A.D.L.: 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.
A.D.L.
Largest movements
- Stocks and contracts -€19,640
down €19,640 (-80.5%), from €24,390 to €4,750
of which Contracts in progress: -€19,640
- Receivables within one year +€12,434
up €12,434 (+110%), from €11,316 to €23,750
of which Trade receivables: +€14,483
- Tangible fixed assets +€3,021
up €3,021 (+891%), from €339 to €3,360
- Cash -€842
down €842 (-9.9%), from €8,491 to €7,649
mainly Receivables within one year (-€12,434) and Trade debts (-€8,204)
- Trade debts -€8,204
down €8,204 (-58.2%), from €14,105 to €5,901
- Other debts +€3,310
up €3,310 (+396%), from €835 to €4,145
- Gross operating margin +€900
up €900 (+366%), from €246 to €1,145
- Depreciation +€482
up €482 (+427%), from €113 to €595
- Other operating charges +€353
up €353 (+117%), from €301 to €654
- Financial charges -€33
down €33 (-13.3%), from €252 to €218
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 | €45,147 | €39,938 | -€5,209 | -11.5% |
| Fixed assets | 21/28 | €339 | €3,360 | +€3,021 | +891% |
| Tangible fixed assets | 22/27 | €339 | €3,360 | +€3,021 | +891% |
| Furniture and vehicles | 24 | €339 | €3,360 | +€3,021 | +891% |
| Current assets | 29/58 | €44,808 | €36,578 | -€8,230 | -18.4% |
| Stocks and contracts in progress | 3 | €24,390 | €4,750 | -€19,640 | -80.5% |
| Stocks | 30/36 | €4,750 | €4,750 | = | 0.0% |
| Contracts in progress | 37 | €19,640 | - | -€19,640 | |
| Amounts receivable within one year | 40/41 | €11,316 | €23,750 | +€12,434 | +110% |
| Trade receivables | 40 | €8,922 | €23,405 | +€14,483 | +162% |
| Other amounts receivable | 41 | €2,393 | €345 | -€2,049 | -85.6% |
| Cash at bank and in hand | 54/58 | €8,491 | €7,649 | -€842 | -9.9% |
| Deferred charges and accrued income | 490/1 | €611 | €429 | -€182 | -29.8% |
| Total equity and liabilities | 10/49 | €45,147 | €39,938 | -€5,209 | -11.5% |
| Equity | 10/15 | €30,207 | €29,892 | -€315 | -1.0% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,938 | €2,623 | -€315 | -10.7% |
| Amounts payable | 17/49 | €14,940 | €10,046 | -€4,894 | -32.8% |
| Amounts payable within one year | 42/48 | €14,940 | €10,046 | -€4,894 | -32.8% |
| Trade debts | 44 | €14,105 | €5,901 | -€8,204 | -58.2% |
| Suppliers | 440/4 | €14,105 | €5,901 | -€8,204 | -58.2% |
| Other amounts payable | 47/48 | €835 | €4,145 | +€3,310 | +396% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113 | €595 | +€482 | +427% |
| Other operating charges | 640/8 | €301 | €654 | +€353 | +117% |
| Gross operating margin | 9900 | €246 | €1,145 | +€900 | +366% |
| Operating profit (loss) | 9901 | -€168 | -€104 | +€65 | +38.5% |
| Financial income | 75/76B | €0 | €7 | +€7 | +8,350% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +8,350% |
| Financial charges | 65/66B | €252 | €218 | -€33 | -13.3% |
| Recurring financial charges | 65 | €252 | €218 | -€33 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€420 | -€315 | +€105 | +25.0% |
| Profit (loss) for the period | 9904 | -€420 | -€315 | +€105 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€420 | -€315 | +€105 | +25.0% |
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 17 October 2026 via checked.be.