ADA RENOVATION: 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 RENOVATION
Largest movements
- Tangible fixed assets -€195,414
down €195,414 (-73.4%), from €266,203 to €70,789
of which Land and buildings: -€164,945
- Receivables within one year +€181,627
up €181,627 (+114%), from €159,429 to €341,056
of which Trade receivables: +€95,653
- Cash +€21,155
up €21,155 (+2,531%), from €836 to €21,991
mainly Investment in fixed assets (net) (+€147,198) and Net result for the year (+€47,068)
- Financial fixed assets +€16,200
new in 2025: €16,200
- Profit (loss) carried forward +€47,068
up €47,068 (+74.3%), from €63,314 to €110,382
- Trade debts -€38,263
down €38,263 (-12.4%), from €307,485 to €269,222
- Tax, wage and social debts +€13,257
up €13,257 (+38.1%), from €34,763 to €48,020
of which Taxes: +€16,040
- Gross operating margin +€41,184
up €41,184 (+58.1%), from €70,843 to €112,027
- Taxes +€10,656
up €10,656 (+68.6%), from €15,538 to €26,194
- Depreciation +€10,491
up €10,491 (+48.7%), from €21,525 to €32,016
- Other operating charges -€9,542
down €9,542 (-58.8%), from €16,233 to €6,691
- Financial income +€3,443
up €3,443 (+49,186%), from €7 to €3,450
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 | €427,974 | €450,036 | +€22,062 | +5.2% |
| Fixed assets | 21/28 | €266,203 | €86,989 | -€179,214 | -67.3% |
| Tangible fixed assets | 22/27 | €266,203 | €70,789 | -€195,414 | -73.4% |
| Land and buildings | 22 | €164,945 | - | -€164,945 | |
| Plant, machinery and equipment | 23 | €12,751 | €8,761 | -€3,990 | -31.3% |
| Furniture and vehicles | 24 | €88,491 | €62,028 | -€26,463 | -29.9% |
| Leasing and similar rights | 25 | €16 | - | -€16 | |
| Financial fixed assets | 28 | - | €16,200 | +€16,200 | |
| Current assets | 29/58 | €161,771 | €363,047 | +€201,276 | +124% |
| Amounts receivable within one year | 40/41 | €159,429 | €341,056 | +€181,627 | +114% |
| Trade receivables | 40 | €78,030 | €173,683 | +€95,653 | +123% |
| Other amounts receivable | 41 | €81,399 | €167,373 | +€85,974 | +106% |
| Cash at bank and in hand | 54/58 | €836 | €21,991 | +€21,155 | +2,531% |
| Deferred charges and accrued income | 490/1 | €1,506 | - | -€1,506 | |
| Total equity and liabilities | 10/49 | €427,974 | €450,036 | +€22,062 | +5.2% |
| Equity | 10/15 | €69,526 | €116,594 | +€47,068 | +67.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12 | €12 | = | 0.0% |
| Distributable reserves | 133 | €12 | €12 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,314 | €110,382 | +€47,068 | +74.3% |
| Amounts payable | 17/49 | €358,448 | €333,442 | -€25,006 | -7.0% |
| Amounts payable within one year | 42/48 | €358,448 | €333,442 | -€25,006 | -7.0% |
| Trade debts | 44 | €307,485 | €269,222 | -€38,263 | -12.4% |
| Suppliers | 440/4 | €307,485 | €269,222 | -€38,263 | -12.4% |
| Taxes, remuneration and social security | 45 | €34,763 | €48,020 | +€13,257 | +38.1% |
| Taxes | 450/3 | €30,615 | €46,655 | +€16,040 | +52.4% |
| Remuneration and social security | 454/9 | €4,148 | €1,365 | -€2,783 | -67.1% |
| Other amounts payable | 47/48 | €16,200 | €16,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,525 | €32,016 | +€10,491 | +48.7% |
| Other operating charges | 640/8 | €16,233 | €6,691 | -€9,542 | -58.8% |
| Gross operating margin | 9900 | €70,843 | €112,027 | +€41,184 | +58.1% |
| Operating profit (loss) | 9901 | €33,085 | €73,320 | +€40,235 | +122% |
| Financial income | 75/76B | €7 | €3,450 | +€3,443 | +49,186% |
| Recurring financial income | 75 | €7 | €3,450 | +€3,443 | +49,186% |
| Financial charges | 65/66B | €371 | €3,508 | +€3,137 | +846% |
| Recurring financial charges | 65 | €371 | €3,508 | +€3,137 | +846% |
| Profit (loss) for the period before taxes | 9903 | €32,721 | €73,262 | +€40,541 | +124% |
| Income taxes | 67/77 | €15,538 | €26,194 | +€10,656 | +68.6% |
| Profit (loss) for the period | 9904 | €17,183 | €47,068 | +€29,885 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €17,183 | €47,068 | +€29,885 | +174% |
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 29 October 2026 via checked.be.