AD PUNCTUM: 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 PUNCTUM
Largest movements
- Current investments +€48,000
new in 2025: €48,000
- Tangible fixed assets -€9,883
down €9,883 (-43.2%), from €22,893 to €13,010
- Cash +€5,379
up €5,379 (+5.1%), from €106,039 to €111,418
mainly Net result for the year (+€60,643) and Depreciation (+€9,883)
- Reserves +€60,643
up €60,643 (+65.2%), from €93,080 to €153,723
- Tax, wage and social debts -€17,082
down €17,082 (-68.2%), from €25,063 to €7,980
- Gross operating margin -€5,422
down €5,422 (-5.5%), from €98,736 to €93,314
- Taxes -€1,311
down €1,311 (-5.3%), from €24,565 to €23,254
- Financial income +€1,152
new in 2025: €1,152
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 | €144,408 | €187,146 | +€42,738 | +29.6% |
| Fixed assets | 21/28 | €22,893 | €13,010 | -€9,883 | -43.2% |
| Tangible fixed assets | 22/27 | €22,893 | €13,010 | -€9,883 | -43.2% |
| Furniture and vehicles | 24 | €22,893 | €13,010 | -€9,883 | -43.2% |
| Current assets | 29/58 | €121,515 | €174,136 | +€52,621 | +43.3% |
| Amounts receivable within one year | 40/41 | €15,053 | €14,083 | -€970 | -6.4% |
| Trade receivables | 40 | €14,205 | €13,953 | -€252 | -1.8% |
| Other amounts receivable | 41 | €848 | €130 | -€718 | -84.7% |
| Current investments | 50/53 | - | €48,000 | +€48,000 | |
| Cash at bank and in hand | 54/58 | €106,039 | €111,418 | +€5,379 | +5.1% |
| Deferred charges and accrued income | 490/1 | €423 | €635 | +€213 | +50.3% |
| Total equity and liabilities | 10/49 | €144,408 | €187,146 | +€42,738 | +29.6% |
| Equity | 10/15 | €103,080 | €163,723 | +€60,643 | +58.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €93,080 | €153,723 | +€60,643 | +65.2% |
| Distributable reserves | 133 | €93,080 | €153,723 | +€60,643 | +65.2% |
| Amounts payable | 17/49 | €41,328 | €23,423 | -€17,905 | -43.3% |
| Amounts payable within one year | 42/48 | €40,215 | €23,423 | -€16,791 | -41.8% |
| Trade debts | 44 | €535 | €2,402 | +€1,867 | +348.9% |
| Suppliers | 440/4 | €535 | €2,402 | +€1,867 | +348.9% |
| Taxes, remuneration and social security | 45 | €25,063 | €7,980 | -€17,082 | -68.2% |
| Taxes | 450/3 | €25,063 | €7,980 | -€17,082 | -68.2% |
| Other amounts payable | 47/48 | €14,617 | €13,041 | -€1,576 | -10.8% |
| Accrued charges and deferred income | 492/3 | €1,113 | - | -€1,113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,769 | €9,883 | +€114 | +1.2% |
| Gross operating margin | 9900 | €98,736 | €93,314 | -€5,422 | -5.5% |
| Operating profit (loss) | 9901 | €88,967 | €83,431 | -€5,537 | -6.2% |
| Financial income | 75/76B | - | €1,152 | +€1,152 | |
| Recurring financial income | 75 | - | €1,152 | +€1,152 | |
| Financial charges | 65/66B | €1,411 | €685 | -€725 | -51.4% |
| Recurring financial charges | 65 | €1,411 | €685 | -€725 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €87,557 | €83,897 | -€3,660 | -4.2% |
| Income taxes | 67/77 | €24,565 | €23,254 | -€1,311 | -5.3% |
| Profit (loss) for the period | 9904 | €62,991 | €60,643 | -€2,349 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,991 | €60,643 | -€2,349 | -3.7% |
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 11 October 2026 via checked.be.