ADAK: what changed
ADAK
Largest movements
- Receivables within one year -€149,020
down €149,020 (-49.8%), from €299,314 to €150,294
- Cash -€6,097
down €6,097 (-51.5%), from €11,837 to €5,739
mainly Other debts (-€151,484) and Trade debts (-€21,609)
- Other debts -€151,484
down €151,484 (-43.9%), from €344,896 to €193,411
- Profit (loss) carried forward +€23,530
up €23,530 (+50.1%), from -€46,968 to -€23,439
- Trade debts -€21,609
down €21,609 (-96.2%), from €22,473 to €864
- Current portion of long-term debt -€4,927
down €4,927 (-100%), from €4,927 to €0
- Staff costs -€71,033
down €71,033 (-96.5%), from €73,618 to €2,586
- Gross operating margin -€36,652
down €36,652 (-56.0%), from €65,410 to €28,758
- Financial income -€2,154
down €2,154 (-100%), from €2,154 to €0
- Financial charges -€897
down €897 (-43.5%), from €2,060 to €1,163
- Other operating charges +€842
up €842 (+132%), from €638 to €1,479
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €397,507 | €242,389 | -€155,118 | -39.0% |
| Fixed assets | 21/28 | €71,106 | €71,106 | = | 0.0% |
| Tangible fixed assets | 22/27 | €71,106 | €71,106 | = | 0.0% |
| Furniture and vehicles | 24 | €71,106 | €71,106 | = | 0.0% |
| Current assets | 29/58 | €326,401 | €171,283 | -€155,118 | -47.5% |
| Stocks and contracts in progress | 3 | €15,250 | €15,250 | = | 0.0% |
| Stocks | 30/36 | €15,250 | €15,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €299,314 | €150,294 | -€149,020 | -49.8% |
| Trade receivables | 40 | €299,314 | €150,294 | -€149,020 | -49.8% |
| Cash at bank and in hand | 54/58 | €11,837 | €5,739 | -€6,097 | -51.5% |
| Total equity and liabilities | 10/49 | €397,507 | €242,389 | -€155,118 | -39.0% |
| Equity | 10/15 | €21,782 | €45,311 | +€23,530 | +108% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,968 | -€23,439 | +€23,530 | +50.1% |
| Amounts payable | 17/49 | €375,725 | €197,077 | -€178,647 | -47.5% |
| Amounts payable within one year | 42/48 | €375,725 | €197,077 | -€178,647 | -47.5% |
| Current portion of amounts payable after more than one year | 42 | €4,927 | €0 | -€4,927 | -100% |
| Trade debts | 44 | €22,473 | €864 | -€21,609 | -96.2% |
| Suppliers | 440/4 | €22,473 | €864 | -€21,609 | -96.2% |
| Taxes, remuneration and social security | 45 | €3,429 | €2,802 | -€627 | -18.3% |
| Taxes | 450/3 | €3,429 | €2,802 | -€627 | -18.3% |
| Other amounts payable | 47/48 | €344,896 | €193,411 | -€151,484 | -43.9% |
| Non-recurring operating income | 76A | €18,486 | €0 | -€18,486 | -100% |
| Remuneration, social security and pensions | 62 | €73,618 | €2,586 | -€71,033 | -96.5% |
| Other operating charges | 640/8 | €638 | €1,479 | +€842 | +132% |
| Gross operating margin | 9900 | €65,410 | €28,758 | -€36,652 | -56.0% |
| Operating profit (loss) | 9901 | -€8,846 | €24,693 | +€33,539 | |
| Financial income | 75/76B | €2,154 | €0 | -€2,154 | -100% |
| Recurring financial income | 75 | €2,154 | €0 | -€2,154 | -100% |
| Financial charges | 65/66B | €2,060 | €1,163 | -€897 | -43.5% |
| Recurring financial charges | 65 | €2,060 | €1,163 | -€897 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,751 | €23,530 | +€32,281 | |
| Profit (loss) for the period | 9904 | -€8,751 | €23,530 | +€32,281 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,751 | €23,530 | +€32,281 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.