ADER Brussels: 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.
ADER Brussels
Largest movements
- Receivables within one year +€26,687
up €26,687 (+670%), from €3,984 to €30,671
of which Trade receivables: +€28,572
- Cash +€17,121
up €17,121 (+81.1%), from €21,099 to €38,220
mainly Other debts (+€30,628) and Net result for the year (+€8,501)
- Deferred charges and accrued income -€4,527
no longer reported in 2025 (was €4,527)
- Tangible fixed assets -€1,156
down €1,156 (-12.8%), from €9,001 to €7,846
- Other debts +€30,628
up €30,628 (+38.4%), from €79,713 to €110,341
- Profit (loss) carried forward +€8,501
up €8,501 (+20.7%), from -€41,159 to -€32,658
- Tax, wage and social debts -€2,463
down €2,463 (-59.0%), from €4,177 to €1,714
of which Taxes: -€1,485
- Trade debts +€1,567
up €1,567 (+99.2%), from €1,580 to €3,147
- Gross operating margin +€57,141
up €57,141, from -€40,501 to €16,641
- Staff costs +€6,954
new in 2025: €6,954
- Depreciation +€526
up €526 (+83.6%), from €629 to €1,156
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 | €45,811 | €84,045 | +€38,234 | +83.5% |
| Fixed assets | 21/28 | €16,201 | €15,154 | -€1,047 | -6.5% |
| Tangible fixed assets | 22/27 | €9,001 | €7,846 | -€1,156 | -12.8% |
| Other tangible fixed assets | 26 | €9,001 | €7,846 | -€1,156 | -12.8% |
| Financial fixed assets | 28 | €7,200 | €7,309 | +€109 | +1.5% |
| Current assets | 29/58 | €29,610 | €68,890 | +€39,281 | +133% |
| Amounts receivable within one year | 40/41 | €3,984 | €30,671 | +€26,687 | +670% |
| Trade receivables | 40 | - | €28,572 | +€28,572 | |
| Other amounts receivable | 41 | €3,984 | €2,099 | -€1,885 | -47.3% |
| Cash at bank and in hand | 54/58 | €21,099 | €38,220 | +€17,121 | +81.1% |
| Deferred charges and accrued income | 490/1 | €4,527 | - | -€4,527 | |
| Total equity and liabilities | 10/49 | €45,811 | €84,045 | +€38,234 | +83.5% |
| Equity | 10/15 | -€39,659 | -€31,158 | +€8,501 | +21.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,159 | -€32,658 | +€8,501 | +20.7% |
| Amounts payable | 17/49 | €85,470 | €115,202 | +€29,733 | +34.8% |
| Amounts payable within one year | 42/48 | €85,470 | €115,202 | +€29,733 | +34.8% |
| Trade debts | 44 | €1,580 | €3,147 | +€1,567 | +99.2% |
| Suppliers | 440/4 | €1,580 | €3,147 | +€1,567 | +99.2% |
| Taxes, remuneration and social security | 45 | €4,177 | €1,714 | -€2,463 | -59.0% |
| Taxes | 450/3 | €2,177 | €692 | -€1,485 | -68.2% |
| Remuneration and social security | 454/9 | €2,000 | €1,022 | -€978 | -48.9% |
| Other amounts payable | 47/48 | €79,713 | €110,341 | +€30,628 | +38.4% |
| Remuneration, social security and pensions | 62 | - | €6,954 | +€6,954 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €629 | €1,156 | +€526 | +83.6% |
| Gross operating margin | 9900 | -€40,501 | €16,641 | +€57,141 | |
| Operating profit (loss) | 9901 | -€41,130 | €8,531 | +€49,661 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €29 | €30 | +€1 | +5.0% |
| Recurring financial charges | 65 | €29 | €30 | +€1 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€41,159 | €8,501 | +€49,660 | |
| Profit (loss) for the period | 9904 | -€41,159 | €8,501 | +€49,660 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,159 | €8,501 | +€49,660 |
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 15 October 2026 via checked.be.