AD VITAM: 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 VITAM
Largest movements
- Cash -€453,977
down €453,977 (-94.3%), from €481,186 to €27,209
mainly Receivables within one year (-€315,195) and Investment in fixed assets (net) (-€307,154)
- Receivables within one year +€315,195
up €315,195 (+68.6%), from €459,351 to €774,546
of which Other amounts receivable: +€305,687
- Tangible fixed assets +€72,023
up €72,023 (+2.2%), from €3.2m to €3.3m
of which Land and buildings: +€95,505
- Debts after one year -€194,082
down €194,082 (-17.8%), from €1.1m to €895,312
- Reserves +€115,681
up €115,681 (+7.6%), from €1.5m to €1.6m
of which Distributable reserves: +€115,681
- Current portion of long-term debt +€80,372
up €80,372 (+26.8%), from €300,317 to €380,689
- Trade debts -€68,761
down €68,761 (-91.1%), from €75,438 to €6,677
- Gross operating margin +€44,490
up €44,490 (+11.2%), from €396,296 to €440,786
- Depreciation +€29,936
up €29,936 (+14.6%), from €205,196 to €235,132
- Financial charges -€5,268
down €5,268 (-12.7%), from €41,326 to €36,059
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 | €4,418,324 | €4,351,665 | -€66,659 | -1.5% |
| Fixed assets | 21/28 | €3,476,023 | €3,548,045 | +€72,023 | +2.1% |
| Tangible fixed assets | 22/27 | €3,214,023 | €3,286,045 | +€72,023 | +2.2% |
| Land and buildings | 22 | €3,167,632 | €3,263,137 | +€95,505 | +3.0% |
| Plant, machinery and equipment | 23 | €2,593 | €1,729 | -€864 | -33.3% |
| Furniture and vehicles | 24 | €24,521 | €15,277 | -€9,244 | -37.7% |
| Other tangible fixed assets | 26 | €19,277 | €5,902 | -€13,375 | -69.4% |
| Financial fixed assets | 28 | €262,000 | €262,000 | = | 0.0% |
| Current assets | 29/58 | €942,302 | €803,620 | -€138,682 | -14.7% |
| Amounts receivable within one year | 40/41 | €459,351 | €774,546 | +€315,195 | +68.6% |
| Trade receivables | 40 | €115,890 | €125,398 | +€9,508 | +8.2% |
| Other amounts receivable | 41 | €343,461 | €649,148 | +€305,687 | +89.0% |
| Cash at bank and in hand | 54/58 | €481,186 | €27,209 | -€453,977 | -94.3% |
| Deferred charges and accrued income | 490/1 | €1,764 | €1,865 | +€101 | +5.7% |
| Total equity and liabilities | 10/49 | €4,418,324 | €4,351,665 | -€66,659 | -1.5% |
| Equity | 10/15 | €1,598,327 | €1,714,008 | +€115,681 | +7.2% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Reserves | 13 | €1,517,727 | €1,633,408 | +€115,681 | +7.6% |
| Non-distributable reserves | 130/1 | €9,300 | €9,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,300 | €9,300 | = | 0.0% |
| Distributable reserves | 133 | €1,508,427 | €1,624,108 | +€115,681 | +7.7% |
| Amounts payable | 17/49 | €2,819,997 | €2,637,657 | -€182,340 | -6.5% |
| Amounts payable after more than one year | 17 | €1,089,394 | €895,312 | -€194,082 | -17.8% |
| Financial debts | 170/4 | €1,089,394 | €895,312 | -€194,082 | -17.8% |
| Amounts payable within one year | 42/48 | €1,727,460 | €1,738,789 | +€11,329 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €300,317 | €380,689 | +€80,372 | +26.8% |
| Trade debts | 44 | €75,438 | €6,677 | -€68,761 | -91.1% |
| Suppliers | 440/4 | €75,438 | €6,677 | -€68,761 | -91.1% |
| Taxes, remuneration and social security | 45 | €53,030 | €52,943 | -€87 | -0.2% |
| Taxes | 450/3 | €53,030 | €52,943 | -€87 | -0.2% |
| Other amounts payable | 47/48 | €1,298,675 | €1,298,480 | -€195 | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,144 | €3,556 | +€412 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,196 | €235,132 | +€29,936 | +14.6% |
| Other operating charges | 640/8 | €13,988 | €14,414 | +€426 | +3.0% |
| Gross operating margin | 9900 | €396,296 | €440,786 | +€44,490 | +11.2% |
| Operating profit (loss) | 9901 | €177,111 | €191,241 | +€14,129 | +8.0% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €41,326 | €36,059 | -€5,268 | -12.7% |
| Recurring financial charges | 65 | €41,326 | €36,059 | -€5,268 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €135,785 | €155,204 | +€19,419 | +14.3% |
| Income taxes | 67/77 | €35,214 | €39,522 | +€4,309 | +12.2% |
| Profit (loss) for the period | 9904 | €100,571 | €115,681 | +€15,110 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,571 | €115,681 | +€15,110 | +15.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.