ADe Main: 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 Main
Largest movements
- Cash +€2,357
up €2,357 (+29.0%), from €8,129 to €10,486
mainly Net result for the year (+€13,325) and Depreciation (+€10,092)
- Reserves +€13,325
up €13,325 (+59.3%), from €22,469 to €35,795
of which Distributable reserves: +€13,325
- Debts after one year -€10,565
down €10,565 (-8.8%), from €120,597 to €110,032
- Other debts -€4,817
down €4,817 (-84.4%), from €5,704 to €888
- Tax, wage and social debts +€3,054
up €3,054 (+240.7%), from €1,269 to €4,323
- Gross operating margin +€8,727
up €8,727 (+35.3%), from €24,708 to €33,435
- Taxes +€3,090
up €3,090 (+112.1%), from €2,757 to €5,847
- Depreciation +€604
up €604 (+6.4%), from €9,488 to €10,092
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 | €164,798 | €166,025 | +€1,228 | +0.7% |
| Fixed assets | 21/28 | €151,020 | €150,996 | -€24 | 0.0% |
| Tangible fixed assets | 22/27 | €151,020 | €150,996 | -€24 | 0.0% |
| Land and buildings | 22 | €130,851 | €126,537 | -€4,314 | -3.3% |
| Plant, machinery and equipment | 23 | €20,169 | €23,802 | +€3,633 | +18.0% |
| Furniture and vehicles | 24 | - | €657 | +€657 | |
| Current assets | 29/58 | €13,777 | €15,029 | +€1,252 | +9.1% |
| Amounts receivable within one year | 40/41 | €1,576 | €1,301 | -€275 | -17.4% |
| Trade receivables | 40 | €1,576 | €1,301 | -€275 | -17.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,129 | €10,486 | +€2,357 | +29.0% |
| Deferred charges and accrued income | 490/1 | €4,073 | €3,243 | -€830 | -20.4% |
| Total equity and liabilities | 10/49 | €164,798 | €166,025 | +€1,228 | +0.7% |
| Equity | 10/15 | €22,469 | €35,795 | +€13,325 | +59.3% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €22,469 | €35,795 | +€13,325 | +59.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €22,469 | €35,795 | +€13,325 | +59.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €142,328 | €130,231 | -€12,098 | -8.5% |
| Amounts payable after more than one year | 17 | €120,597 | €110,032 | -€10,565 | -8.8% |
| Financial debts | 170/4 | €120,597 | €110,032 | -€10,565 | -8.8% |
| Amounts payable within one year | 42/48 | €21,731 | €20,199 | -€1,532 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €10,350 | €10,565 | +€215 | +2.1% |
| Trade debts | 44 | €4,408 | €4,423 | +€15 | +0.3% |
| Suppliers | 440/4 | €4,408 | €4,423 | +€15 | +0.3% |
| Taxes, remuneration and social security | 45 | €1,269 | €4,323 | +€3,054 | +240.7% |
| Taxes | 450/3 | €1,269 | €4,323 | +€3,054 | +240.7% |
| Other amounts payable | 47/48 | €5,704 | €888 | -€4,817 | -84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,488 | €10,092 | +€604 | +6.4% |
| Other operating charges | 640/8 | €1,288 | €1,261 | -€26 | -2.0% |
| Gross operating margin | 9900 | €24,708 | €33,435 | +€8,727 | +35.3% |
| Operating profit (loss) | 9901 | €13,932 | €22,081 | +€8,149 | +58.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +6950.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +6950.0% |
| Financial charges | 65/66B | €2,965 | €2,911 | -€54 | -1.8% |
| Recurring financial charges | 65 | €2,965 | €2,911 | -€54 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €10,968 | €19,172 | +€8,204 | +74.8% |
| Income taxes | 67/77 | €2,757 | €5,847 | +€3,090 | +112.1% |
| Profit (loss) for the period | 9904 | €8,211 | €13,325 | +€5,115 | +62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,211 | €13,325 | +€5,115 | +62.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.