the ADventure: what changed
Two financial 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.
the ADventure
Largest movements
- Deferred charges and accrued income -€943
down €943 (-90.4%), from €1,043 to €100
- Cash +€624
up €624 (+16.1%), from €3,879 to €4,503
mainly Net result for the year (+€3,595) and Deferred charges and accrued income (+€943)
- Receivables within one year -€330
down €330 (-69.4%), from €475 to €145
- Profit (loss) carried forward +€3,595
up €3,595 (+43.1%), from -€8,347 to -€4,751
- Trade debts -€1,702
down €1,702 (-73.8%), from €2,306 to €604
- Other debts -€1,686
down €1,686 (-77.5%), from €2,176 to €490
- Accrued charges and deferred income -€993
down €993 (-94.6%), from €1,050 to €57
- Tax, wage and social debts +€95
up €95 (+7.6%), from €1,252 to €1,347
- Gross operating margin +€2,018
up €2,018 (+50.6%), from €3,992 to €6,010
- Taxes +€1,483
new in 2025: €1,483
- Depreciation +€171
up €171 (+82.3%), from €208 to €380
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.
Derived cash bridge
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 | €6,152 | €5,462 | -€690 | -11.2% |
| Fixed assets | 21/28 | €756 | €714 | -€42 | -5.5% |
| Tangible fixed assets | 22/27 | €756 | €714 | -€42 | -5.5% |
| Plant, machinery and equipment | 23 | €756 | €714 | -€42 | -5.5% |
| Current assets | 29/58 | €5,396 | €4,748 | -€649 | -12.0% |
| Amounts receivable within one year | 40/41 | €475 | €145 | -€330 | -69.4% |
| Trade receivables | 40 | €475 | €145 | -€330 | -69.4% |
| Cash at bank and in hand | 54/58 | €3,879 | €4,503 | +€624 | +16.1% |
| Deferred charges and accrued income | 490/1 | €1,043 | €100 | -€943 | -90.4% |
| Total equity and liabilities | 10/49 | €6,152 | €5,462 | -€690 | -11.2% |
| Equity | 10/15 | -€632 | €2,964 | +€3,595 | |
| Contributions | 10/11 | €7,715 | €7,715 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,347 | -€4,751 | +€3,595 | +43.1% |
| Amounts payable | 17/49 | €6,784 | €2,498 | -€4,286 | -63.2% |
| Amounts payable within one year | 42/48 | €5,733 | €2,441 | -€3,292 | -57.4% |
| Trade debts | 44 | €2,306 | €604 | -€1,702 | -73.8% |
| Suppliers | 440/4 | €2,306 | €604 | -€1,702 | -73.8% |
| Taxes, remuneration and social security | 45 | €1,252 | €1,347 | +€95 | +7.6% |
| Taxes | 450/3 | €1,252 | €1,347 | +€95 | +7.6% |
| Other amounts payable | 47/48 | €2,176 | €490 | -€1,686 | -77.5% |
| Accrued charges and deferred income | 492/3 | €1,050 | €57 | -€993 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208 | €380 | +€171 | +82.3% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €3,992 | €6,010 | +€2,018 | +50.6% |
| Operating profit (loss) | 9901 | €3,334 | €5,168 | +€1,834 | +55.0% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €72 | €102 | +€30 | +42.1% |
| Recurring financial charges | 65 | €72 | €102 | +€30 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €3,262 | €5,078 | +€1,816 | +55.7% |
| Income taxes | 67/77 | - | €1,483 | +€1,483 | |
| Profit (loss) for the period | 9904 | €3,262 | €3,595 | +€333 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,262 | €3,595 | +€333 | +10.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.