ADY: 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.
ADY
Largest movements
- Cash +€40,026
up €40,026 (+167.0%), from €23,973 to €63,999
mainly Provisions (+€50,288) and Net result for the year (+€21,346)
- Receivables within one year +€22,828
up €22,828 (+64.8%), from €35,231 to €58,059
of which Other amounts receivable: +€13,828
- Tangible fixed assets -€13,360
down €13,360 (-91.3%), from €14,639 to €1,279
- Provisions +€50,288
new in 2025: €50,288
- Reserves +€21,346
up €21,346 (+96.0%), from €22,228 to €43,574
- Debts after one year -€10,837
down €10,837 (-100.0%), from €10,837 to €0
- Trade debts -€8,487
down €8,487 (-57.4%), from €14,799 to €6,312
- Gross operating margin +€58,462
up €58,462 (+231.3%), from €25,276 to €83,738
- Provisions +€50,288
new in 2025: €50,288
- Depreciation -€9,071
down €9,071 (-94.3%), from €9,622 to €551
- Taxes +€5,281
up €5,281 (+102.4%), from €5,154 to €10,435
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 | €74,761 | €124,728 | +€49,967 | +66.8% |
| Fixed assets | 21/28 | €14,919 | €1,559 | -€13,360 | -89.5% |
| Tangible fixed assets | 22/27 | €14,639 | €1,279 | -€13,360 | -91.3% |
| Furniture and vehicles | 24 | €14,639 | €1,279 | -€13,360 | -91.3% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €59,842 | €123,169 | +€63,327 | +105.8% |
| Amounts receivable within one year | 40/41 | €35,231 | €58,059 | +€22,828 | +64.8% |
| Trade receivables | 40 | - | €9,000 | +€9,000 | |
| Other amounts receivable | 41 | €35,231 | €49,059 | +€13,828 | +39.2% |
| Cash at bank and in hand | 54/58 | €23,973 | €63,999 | +€40,026 | +167.0% |
| Deferred charges and accrued income | 490/1 | €637 | €1,111 | +€473 | +74.3% |
| Total equity and liabilities | 10/49 | €74,761 | €124,728 | +€49,967 | +66.8% |
| Equity | 10/15 | €28,728 | €50,074 | +€21,346 | +74.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €22,228 | €43,574 | +€21,346 | +96.0% |
| Distributable reserves | 133 | €22,228 | €43,574 | +€21,346 | +96.0% |
| Provisions and deferred taxes | 16 | - | €50,288 | +€50,288 | |
| Provisions for liabilities and charges | 160/5 | - | €50,288 | +€50,288 | |
| Other liabilities and charges | 164/5 | - | €50,288 | +€50,288 | |
| Amounts payable | 17/49 | €46,033 | €24,366 | -€21,667 | -47.1% |
| Amounts payable after more than one year | 17 | €10,837 | €0 | -€10,837 | -100.0% |
| Financial debts | 170/4 | €10,837 | €0 | -€10,837 | -100.0% |
| Amounts payable within one year | 42/48 | €33,286 | €23,588 | -€9,698 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €6,653 | €6,000 | -€653 | -9.8% |
| Trade debts | 44 | €14,799 | €6,312 | -€8,487 | -57.4% |
| Suppliers | 440/4 | €14,799 | €6,312 | -€8,487 | -57.4% |
| Taxes, remuneration and social security | 45 | €11,834 | €11,276 | -€558 | -4.7% |
| Taxes | 450/3 | €11,834 | €11,276 | -€558 | -4.7% |
| Accrued charges and deferred income | 492/3 | €1,910 | €779 | -€1,131 | -59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,622 | €551 | -€9,071 | -94.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €50,288 | +€50,288 | |
| Other operating charges | 640/8 | €2,113 | €2,591 | +€478 | +22.6% |
| Gross operating margin | 9900 | €25,276 | €83,738 | +€58,462 | +231.3% |
| Operating profit (loss) | 9901 | €13,541 | €30,308 | +€16,767 | +123.8% |
| Financial income | 75/76B | €1,411 | €2,049 | +€638 | +45.2% |
| Recurring financial income | 75 | €1,411 | €2,049 | +€638 | +45.2% |
| Financial charges | 65/66B | €612 | €577 | -€35 | -5.7% |
| Recurring financial charges | 65 | €612 | €577 | -€35 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €14,341 | €31,781 | +€17,440 | +121.6% |
| Income taxes | 67/77 | €5,154 | €10,435 | +€5,281 | +102.4% |
| Profit (loss) for the period | 9904 | €9,186 | €21,346 | +€12,159 | +132.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,186 | €21,346 | +€12,159 | +132.4% |
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.