ADway: 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.
ADway
Largest movements
- Cash +€9,750
up €9,750 (+13.2%), from €74,131 to €83,881
mainly Net result for the year (+€19,338) and Depreciation (+€7,420)
- Tangible fixed assets -€4,097
down €4,097 (-17.3%), from €23,697 to €19,600
of which Furniture and vehicles: -€2,967
- Receivables within one year -€3,628
down €3,628 (-27.3%), from €13,310 to €9,682
of which Trade receivables: -€11,628
- Profit (loss) carried forward +€19,338
up €19,338 (+21.3%), from €90,836 to €110,174
- Tax, wage and social debts -€19,036
down €19,036 (-94.3%), from €20,185 to €1,148
of which Taxes: -€19,036
- Gross operating margin -€45,130
down €45,130 (-57.8%), from €78,057 to €32,926
- Taxes -€8,813
down €8,813 (-59.5%), from €14,813 to €6,000
- Depreciation +€855
up €855 (+13.0%), from €6,565 to €7,420
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 | €114,550 | €115,911 | +€1,362 | +1.2% |
| Fixed assets | 21/28 | €26,003 | €21,314 | -€4,688 | -18.0% |
| Intangible fixed assets | 21 | €2,189 | €1,598 | -€591 | -27.0% |
| Tangible fixed assets | 22/27 | €23,697 | €19,600 | -€4,097 | -17.3% |
| Land and buildings | 22 | €5,320 | €4,190 | -€1,130 | -21.2% |
| Furniture and vehicles | 24 | €18,377 | €15,410 | -€2,967 | -16.1% |
| Financial fixed assets | 28 | €117 | €117 | = | 0.0% |
| Current assets | 29/58 | €88,547 | €94,597 | +€6,050 | +6.8% |
| Amounts receivable within one year | 40/41 | €13,310 | €9,682 | -€3,628 | -27.3% |
| Trade receivables | 40 | €13,310 | €1,682 | -€11,628 | -87.4% |
| Other amounts receivable | 41 | €0 | €8,000 | +€8,000 | |
| Cash at bank and in hand | 54/58 | €74,131 | €83,881 | +€9,750 | +13.2% |
| Deferred charges and accrued income | 490/1 | €1,107 | €1,035 | -€72 | -6.5% |
| Total equity and liabilities | 10/49 | €114,550 | €115,911 | +€1,362 | +1.2% |
| Equity | 10/15 | €92,836 | €112,174 | +€19,338 | +20.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,836 | €110,174 | +€19,338 | +21.3% |
| Amounts payable | 17/49 | €21,713 | €3,737 | -€17,977 | -82.8% |
| Amounts payable within one year | 42/48 | €21,713 | €3,737 | -€17,977 | -82.8% |
| Trade debts | 44 | €1,319 | €2,289 | +€971 | +73.6% |
| Suppliers | 440/4 | €1,319 | €2,289 | +€971 | +73.6% |
| Taxes, remuneration and social security | 45 | €20,185 | €1,148 | -€19,036 | -94.3% |
| Taxes | 450/3 | €20,185 | €1,148 | -€19,036 | -94.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €210 | €300 | +€89 | +42.5% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,565 | €7,420 | +€855 | +13.0% |
| Other operating charges | 640/8 | €106 | €170 | +€63 | +59.7% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | €78,057 | €32,926 | -€45,130 | -57.8% |
| Operating profit (loss) | 9901 | €71,386 | €25,336 | -€46,049 | -64.5% |
| Financial income | 75/76B | - | €58 | +€58 | |
| Recurring financial income | 75 | - | €58 | +€58 | |
| Financial charges | 65/66B | €55 | €57 | +€2 | +3.0% |
| Recurring financial charges | 65 | €55 | €57 | +€2 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €71,331 | €25,338 | -€45,993 | -64.5% |
| Income taxes | 67/77 | €14,813 | €6,000 | -€8,813 | -59.5% |
| Profit (loss) for the period | 9904 | €56,518 | €19,338 | -€37,180 | -65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,518 | €19,338 | -€37,180 | -65.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.