AD REASONANCE: what changed
Two fiscal 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 REASONANCE
Largest movements
- Tangible fixed assets -€15,850
down €15,850 (-41.2%), from €38,447 to €22,597
of which Furniture and vehicles: -€17,990
- Cash +€8,560
up €8,560 (+3.3%), from €257,724 to €266,284
mainly Net result for the year (+€20,608) and Depreciation (+€20,030)
- Receivables within one year +€4,423
up €4,423 (+24.8%), from €17,868 to €22,291
of which Other amounts receivable: +€2,365
- Reserves -€14,392
down €14,392 (-8.9%), from €161,880 to €147,489
- Other debts +€7,504
up €7,504 (+140.5%), from €5,342 to €12,846
- Tax, wage and social debts +€4,007
up €4,007 (+183.5%), from €2,184 to €6,190
- Gross operating margin -€9,458
down €9,458 (-15.1%), from €62,781 to €53,322
- Taxes +€4,888
up €4,888 (+80.3%), from €6,084 to €10,972
- Depreciation -€3,281
down €3,281 (-14.1%), from €23,311 to €20,030
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 | €322,436 | €318,762 | -€3,675 | -1.1% |
| Fixed assets | 21/28 | €38,447 | €22,597 | -€15,850 | -41.2% |
| Tangible fixed assets | 22/27 | €38,447 | €22,597 | -€15,850 | -41.2% |
| Plant, machinery and equipment | 23 | €2,361 | €4,501 | +€2,140 | +90.6% |
| Furniture and vehicles | 24 | €36,086 | €18,096 | -€17,990 | -49.9% |
| Current assets | 29/58 | €283,989 | €296,165 | +€12,176 | +4.3% |
| Amounts receivable within one year | 40/41 | €17,868 | €22,291 | +€4,423 | +24.8% |
| Trade receivables | 40 | €17,216 | €19,275 | +€2,059 | +12.0% |
| Other amounts receivable | 41 | €652 | €3,016 | +€2,365 | +362.9% |
| Cash at bank and in hand | 54/58 | €257,724 | €266,284 | +€8,560 | +3.3% |
| Deferred charges and accrued income | 490/1 | €8,398 | €7,590 | -€808 | -9.6% |
| Total equity and liabilities | 10/49 | €322,436 | €318,762 | -€3,675 | -1.1% |
| Equity | 10/15 | €308,643 | €294,251 | -€14,392 | -4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €161,880 | €147,489 | -€14,392 | -8.9% |
| Distributable reserves | 133 | €161,880 | €147,489 | -€14,392 | -8.9% |
| Profit (loss) carried forward | 14 | €140,563 | €140,563 | = | 0.0% |
| Amounts payable | 17/49 | €13,793 | €24,511 | +€10,717 | +77.7% |
| Amounts payable within one year | 42/48 | €13,400 | €24,511 | +€11,110 | +82.9% |
| Trade debts | 44 | €5,875 | €5,475 | -€401 | -6.8% |
| Suppliers | 440/4 | €5,875 | €5,475 | -€401 | -6.8% |
| Taxes, remuneration and social security | 45 | €2,184 | €6,190 | +€4,007 | +183.5% |
| Taxes | 450/3 | €2,184 | €6,190 | +€4,007 | +183.5% |
| Other amounts payable | 47/48 | €5,342 | €12,846 | +€7,504 | +140.5% |
| Accrued charges and deferred income | 492/3 | €393 | - | -€393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,311 | €20,030 | -€3,281 | -14.1% |
| Other operating charges | 640/8 | €3,382 | €3,218 | -€165 | -4.9% |
| Gross operating margin | 9900 | €62,781 | €53,322 | -€9,458 | -15.1% |
| Operating profit (loss) | 9901 | €36,087 | €30,075 | -€6,012 | -16.7% |
| Financial income | 75/76B | €2,000 | €1,966 | -€34 | -1.7% |
| Recurring financial income | 75 | €2,000 | €1,966 | -€34 | -1.7% |
| Financial charges | 65/66B | €494 | €461 | -€33 | -6.7% |
| Recurring financial charges | 65 | €494 | €461 | -€33 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €37,593 | €31,580 | -€6,013 | -16.0% |
| Income taxes | 67/77 | €6,084 | €10,972 | +€4,888 | +80.3% |
| Profit (loss) for the period | 9904 | €31,509 | €20,608 | -€10,901 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,509 | €20,608 | -€10,901 | -34.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.