AD-VENTURE: what changed
What changed
AD-VENTURE
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€91,421
2024 · €1.1m-€1.0m
Equity
€3.1m
2024 · €3.0m+€31,421
Cash
€45,191
2024 · €533,238-€488,046
Balance sheet total
€3.5m
2024 · €3.5m-€11,533
Largest movements
Assets
- Receivables within one year +€586,487
up €586,487 (+39.3%), from €1.5m to €2.1m
- Cash -€488,046
down €488,046 (-91.5%), from €533,238 to €45,191
mainly Receivables within one year (-€586,487) and Contributions, distributions and other (-€60,000)
- Financial fixed assets -€100,140
down €100,140 (-9.5%), from €1.1m to €955,462
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€974,778
down €974,778 (-95.8%), from €1.0m to €42,633
- Gross operating margin +€62,147
up €62,147 (+43.6%), from €142,606 to €204,753
- Taxes +€14,454
up €14,454 (+83.4%), from €17,338 to €31,793
- Depreciation +€2,878
up €2,878 (+34.4%), from €8,360 to €11,238
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.1m
Gross operating margin
+€62,147
Depreciation
-€2,878
Other operating charges
+€679
Other operating items
-€101,305
Financial income
-€974,778
Financial charges
+€1,906
Taxes
-€14,454
Result 2025
€91,421
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€500,947
Investment
+€98,736
Financing
-€85,835
Cash 2024
€533,238
From operations (derived)
-€500,947
Net result for the year
+€91,421
Depreciation
+€11,238
Receivables within one year
-€586,487
Trade debts
-€10,956
Tax, wage and social debts
-€5,471
Other debts
-€691
Investment (derived)
+€98,736
Investment in fixed assets (net)
+€98,736
Financing
-€85,835
Debts after one year
-€26,908
Current portion of long-term debt
+€1,073
Contributions, distributions and other
-€60,000
Cash 2025
€45,191
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,497,534 | €3,486,001 | -€11,533 | -0.3% |
| Fixed assets | 21/28 | €1,471,613 | €1,361,638 | -€109,974 | -7.5% |
| Tangible fixed assets | 22/27 | €416,011 | €406,177 | -€9,834 | -2.4% |
| Land and buildings | 22 | €416,011 | €404,989 | -€11,022 | -2.6% |
| Furniture and vehicles | 24 | - | €1,188 | +€1,188 | |
| Financial fixed assets | 28 | €1,055,602 | €955,462 | -€100,140 | -9.5% |
| Current assets | 29/58 | €2,025,921 | €2,124,362 | +€98,441 | +4.9% |
| Amounts receivable within one year | 40/41 | €1,492,684 | €2,079,171 | +€586,487 | +39.3% |
| Other amounts receivable | 41 | €1,492,684 | €2,079,171 | +€586,487 | +39.3% |
| Cash at bank and in hand | 54/58 | €533,238 | €45,191 | -€488,046 | -91.5% |
| Total equity and liabilities | 10/49 | €3,497,534 | €3,486,001 | -€11,533 | -0.3% |
| Equity | 10/15 | €3,037,768 | €3,069,189 | +€31,421 | +1.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,762,768 | €2,794,189 | +€31,421 | +1.1% |
| Amounts payable | 17/49 | €459,766 | €416,812 | -€42,954 | -9.3% |
| Amounts payable after more than one year | 17 | €258,467 | €231,558 | -€26,908 | -10.4% |
| Financial debts | 170/4 | €258,467 | €231,558 | -€26,908 | -10.4% |
| Amounts payable within one year | 42/48 | €201,299 | €185,254 | -€16,046 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €25,835 | €26,908 | +€1,073 | +4.2% |
| Trade debts | 44 | €80,702 | €69,746 | -€10,956 | -13.6% |
| Suppliers | 440/4 | €80,702 | €69,746 | -€10,956 | -13.6% |
| Taxes, remuneration and social security | 45 | €28,192 | €22,721 | -€5,471 | -19.4% |
| Taxes | 450/3 | €28,192 | €22,721 | -€5,471 | -19.4% |
| Other amounts payable | 47/48 | €66,570 | €65,879 | -€691 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,360 | €11,238 | +€2,878 | +34.4% |
| Other operating charges | 640/8 | €679 | - | -€679 | |
| Non-recurring operating charges | 66A | - | €101,305 | +€101,305 | |
| Gross operating margin | 9900 | €142,606 | €204,753 | +€62,147 | +43.6% |
| Operating profit (loss) | 9901 | €133,566 | €92,209 | -€41,357 | -31.0% |
| Financial income | 75/76B | €1,017,411 | €42,633 | -€974,778 | -95.8% |
| Recurring financial income | 75 | €1,017,411 | €42,633 | -€974,778 | -95.8% |
| Financial charges | 65/66B | €13,535 | €11,629 | -€1,906 | -14.1% |
| Recurring financial charges | 65 | €13,535 | €11,629 | -€1,906 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €1,137,442 | €123,213 | -€1.0m | -89.2% |
| Income taxes | 67/77 | €17,338 | €31,793 | +€14,454 | +83.4% |
| Profit (loss) for the period | 9904 | €1,120,104 | €91,421 | -€1.0m | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,120,104 | €91,421 | -€1.0m | -91.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.