L.M. Ada: what changed
L.M. Ada
Largest movements
- Financial fixed assets -€34,150
no longer reported in 2025 (was €34,150)
- Receivables within one year +€16,845
up €16,845 (+109%), from €15,449 to €32,294
of which Other amounts receivable: +€23,861
- Cash -€16,183
down €16,183 (-33.8%), from €47,834 to €31,651
mainly Trade debts (-€27,066) and Receivables within one year (-€16,845)
- Tangible fixed assets -€1,401
down €1,401 (-70.7%), from €1,983 to €582
of which Furniture and vehicles: -€1,052
- Trade debts -€27,066
down €27,066 (-91.7%), from €29,527 to €2,460
- Reserves +€14,713
up €14,713 (+37.4%), from €39,382 to €54,095
- Other debts -€13,309
no longer reported in 2025 (was €13,309)
- Tax, wage and social debts -€9,227
down €9,227 (-53.7%), from €17,198 to €7,971
of which Remuneration and social security: -€15,056
- Gross operating margin +€14,561
up €14,561 (+148%), from €9,807 to €24,368
- Taxes +€5,829
up €5,829 (+272%), from €2,141 to €7,971
- Financial income +€596
new in 2025: €596
- Staff costs -€359
no longer reported in 2025 (was €359)
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 | €99,416 | €64,526 | -€34,890 | -35.1% |
| Fixed assets | 21/28 | €36,133 | €582 | -€35,551 | -98.4% |
| Tangible fixed assets | 22/27 | €1,983 | €582 | -€1,401 | -70.7% |
| Plant, machinery and equipment | 23 | €931 | €582 | -€350 | -37.5% |
| Furniture and vehicles | 24 | €1,052 | - | -€1,052 | |
| Financial fixed assets | 28 | €34,150 | - | -€34,150 | |
| Current assets | 29/58 | €63,283 | €63,944 | +€662 | +1.0% |
| Amounts receivable within one year | 40/41 | €15,449 | €32,294 | +€16,845 | +109% |
| Trade receivables | 40 | €15,449 | €8,432 | -€7,016 | -45.4% |
| Other amounts receivable | 41 | - | €23,861 | +€23,861 | |
| Cash at bank and in hand | 54/58 | €47,834 | €31,651 | -€16,183 | -33.8% |
| Total equity and liabilities | 10/49 | €99,416 | €64,526 | -€34,890 | -35.1% |
| Equity | 10/15 | €39,382 | €54,095 | +€14,713 | +37.4% |
| Reserves | 13 | €39,382 | €54,095 | +€14,713 | +37.4% |
| Distributable reserves | 133 | €39,382 | €54,095 | +€14,713 | +37.4% |
| Amounts payable | 17/49 | €60,034 | €10,431 | -€49,603 | -82.6% |
| Amounts payable within one year | 42/48 | €60,034 | €10,431 | -€49,603 | -82.6% |
| Trade debts | 44 | €29,527 | €2,460 | -€27,066 | -91.7% |
| Suppliers | 440/4 | €29,527 | €2,460 | -€27,066 | -91.7% |
| Taxes, remuneration and social security | 45 | €17,198 | €7,971 | -€9,227 | -53.7% |
| Taxes | 450/3 | €2,141 | €7,971 | +€5,829 | +272% |
| Remuneration and social security | 454/9 | €15,056 | - | -€15,056 | |
| Other amounts payable | 47/48 | €13,309 | - | -€13,309 | |
| Remuneration, social security and pensions | 62 | €359 | - | -€359 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,451 | €1,401 | -€50 | -3.4% |
| Other operating charges | 640/8 | €717 | €738 | +€22 | +3.0% |
| Gross operating margin | 9900 | €9,807 | €24,368 | +€14,561 | +148% |
| Operating profit (loss) | 9901 | €7,280 | €22,228 | +€14,948 | +205% |
| Financial income | 75/76B | - | €596 | +€596 | |
| Recurring financial income | 75 | - | €596 | +€596 | |
| Financial charges | 65/66B | €140 | €140 | +€0 | +0.1% |
| Recurring financial charges | 65 | €140 | €140 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €7,140 | €22,684 | +€15,544 | +218% |
| Income taxes | 67/77 | €2,141 | €7,971 | +€5,829 | +272% |
| Profit (loss) for the period | 9904 | €4,999 | €14,713 | +€9,715 | +194% |
| Profit (loss) for the period to be appropriated | 9905 | €4,999 | €14,713 | +€9,715 | +194% |
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 2 November 2026 via checked.be.