A.D.W DK: 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.W DK
Largest movements
- Tangible fixed assets +€52,737
up €52,737 (+80.0%), from €65,918 to €118,655
of which Plant, machinery and equipment: +€56,626
- Receivables within one year +€13,145
up €13,145 (+320%), from €4,106 to €17,251
of which Other amounts receivable: +€7,602
- Cash +€12,765
up €12,765 (+208%), from €6,147 to €18,912
mainly Net result for the year (+€26,422) and Debts after one year (+€23,347)
- Profit (loss) carried forward +€26,422
up €26,422, from -€14,630 to €11,792
- Debts after one year +€23,347
up €23,347 (+88.1%), from €26,500 to €49,847
- Trade debts +€17,434
up €17,434 (+405%), from €4,309 to €21,743
- Other debts +€6,646
up €6,646 (+15.5%), from €42,916 to €49,562
- Tax, wage and social debts +€3,908
up €3,908 (+68.4%), from €5,711 to €9,619
of which Remuneration and social security: +€3,650
- Gross operating margin +€28,153
up €28,153 (+183%), from €15,379 to €43,532
- Depreciation +€6,542
up €6,542 (+71.4%), from €9,168 to €15,710
- Financial charges -€618
down €618 (-36.0%), from €1,715 to €1,097
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 | €82,719 | €161,755 | +€79,036 | +95.5% |
| Fixed assets | 21/28 | €65,918 | €118,655 | +€52,737 | +80.0% |
| Tangible fixed assets | 22/27 | €65,918 | €118,655 | +€52,737 | +80.0% |
| Plant, machinery and equipment | 23 | €52,305 | €108,931 | +€56,626 | +108% |
| Furniture and vehicles | 24 | €13,613 | €9,724 | -€3,889 | -28.6% |
| Current assets | 29/58 | €16,801 | €43,100 | +€26,299 | +157% |
| Stocks and contracts in progress | 3 | €6,548 | €6,937 | +€389 | +5.9% |
| Stocks | 30/36 | €6,548 | €6,937 | +€389 | +5.9% |
| Amounts receivable within one year | 40/41 | €4,106 | €17,251 | +€13,145 | +320% |
| Trade receivables | 40 | €4,095 | €9,638 | +€5,543 | +135% |
| Other amounts receivable | 41 | €11 | €7,613 | +€7,602 | +69,109% |
| Cash at bank and in hand | 54/58 | €6,147 | €18,912 | +€12,765 | +208% |
| Total equity and liabilities | 10/49 | €82,719 | €161,755 | +€79,036 | +95.5% |
| Equity | 10/15 | -€8,430 | €17,992 | +€26,422 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,630 | €11,792 | +€26,422 | |
| Amounts payable | 17/49 | €91,149 | €143,763 | +€52,614 | +57.7% |
| Amounts payable after more than one year | 17 | €26,500 | €49,847 | +€23,347 | +88.1% |
| Financial debts | 170/4 | €26,500 | €49,847 | +€23,347 | +88.1% |
| Amounts payable within one year | 42/48 | €63,841 | €92,578 | +€28,737 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €10,905 | €11,654 | +€749 | +6.9% |
| Trade debts | 44 | €4,309 | €21,743 | +€17,434 | +405% |
| Suppliers | 440/4 | €4,309 | €21,743 | +€17,434 | +405% |
| Taxes, remuneration and social security | 45 | €5,711 | €9,619 | +€3,908 | +68.4% |
| Taxes | 450/3 | €161 | €419 | +€258 | +160% |
| Remuneration and social security | 454/9 | €5,550 | €9,200 | +€3,650 | +65.8% |
| Other amounts payable | 47/48 | €42,916 | €49,562 | +€6,646 | +15.5% |
| Accrued charges and deferred income | 492/3 | €808 | €1,338 | +€530 | +65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,168 | €15,710 | +€6,542 | +71.4% |
| Other operating charges | 640/8 | €312 | €317 | +€5 | +1.6% |
| Gross operating margin | 9900 | €15,379 | €43,532 | +€28,153 | +183% |
| Operating profit (loss) | 9901 | €5,899 | €27,505 | +€21,606 | +366% |
| Financial income | 75/76B | €3 | €14 | +€11 | +367% |
| Recurring financial income | 75 | €3 | €14 | +€11 | +367% |
| Financial charges | 65/66B | €1,715 | €1,097 | -€618 | -36.0% |
| Recurring financial charges | 65 | €1,715 | €1,097 | -€618 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €4,187 | €26,422 | +€22,235 | +531% |
| Profit (loss) for the period | 9904 | €4,187 | €26,422 | +€22,235 | +531% |
| Profit (loss) for the period to be appropriated | 9905 | €4,187 | €26,422 | +€22,235 | +531% |
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 19 October 2026 via checked.be.