GROUP AD+: 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.
GROUP AD+
Largest movements
- Cash +€9,925
up €9,925 (+43.3%), from €22,916 to €32,841
mainly Net result for the year (+€14,592) and Other debts (+€10,656)
- Deferred charges and accrued income -€3,400
down €3,400 (-20.0%), from €17,000 to €13,600
- Receivables within one year -€1,313
down €1,313 (-100.0%), from €1,313 to €0
- Other debts +€10,656
up €10,656 (+1567.0%), from €680 to €11,336
- Advances received -€8,972
down €8,972 (-94.9%), from €9,456 to €484
- Tax, wage and social debts +€7,219
up €7,219 (+125.3%), from €5,759 to €12,977
of which Taxes: +€7,199
- Trade debts -€3,317
down €3,317 (-100.0%), from €3,317 to €0
- Gross operating margin +€14,174
up €14,174 (+115.8%), from €12,237 to €26,412
- Taxes +€3,263
up €3,263 (+125.7%), from €2,597 to €5,860
- Financial charges +€2,058
up €2,058 (+329.6%), from €624 to €2,683
- Depreciation +€565
up €565 (+27.5%), from €2,057 to €2,622
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 | €53,909 | €59,116 | +€5,206 | +9.7% |
| Fixed assets | 21/28 | €12,679 | €12,675 | -€5 | 0.0% |
| Tangible fixed assets | 22/27 | €12,679 | €12,675 | -€5 | 0.0% |
| Plant, machinery and equipment | 23 | €2,968 | €1,950 | -€1,018 | -34.3% |
| Furniture and vehicles | 24 | €2,991 | €2,382 | -€610 | -20.4% |
| Other tangible fixed assets | 26 | €6,720 | €8,343 | +€1,623 | +24.1% |
| Current assets | 29/58 | €41,230 | €46,441 | +€5,211 | +12.6% |
| Amounts receivable within one year | 40/41 | €1,313 | €0 | -€1,313 | -100.0% |
| Other amounts receivable | 41 | €1,313 | €0 | -€1,313 | -100.0% |
| Cash at bank and in hand | 54/58 | €22,916 | €32,841 | +€9,925 | +43.3% |
| Deferred charges and accrued income | 490/1 | €17,000 | €13,600 | -€3,400 | -20.0% |
| Total equity and liabilities | 10/49 | €53,909 | €59,116 | +€5,206 | +9.7% |
| Equity | 10/15 | €33,677 | €33,269 | -€408 | -1.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,677 | €28,269 | -€408 | -1.4% |
| Distributable reserves | 133 | €28,677 | €28,269 | -€408 | -1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,232 | €25,847 | +€5,615 | +27.8% |
| Amounts payable within one year | 42/48 | €19,212 | €24,797 | +€5,585 | +29.1% |
| Trade debts | 44 | €3,317 | €0 | -€3,317 | -100.0% |
| Suppliers | 440/4 | €3,317 | €0 | -€3,317 | -100.0% |
| Advances received on contracts in progress | 46 | €9,456 | €484 | -€8,972 | -94.9% |
| Taxes, remuneration and social security | 45 | €5,759 | €12,977 | +€7,219 | +125.3% |
| Taxes | 450/3 | €3,259 | €10,458 | +€7,199 | +220.9% |
| Remuneration and social security | 454/9 | €2,500 | €2,519 | +€19 | +0.8% |
| Other amounts payable | 47/48 | €680 | €11,336 | +€10,656 | +1567.0% |
| Accrued charges and deferred income | 492/3 | €1,020 | €1,050 | +€30 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,057 | €2,622 | +€565 | +27.5% |
| Other operating charges | 640/8 | €505 | €655 | +€150 | +29.7% |
| Gross operating margin | 9900 | €12,237 | €26,412 | +€14,174 | +115.8% |
| Operating profit (loss) | 9901 | €9,675 | €23,134 | +€13,460 | +139.1% |
| Financial income | 75/76B | €10 | €0 | -€10 | -98.8% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -98.8% |
| Financial charges | 65/66B | €624 | €2,683 | +€2,058 | +329.6% |
| Recurring financial charges | 65 | €624 | €2,683 | +€2,058 | +329.6% |
| Profit (loss) for the period before taxes | 9903 | €9,060 | €20,452 | +€11,391 | +125.7% |
| Income taxes | 67/77 | €2,597 | €5,860 | +€3,263 | +125.7% |
| Profit (loss) for the period | 9904 | €6,464 | €14,592 | +€8,128 | +125.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,464 | €14,592 | +€8,128 | +125.7% |
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.