AD-Sign: 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-Sign
Largest movements
- Tangible fixed assets -€2,484
down €2,484 (-23.8%), from €10,437 to €7,953
of which Plant, machinery and equipment: -€2,427
- Cash -€2,148
down €2,148 (-84.6%), from €2,539 to €391
mainly Net result for the year (-€8,383) and Trade debts (-€240)
- Receivables within one year +€204
new in 2025: €204
- Profit (loss) carried forward -€8,383
down €8,383 (-17.0%), from -€49,354 to -€57,737
- Other debts +€4,400
up €4,400 (+11.6%), from €38,034 to €42,434
- Trade debts -€240
no longer reported in 2025 (was €240)
- Tax, wage and social debts -€205
no longer reported in 2025 (was €205)
- Gross operating margin +€1,084
up €1,084 (+16.6%), from -€6,511 to -€5,427
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 | €17,726 | €13,297 | -€4,429 | -25.0% |
| Fixed assets | 21/28 | €10,437 | €7,953 | -€2,484 | -23.8% |
| Tangible fixed assets | 22/27 | €10,437 | €7,953 | -€2,484 | -23.8% |
| Plant, machinery and equipment | 23 | €10,369 | €7,942 | -€2,427 | -23.4% |
| Furniture and vehicles | 24 | €68 | €11 | -€57 | -83.7% |
| Current assets | 29/58 | €7,288 | €5,344 | -€1,944 | -26.7% |
| Stocks and contracts in progress | 3 | €4,749 | €4,749 | = | 0.0% |
| Stocks | 30/36 | €4,749 | €4,749 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €204 | +€204 | |
| Other amounts receivable | 41 | - | €204 | +€204 | |
| Cash at bank and in hand | 54/58 | €2,539 | €391 | -€2,148 | -84.6% |
| Total equity and liabilities | 10/49 | €17,726 | €13,297 | -€4,429 | -25.0% |
| Equity | 10/15 | -€20,754 | -€29,137 | -€8,383 | -40.4% |
| Contributions | 10/11 | €28,600 | €28,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,354 | -€57,737 | -€8,383 | -17.0% |
| Amounts payable | 17/49 | €38,480 | €42,434 | +€3,955 | +10.3% |
| Amounts payable within one year | 42/48 | €38,480 | €42,434 | +€3,955 | +10.3% |
| Trade debts | 44 | €240 | - | -€240 | |
| Suppliers | 440/4 | €240 | - | -€240 | |
| Taxes, remuneration and social security | 45 | €205 | - | -€205 | |
| Taxes | 450/3 | €205 | - | -€205 | |
| Other amounts payable | 47/48 | €38,034 | €42,434 | +€4,400 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,484 | €2,484 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€6,511 | -€5,427 | +€1,084 | +16.6% |
| Operating profit (loss) | 9901 | -€9,382 | -€8,311 | +€1,071 | +11.4% |
| Financial charges | 65/66B | €24 | €72 | +€48 | +201% |
| Recurring financial charges | 65 | €24 | €72 | +€48 | +201% |
| Profit (loss) for the period before taxes | 9903 | -€9,406 | -€8,383 | +€1,023 | +10.9% |
| Profit (loss) for the period | 9904 | -€9,406 | -€8,383 | +€1,023 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,406 | -€8,383 | +€1,023 | +10.9% |
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 25 October 2026 via checked.be.