ADAG: 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.
ADAG
Largest movements
- Receivables within one year -€912
down €912 (-3.1%), from €29,178 to €28,266
of which Other amounts receivable: -€3,562
- Tax, wage and social debts -€2,870
down €2,870 (-53.3%), from €5,383 to €2,513
- Trade debts +€1,585
up €1,585 (+123.0%), from €1,288 to €2,873
- Gross operating margin -€2,050
down €2,050 (-53.7%), from €3,820 to €1,770
- Financial income -€1,623
no longer reported in 2025 (was €1,623)
- Taxes -€868
down €868 (-64.0%), from €1,358 to €489
- Financial charges -€392
down €392 (-59.6%), from €658 to €266
- Other operating charges +€91
up €91 (+12.1%), from €757 to €849
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 | €29,709 | €28,590 | -€1,119 | -3.8% |
| Current assets | 29/58 | €29,709 | €28,590 | -€1,119 | -3.8% |
| Amounts receivable within one year | 40/41 | €29,178 | €28,266 | -€912 | -3.1% |
| Trade receivables | 40 | €638 | €3,287 | +€2,650 | +415.7% |
| Other amounts receivable | 41 | €28,541 | €24,979 | -€3,562 | -12.5% |
| Cash at bank and in hand | 54/58 | €530 | €324 | -€207 | -39.0% |
| Total equity and liabilities | 10/49 | €29,709 | €28,590 | -€1,119 | -3.8% |
| Equity | 10/15 | €23,037 | €23,204 | +€166 | +0.7% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €13,246 | €13,246 | = | 0.0% |
| Distributable reserves | 133 | €13,246 | €13,246 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,591 | €9,758 | +€166 | +1.7% |
| Amounts payable | 17/49 | €6,671 | €5,386 | -€1,285 | -19.3% |
| Amounts payable within one year | 42/48 | €6,671 | €5,386 | -€1,285 | -19.3% |
| Trade debts | 44 | €1,288 | €2,873 | +€1,585 | +123.0% |
| Suppliers | 440/4 | €1,288 | €2,873 | +€1,585 | +123.0% |
| Taxes, remuneration and social security | 45 | €5,383 | €2,513 | -€2,870 | -53.3% |
| Taxes | 450/3 | €5,383 | €2,513 | -€2,870 | -53.3% |
| Other operating charges | 640/8 | €757 | €849 | +€91 | +12.1% |
| Gross operating margin | 9900 | €3,820 | €1,770 | -€2,050 | -53.7% |
| Operating profit (loss) | 9901 | €3,062 | €921 | -€2,141 | -69.9% |
| Financial income | 75/76B | €1,623 | - | -€1,623 | |
| Recurring financial income | 75 | €1,623 | - | -€1,623 | |
| Financial charges | 65/66B | €658 | €266 | -€392 | -59.6% |
| Recurring financial charges | 65 | €658 | €266 | -€392 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €4,027 | €656 | -€3,371 | -83.7% |
| Income taxes | 67/77 | €1,358 | €489 | -€868 | -64.0% |
| Profit (loss) for the period | 9904 | €2,669 | €166 | -€2,503 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,669 | €166 | -€2,503 | -93.8% |
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 11 October 2026 via checked.be.