AdItVelU: 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.
AdItVelU
Largest movements
- Current investments +€24,000
new in 2025: €24,000
- Receivables within one year +€8,416
up €8,416 (+24.0%), from €35,007 to €43,423
of which Trade receivables: +€6,555
- Cash -€8,395
down €8,395 (-1.5%), from €567,095 to €558,700
mainly Contributions, distributions and other (-€228,393) and Current investments (-€24,000)
- Other debts +€125,690
up €125,690 (+2033.6%), from €6,181 to €131,871
- Reserves -€105,057
down €105,057 (-18.0%), from €582,542 to €477,485
- Gross operating margin +€23,835
up €23,835 (+17.2%), from €138,662 to €162,497
- Taxes +€5,919
up €5,919 (+19.9%), from €29,744 to €35,662
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 | €612,095 | €634,447 | +€22,352 | +3.7% |
| Fixed assets | 21/28 | €9,334 | €6,958 | -€2,376 | -25.5% |
| Tangible fixed assets | 22/27 | €9,334 | €6,958 | -€2,376 | -25.5% |
| Furniture and vehicles | 24 | €9,334 | €6,958 | -€2,376 | -25.5% |
| Current assets | 29/58 | €602,760 | €627,489 | +€24,728 | +4.1% |
| Amounts receivable within one year | 40/41 | €35,007 | €43,423 | +€8,416 | +24.0% |
| Trade receivables | 40 | €24,731 | €31,286 | +€6,555 | +26.5% |
| Other amounts receivable | 41 | €10,275 | €12,137 | +€1,861 | +18.1% |
| Current investments | 50/53 | - | €24,000 | +€24,000 | |
| Cash at bank and in hand | 54/58 | €567,095 | €558,700 | -€8,395 | -1.5% |
| Deferred charges and accrued income | 490/1 | €659 | €1,365 | +€707 | +107.4% |
| Total equity and liabilities | 10/49 | €612,095 | €634,447 | +€22,352 | +3.7% |
| Equity | 10/15 | €587,542 | €482,485 | -€105,057 | -17.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €582,542 | €477,485 | -€105,057 | -18.0% |
| Distributable reserves | 133 | €582,542 | €477,485 | -€105,057 | -18.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,553 | €151,963 | +€127,409 | +518.9% |
| Amounts payable within one year | 42/48 | €23,964 | €151,540 | +€127,576 | +532.4% |
| Trade debts | 44 | €1,171 | €1,627 | +€455 | +38.9% |
| Suppliers | 440/4 | €1,171 | €1,627 | +€455 | +38.9% |
| Taxes, remuneration and social security | 45 | €16,612 | €18,043 | +€1,431 | +8.6% |
| Taxes | 450/3 | €13,188 | €13,231 | +€43 | +0.3% |
| Remuneration and social security | 454/9 | €3,424 | €4,812 | +€1,388 | +40.6% |
| Other amounts payable | 47/48 | €6,181 | €131,871 | +€125,690 | +2033.6% |
| Accrued charges and deferred income | 492/3 | €589 | €422 | -€167 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,008 | €2,376 | +€368 | +18.3% |
| Other operating charges | 640/8 | €920 | €803 | -€117 | -12.8% |
| Gross operating margin | 9900 | €138,662 | €162,497 | +€23,835 | +17.2% |
| Operating profit (loss) | 9901 | €135,734 | €159,318 | +€23,584 | +17.4% |
| Financial income | 75/76B | €0 | €143 | +€143 | |
| Recurring financial income | 75 | €0 | €143 | +€143 | |
| Financial charges | 65/66B | €934 | €463 | -€471 | -50.4% |
| Recurring financial charges | 65 | €934 | €463 | -€471 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €134,800 | €158,998 | +€24,198 | +18.0% |
| Income taxes | 67/77 | €29,744 | €35,662 | +€5,919 | +19.9% |
| Profit (loss) for the period | 9904 | €105,057 | €123,336 | +€18,279 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €105,057 | €123,336 | +€18,279 | +17.4% |
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.