AD-BEL SERVICES: 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.
AD-BEL SERVICES
Largest movements
- Receivables within one year +€164,789
up €164,789 (+29.9%), from €550,821 to €715,610
of which Trade receivables: +€164,789
- Stocks and contracts -€64,912
down €64,912 (-32.4%), from €200,379 to €135,468
of which Stocks: -€200,379
- Other debts +€974,470
up €974,470 (+150%), from €649,109 to €1.6m
- Trade debts -€647,035
down €647,035 (-76.9%), from €841,076 to €194,041
- Profit (loss) carried forward -€295,586
down €295,586 (-21.3%), from -€1.4m to -€1.7m
- Tax, wage and social debts +€56,602
up €56,602 (+24.0%), from €235,899 to €292,501
of which Remuneration and social security: +€104,863
- Gross operating margin +€405,594
up €405,594 (+47.6%), from €851,922 to €1.3m
- Staff costs +€261,887
up €261,887 (+23.2%), from €1.1m to €1.4m
- Other operating charges +€53,915
up €53,915 (+167%), from €32,319 to €86,234
- Financial charges +€51,486
up €51,486 (+207%), from €24,852 to €76,338
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 | €760,691 | €855,183 | +€94,492 | +12.4% |
| Current assets | 29/58 | €760,691 | €855,183 | +€94,492 | +12.4% |
| Stocks and contracts in progress | 3 | €200,379 | €135,468 | -€64,912 | -32.4% |
| Stocks | 30/36 | €200,379 | - | -€200,379 | |
| Contracts in progress | 37 | - | €135,468 | +€135,468 | |
| Amounts receivable within one year | 40/41 | €550,821 | €715,610 | +€164,789 | +29.9% |
| Trade receivables | 40 | €550,821 | €715,610 | +€164,789 | +29.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €9,491 | €4,105 | -€5,386 | -56.7% |
| Total equity and liabilities | 10/49 | €760,691 | €855,183 | +€94,492 | +12.4% |
| Equity | 10/15 | -€965,711 | -€1,261,296 | -€295,586 | -30.6% |
| Contributions | 10/11 | €421,000 | €421,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,386,711 | -€1,682,296 | -€295,586 | -21.3% |
| Amounts payable | 17/49 | €1,726,402 | €2,116,479 | +€390,078 | +22.6% |
| Amounts payable within one year | 42/48 | €1,726,084 | €2,116,479 | +€390,396 | +22.6% |
| Trade debts | 44 | €841,076 | €194,041 | -€647,035 | -76.9% |
| Suppliers | 440/4 | €841,076 | €194,041 | -€647,035 | -76.9% |
| Advances received on contracts in progress | 46 | - | €6,358 | +€6,358 | |
| Taxes, remuneration and social security | 45 | €235,899 | €292,501 | +€56,602 | +24.0% |
| Taxes | 450/3 | €115,540 | €67,278 | -€48,261 | -41.8% |
| Remuneration and social security | 454/9 | €120,359 | €225,223 | +€104,863 | +87.1% |
| Other amounts payable | 47/48 | €649,109 | €1,623,579 | +€974,470 | +150% |
| Accrued charges and deferred income | 492/3 | €318 | - | -€318 | |
| Remuneration, social security and pensions | 62 | €1,129,352 | €1,391,239 | +€261,887 | +23.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,630 | -€3,028 | -€1,397 | -85.7% |
| Other operating charges | 640/8 | €32,319 | €86,234 | +€53,915 | +167% |
| Non-recurring operating charges | 66A | €32,190 | €599 | -€31,591 | -98.1% |
| Gross operating margin | 9900 | €851,922 | €1,257,516 | +€405,594 | +47.6% |
| Operating profit (loss) | 9901 | -€340,308 | -€217,528 | +€122,780 | +36.1% |
| Financial income | 75/76B | €9,285 | €129 | -€9,156 | -98.6% |
| Recurring financial income | 75 | €9,285 | €129 | -€9,156 | -98.6% |
| Financial charges | 65/66B | €24,852 | €76,338 | +€51,486 | +207% |
| Recurring financial charges | 65 | €24,852 | €76,338 | +€51,486 | +207% |
| Profit (loss) for the period before taxes | 9903 | -€355,876 | -€293,737 | +€62,138 | +17.5% |
| Income taxes | 67/77 | €2,458 | €1,848 | -€610 | -24.8% |
| Profit (loss) for the period | 9904 | -€358,334 | -€295,586 | +€62,748 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€358,334 | -€295,586 | +€62,748 | +17.5% |
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 20 October 2026 via checked.be.