ADS-NETSERV: 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-NETSERV
Largest movements
- Current investments -€9,524
no longer reported in 2025 (was €9,524)
- Tangible fixed assets +€2,402
up €2,402 (+53.3%), from €4,509 to €6,911
- Receivables within one year +€1,225
up €1,225 (+5.9%), from €20,929 to €22,154
of which Other amounts receivable: +€752
- Cash +€548
new in 2025: €548
mainly Current investments (+€9,524) and Depreciation (+€3,676)
- Profit (loss) carried forward -€8,452
down €8,452 (-50.9%), from -€16,596 to -€25,048
- Trade debts +€2,726
up €2,726 (+9.9%), from €27,651 to €30,377
- Other debts +€1,080
up €1,080 (+27.9%), from €3,865 to €4,945
- Tax, wage and social debts -€703
down €703 (-83.5%), from €842 to €139
of which Taxes: -€842
- Gross operating margin -€8,287
down €8,287, from €4,021 to -€4,266
- Depreciation +€912
up €912 (+33.0%), from €2,764 to €3,676
- Other operating charges -€329
down €329 (-52.3%), from €629 to €300
- Financial charges -€134
down €134 (-75.8%), from €176 to €43
- Taxes -€93
down €93 (-40.2%), from €232 to €139
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 | €35,012 | €29,662 | -€5,350 | -15.3% |
| Fixed assets | 21/28 | €4,559 | €6,961 | +€2,402 | +52.7% |
| Tangible fixed assets | 22/27 | €4,509 | €6,911 | +€2,402 | +53.3% |
| Furniture and vehicles | 24 | €4,509 | €6,911 | +€2,402 | +53.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €30,453 | €22,702 | -€7,751 | -25.5% |
| Amounts receivable within one year | 40/41 | €20,929 | €22,154 | +€1,225 | +5.9% |
| Trade receivables | 40 | €20,929 | €21,402 | +€473 | +2.3% |
| Other amounts receivable | 41 | - | €752 | +€752 | |
| Current investments | 50/53 | €9,524 | - | -€9,524 | |
| Cash at bank and in hand | 54/58 | - | €548 | +€548 | |
| Total equity and liabilities | 10/49 | €35,012 | €29,662 | -€5,350 | -15.3% |
| Equity | 10/15 | €2,654 | -€5,798 | -€8,452 | |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,596 | -€25,048 | -€8,452 | -50.9% |
| Amounts payable | 17/49 | €32,358 | €35,461 | +€3,103 | +9.6% |
| Amounts payable within one year | 42/48 | €32,358 | €35,461 | +€3,103 | +9.6% |
| Trade debts | 44 | €27,651 | €30,377 | +€2,726 | +9.9% |
| Suppliers | 440/4 | €27,651 | €30,377 | +€2,726 | +9.9% |
| Taxes, remuneration and social security | 45 | €842 | €139 | -€703 | -83.5% |
| Taxes | 450/3 | €842 | - | -€842 | |
| Remuneration and social security | 454/9 | - | €139 | +€139 | |
| Other amounts payable | 47/48 | €3,865 | €4,945 | +€1,080 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,764 | €3,676 | +€912 | +33.0% |
| Other operating charges | 640/8 | €629 | €300 | -€329 | -52.3% |
| Non-recurring operating charges | 66A | €63 | €63 | +€0 | +0.5% |
| Gross operating margin | 9900 | €4,021 | -€4,266 | -€8,287 | |
| Operating profit (loss) | 9901 | €564 | -€8,306 | -€8,870 | |
| Financial income | 75/76B | - | €35 | +€35 | |
| Recurring financial income | 75 | - | €35 | +€35 | |
| Non-recurring financial income | 76B | - | €35 | +€35 | |
| Financial charges | 65/66B | €176 | €43 | -€134 | -75.8% |
| Recurring financial charges | 65 | €176 | €43 | -€134 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €388 | -€8,314 | -€8,702 | |
| Income taxes | 67/77 | €232 | €139 | -€93 | -40.2% |
| Profit (loss) for the period | 9904 | €156 | -€8,452 | -€8,609 | |
| Profit (loss) for the period to be appropriated | 9905 | €156 | -€8,452 | -€8,609 |
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 4 October 2026 via checked.be.