Advanced Development and Asset Management: what changed
Advanced Development and Asset Management
Largest movements
- Cash +€2,178
up €2,178 (+28.9%), from €7,544 to €9,722
mainly Depreciation (+€3,049) and Receivables within one year (+€768)
- Tangible fixed assets -€1,544
down €1,544 (-21.3%), from €7,262 to €5,718
of which Furniture and vehicles: -€1,671
- Receivables within one year -€768
down €768 (-31.7%), from €2,420 to €1,652
- Tax, wage and social debts +€285
up €285 (+17.5%), from €1,627 to €1,912
- Profit (loss) carried forward -€242
down €242 (-6.0%), from -€4,005 to -€4,247
- Trade debts -€177
down €177 (-26.0%), from €683 to €506
- Depreciation +€965
up €965 (+46.3%), from €2,083 to €3,049
- Taxes -€500
down €500 (-50.0%), from €1,000 to €500
- Gross operating margin +€210
up €210 (+5.9%), from €3,594 to €3,804
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,227 | €17,092 | -€134 | -0.8% |
| Fixed assets | 21/28 | €7,262 | €5,718 | -€1,544 | -21.3% |
| Tangible fixed assets | 22/27 | €7,262 | €5,718 | -€1,544 | -21.3% |
| Land and buildings | 22 | €3,841 | €2,930 | -€911 | -23.7% |
| Plant, machinery and equipment | 23 | €1,273 | €2,312 | +€1,038 | +81.5% |
| Furniture and vehicles | 24 | €2,148 | €476 | -€1,671 | -77.8% |
| Current assets | 29/58 | €9,964 | €11,374 | +€1,410 | +14.1% |
| Amounts receivable within one year | 40/41 | €2,420 | €1,652 | -€768 | -31.7% |
| Trade receivables | 40 | €2,420 | €1,652 | -€768 | -31.7% |
| Cash at bank and in hand | 54/58 | €7,544 | €9,722 | +€2,178 | +28.9% |
| Total equity and liabilities | 10/49 | €17,227 | €17,092 | -€134 | -0.8% |
| Equity | 10/15 | €3,807 | €3,565 | -€242 | -6.4% |
| Contributions | 10/11 | €7,812 | €7,812 | = | 0.0% |
| Capital | 10 | €7,812 | €7,812 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €10,788 | €10,788 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,005 | -€4,247 | -€242 | -6.0% |
| Amounts payable | 17/49 | €13,419 | €13,527 | +€108 | +0.8% |
| Amounts payable within one year | 42/48 | €13,419 | €13,527 | +€108 | +0.8% |
| Trade debts | 44 | €683 | €506 | -€177 | -26.0% |
| Suppliers | 440/4 | €683 | €506 | -€177 | -26.0% |
| Taxes, remuneration and social security | 45 | €1,627 | €1,912 | +€285 | +17.5% |
| Taxes | 450/3 | €1,627 | €1,912 | +€285 | +17.5% |
| Other amounts payable | 47/48 | €11,109 | €11,109 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,083 | €3,049 | +€965 | +46.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €3,594 | €3,804 | +€210 | +5.9% |
| Operating profit (loss) | 9901 | €1,123 | €356 | -€767 | -68.3% |
| Financial charges | 65/66B | €119 | €98 | -€22 | -18.0% |
| Recurring financial charges | 65 | €119 | €98 | -€22 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €1,004 | €258 | -€746 | -74.3% |
| Income taxes | 67/77 | €1,000 | €500 | -€500 | -50.0% |
| Profit (loss) for the period | 9904 | €4 | -€242 | -€246 | |
| Profit (loss) for the period to be appropriated | 9905 | €4 | -€242 | -€246 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.