AdCosy: 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.
AdCosy
Largest movements
- Stocks and contracts +€25,201
up €25,201 (+12.9%), from €194,759 to €219,960
- Tangible fixed assets -€24,713
down €24,713 (-28.6%), from €86,440 to €61,727
- Receivables within one year +€3,885
up €3,885 (+58.8%), from €6,605 to €10,489
of which Other amounts receivable: +€4,606
- Cash -€3,460
down €3,460 (-10.9%), from €31,792 to €28,332
mainly Debts after one year (-€32,520) and Stocks and contracts (-€25,201)
- Debts after one year -€32,520
down €32,520 (-30.5%), from €106,734 to €74,215
of which Financial debts: -€32,520
- Reserves +€18,770
up €18,770 (+21.7%), from €86,500 to €105,270
- Short-term financial debts +€9,500
up €9,500 (+73.1%), from €13,000 to €22,500
- Trade debts +€6,869
up €6,869 (+14.3%), from €47,992 to €54,861
- Other debts +€5,345
up €5,345 (+170%), from €3,148 to €8,494
- Gross operating margin +€12,827
up €12,827 (+8.3%), from €155,122 to €167,950
- Staff costs +€5,687
up €5,687 (+5.7%), from €98,921 to €104,608
- Financial charges +€4,051
up €4,051 (+77.4%), from €5,236 to €9,288
- Taxes +€2,256
up €2,256 (+31.5%), from €7,161 to €9,417
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 | €322,078 | €322,203 | +€125 | 0.0% |
| Fixed assets | 21/28 | €88,339 | €62,816 | -€25,523 | -28.9% |
| Intangible fixed assets | 21 | €1,900 | €1,090 | -€810 | -42.6% |
| Tangible fixed assets | 22/27 | €86,440 | €61,727 | -€24,713 | -28.6% |
| Plant, machinery and equipment | 23 | €33,906 | €27,454 | -€6,452 | -19.0% |
| Furniture and vehicles | 24 | €32,440 | €22,083 | -€10,357 | -31.9% |
| Other tangible fixed assets | 26 | €20,093 | €12,190 | -€7,904 | -39.3% |
| Current assets | 29/58 | €233,739 | €259,386 | +€25,648 | +11.0% |
| Stocks and contracts in progress | 3 | €194,759 | €219,960 | +€25,201 | +12.9% |
| Stocks | 30/36 | €194,759 | €219,960 | +€25,201 | +12.9% |
| Amounts receivable within one year | 40/41 | €6,605 | €10,489 | +€3,885 | +58.8% |
| Trade receivables | 40 | €722 | - | -€722 | |
| Other amounts receivable | 41 | €5,883 | €10,489 | +€4,606 | +78.3% |
| Cash at bank and in hand | 54/58 | €31,792 | €28,332 | -€3,460 | -10.9% |
| Deferred charges and accrued income | 490/1 | €583 | €605 | +€22 | +3.8% |
| Total equity and liabilities | 10/49 | €322,078 | €322,203 | +€125 | 0.0% |
| Equity | 10/15 | €88,860 | €107,270 | +€18,410 | +20.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €86,500 | €105,270 | +€18,770 | +21.7% |
| Distributable reserves | 133 | €86,500 | €105,270 | +€18,770 | +21.7% |
| Profit (loss) carried forward | 14 | €360 | - | -€360 | |
| Amounts payable | 17/49 | €233,218 | €214,933 | -€18,285 | -7.8% |
| Amounts payable after more than one year | 17 | €106,734 | €74,215 | -€32,520 | -30.5% |
| Financial debts | 170/4 | €41,734 | €9,215 | -€32,520 | -77.9% |
| Other amounts payable | 178/9 | €65,000 | €65,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €126,484 | €139,989 | +€13,505 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €36,855 | €32,520 | -€4,336 | -11.8% |
| Financial debts | 43 | €13,000 | €22,500 | +€9,500 | +73.1% |
| Credit institutions | 430/8 | €13,000 | €22,500 | +€9,500 | +73.1% |
| Trade debts | 44 | €47,992 | €54,861 | +€6,869 | +14.3% |
| Suppliers | 440/4 | €47,992 | €54,861 | +€6,869 | +14.3% |
| Advances received on contracts in progress | 46 | €545 | €313 | -€232 | -42.6% |
| Taxes, remuneration and social security | 45 | €24,943 | €21,302 | -€3,641 | -14.6% |
| Taxes | 450/3 | €18,409 | €14,528 | -€3,881 | -21.1% |
| Remuneration and social security | 454/9 | €6,534 | €6,774 | +€239 | +3.7% |
| Other amounts payable | 47/48 | €3,148 | €8,494 | +€5,345 | +170% |
| Accrued charges and deferred income | 492/3 | - | €729 | +€729 | |
| Remuneration, social security and pensions | 62 | €98,921 | €104,608 | +€5,687 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,481 | €28,137 | +€656 | +2.4% |
| Other operating charges | 640/8 | €1,227 | €972 | -€255 | -20.8% |
| Gross operating margin | 9900 | €155,122 | €167,950 | +€12,827 | +8.3% |
| Operating profit (loss) | 9901 | €27,494 | €34,233 | +€6,739 | +24.5% |
| Financial income | 75/76B | €4,389 | €2,882 | -€1,507 | -34.3% |
| Recurring financial income | 75 | €4,389 | €2,882 | -€1,507 | -34.3% |
| Financial charges | 65/66B | €5,236 | €9,288 | +€4,051 | +77.4% |
| Recurring financial charges | 65 | €5,236 | €9,288 | +€4,051 | +77.4% |
| Profit (loss) for the period before taxes | 9903 | €26,647 | €27,827 | +€1,180 | +4.4% |
| Income taxes | 67/77 | €7,161 | €9,417 | +€2,256 | +31.5% |
| Profit (loss) for the period | 9904 | €19,486 | €18,410 | -€1,076 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,486 | €18,410 | -€1,076 | -5.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.