ADER LETTRAGE: 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 LETTRAGE
Largest movements
- Cash +€15,103
up €15,103 (+29.2%), from €51,751 to €66,854
mainly Other debts (+€14,674) and Receivables within one year (+€10,736)
- Receivables within one year -€10,736
down €10,736 (-57.3%), from €18,743 to €8,008
of which Trade receivables: -€8,252
- Tangible fixed assets +€2,609
up €2,609 (+22.4%), from €11,629 to €14,238
of which Furniture and vehicles: +€4,166
- Other debts +€14,674
up €14,674 (+554.7%), from €2,645 to €17,319
- Reserves -€6,407
down €6,407 (-20.5%), from €31,237 to €24,830
of which Distributable reserves: -€6,407
- Trade debts +€1,303
up €1,303 (+19.2%), from €6,785 to €8,089
- Tax, wage and social debts -€1,232
down €1,232 (-28.0%), from €4,401 to €3,169
- Taxes +€3,685
up €3,685 (+1055.0%), from €349 to €4,035
- Gross operating margin +€2,723
up €2,723 (+14.7%), from €18,537 to €21,260
- Depreciation -€703
down €703 (-10.6%), from €6,598 to €5,895
- Financial income +€217
up €217 (+188.9%), from €115 to €331
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 | €99,512 | €107,851 | +€8,339 | +8.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €11,629 | €14,238 | +€2,609 | +22.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €11,629 | €14,238 | +€2,609 | +22.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,714 | €12,881 | +€4,166 | +47.8% |
| Other tangible fixed assets | 26 | €2,915 | €1,357 | -€1,557 | -53.4% |
| Current assets | 29/58 | €87,883 | €93,613 | +€5,730 | +6.5% |
| Stocks and contracts in progress | 3 | €16,195 | €16,802 | +€608 | +3.8% |
| Stocks | 30/36 | €16,195 | €16,802 | +€608 | +3.8% |
| Amounts receivable within one year | 40/41 | €18,743 | €8,008 | -€10,736 | -57.3% |
| Trade receivables | 40 | €14,204 | €5,952 | -€8,252 | -58.1% |
| Other amounts receivable | 41 | €4,539 | €2,055 | -€2,484 | -54.7% |
| Cash at bank and in hand | 54/58 | €51,751 | €66,854 | +€15,103 | +29.2% |
| Deferred charges and accrued income | 490/1 | €1,194 | €1,949 | +€755 | +63.2% |
| Total equity and liabilities | 10/49 | €99,512 | €107,851 | +€8,339 | +8.4% |
| Equity | 10/15 | €85,681 | €79,274 | -€6,407 | -7.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €31,237 | €24,830 | -€6,407 | -20.5% |
| Tax-exempt reserves | 132 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €20,237 | €13,830 | -€6,407 | -31.7% |
| Profit (loss) carried forward | 14 | €35,852 | €35,852 | = | 0.0% |
| Amounts payable | 17/49 | €13,831 | €28,577 | +€14,746 | +106.6% |
| Amounts payable within one year | 42/48 | €13,831 | €28,577 | +€14,746 | +106.6% |
| Trade debts | 44 | €6,785 | €8,089 | +€1,303 | +19.2% |
| Suppliers | 440/4 | €6,785 | €8,089 | +€1,303 | +19.2% |
| Taxes, remuneration and social security | 45 | €4,401 | €3,169 | -€1,232 | -28.0% |
| Taxes | 450/3 | €4,401 | €3,169 | -€1,232 | -28.0% |
| Other amounts payable | 47/48 | €2,645 | €17,319 | +€14,674 | +554.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,598 | €5,895 | -€703 | -10.6% |
| Other operating charges | 640/8 | €675 | €655 | -€21 | -3.1% |
| Gross operating margin | 9900 | €18,537 | €21,260 | +€2,723 | +14.7% |
| Operating profit (loss) | 9901 | €11,264 | €14,710 | +€3,447 | +30.6% |
| Financial income | 75/76B | €115 | €331 | +€217 | +188.9% |
| Recurring financial income | 75 | €115 | €331 | +€217 | +188.9% |
| Financial charges | 65/66B | €258 | €280 | +€22 | +8.5% |
| Recurring financial charges | 65 | €258 | €280 | +€22 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €11,120 | €14,762 | +€3,641 | +32.7% |
| Income taxes | 67/77 | €349 | €4,035 | +€3,685 | +1055.0% |
| Profit (loss) for the period | 9904 | €10,771 | €10,727 | -€44 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,771 | €10,727 | -€44 | -0.4% |
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 11 October 2026 via checked.be.