ADN: 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.
What changed
ADN
NACE 59.120, Post-production of films, video and television programmes
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€22,997
2024 · €11,396-€34,393
Equity
€363,706
2024 · €392,596-€28,890
Cash
€48,561
2024 · €45,211+€3,349
Balance sheet total
€565,863
2024 · €601,379-€35,516
Largest movements
Assets
- Tangible fixed assets -€37,784
down €37,784 (-8.1%), from €464,523 to €426,738
of which Land and buildings: -€25,093
Equity and liabilities
- Trade debts +€45,065
up €45,065 (+58.0%), from €77,659 to €122,724
- Current portion of long-term debt -€26,912
down €26,912 (-57.9%), from €46,495 to €19,583
- Debts after one year -€19,583
no longer reported in 2025 (was €19,583)
- Profit (loss) carried forward -€18,491
down €18,491 (-12.4%), from €148,674 to €130,183
Income statement
- Gross operating margin -€43,412
down €43,412 (-26.6%), from €163,131 to €119,719
- Taxes -€8,315
down €8,315 (-97.0%), from €8,569 to €254
- Other operating charges -€2,783
down €2,783 (-15.9%), from €17,467 to €14,684
- Financial charges -€1,704
down €1,704 (-79.7%), from €2,138 to €434
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.
Result 2024
€11,396
Gross operating margin
-€43,412
Staff costs
-€1,321
Depreciation
-€1,219
Write-downs
-€1,167
Other operating charges
+€2,783
Financial income
-€76
Financial charges
+€1,704
Taxes
+€8,315
Result 2025
-€22,997
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.
From operations
+€61,533
Investment
-€5,795
Financing
-€52,388
Cash 2024
€45,211
From operations (derived)
+€61,533
Net result for the year
-€22,997
Depreciation
+€44,179
Receivables within one year
+€889
Deferred charges and accrued income
-€408
Provisions
-€2,320
Trade debts
+€45,065
Tax, wage and social debts
-€1,017
Advances received
-€1,010
Accrued charges and deferred income
-€848
Investment (derived)
-€5,795
Investment in fixed assets (net)
-€5,795
Financing
-€52,388
Debts after one year
-€19,583
Current portion of long-term debt
-€26,912
Contributions, distributions and other
-€5,893
Cash 2025
€48,561
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €601,379 | €565,863 | -€35,516 | -5.9% |
| Formation expenses | 20 | €6,914 | €6,314 | -€600 | -8.7% |
| Fixed assets | 21/28 | €465,142 | €427,358 | -€37,784 | -8.1% |
| Tangible fixed assets | 22/27 | €464,523 | €426,738 | -€37,784 | -8.1% |
| Land and buildings | 22 | €427,846 | €402,754 | -€25,093 | -5.9% |
| Plant, machinery and equipment | 23 | €26,531 | €17,377 | -€9,154 | -34.5% |
| Furniture and vehicles | 24 | €10,145 | €6,608 | -€3,537 | -34.9% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €129,323 | €132,191 | +€2,868 | +2.2% |
| Amounts receivable within one year | 40/41 | €83,484 | €82,595 | -€889 | -1.1% |
| Trade receivables | 40 | €61,286 | €68,250 | +€6,963 | +11.4% |
| Other amounts receivable | 41 | €22,198 | €14,346 | -€7,852 | -35.4% |
| Cash at bank and in hand | 54/58 | €45,211 | €48,561 | +€3,349 | +7.4% |
| Deferred charges and accrued income | 490/1 | €628 | €1,035 | +€408 | +64.9% |
| Total equity and liabilities | 10/49 | €601,379 | €565,863 | -€35,516 | -5.9% |
| Equity | 10/15 | €392,596 | €363,706 | -€28,890 | -7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €204,696 | €200,189 | -€4,506 | -2.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €81,112 | €76,606 | -€4,506 | -5.6% |
| Distributable reserves | 133 | €121,725 | €121,725 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,674 | €130,183 | -€18,491 | -12.4% |
| Investment grants | 15 | €20,635 | €14,742 | -€5,893 | -28.6% |
| Provisions and deferred taxes | 16 | €41,766 | €39,446 | -€2,320 | -5.6% |
| Deferred taxes | 168 | €41,766 | €39,446 | -€2,320 | -5.6% |
| Amounts payable | 17/49 | €167,017 | €162,711 | -€4,306 | -2.6% |
| Amounts payable after more than one year | 17 | €19,583 | - | -€19,583 | |
| Financial debts | 170/4 | €19,583 | - | -€19,583 | |
| Amounts payable within one year | 42/48 | €143,500 | €159,625 | +€16,125 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €46,495 | €19,583 | -€26,912 | -57.9% |
| Trade debts | 44 | €77,659 | €122,724 | +€45,065 | +58.0% |
| Suppliers | 440/4 | €77,659 | €122,724 | +€45,065 | +58.0% |
| Advances received on contracts in progress | 46 | €2,278 | €1,268 | -€1,010 | -44.3% |
| Taxes, remuneration and social security | 45 | €15,215 | €14,198 | -€1,017 | -6.7% |
| Taxes | 450/3 | €4,878 | €3,824 | -€1,054 | -21.6% |
| Remuneration and social security | 454/9 | €10,336 | €10,374 | +€37 | +0.4% |
| Other amounts payable | 47/48 | €1,852 | €1,852 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,934 | €3,086 | -€848 | -21.6% |
| Remuneration, social security and pensions | 62 | €87,473 | €88,794 | +€1,321 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,960 | €44,179 | +€1,219 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,140 | €3,307 | +€1,167 | +54.5% |
| Other operating charges | 640/8 | €17,467 | €14,684 | -€2,783 | -15.9% |
| Gross operating margin | 9900 | €163,131 | €119,719 | -€43,412 | -26.6% |
| Operating profit (loss) | 9901 | €13,091 | -€31,246 | -€44,336 | |
| Financial income | 75/76B | €6,692 | €6,617 | -€76 | -1.1% |
| Recurring financial income | 75 | €6,692 | €6,617 | -€76 | -1.1% |
| Financial charges | 65/66B | €2,138 | €434 | -€1,704 | -79.7% |
| Recurring financial charges | 65 | €2,138 | €434 | -€1,704 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €17,645 | -€25,063 | -€42,708 | |
| Transfer from deferred taxes | 780 | €2,320 | €2,320 | = | 0.0% |
| Income taxes | 67/77 | €8,569 | €254 | -€8,315 | -97.0% |
| Profit (loss) for the period | 9904 | €11,396 | -€22,997 | -€34,393 | |
| Transfer from tax-exempt reserves | 789 | €4,506 | €4,506 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,902 | -€18,491 | -€34,393 |
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 28 September 2026 via checked.be.