AD VENTURES: 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 VENTURES
Largest movements
- Receivables within one year -€11,512
no longer reported in 2025 (was €11,512)
- Financial fixed assets -€2,980
no longer reported in 2025 (was €2,980)
- Cash +€1,620
up €1,620 (+17.8%), from €9,101 to €10,722
mainly Receivables within one year (+€11,512) and Other debts (+€8,033)
- Deferred charges and accrued income -€429
no longer reported in 2025 (was €429)
- Trade debts -€19,173
down €19,173 (-92.2%), from €20,796 to €1,623
- Other debts +€8,033
up €8,033 (+62.9%), from €12,775 to €20,807
- Reserves -€3,042
down €3,042 (-62.1%), from €4,901 to €1,859
of which Tax-exempt reserves: -€3,042
- Tax, wage and social debts +€1,259
up €1,259 (+199%), from €633 to €1,893
- Profit (loss) carried forward -€611
down €611 (-2.5%), from -€24,096 to -€24,706
- Gross operating margin +€1,871
up €1,871 (+39.4%), from -€4,745 to -€2,874
- Other operating charges +€633
new in 2025: €633
- Depreciation -€531
no longer reported in 2025 (was €531)
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 | €24,256 | €10,722 | -€13,534 | -55.8% |
| Fixed assets | 21/28 | €3,214 | - | -€3,214 | |
| Tangible fixed assets | 22/27 | €233 | - | -€233 | |
| Furniture and vehicles | 24 | €233 | - | -€233 | |
| Financial fixed assets | 28 | €2,980 | - | -€2,980 | |
| Current assets | 29/58 | €21,042 | €10,722 | -€10,320 | -49.0% |
| Amounts receivable within one year | 40/41 | €11,512 | - | -€11,512 | |
| Trade receivables | 40 | €11,512 | - | -€11,512 | |
| Cash at bank and in hand | 54/58 | €9,101 | €10,722 | +€1,620 | +17.8% |
| Deferred charges and accrued income | 490/1 | €429 | - | -€429 | |
| Total equity and liabilities | 10/49 | €24,256 | €10,722 | -€13,534 | -55.8% |
| Equity | 10/15 | -€9,948 | -€13,601 | -€3,652 | -36.7% |
| Contributions | 10/11 | €9,246 | €9,246 | = | 0.0% |
| Reserves | 13 | €4,901 | €1,859 | -€3,042 | -62.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,042 | - | -€3,042 | |
| Profit (loss) carried forward | 14 | -€24,096 | -€24,706 | -€611 | -2.5% |
| Amounts payable | 17/49 | €34,204 | €24,323 | -€9,881 | -28.9% |
| Amounts payable within one year | 42/48 | €34,204 | €24,323 | -€9,881 | -28.9% |
| Trade debts | 44 | €20,796 | €1,623 | -€19,173 | -92.2% |
| Suppliers | 440/4 | €20,796 | €1,623 | -€19,173 | -92.2% |
| Taxes, remuneration and social security | 45 | €633 | €1,893 | +€1,259 | +199% |
| Taxes | 450/3 | €633 | €1,893 | +€1,259 | +199% |
| Other amounts payable | 47/48 | €12,775 | €20,807 | +€8,033 | +62.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €531 | - | -€531 | |
| Other operating charges | 640/8 | - | €633 | +€633 | |
| Gross operating margin | 9900 | -€4,745 | -€2,874 | +€1,871 | +39.4% |
| Operating profit (loss) | 9901 | -€5,276 | -€3,507 | +€1,769 | +33.5% |
| Financial charges | 65/66B | €79 | €117 | +€38 | +48.0% |
| Recurring financial charges | 65 | €79 | €117 | +€38 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,355 | -€3,624 | +€1,731 | +32.3% |
| Transfer from deferred taxes | 780 | - | €3,042 | +€3,042 | |
| Profit (loss) for the period | 9904 | -€5,355 | -€582 | +€4,773 | +89.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,355 | -€582 | +€4,773 | +89.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.