ADA: 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.
ADA
Largest movements
- Receivables within one year +€193,959
up €193,959 (+106,983%), from €181 to €194,141
- Cash -€76,276
down €76,276 (-50.6%), from €150,787 to €74,512
mainly Receivables within one year (-€193,959)
- Tangible fixed assets -€11,434
down €11,434 (-85.2%), from €13,423 to €1,989
- Reserves +€102,915
up €102,915 (+73.0%), from €140,947 to €243,862
- Trade debts +€3,335
up €3,335 (+320%), from €1,041 to €4,376
- Gross operating margin +€133,411
up €133,411, from -€6,843 to €126,568
- Taxes +€11,620
new in 2025: €11,620
- Depreciation -€3,653
down €3,653 (-24.2%), from €15,087 to €11,434
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 | €164,392 | €270,642 | +€106,250 | +64.6% |
| Fixed assets | 21/28 | €13,423 | €1,989 | -€11,434 | -85.2% |
| Tangible fixed assets | 22/27 | €13,423 | €1,989 | -€11,434 | -85.2% |
| Other tangible fixed assets | 26 | €13,423 | €1,989 | -€11,434 | -85.2% |
| Current assets | 29/58 | €150,969 | €268,653 | +€117,684 | +78.0% |
| Amounts receivable within one year | 40/41 | €181 | €194,141 | +€193,959 | +106,983% |
| Other amounts receivable | 41 | €181 | €194,141 | +€193,959 | +106,983% |
| Cash at bank and in hand | 54/58 | €150,787 | €74,512 | -€76,276 | -50.6% |
| Total equity and liabilities | 10/49 | €164,392 | €270,642 | +€106,250 | +64.6% |
| Equity | 10/15 | €159,547 | €262,462 | +€102,915 | +64.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,947 | €243,862 | +€102,915 | +73.0% |
| Distributable reserves | 133 | €140,947 | €243,862 | +€102,915 | +73.0% |
| Amounts payable | 17/49 | €4,845 | €8,180 | +€3,335 | +68.8% |
| Amounts payable within one year | 42/48 | €4,845 | €8,180 | +€3,335 | +68.8% |
| Trade debts | 44 | €1,041 | €4,376 | +€3,335 | +320% |
| Suppliers | 440/4 | €1,041 | €4,376 | +€3,335 | +320% |
| Other amounts payable | 47/48 | €3,804 | €3,804 | = | 0.0% |
| Remuneration, social security and pensions | 62 | -€845 | - | +€845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,087 | €11,434 | -€3,653 | -24.2% |
| Other operating charges | 640/8 | €1,010 | €570 | -€440 | -43.6% |
| Gross operating margin | 9900 | -€6,843 | €126,568 | +€133,411 | |
| Operating profit (loss) | 9901 | -€22,095 | €114,564 | +€136,659 | |
| Financial charges | 65/66B | €28 | €29 | +€1 | +5.2% |
| Recurring financial charges | 65 | €28 | €29 | +€1 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,123 | €114,535 | +€136,658 | |
| Income taxes | 67/77 | - | €11,620 | +€11,620 | |
| Profit (loss) for the period | 9904 | -€22,123 | €102,915 | +€125,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,123 | €102,915 | +€125,038 |
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 16 October 2026 via checked.be.