Ad Ventus: 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 Ventus
Largest movements
- Tangible fixed assets -€89,613
down €89,613 (-5.4%), from €1.7m to €1.6m
of which Land and buildings: -€75,200
- Debts after one year -€100,666
down €100,666 (-10.6%), from €949,130 to €848,464
- Profit (loss) carried forward +€33,698
up €33,698 (+16.0%), from €210,682 to €244,380
- Other debts -€17,827
down €17,827 (-6.7%), from €267,473 to €249,646
- Tax, wage and social debts +€17,778
up €17,778 (+90.8%), from €19,570 to €37,347
of which Taxes: +€12,691
- Staff costs +€58,500
up €58,500 (+219%), from €26,767 to €85,267
- Gross operating margin +€19,396
up €19,396 (+7.8%), from €250,042 to €269,438
- Financial charges -€4,571
down €4,571 (-10.1%), from €45,269 to €40,698
- Taxes +€3,929
up €3,929 (+47.3%), from €8,305 to €12,234
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 | €1,725,528 | €1,641,071 | -€84,457 | -4.9% |
| Fixed assets | 21/28 | €1,650,695 | €1,561,081 | -€89,613 | -5.4% |
| Tangible fixed assets | 22/27 | €1,650,695 | €1,561,081 | -€89,613 | -5.4% |
| Land and buildings | 22 | €1,561,004 | €1,485,804 | -€75,200 | -4.8% |
| Plant, machinery and equipment | 23 | €85,387 | €71,110 | -€14,277 | -16.7% |
| Furniture and vehicles | 24 | €4,304 | €4,167 | -€136 | -3.2% |
| Current assets | 29/58 | €74,833 | €79,990 | +€5,157 | +6.9% |
| Stocks and contracts in progress | 3 | €1,845 | €1,845 | = | 0.0% |
| Stocks | 30/36 | €1,845 | €1,845 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39 | €17,274 | +€17,235 | +44,536% |
| Other amounts receivable | 41 | €39 | €17,274 | +€17,235 | +44,536% |
| Cash at bank and in hand | 54/58 | €72,949 | €60,871 | -€12,079 | -16.6% |
| Total equity and liabilities | 10/49 | €1,725,528 | €1,641,071 | -€84,457 | -4.9% |
| Equity | 10/15 | €360,682 | €394,380 | +€33,698 | +9.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210,682 | €244,380 | +€33,698 | +16.0% |
| Amounts payable | 17/49 | €1,364,846 | €1,246,691 | -€118,155 | -8.7% |
| Amounts payable after more than one year | 17 | €949,130 | €848,464 | -€100,666 | -10.6% |
| Financial debts | 170/4 | €949,130 | €848,464 | -€100,666 | -10.6% |
| Amounts payable within one year | 42/48 | €415,716 | €398,227 | -€17,489 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €112,668 | €106,352 | -€6,316 | -5.6% |
| Trade debts | 44 | €16,005 | €4,882 | -€11,124 | -69.5% |
| Suppliers | 440/4 | €16,005 | €4,882 | -€11,124 | -69.5% |
| Taxes, remuneration and social security | 45 | €19,570 | €37,347 | +€17,778 | +90.8% |
| Taxes | 450/3 | €12,429 | €25,120 | +€12,691 | +102% |
| Remuneration and social security | 454/9 | €7,140 | €12,227 | +€5,087 | +71.2% |
| Other amounts payable | 47/48 | €267,473 | €249,646 | -€17,827 | -6.7% |
| Non-recurring operating income | 76A | €630 | - | -€630 | |
| Remuneration, social security and pensions | 62 | €26,767 | €85,267 | +€58,500 | +219% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,107 | €92,641 | -€1,465 | -1.6% |
| Other operating charges | 640/8 | €7,456 | €4,917 | -€2,539 | -34.0% |
| Gross operating margin | 9900 | €250,042 | €269,438 | +€19,396 | +7.8% |
| Operating profit (loss) | 9901 | €121,712 | €86,612 | -€35,101 | -28.8% |
| Financial income | 75/76B | €280 | €18 | -€262 | -93.5% |
| Recurring financial income | 75 | €280 | €18 | -€262 | -93.5% |
| Financial charges | 65/66B | €45,269 | €40,698 | -€4,571 | -10.1% |
| Recurring financial charges | 65 | €45,269 | €40,698 | -€4,571 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €76,723 | €45,932 | -€30,792 | -40.1% |
| Income taxes | 67/77 | €8,305 | €12,234 | +€3,929 | +47.3% |
| Profit (loss) for the period | 9904 | €68,418 | €33,698 | -€34,720 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,418 | €33,698 | -€34,720 | -50.7% |
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 24 October 2026 via checked.be.