Ad Trône: 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 Trône
Largest movements
- Tangible fixed assets +€65,916
up €65,916 (+15.9%), from €415,501 to €481,418
of which Plant, machinery and equipment: +€47,618
- Receivables within one year -€51,284
down €51,284 (-14.6%), from €351,060 to €299,776
of which Other amounts receivable: -€48,549
- Cash -€29,155
down €29,155 (-73.0%), from €39,937 to €10,782
mainly Investment in fixed assets (net) (-€126,439) and Trade debts (-€102,005)
- Tax, wage and social debts +€114,108
up €114,108 (+231.2%), from €49,362 to €163,469
of which Remuneration and social security: +€77,706
- Trade debts -€102,005
down €102,005 (-23.1%), from €441,573 to €339,569
- Debts after one year -€23,664
down €23,664 (-15.4%), from €153,418 to €129,754
- Gross operating margin +€350,230
up €350,230 (+204.8%), from €171,044 to €521,274
- Staff costs +€302,391
up €302,391 (+229.4%), from €131,843 to €434,234
- Depreciation +€32,758
up €32,758 (+118.0%), from €27,764 to €60,522
- Financial charges +€18,657
up €18,657 (+149.5%), from €12,482 to €31,139
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 | €819,861 | €810,231 | -€9,630 | -1.2% |
| Fixed assets | 21/28 | €417,335 | €483,252 | +€65,916 | +15.8% |
| Tangible fixed assets | 22/27 | €415,501 | €481,418 | +€65,916 | +15.9% |
| Plant, machinery and equipment | 23 | €71,666 | €119,284 | +€47,618 | +66.4% |
| Furniture and vehicles | 24 | €41,615 | €34,102 | -€7,513 | -18.1% |
| Other tangible fixed assets | 26 | €302,220 | €328,032 | +€25,812 | +8.5% |
| Financial fixed assets | 28 | €1,834 | €1,834 | = | 0.0% |
| Current assets | 29/58 | €402,526 | €326,979 | -€75,547 | -18.8% |
| Stocks and contracts in progress | 3 | €11,530 | €10,322 | -€1,208 | -10.5% |
| Stocks | 30/36 | €11,530 | €10,322 | -€1,208 | -10.5% |
| Amounts receivable within one year | 40/41 | €351,060 | €299,776 | -€51,284 | -14.6% |
| Trade receivables | 40 | €230,031 | €227,296 | -€2,735 | -1.2% |
| Other amounts receivable | 41 | €121,029 | €72,480 | -€48,549 | -40.1% |
| Cash at bank and in hand | 54/58 | €39,937 | €10,782 | -€29,155 | -73.0% |
| Deferred charges and accrued income | 490/1 | - | €6,099 | +€6,099 | |
| Total equity and liabilities | 10/49 | €819,861 | €810,231 | -€9,630 | -1.2% |
| Equity | 10/15 | €55,229 | €48,382 | -€6,847 | -12.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,233 | €1,012 | -€1,221 | -54.7% |
| Investment grants | 15 | €32,996 | €27,371 | -€5,626 | -17.0% |
| Amounts payable | 17/49 | €764,632 | €761,849 | -€2,783 | -0.4% |
| Amounts payable after more than one year | 17 | €153,418 | €129,754 | -€23,664 | -15.4% |
| Financial debts | 170/4 | €153,418 | €129,754 | -€23,664 | -15.4% |
| Amounts payable within one year | 42/48 | €611,213 | €632,095 | +€20,881 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €49,028 | €52,595 | +€3,567 | +7.3% |
| Trade debts | 44 | €441,573 | €339,569 | -€102,005 | -23.1% |
| Suppliers | 440/4 | €441,573 | €339,569 | -€102,005 | -23.1% |
| Taxes, remuneration and social security | 45 | €49,362 | €163,469 | +€114,108 | +231.2% |
| Taxes | 450/3 | €3,712 | €40,114 | +€36,402 | +980.7% |
| Remuneration and social security | 454/9 | €45,650 | €123,356 | +€77,706 | +170.2% |
| Other amounts payable | 47/48 | €71,250 | €76,461 | +€5,211 | +7.3% |
| Remuneration, social security and pensions | 62 | €131,843 | €434,234 | +€302,391 | +229.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,764 | €60,522 | +€32,758 | +118.0% |
| Other operating charges | 640/8 | €2,903 | €3,314 | +€412 | +14.2% |
| Gross operating margin | 9900 | €171,044 | €521,274 | +€350,230 | +204.8% |
| Operating profit (loss) | 9901 | €8,534 | €23,203 | +€14,670 | +171.9% |
| Financial income | 75/76B | €6,181 | €6,715 | +€533 | +8.6% |
| Recurring financial income | 75 | €6,181 | €6,715 | +€533 | +8.6% |
| Financial charges | 65/66B | €12,482 | €31,139 | +€18,657 | +149.5% |
| Recurring financial charges | 65 | €12,482 | €31,139 | +€18,657 | +149.5% |
| Profit (loss) for the period before taxes | 9903 | €2,233 | -€1,221 | -€3,454 | |
| Profit (loss) for the period | 9904 | €2,233 | -€1,221 | -€3,454 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,233 | -€1,221 | -€3,454 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.