ADG STUDIOS: 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.
ADG STUDIOS
Largest movements
- Receivables within one year +€15,239
up €15,239 (+464.8%), from €3,279 to €18,518
of which Trade receivables: +€15,258
- Cash +€10,756
up €10,756 (+349.0%), from €3,082 to €13,838
mainly Net result for the year (+€16,078) and Depreciation (+€6,128)
- Tangible fixed assets -€4,492
down €4,492 (-38.6%), from €11,638 to €7,146
- Reserves +€9,878
up €9,878 (+111.0%), from €8,900 to €18,778
- Profit (loss) carried forward +€6,200
up €6,200, from -€6,176 to €25
- Tax, wage and social debts +€4,298
up €4,298 (+41.9%), from €10,268 to €14,565
of which Taxes: +€8,208
- Trade debts +€2,646
new in 2025: €2,646
- Other debts -€1,519
down €1,519 (-38.9%), from €3,907 to €2,388
- Gross operating margin +€28,347
up €28,347 (+12896.3%), from €220 to €28,567
- Taxes +€5,672
new in 2025: €5,672
- Other operating charges +€331
up €331 (+187.5%), from €177 to €508
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 | €18,399 | €39,902 | +€21,503 | +116.9% |
| Fixed assets | 21/28 | €12,038 | €7,546 | -€4,492 | -37.3% |
| Tangible fixed assets | 22/27 | €11,638 | €7,146 | -€4,492 | -38.6% |
| Furniture and vehicles | 24 | €11,638 | €7,146 | -€4,492 | -38.6% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €6,361 | €32,356 | +€25,995 | +408.7% |
| Amounts receivable within one year | 40/41 | €3,279 | €18,518 | +€15,239 | +464.8% |
| Trade receivables | 40 | €3,260 | €18,518 | +€15,258 | +468.0% |
| Other amounts receivable | 41 | €19 | - | -€19 | |
| Cash at bank and in hand | 54/58 | €3,082 | €13,838 | +€10,756 | +349.0% |
| Total equity and liabilities | 10/49 | €18,399 | €39,902 | +€21,503 | +116.9% |
| Equity | 10/15 | €4,224 | €20,303 | +€16,078 | +380.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €8,900 | €18,778 | +€9,878 | +111.0% |
| Distributable reserves | 133 | €8,900 | €18,778 | +€9,878 | +111.0% |
| Profit (loss) carried forward | 14 | -€6,176 | €25 | +€6,200 | |
| Amounts payable | 17/49 | €14,174 | €19,599 | +€5,425 | +38.3% |
| Amounts payable within one year | 42/48 | €14,174 | €19,599 | +€5,425 | +38.3% |
| Trade debts | 44 | - | €2,646 | +€2,646 | |
| Suppliers | 440/4 | - | €2,646 | +€2,646 | |
| Taxes, remuneration and social security | 45 | €10,268 | €14,565 | +€4,298 | +41.9% |
| Taxes | 450/3 | €6,358 | €14,565 | +€8,208 | +129.1% |
| Remuneration and social security | 454/9 | €3,910 | - | -€3,910 | |
| Other amounts payable | 47/48 | €3,907 | €2,388 | -€1,519 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,973 | €6,128 | +€154 | +2.6% |
| Other operating charges | 640/8 | €177 | €508 | +€331 | +187.5% |
| Gross operating margin | 9900 | €220 | €28,567 | +€28,347 | +12896.3% |
| Operating profit (loss) | 9901 | -€5,930 | €21,932 | +€27,862 | |
| Financial income | 75/76B | €28 | - | -€28 | |
| Recurring financial income | 75 | €28 | - | -€28 | |
| Financial charges | 65/66B | €274 | €182 | -€93 | -33.8% |
| Recurring financial charges | 65 | €274 | €182 | -€93 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,177 | €21,750 | +€27,927 | |
| Income taxes | 67/77 | - | €5,672 | +€5,672 | |
| Profit (loss) for the period | 9904 | -€6,177 | €16,078 | +€22,255 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,177 | €16,078 | +€22,255 |
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 2 October 2026 via checked.be.