ADS: 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.
ADS
Largest movements
- Receivables within one year +€6,788
up €6,788 (+361.5%), from €1,878 to €8,665
of which Trade receivables: +€6,024
- Cash +€4,998
up €4,998 (+1708.9%), from €293 to €5,291
mainly Net result for the year (+€12,988) and Tax, wage and social debts (+€3,770)
- Tangible fixed assets -€1,322
down €1,322 (-25.0%), from €5,289 to €3,967
- Profit (loss) carried forward +€12,988
up €12,988, from -€5,475 to €7,514
- Other debts -€4,360
down €4,360 (-39.6%), from €11,000 to €6,640
- Tax, wage and social debts +€3,770
new in 2025: €3,770
of which Remuneration and social security: +€2,360
- Trade debts -€1,934
no longer reported in 2025 (was €1,934)
- Gross operating margin +€60,572
up €60,572, from -€2,440 to €58,132
- Staff costs +€43,349
up €43,349 (+10891.8%), from €398 to €43,747
- Other operating charges -€1,279
no longer reported in 2025 (was €1,279)
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 | €7,459 | €17,923 | +€10,464 | +140.3% |
| Fixed assets | 21/28 | €5,289 | €3,967 | -€1,322 | -25.0% |
| Tangible fixed assets | 22/27 | €5,289 | €3,967 | -€1,322 | -25.0% |
| Furniture and vehicles | 24 | €5,289 | €3,967 | -€1,322 | -25.0% |
| Current assets | 29/58 | €2,170 | €13,956 | +€11,786 | +543.1% |
| Amounts receivable within one year | 40/41 | €1,878 | €8,665 | +€6,788 | +361.5% |
| Trade receivables | 40 | - | €6,024 | +€6,024 | |
| Other amounts receivable | 41 | €1,878 | €2,641 | +€764 | +40.7% |
| Cash at bank and in hand | 54/58 | €293 | €5,291 | +€4,998 | +1708.9% |
| Total equity and liabilities | 10/49 | €7,459 | €17,923 | +€10,464 | +140.3% |
| Equity | 10/15 | -€5,475 | €7,514 | +€12,988 | |
| Profit (loss) carried forward | 14 | -€5,475 | €7,514 | +€12,988 | |
| Amounts payable | 17/49 | €12,934 | €10,410 | -€2,524 | -19.5% |
| Amounts payable within one year | 42/48 | €12,934 | €10,410 | -€2,524 | -19.5% |
| Trade debts | 44 | €1,934 | - | -€1,934 | |
| Suppliers | 440/4 | €1,934 | - | -€1,934 | |
| Taxes, remuneration and social security | 45 | - | €3,770 | +€3,770 | |
| Taxes | 450/3 | - | €1,410 | +€1,410 | |
| Remuneration and social security | 454/9 | - | €2,360 | +€2,360 | |
| Other amounts payable | 47/48 | €11,000 | €6,640 | -€4,360 | -39.6% |
| Remuneration, social security and pensions | 62 | €398 | €43,747 | +€43,349 | +10891.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,322 | €1,322 | = | 0.0% |
| Other operating charges | 640/8 | €1,279 | - | -€1,279 | |
| Gross operating margin | 9900 | -€2,440 | €58,132 | +€60,572 | |
| Operating profit (loss) | 9901 | -€5,440 | €13,062 | +€18,502 | |
| Financial charges | 65/66B | €35 | €74 | +€39 | +111.5% |
| Recurring financial charges | 65 | €35 | €74 | +€39 | +111.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,475 | €12,988 | +€18,463 | |
| Profit (loss) for the period | 9904 | -€5,475 | €12,988 | +€18,463 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,475 | €12,988 | +€18,463 |
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 29 September 2026 via checked.be.