A.D.G. Construct: 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.
A.D.G. Construct
Largest movements
- Cash +€36,596
up €36,596 (+497.5%), from €7,356 to €43,952
mainly Net result for the year (+€15,055) and Tax, wage and social debts (+€11,841)
- Receivables within one year -€5,261
down €5,261 (-34.9%), from €15,092 to €9,831
of which Trade receivables: -€8,479
- Deferred charges and accrued income +€2,139
up €2,139 (+51.1%), from €4,186 to €6,325
- Tax, wage and social debts +€11,841
up €11,841 (+262.5%), from €4,511 to €16,352
of which Taxes: +€9,950
- Reserves +€10,000
up €10,000 (+333.3%), from €3,000 to €13,000
- Trade debts +€7,293
up €7,293 (+48.6%), from €15,004 to €22,298
- Other debts +€6,865
new in 2025: €6,865
- Profit (loss) carried forward -€2,945
down €2,945 (-92.2%), from €3,195 to €249
- Gross operating margin +€91,924
up €91,924 (+150.2%), from €61,218 to €153,141
- Staff costs +€68,521
up €68,521 (+109.7%), from €62,471 to €130,992
- Taxes +€5,905
new in 2025: €5,905
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 | €28,710 | €61,764 | +€33,054 | +115.1% |
| Fixed assets | 21/28 | €2,076 | €1,656 | -€419 | -20.2% |
| Tangible fixed assets | 22/27 | €2,076 | €1,656 | -€419 | -20.2% |
| Plant, machinery and equipment | 23 | €1,842 | €1,637 | -€205 | -11.1% |
| Furniture and vehicles | 24 | €233 | €19 | -€215 | -91.9% |
| Current assets | 29/58 | €26,634 | €60,108 | +€33,474 | +125.7% |
| Amounts receivable within one year | 40/41 | €15,092 | €9,831 | -€5,261 | -34.9% |
| Trade receivables | 40 | €13,043 | €4,564 | -€8,479 | -65.0% |
| Other amounts receivable | 41 | €2,049 | €5,267 | +€3,217 | +157.0% |
| Cash at bank and in hand | 54/58 | €7,356 | €43,952 | +€36,596 | +497.5% |
| Deferred charges and accrued income | 490/1 | €4,186 | €6,325 | +€2,139 | +51.1% |
| Total equity and liabilities | 10/49 | €28,710 | €61,764 | +€33,054 | +115.1% |
| Equity | 10/15 | €9,195 | €16,249 | +€7,055 | +76.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €13,000 | +€10,000 | +333.3% |
| Distributable reserves | 133 | €3,000 | €13,000 | +€10,000 | +333.3% |
| Profit (loss) carried forward | 14 | €3,195 | €249 | -€2,945 | -92.2% |
| Amounts payable | 17/49 | €19,515 | €45,515 | +€26,000 | +133.2% |
| Amounts payable within one year | 42/48 | €19,515 | €45,515 | +€26,000 | +133.2% |
| Trade debts | 44 | €15,004 | €22,298 | +€7,293 | +48.6% |
| Suppliers | 440/4 | €15,004 | €22,298 | +€7,293 | +48.6% |
| Taxes, remuneration and social security | 45 | €4,511 | €16,352 | +€11,841 | +262.5% |
| Taxes | 450/3 | - | €9,950 | +€9,950 | |
| Remuneration and social security | 454/9 | €4,511 | €6,402 | +€1,892 | +41.9% |
| Other amounts payable | 47/48 | - | €6,865 | +€6,865 | |
| Remuneration, social security and pensions | 62 | €62,471 | €130,992 | +€68,521 | +109.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €770 | €919 | +€149 | +19.3% |
| Other operating charges | 640/8 | €249 | €149 | -€100 | -40.2% |
| Gross operating margin | 9900 | €61,218 | €153,141 | +€91,924 | +150.2% |
| Operating profit (loss) | 9901 | -€2,273 | €21,081 | +€23,354 | |
| Financial income | 75/76B | - | €175 | +€175 | |
| Recurring financial income | 75 | - | €175 | +€175 | |
| Financial charges | 65/66B | €115 | €296 | +€181 | +157.8% |
| Recurring financial charges | 65 | €115 | €296 | +€181 | +157.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,388 | €20,960 | +€23,348 | |
| Income taxes | 67/77 | - | €5,905 | +€5,905 | |
| Profit (loss) for the period | 9904 | -€2,388 | €15,055 | +€17,442 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,388 | €15,055 | +€17,442 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.