ADAN: what changed
Two fiscal 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.
ADAN
Largest movements
- Tangible fixed assets +€17,194
up €17,194 (+154.7%), from €11,116 to €28,310
of which Furniture and vehicles: +€28,310
- Receivables within one year +€15,908
up €15,908 (+2515.1%), from €632 to €16,540
of which Trade receivables: +€15,184
- Cash -€6,556
down €6,556 (-81.0%), from €8,094 to €1,538
mainly Trade debts (-€19,751) and Investment in fixed assets (net) (-€18,223)
- Stocks and contracts -€2,783
down €2,783 (-100.0%), from €2,783 to €0
- Deferred charges and accrued income -€909
down €909 (-100.0%), from €909 to €0
- Profit (loss) carried forward +€28,428
up €28,428 (+22.3%), from -€127,256 to -€98,828
- Other debts +€21,543
up €21,543 (+24.0%), from €89,736 to €111,278
- Trade debts -€19,751
down €19,751 (-65.7%), from €30,059 to €10,308
- Current portion of long-term debt -€6,000
down €6,000 (-38.7%), from €15,500 to €9,500
- Accrued charges and deferred income -€1,026
down €1,026 (-100.0%), from €1,026 to €0
- Staff costs -€48,373
down €48,373 (-45.6%), from €106,006 to €57,633
- Gross operating margin -€27,401
down €27,401 (-23.3%), from €117,700 to €90,298
- Depreciation -€5,553
down €5,553 (-84.4%), from €6,582 to €1,029
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 | €23,534 | €46,388 | +€22,854 | +97.1% |
| Fixed assets | 21/28 | €11,116 | €28,310 | +€17,194 | +154.7% |
| Tangible fixed assets | 22/27 | €11,116 | €28,310 | +€17,194 | +154.7% |
| Land and buildings | 22 | €3,110 | €0 | -€3,110 | -100.0% |
| Plant, machinery and equipment | 23 | €8,006 | €0 | -€8,006 | -100.0% |
| Furniture and vehicles | 24 | - | €28,310 | +€28,310 | |
| Current assets | 29/58 | €12,418 | €18,078 | +€5,660 | +45.6% |
| Stocks and contracts in progress | 3 | €2,783 | €0 | -€2,783 | -100.0% |
| Stocks | 30/36 | €2,783 | €0 | -€2,783 | -100.0% |
| Amounts receivable within one year | 40/41 | €632 | €16,540 | +€15,908 | +2515.1% |
| Trade receivables | 40 | - | €15,184 | +€15,184 | |
| Other amounts receivable | 41 | €632 | €1,356 | +€724 | +114.4% |
| Cash at bank and in hand | 54/58 | €8,094 | €1,538 | -€6,556 | -81.0% |
| Deferred charges and accrued income | 490/1 | €909 | €0 | -€909 | -100.0% |
| Total equity and liabilities | 10/49 | €23,534 | €46,388 | +€22,854 | +97.1% |
| Equity | 10/15 | -€121,056 | -€92,628 | +€28,428 | +23.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | -€127,256 | -€98,828 | +€28,428 | +22.3% |
| Amounts payable | 17/49 | €144,590 | €139,017 | -€5,574 | -3.9% |
| Amounts payable within one year | 42/48 | €143,564 | €139,017 | -€4,547 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €15,500 | €9,500 | -€6,000 | -38.7% |
| Trade debts | 44 | €30,059 | €10,308 | -€19,751 | -65.7% |
| Suppliers | 440/4 | €30,059 | €10,308 | -€19,751 | -65.7% |
| Taxes, remuneration and social security | 45 | €8,269 | €7,930 | -€339 | -4.1% |
| Taxes | 450/3 | €1,882 | €752 | -€1,131 | -60.1% |
| Remuneration and social security | 454/9 | €6,387 | €7,179 | +€792 | +12.4% |
| Other amounts payable | 47/48 | €89,736 | €111,278 | +€21,543 | +24.0% |
| Accrued charges and deferred income | 492/3 | €1,026 | €0 | -€1,026 | -100.0% |
| Remuneration, social security and pensions | 62 | €106,006 | €57,633 | -€48,373 | -45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,582 | €1,029 | -€5,553 | -84.4% |
| Other operating charges | 640/8 | €1,879 | €1,365 | -€513 | -27.3% |
| Gross operating margin | 9900 | €117,700 | €90,298 | -€27,401 | -23.3% |
| Operating profit (loss) | 9901 | €3,233 | €30,271 | +€27,039 | +836.4% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,914 | €1,650 | -€264 | -13.8% |
| Recurring financial charges | 65 | €1,914 | €1,650 | -€264 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €1,319 | €28,623 | +€27,304 | +2070.2% |
| Income taxes | 67/77 | €195 | €195 | +€0 | +0.1% |
| Profit (loss) for the period | 9904 | €1,124 | €28,428 | +€27,304 | +2429.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,124 | €28,428 | +€27,304 | +2429.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.