ADS Advisory: 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.
ADS Advisory
Largest movements
- Current investments +€150,177
new in 2025: €150,177
- Cash -€79,756
down €79,756 (-64.1%), from €124,361 to €44,605
mainly Current investments (-€150,177) and Investment in fixed assets (net) (-€23,012)
- Tangible fixed assets +€21,856
new in 2025: €21,856
- Profit (loss) carried forward +€70,246
up €70,246 (+71.4%), from €98,361 to €168,607
- Tax, wage and social debts +€21,897
up €21,897 (+54.3%), from €40,315 to €62,213
of which Taxes: +€17,516
- Gross operating margin -€37,421
down €37,421 (-29.9%), from €125,266 to €87,844
- Taxes -€8,881
down €8,881 (-32.5%), from €27,325 to €18,444
- Financial income +€1,276
up €1,276 (+141.7%), from €901 to €2,176
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 | €144,269 | €236,598 | +€92,330 | +64.0% |
| Fixed assets | 21/28 | - | €21,856 | +€21,856 | |
| Tangible fixed assets | 22/27 | - | €21,856 | +€21,856 | |
| Furniture and vehicles | 24 | - | €21,856 | +€21,856 | |
| Current assets | 29/58 | €144,269 | €214,742 | +€70,474 | +48.8% |
| Amounts receivable within one year | 40/41 | €19,007 | €18,742 | -€265 | -1.4% |
| Trade receivables | 40 | €15,881 | €18,742 | +€2,860 | +18.0% |
| Other amounts receivable | 41 | €3,126 | - | -€3,126 | |
| Current investments | 50/53 | - | €150,177 | +€150,177 | |
| Cash at bank and in hand | 54/58 | €124,361 | €44,605 | -€79,756 | -64.1% |
| Deferred charges and accrued income | 490/1 | €901 | €1,218 | +€317 | +35.2% |
| Total equity and liabilities | 10/49 | €144,269 | €236,598 | +€92,330 | +64.0% |
| Equity | 10/15 | €103,361 | €173,607 | +€70,246 | +68.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,361 | €168,607 | +€70,246 | +71.4% |
| Amounts payable | 17/49 | €40,908 | €62,991 | +€22,083 | +54.0% |
| Amounts payable within one year | 42/48 | €40,908 | €62,991 | +€22,083 | +54.0% |
| Trade debts | 44 | €593 | €151 | -€442 | -74.5% |
| Suppliers | 440/4 | €593 | €151 | -€442 | -74.5% |
| Taxes, remuneration and social security | 45 | €40,315 | €62,213 | +€21,897 | +54.3% |
| Taxes | 450/3 | €40,315 | €57,831 | +€17,516 | +43.4% |
| Remuneration and social security | 454/9 | - | €4,382 | +€4,382 | |
| Other amounts payable | 47/48 | - | €628 | +€628 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,156 | +€1,156 | |
| Gross operating margin | 9900 | €125,266 | €87,844 | -€37,421 | -29.9% |
| Operating profit (loss) | 9901 | €125,266 | €86,689 | -€38,577 | -30.8% |
| Financial income | 75/76B | €901 | €2,176 | +€1,276 | +141.7% |
| Recurring financial income | 75 | €901 | €2,176 | +€1,276 | +141.7% |
| Financial charges | 65/66B | €481 | €174 | -€307 | -63.7% |
| Recurring financial charges | 65 | €481 | €174 | -€307 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | €125,685 | €88,691 | -€36,995 | -29.4% |
| Income taxes | 67/77 | €27,325 | €18,444 | -€8,881 | -32.5% |
| Profit (loss) for the period | 9904 | €98,361 | €70,246 | -€28,114 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,361 | €70,246 | -€28,114 | -28.6% |
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 7 October 2026 via checked.be.