A.D.S.P.: 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.S.P.
Largest movements
- Tangible fixed assets -€15,496
down €15,496 (-5.0%), from €308,607 to €293,110
- Debts after one year -€35,152
down €35,152 (-52.4%), from €67,134 to €31,982
- Reserves +€26,861
up €26,861 (+14.2%), from €189,203 to €216,065
- Tax, wage and social debts -€4,893
down €4,893 (-42.1%), from €11,611 to €6,718
- Financial charges -€1,480
down €1,480 (-25.7%), from €5,767 to €4,287
- Gross operating margin +€1,430
up €1,430 (+2.3%), from €63,335 to €64,765
- Taxes +€948
up €948 (+8.1%), from €11,635 to €12,583
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 | €320,210 | €305,344 | -€14,866 | -4.6% |
| Fixed assets | 21/28 | €308,607 | €293,110 | -€15,496 | -5.0% |
| Tangible fixed assets | 22/27 | €308,607 | €293,110 | -€15,496 | -5.0% |
| Land and buildings | 22 | €308,607 | €293,110 | -€15,496 | -5.0% |
| Current assets | 29/58 | €11,603 | €12,234 | +€631 | +5.4% |
| Amounts receivable within one year | 40/41 | €9,680 | €7,780 | -€1,900 | -19.6% |
| Trade receivables | 40 | €9,680 | €7,260 | -€2,420 | -25.0% |
| Other amounts receivable | 41 | - | €520 | +€520 | |
| Cash at bank and in hand | 54/58 | €1,923 | €4,454 | +€2,531 | +131.6% |
| Total equity and liabilities | 10/49 | €320,210 | €305,344 | -€14,866 | -4.6% |
| Equity | 10/15 | €195,401 | €222,262 | +€26,861 | +13.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €189,203 | €216,065 | +€26,861 | +14.2% |
| Distributable reserves | 133 | €189,203 | €216,065 | +€26,861 | +14.2% |
| Amounts payable | 17/49 | €124,809 | €83,082 | -€41,727 | -33.4% |
| Amounts payable after more than one year | 17 | €67,134 | €31,982 | -€35,152 | -52.4% |
| Financial debts | 170/4 | €67,134 | €31,982 | -€35,152 | -52.4% |
| Amounts payable within one year | 42/48 | €57,675 | €51,100 | -€6,575 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €37,779 | €35,152 | -€2,627 | -7.0% |
| Trade debts | 44 | €2,747 | €3,691 | +€944 | +34.4% |
| Suppliers | 440/4 | €2,747 | €3,691 | +€944 | +34.4% |
| Taxes, remuneration and social security | 45 | €11,611 | €6,718 | -€4,893 | -42.1% |
| Taxes | 450/3 | €11,611 | €6,718 | -€4,893 | -42.1% |
| Other amounts payable | 47/48 | €5,539 | €5,539 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,496 | €15,496 | = | 0.0% |
| Other operating charges | 640/8 | €5,565 | €5,537 | -€28 | -0.5% |
| Gross operating margin | 9900 | €63,335 | €64,765 | +€1,430 | +2.3% |
| Operating profit (loss) | 9901 | €42,273 | €43,731 | +€1,458 | +3.4% |
| Financial charges | 65/66B | €5,767 | €4,287 | -€1,480 | -25.7% |
| Recurring financial charges | 65 | €5,767 | €4,287 | -€1,480 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €36,506 | €39,444 | +€2,938 | +8.0% |
| Income taxes | 67/77 | €11,635 | €12,583 | +€948 | +8.1% |
| Profit (loss) for the period | 9904 | €24,871 | €26,861 | +€1,990 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,871 | €26,861 | +€1,990 | +8.0% |
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 8 October 2026 via checked.be.