AD SYSTEM: 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 SYSTEM
Largest movements
- Receivables within one year +€8,585
up €8,585 (+5265.0%), from €163 to €8,748
of which Other amounts receivable: +€8,585
- Tangible fixed assets -€7,413
down €7,413 (-8.6%), from €85,734 to €78,321
of which Land and buildings: -€7,413
- Profit (loss) carried forward +€1,881
up €1,881 (+1384.5%), from €136 to €2,017
- Depreciation +€3,087
up €3,087 (+71.3%), from €4,327 to €7,413
- Gross operating margin +€2,317
up €2,317 (+22.1%), from €10,490 to €12,807
- Financial charges -€2,108
down €2,108 (-92.4%), from €2,283 to €174
- Other operating charges +€888
up €888 (+36.2%), from €2,450 to €3,338
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 | €85,908 | €87,813 | +€1,905 | +2.2% |
| Fixed assets | 21/28 | €85,734 | €78,321 | -€7,413 | -8.6% |
| Tangible fixed assets | 22/27 | €85,734 | €78,321 | -€7,413 | -8.6% |
| Land and buildings | 22 | €85,734 | €78,321 | -€7,413 | -8.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €174 | €9,492 | +€9,318 | +5353.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €163 | €8,748 | +€8,585 | +5265.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €163 | €8,748 | +€8,585 | +5265.0% |
| Cash at bank and in hand | 54/58 | €11 | €744 | +€733 | +6671.8% |
| Total equity and liabilities | 10/49 | €85,908 | €87,813 | +€1,905 | +2.2% |
| Equity | 10/15 | €22,324 | €24,205 | +€1,881 | +8.4% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €7,314 | €7,314 | = | 0.0% |
| Distributable reserves | 133 | €7,314 | €7,314 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136 | €2,017 | +€1,881 | +1384.5% |
| Amounts payable | 17/49 | €63,584 | €63,608 | +€24 | 0.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €63,584 | €63,608 | +€24 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €63,584 | €63,608 | +€24 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,327 | €7,413 | +€3,087 | +71.3% |
| Other operating charges | 640/8 | €2,450 | €3,338 | +€888 | +36.2% |
| Gross operating margin | 9900 | €10,490 | €12,807 | +€2,317 | +22.1% |
| Operating profit (loss) | 9901 | €3,713 | €2,056 | -€1,658 | -44.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,283 | €174 | -€2,108 | -92.4% |
| Recurring financial charges | 65 | €2,283 | €174 | -€2,108 | -92.4% |
| Profit (loss) for the period before taxes | 9903 | €1,431 | €1,881 | +€451 | +31.5% |
| Profit (loss) for the period | 9904 | €1,431 | €1,881 | +€451 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,431 | €1,881 | +€451 | +31.5% |
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 5 October 2026 via checked.be.