ADE: 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.
ADE
Largest movements
- Receivables after one year -€7,200
down €7,200 (-21.7%), from €33,200 to €26,000
- Tangible fixed assets -€3,943
down €3,943 (-4.4%), from €88,859 to €84,916
- Cash +€2,980
up €2,980 (+53.6%), from €5,557 to €8,537
mainly Receivables after one year (+€7,200) and Other debts (+€4,736)
- Debts after one year -€9,267
down €9,267 (-19.3%), from €47,972 to €38,705
- Profit (loss) carried forward -€5,390
down €5,390 (-7.1%), from €76,253 to €70,863
- Other debts +€4,736
up €4,736 (+170.3%), from €2,782 to €7,518
- Gross operating margin -€2,681
down €2,681 (-69.7%), from €3,846 to €1,165
- Financial charges -€390
down €390 (-13.6%), from €2,859 to €2,469
- Other operating charges -€274
down €274 (-23.7%), from €1,158 to €883
- Financial income -€180
down €180 (-19.6%), from €920 to €740
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 | €147,837 | €139,674 | -€8,163 | -5.5% |
| Fixed assets | 21/28 | €88,859 | €84,916 | -€3,943 | -4.4% |
| Tangible fixed assets | 22/27 | €88,859 | €84,916 | -€3,943 | -4.4% |
| Land and buildings | 22 | €88,859 | €84,916 | -€3,943 | -4.4% |
| Current assets | 29/58 | €58,978 | €54,758 | -€4,220 | -7.2% |
| Amounts receivable after more than one year | 29 | €33,200 | €26,000 | -€7,200 | -21.7% |
| Trade receivables | 290 | €33,200 | €26,000 | -€7,200 | -21.7% |
| Amounts receivable within one year | 40/41 | €20,221 | €20,221 | = | 0.0% |
| Trade receivables | 40 | €20,221 | €20,221 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,557 | €8,537 | +€2,980 | +53.6% |
| Total equity and liabilities | 10/49 | €147,837 | €139,674 | -€8,163 | -5.5% |
| Equity | 10/15 | €84,309 | €78,920 | -€5,390 | -6.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,253 | €70,863 | -€5,390 | -7.1% |
| Amounts payable | 17/49 | €63,528 | €60,755 | -€2,773 | -4.4% |
| Amounts payable after more than one year | 17 | €47,972 | €38,705 | -€9,267 | -19.3% |
| Financial debts | 170/4 | €47,972 | €38,705 | -€9,267 | -19.3% |
| Amounts payable within one year | 42/48 | €15,556 | €20,700 | +€5,144 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €8,860 | €9,267 | +€407 | +4.6% |
| Trade debts | 44 | €3,915 | €3,915 | = | 0.0% |
| Suppliers | 440/4 | €3,915 | €3,915 | = | 0.0% |
| Other amounts payable | 47/48 | €2,782 | €7,518 | +€4,736 | +170.3% |
| Accrued charges and deferred income | 492/3 | - | €1,350 | +€1,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,943 | €3,943 | = | 0.0% |
| Other operating charges | 640/8 | €1,158 | €883 | -€274 | -23.7% |
| Gross operating margin | 9900 | €3,846 | €1,165 | -€2,681 | -69.7% |
| Operating profit (loss) | 9901 | -€1,254 | -€3,661 | -€2,407 | -191.9% |
| Financial income | 75/76B | €920 | €740 | -€180 | -19.6% |
| Recurring financial income | 75 | €920 | €740 | -€180 | -19.6% |
| Financial charges | 65/66B | €2,859 | €2,469 | -€390 | -13.6% |
| Recurring financial charges | 65 | €2,859 | €2,469 | -€390 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,193 | -€5,390 | -€2,197 | -68.8% |
| Profit (loss) for the period | 9904 | -€3,193 | -€5,390 | -€2,197 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,193 | -€5,390 | -€2,197 | -68.8% |
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 6 October 2026 via checked.be.