AD-Ventures support: 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-Ventures support
Largest movements
- Cash -€107,349
down €107,349 (-60.2%), from €178,419 to €71,070
mainly Contributions, distributions and other (-€104,512) and Other debts (-€37,740)
- Receivables within one year +€7,469
up €7,469 (+34.4%), from €21,705 to €29,174
of which Trade receivables: +€12,150
- Profit (loss) carried forward -€60,746
no longer reported in 2026 (was €60,746)
- Other debts -€37,740
down €37,740 (-30.1%), from €125,361 to €87,621
- Gross operating margin +€8,133
up €8,133 (+16.3%), from €49,970 to €58,103
- Taxes -€2,276
down €2,276 (-16.7%), from €13,589 to €11,313
- Depreciation +€805
up €805 (+52.7%), from €1,527 to €2,332
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,579 | €104,117 | -€100,462 | -49.1% |
| Fixed assets | 21/28 | €4,455 | €3,873 | -€582 | -13.1% |
| Tangible fixed assets | 22/27 | €4,455 | €3,873 | -€582 | -13.1% |
| Furniture and vehicles | 24 | €4,455 | €3,873 | -€582 | -13.1% |
| Current assets | 29/58 | €200,124 | €100,244 | -€99,880 | -49.9% |
| Amounts receivable within one year | 40/41 | €21,705 | €29,174 | +€7,469 | +34.4% |
| Trade receivables | 40 | €12,445 | €24,595 | +€12,150 | +97.6% |
| Other amounts receivable | 41 | €9,260 | €4,579 | -€4,681 | -50.6% |
| Cash at bank and in hand | 54/58 | €178,419 | €71,070 | -€107,349 | -60.2% |
| Total equity and liabilities | 10/49 | €204,579 | €104,117 | -€100,462 | -49.1% |
| Equity | 10/15 | €60,756 | €10 | -€60,746 | -100.0% |
| Contributions | 10/11 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,746 | - | -€60,746 | |
| Amounts payable | 17/49 | €143,823 | €104,107 | -€39,716 | -27.6% |
| Amounts payable within one year | 42/48 | €143,823 | €104,107 | -€39,716 | -27.6% |
| Trade debts | 44 | €815 | €809 | -€6 | -0.7% |
| Suppliers | 440/4 | €815 | €809 | -€6 | -0.7% |
| Taxes, remuneration and social security | 45 | €17,647 | €15,677 | -€1,970 | -11.2% |
| Taxes | 450/3 | €17,647 | €15,677 | -€1,970 | -11.2% |
| Other amounts payable | 47/48 | €125,361 | €87,621 | -€37,740 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,527 | €2,332 | +€805 | +52.7% |
| Other operating charges | 640/8 | €467 | €507 | +€39 | +8.4% |
| Gross operating margin | 9900 | €49,970 | €58,103 | +€8,133 | +16.3% |
| Operating profit (loss) | 9901 | €47,975 | €55,264 | +€7,289 | +15.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €101 | €185 | +€84 | +83.4% |
| Recurring financial charges | 65 | €101 | €185 | +€84 | +83.4% |
| Profit (loss) for the period before taxes | 9903 | €47,875 | €55,079 | +€7,205 | +15.0% |
| Income taxes | 67/77 | €13,589 | €11,313 | -€2,276 | -16.7% |
| Profit (loss) for the period | 9904 | €34,285 | €43,766 | +€9,481 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,285 | €43,766 | +€9,481 | +27.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.