AD.vocaat: 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.vocaat
Largest movements
- Receivables within one year +€29,247
new in 2025: €29,247
of which Trade receivables: +€29,245
- Cash +€19,301
up €19,301 (+46.2%), from €41,777 to €61,078
mainly Net result for the year (+€36,304) and Tax, wage and social debts (+€9,108)
- Tangible fixed assets -€1,540
down €1,540 (-24.8%), from €6,219 to €4,679
of which Furniture and vehicles: -€800
- Reserves +€36,304
up €36,304 (+167%), from €21,775 to €58,080
- Tax, wage and social debts +€9,108
up €9,108 (+73.6%), from €12,379 to €21,487
- Other debts +€1,611
up €1,611 (+12.9%), from €12,468 to €14,079
- Gross operating margin +€19,334
up €19,334 (+61.2%), from €31,578 to €50,912
- Taxes +€4,185
up €4,185 (+71.2%), from €5,879 to €10,063
- Financial charges +€721
up €721 (+38.0%), from €1,901 to €2,622
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 | €48,115 | €95,115 | +€47,001 | +97.7% |
| Fixed assets | 21/28 | €6,219 | €4,679 | -€1,540 | -24.8% |
| Tangible fixed assets | 22/27 | €6,219 | €4,679 | -€1,540 | -24.8% |
| Plant, machinery and equipment | 23 | €969 | €729 | -€240 | -24.8% |
| Furniture and vehicles | 24 | €3,231 | €2,431 | -€800 | -24.8% |
| Other tangible fixed assets | 26 | €2,019 | €1,519 | -€500 | -24.8% |
| Current assets | 29/58 | €41,896 | €90,437 | +€48,541 | +116% |
| Amounts receivable within one year | 40/41 | - | €29,247 | +€29,247 | |
| Trade receivables | 40 | - | €29,245 | +€29,245 | |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €41,777 | €61,078 | +€19,301 | +46.2% |
| Deferred charges and accrued income | 490/1 | €119 | €111 | -€8 | -6.4% |
| Total equity and liabilities | 10/49 | €48,115 | €95,115 | +€47,001 | +97.7% |
| Equity | 10/15 | €22,275 | €58,580 | +€36,304 | +163% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €21,775 | €58,080 | +€36,304 | +167% |
| Distributable reserves | 133 | €21,775 | €58,080 | +€36,304 | +167% |
| Amounts payable | 17/49 | €25,839 | €36,536 | +€10,697 | +41.4% |
| Amounts payable within one year | 42/48 | €25,699 | €36,530 | +€10,831 | +42.1% |
| Trade debts | 44 | €852 | €964 | +€112 | +13.1% |
| Suppliers | 440/4 | €852 | €964 | +€112 | +13.1% |
| Taxes, remuneration and social security | 45 | €12,379 | €21,487 | +€9,108 | +73.6% |
| Taxes | 450/3 | €12,379 | €21,487 | +€9,108 | +73.6% |
| Other amounts payable | 47/48 | €12,468 | €14,079 | +€1,611 | +12.9% |
| Accrued charges and deferred income | 492/3 | €140 | €6 | -€134 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,481 | €1,540 | +€59 | +4.0% |
| Other operating charges | 640/8 | €616 | €528 | -€89 | -14.4% |
| Gross operating margin | 9900 | €31,578 | €50,912 | +€19,334 | +61.2% |
| Operating profit (loss) | 9901 | €29,480 | €48,844 | +€19,364 | +65.7% |
| Financial income | 75/76B | €74 | €145 | +€71 | +96.9% |
| Recurring financial income | 75 | €74 | €145 | +€71 | +96.9% |
| Financial charges | 65/66B | €1,901 | €2,622 | +€721 | +38.0% |
| Recurring financial charges | 65 | €1,901 | €2,622 | +€721 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €27,654 | €46,368 | +€18,714 | +67.7% |
| Income taxes | 67/77 | €5,879 | €10,063 | +€4,185 | +71.2% |
| Profit (loss) for the period | 9904 | €21,775 | €36,304 | +€14,529 | +66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,775 | €36,304 | +€14,529 | +66.7% |
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 16 October 2026 via checked.be.