AD2TL: what changed
What changed
AD2TL
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€19,070
2024 · €13,073+€5,997
Equity
€42,302
2024 · €23,232+€19,070
Cash
€1,964
2024 · €90+€1,874
Balance sheet total
€304,383
2024 · €302,109+€2,274
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€40,961
down €40,961 (-29.1%), from €140,561 to €99,600
- Other debts +€22,899
up €22,899 (+29.1%), from €78,645 to €101,544
- Reserves +€19,070
up €19,070 (+89.8%), from €21,232 to €40,302
Income statement
- Gross operating margin +€6,887
up €6,887 (+44.2%), from €15,582 to €22,468
- Taxes +€1,333
up €1,333 (+265%), from €503 to €1,837
- Financial charges -€488
down €488 (-37.0%), from €1,318 to €830
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€13,073
Gross operating margin
+€6,887
Other operating charges
-€44
Financial charges
+€488
Taxes
-€1,333
Result 2025
€19,070
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€42,349
Investment
€0
Financing
-€40,475
Cash 2024
€90
From operations (derived)
+€42,349
Net result for the year
+€19,070
Receivables within one year
-€400
Trade debts
-€281
Tax, wage and social debts
+€1,061
Other debts
+€22,899
Financing
-€40,475
Debts after one year
-€40,961
Current portion of long-term debt
+€486
Cash 2025
€1,964
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €302,109 | €304,383 | +€2,274 | +0.8% |
| Fixed assets | 21/28 | €301,850 | €301,850 | = | 0.0% |
| Financial fixed assets | 28 | €301,850 | €301,850 | = | 0.0% |
| Current assets | 29/58 | €259 | €2,533 | +€2,274 | +877% |
| Amounts receivable within one year | 40/41 | €170 | €569 | +€400 | +235% |
| Trade receivables | 40 | €170 | €0 | -€170 | -100% |
| Other amounts receivable | 41 | - | €569 | +€569 | |
| Cash at bank and in hand | 54/58 | €90 | €1,964 | +€1,874 | +2,092% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €302,109 | €304,383 | +€2,274 | +0.8% |
| Equity | 10/15 | €23,232 | €42,302 | +€19,070 | +82.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €21,232 | €40,302 | +€19,070 | +89.8% |
| Distributable reserves | 133 | €21,232 | €40,302 | +€19,070 | +89.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €278,877 | €262,081 | -€16,796 | -6.0% |
| Amounts payable after more than one year | 17 | €140,561 | €99,600 | -€40,961 | -29.1% |
| Financial debts | 170/4 | €140,561 | €99,600 | -€40,961 | -29.1% |
| Amounts payable within one year | 42/48 | €138,316 | €162,481 | +€24,165 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €40,475 | €40,961 | +€486 | +1.2% |
| Trade debts | 44 | €6,033 | €5,753 | -€281 | -4.7% |
| Suppliers | 440/4 | €6,033 | €5,753 | -€281 | -4.7% |
| Taxes, remuneration and social security | 45 | €13,162 | €14,223 | +€1,061 | +8.1% |
| Taxes | 450/3 | €13,162 | €14,223 | +€1,061 | +8.1% |
| Other amounts payable | 47/48 | €78,645 | €101,544 | +€22,899 | +29.1% |
| Other operating charges | 640/8 | €688 | €732 | +€44 | +6.3% |
| Gross operating margin | 9900 | €15,582 | €22,468 | +€6,887 | +44.2% |
| Operating profit (loss) | 9901 | €14,894 | €21,737 | +€6,843 | +45.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,318 | €830 | -€488 | -37.0% |
| Recurring financial charges | 65 | €1,318 | €830 | -€488 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €13,576 | €20,907 | +€7,331 | +54.0% |
| Income taxes | 67/77 | €503 | €1,837 | +€1,333 | +265% |
| Profit (loss) for the period | 9904 | €13,073 | €19,070 | +€5,997 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,073 | €19,070 | +€5,997 | +45.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.