AD Solutions: 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 Solutions
Largest movements
- Cash -€60,137
down €60,137 (-12.6%), from €477,536 to €417,399
mainly Contributions, distributions and other (-€69,146) and Investment in fixed assets (net) (-€44,250)
- Receivables within one year +€37,057
up €37,057 (+33.6%), from €110,278 to €147,335
of which Trade receivables: +€22,611
- Tangible fixed assets +€34,418
up €34,418 (+302.4%), from €11,380 to €45,798
of which Furniture and vehicles: +€34,774
- Debts after one year +€24,942
new in 2025: €24,942
- Tax, wage and social debts -€11,085
no longer reported in 2025 (was €11,085)
- Other debts -€6,459
down €6,459 (-93.5%), from €6,909 to €450
- Current portion of long-term debt +€6,411
new in 2025: €6,411
- Gross operating margin +€38,051
up €38,051 (+46.9%), from €81,070 to €119,121
- Taxes +€20,980
up €20,980 (+116.6%), from €17,998 to €38,978
- Depreciation -€10,116
down €10,116 (-50.7%), from €19,948 to €9,832
- Financial charges +€7,364
up €7,364 (+823.1%), from €895 to €8,259
of which Non-recurring financial charges: +€4,113
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 | €613,732 | €623,155 | +€9,423 | +1.5% |
| Fixed assets | 21/28 | €11,380 | €45,798 | +€34,418 | +302.4% |
| Tangible fixed assets | 22/27 | €11,380 | €45,798 | +€34,418 | +302.4% |
| Plant, machinery and equipment | 23 | €356 | - | -€356 | |
| Furniture and vehicles | 24 | €11,024 | €45,798 | +€34,774 | +315.4% |
| Current assets | 29/58 | €602,352 | €577,357 | -€24,995 | -4.1% |
| Stocks and contracts in progress | 3 | €6,016 | €6,016 | = | 0.0% |
| Stocks | 30/36 | €6,016 | €6,016 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €110,278 | €147,335 | +€37,057 | +33.6% |
| Trade receivables | 40 | €69,619 | €92,230 | +€22,611 | +32.5% |
| Other amounts receivable | 41 | €40,659 | €55,105 | +€14,446 | +35.5% |
| Cash at bank and in hand | 54/58 | €477,536 | €417,399 | -€60,137 | -12.6% |
| Deferred charges and accrued income | 490/1 | €8,521 | €6,607 | -€1,914 | -22.5% |
| Total equity and liabilities | 10/49 | €613,732 | €623,155 | +€9,423 | +1.5% |
| Equity | 10/15 | €595,019 | €590,982 | -€4,037 | -0.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €575,019 | €570,982 | -€4,037 | -0.7% |
| Tax-exempt reserves | 132 | €4,557 | €4,557 | = | 0.0% |
| Distributable reserves | 133 | €570,463 | €566,426 | -€4,037 | -0.7% |
| Amounts payable | 17/49 | €18,713 | €32,173 | +€13,460 | +71.9% |
| Amounts payable after more than one year | 17 | - | €24,942 | +€24,942 | |
| Financial debts | 170/4 | - | €24,942 | +€24,942 | |
| Amounts payable within one year | 42/48 | €18,713 | €7,231 | -€11,482 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,411 | +€6,411 | |
| Trade debts | 44 | €719 | €371 | -€348 | -48.4% |
| Suppliers | 440/4 | €719 | €371 | -€348 | -48.4% |
| Taxes, remuneration and social security | 45 | €11,085 | - | -€11,085 | |
| Taxes | 450/3 | €11,085 | - | -€11,085 | |
| Other amounts payable | 47/48 | €6,909 | €450 | -€6,459 | -93.5% |
| Non-recurring operating income | 76A | - | €12,785 | +€12,785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,948 | €9,832 | -€10,116 | -50.7% |
| Other operating charges | 640/8 | €1,590 | €1,556 | -€34 | -2.1% |
| Non-recurring operating charges | 66A | €142 | - | -€142 | |
| Gross operating margin | 9900 | €81,070 | €119,121 | +€38,051 | +46.9% |
| Operating profit (loss) | 9901 | €59,390 | €107,733 | +€48,342 | +81.4% |
| Financial income | 75/76B | €4,475 | €4,613 | +€138 | +3.1% |
| Recurring financial income | 75 | €4,475 | €4,613 | +€138 | +3.1% |
| Financial charges | 65/66B | €895 | €8,259 | +€7,364 | +823.1% |
| Recurring financial charges | 65 | €895 | €4,147 | +€3,252 | +363.5% |
| Non-recurring financial charges | 66B | - | €4,113 | +€4,113 | |
| Profit (loss) for the period before taxes | 9903 | €62,971 | €104,087 | +€41,116 | +65.3% |
| Income taxes | 67/77 | €17,998 | €38,978 | +€20,980 | +116.6% |
| Profit (loss) for the period | 9904 | €44,973 | €65,109 | +€20,136 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,973 | €65,109 | +€20,136 | +44.8% |
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 6 October 2026 via checked.be.