AD STANDARD: 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 STANDARD
Largest movements
- Cash -€76,633
down €76,633 (-79.5%), from €96,380 to €19,747
mainly Investment in fixed assets (net) (-€91,834) and Trade debts (-€42,629)
- Tangible fixed assets +€66,556
up €66,556 (+470%), from €14,147 to €80,703
of which Furniture and vehicles: +€66,549
- Deferred charges and accrued income -€1,641
no longer reported in 2025 (was €1,641)
- Trade debts -€42,629
down €42,629 (-88.6%), from €48,095 to €5,467
- Debts after one year +€24,452
up €24,452 (+69.0%), from €35,435 to €59,887
- Profit (loss) carried forward +€12,807
up €12,807 (+32.8%), from €39,038 to €51,845
- Tax, wage and social debts -€6,410
down €6,410 (-42.8%), from €14,984 to €8,574
of which Taxes: -€10,710
- Depreciation +€17,201
up €17,201 (+213%), from €8,076 to €25,278
- Taxes -€5,688
down €5,688 (-57.1%), from €9,962 to €4,274
- Gross operating margin +€3,426
up €3,426 (+8.0%), from €42,606 to €46,032
- Financial charges +€2,945
up €2,945 (+2,207%), from €133 to €3,079
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 | €147,117 | €136,741 | -€10,376 | -7.1% |
| Fixed assets | 21/28 | €14,147 | €80,703 | +€66,556 | +470% |
| Tangible fixed assets | 22/27 | €14,147 | €80,703 | +€66,556 | +470% |
| Plant, machinery and equipment | 23 | €1,433 | €1,441 | +€8 | +0.5% |
| Furniture and vehicles | 24 | €12,714 | €79,262 | +€66,549 | +523% |
| Current assets | 29/58 | €132,970 | €56,038 | -€76,932 | -57.9% |
| Amounts receivable within one year | 40/41 | €34,949 | €36,291 | +€1,342 | +3.8% |
| Trade receivables | 40 | €26,747 | €13,789 | -€12,958 | -48.4% |
| Other amounts receivable | 41 | €8,202 | €22,502 | +€14,300 | +174% |
| Cash at bank and in hand | 54/58 | €96,380 | €19,747 | -€76,633 | -79.5% |
| Deferred charges and accrued income | 490/1 | €1,641 | - | -€1,641 | |
| Total equity and liabilities | 10/49 | €147,117 | €136,741 | -€10,376 | -7.1% |
| Equity | 10/15 | €39,038 | €51,845 | +€12,807 | +32.8% |
| Profit (loss) carried forward | 14 | €39,038 | €51,845 | +€12,807 | +32.8% |
| Amounts payable | 17/49 | €108,079 | €84,896 | -€23,183 | -21.5% |
| Amounts payable after more than one year | 17 | €35,435 | €59,887 | +€24,452 | +69.0% |
| Financial debts | 170/4 | €35,435 | €59,887 | +€24,452 | +69.0% |
| Amounts payable within one year | 42/48 | €72,644 | €25,009 | -€47,635 | -65.6% |
| Current portion of amounts payable after more than one year | 42 | €9,565 | €10,968 | +€1,404 | +14.7% |
| Trade debts | 44 | €48,095 | €5,467 | -€42,629 | -88.6% |
| Suppliers | 440/4 | €48,095 | €5,467 | -€42,629 | -88.6% |
| Taxes, remuneration and social security | 45 | €14,984 | €8,574 | -€6,410 | -42.8% |
| Taxes | 450/3 | €14,984 | €4,274 | -€10,710 | -71.5% |
| Remuneration and social security | 454/9 | - | €4,300 | +€4,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,076 | €25,278 | +€17,201 | +213% |
| Other operating charges | 640/8 | €937 | €1,081 | +€143 | +15.3% |
| Gross operating margin | 9900 | €42,606 | €46,032 | +€3,426 | +8.0% |
| Operating profit (loss) | 9901 | €33,593 | €19,674 | -€13,919 | -41.4% |
| Financial income | 75/76B | €338 | €486 | +€147 | +43.5% |
| Recurring financial income | 75 | €338 | €486 | +€147 | +43.5% |
| Financial charges | 65/66B | €133 | €3,079 | +€2,945 | +2,207% |
| Recurring financial charges | 65 | €133 | €3,079 | +€2,945 | +2,207% |
| Profit (loss) for the period before taxes | 9903 | €33,797 | €17,081 | -€16,717 | -49.5% |
| Income taxes | 67/77 | €9,962 | €4,274 | -€5,688 | -57.1% |
| Profit (loss) for the period | 9904 | €23,836 | €12,807 | -€11,029 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,836 | €12,807 | -€11,029 | -46.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.