3,016 | -€18,164 | -85.8% |
| Taxes | 450/3 | €1,771 | €249 | -€1,522 | -85.9% |
| Remuneration and social security | 454/9 | €19,409 | €2,766 | -€16,642 | -85.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €415 | +€415 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €113,027 | €101,119 | -€11,908 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,388 | €0 | -€14,388 | -100% |
| Other operating charges | 640/8 | €2,305 | €2,366 | +€61 | +2.7% |
| Non-recurring operating charges | 66A | €282 | €460 | +€177 | +62.8% |
| Gross operating margin | 9900 | €55,129 | €43,753 | -€11,376 | -20.6% |
| Operating profit (loss) | 9901 | -€74,874 | -€60,192 | +€14,682 | +19.6% |
| Financial income | 75/76B | €0 | €11 | +€11 | +4,479% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +4,479% |
| Financial charges | 65/66B | €9,847 | €8,610 | -€1,237 | -12.6% |
| Recurring financial charges | 65 | €9,847 | €8,610 | -€1,237 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€84,720 | -€68,790 | +€15,930 | +18.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€84,720 | -€68,790 | +€15,930 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,720 | -€68,790 | +€15,930 | +18.8% |
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 27 October 2026 via checked.be.