AdNet: 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.
AdNet
Largest movements
- Receivables within one year +€51,557
up €51,557 (+456.1%), from €11,303 to €62,860
of which Trade receivables: +€54,289
- Cash -€39,979
down €39,979 (-90.9%), from €43,987 to €4,008
mainly Receivables within one year (-€51,557) and Contributions, distributions and other (-€50,000)
- Tangible fixed assets -€1,754
down €1,754 (-19.4%), from €9,042 to €7,288
of which Plant, machinery and equipment: -€2,247
- Other debts +€19,561
up €19,561 (+61.9%), from €31,609 to €51,170
- Reserves -€5,269
down €5,269 (-31.9%), from €16,492 to €11,223
- Tax, wage and social debts -€4,342
down €4,342 (-28.7%), from €15,105 to €10,763
of which Taxes: -€5,884
- Gross operating margin +€4,848
up €4,848 (+8.2%), from €58,985 to €63,833
- Taxes +€4,197
up €4,197 (+37.0%), from €11,335 to €15,532
- Financial income -€2,950
down €2,950 (-100.0%), from €2,950 to €0
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 | €64,333 | €74,156 | +€9,824 | +15.3% |
| Fixed assets | 21/28 | €9,042 | €7,288 | -€1,754 | -19.4% |
| Tangible fixed assets | 22/27 | €9,042 | €7,288 | -€1,754 | -19.4% |
| Plant, machinery and equipment | 23 | €8,352 | €6,104 | -€2,247 | -26.9% |
| Furniture and vehicles | 24 | €690 | €1,184 | +€494 | +71.5% |
| Current assets | 29/58 | €55,291 | €66,868 | +€11,578 | +20.9% |
| Amounts receivable within one year | 40/41 | €11,303 | €62,860 | +€51,557 | +456.1% |
| Trade receivables | 40 | €8,571 | €62,860 | +€54,289 | +633.4% |
| Other amounts receivable | 41 | €2,732 | €0 | -€2,732 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €43,987 | €4,008 | -€39,979 | -90.9% |
| Total equity and liabilities | 10/49 | €64,333 | €74,156 | +€9,824 | +15.3% |
| Equity | 10/15 | €17,492 | €12,223 | -€5,269 | -30.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €16,492 | €11,223 | -€5,269 | -31.9% |
| Distributable reserves | 133 | €16,492 | €11,223 | -€5,269 | -31.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,840 | €61,933 | +€15,093 | +32.2% |
| Amounts payable within one year | 42/48 | €46,840 | €61,933 | +€15,093 | +32.2% |
| Trade debts | 44 | €126 | €0 | -€126 | -100.0% |
| Suppliers | 440/4 | €126 | €0 | -€126 | -100.0% |
| Taxes, remuneration and social security | 45 | €15,105 | €10,763 | -€4,342 | -28.7% |
| Taxes | 450/3 | €13,660 | €7,776 | -€5,884 | -43.1% |
| Remuneration and social security | 454/9 | €1,445 | €2,987 | +€1,542 | +106.7% |
| Other amounts payable | 47/48 | €31,609 | €51,170 | +€19,561 | +61.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,633 | €2,936 | +€303 | +11.5% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €58,985 | €63,833 | +€4,848 | +8.2% |
| Operating profit (loss) | 9901 | €55,839 | €60,370 | +€4,530 | +8.1% |
| Financial income | 75/76B | €2,950 | €0 | -€2,950 | -100.0% |
| Recurring financial income | 75 | €2,950 | €0 | -€2,950 | -100.0% |
| Financial charges | 65/66B | €44 | €107 | +€63 | +144.9% |
| Recurring financial charges | 65 | €44 | €107 | +€63 | +144.9% |
| Profit (loss) for the period before taxes | 9903 | €58,746 | €60,263 | +€1,517 | +2.6% |
| Income taxes | 67/77 | €11,335 | €15,532 | +€4,197 | +37.0% |
| Profit (loss) for the period | 9904 | €47,411 | €44,731 | -€2,680 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,411 | €44,731 | -€2,680 | -5.7% |
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 12 October 2026 via checked.be.