AD-GLOBAL: 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.
AD-GLOBAL
Largest movements
- Receivables within one year -€959
down €959 (-1.4%), from €68,204 to €67,245
of which Trade receivables: -€1,963
- Trade debts -€1,222
down €1,222 (-9.5%), from €12,880 to €11,658
- Gross operating margin -€4,372
down €4,372 (-47.9%), from €9,127 to €4,755
- Taxes -€892
down €892 (-87.8%), from €1,016 to €124
- Other operating charges -€496
down €496 (-30.8%), from €1,613 to €1,117
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 | €71,819 | €70,999 | -€820 | -1.1% |
| Fixed assets | 21/28 | €102 | €102 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €102 | €102 | = | 0.0% |
| Current assets | 29/58 | €71,717 | €70,897 | -€820 | -1.1% |
| Stocks and contracts in progress | 3 | €2,380 | €2,002 | -€378 | -15.9% |
| Stocks | 30/36 | €2,380 | €2,002 | -€378 | -15.9% |
| Amounts receivable within one year | 40/41 | €68,204 | €67,245 | -€959 | -1.4% |
| Trade receivables | 40 | €3,028 | €1,065 | -€1,963 | -64.8% |
| Other amounts receivable | 41 | €65,176 | €66,181 | +€1,005 | +1.5% |
| Cash at bank and in hand | 54/58 | €1,133 | €1,650 | +€516 | +45.6% |
| Total equity and liabilities | 10/49 | €71,819 | €70,999 | -€820 | -1.1% |
| Equity | 10/15 | €21,587 | €21,864 | +€277 | +1.3% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €326 | €326 | = | 0.0% |
| Distributable reserves | 133 | €326 | €326 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,239 | -€5,963 | +€277 | +4.4% |
| Amounts payable | 17/49 | €50,232 | €49,135 | -€1,097 | -2.2% |
| Amounts payable within one year | 42/48 | €50,232 | €49,135 | -€1,097 | -2.2% |
| Financial debts | 43 | €36,000 | €35,880 | -€120 | -0.3% |
| Credit institutions | 430/8 | €36,000 | €35,880 | -€120 | -0.3% |
| Trade debts | 44 | €12,880 | €11,658 | -€1,222 | -9.5% |
| Suppliers | 440/4 | €12,880 | €11,658 | -€1,222 | -9.5% |
| Taxes, remuneration and social security | 45 | €1,352 | €1,597 | +€245 | +18.1% |
| Taxes | 450/3 | €1,352 | €1,597 | +€245 | +18.1% |
| Other operating charges | 640/8 | €1,613 | €1,117 | -€496 | -30.8% |
| Gross operating margin | 9900 | €9,127 | €4,755 | -€4,372 | -47.9% |
| Operating profit (loss) | 9901 | €7,514 | €3,638 | -€3,876 | -51.6% |
| Financial charges | 65/66B | €3,180 | €3,237 | +€57 | +1.8% |
| Recurring financial charges | 65 | €3,180 | €3,237 | +€57 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €4,334 | €401 | -€3,933 | -90.7% |
| Income taxes | 67/77 | €1,016 | €124 | -€892 | -87.8% |
| Profit (loss) for the period | 9904 | €3,318 | €277 | -€3,041 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,318 | €277 | -€3,041 | -91.7% |
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 3 October 2026 via checked.be.