ADB Company: 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.
ADB Company
Largest movements
- Receivables within one year +€25,320
up €25,320 (+44.0%), from €57,553 to €82,873
of which Other amounts receivable: +€25,276
- Intangible fixed assets -€7,000
down €7,000 (-70.0%), from €10,000 to €3,000
- Tangible fixed assets -€6,866
down €6,866 (-37.7%), from €18,200 to €11,335
of which Furniture and vehicles: -€4,266
- Cash +€6,238
up €6,238 (+11.3%), from €55,120 to €61,359
mainly Net result for the year (+€28,524) and Depreciation (+€12,018)
- Deferred charges and accrued income -€3,307
no longer reported in 2025 (was €3,307)
- Profit (loss) carried forward +€28,524
up €28,524 (+8,716%), from €327 to €28,851
- Trade debts -€5,568
down €5,568 (-73.2%), from €7,605 to €2,038
- Advances received -€3,772
down €3,772 (-76.7%), from €4,915 to €1,143
- Accrued charges and deferred income -€3,307
no longer reported in 2025 (was €3,307)
- Other operating charges +€27,163
up €27,163 (+128%), from €21,247 to €48,410
- Taxes +€15,199
up €15,199 (+86.4%), from €17,589 to €32,788
- Depreciation +€12,018
new in 2025: €12,018
- Gross operating margin -€4,694
down €4,694 (-3.6%), from €129,298 to €124,604
- Staff costs +€2,700
new in 2025: €2,700
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 | €160,500 | €174,886 | +€14,386 | +9.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €44,520 | €30,655 | -€13,866 | -31.1% |
| Intangible fixed assets | 21 | €10,000 | €3,000 | -€7,000 | -70.0% |
| Tangible fixed assets | 22/27 | €18,200 | €11,335 | -€6,866 | -37.7% |
| Land and buildings | 22 | €3,611 | €2,747 | -€864 | -23.9% |
| Plant, machinery and equipment | 23 | €5,487 | €3,751 | -€1,736 | -31.6% |
| Furniture and vehicles | 24 | €9,102 | €4,836 | -€4,266 | -46.9% |
| Financial fixed assets | 28 | €16,320 | €16,320 | = | 0.0% |
| Current assets | 29/58 | €115,980 | €144,231 | +€28,251 | +24.4% |
| Amounts receivable within one year | 40/41 | €57,553 | €82,873 | +€25,320 | +44.0% |
| Trade receivables | 40 | €0 | €44 | +€44 | |
| Other amounts receivable | 41 | €57,553 | €82,828 | +€25,276 | +43.9% |
| Cash at bank and in hand | 54/58 | €55,120 | €61,359 | +€6,238 | +11.3% |
| Deferred charges and accrued income | 490/1 | €3,307 | - | -€3,307 | |
| Total equity and liabilities | 10/49 | €160,500 | €174,886 | +€14,386 | +9.0% |
| Equity | 10/15 | €23,274 | €51,797 | +€28,524 | +123% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €20,446 | €20,446 | = | 0.0% |
| Distributable reserves | 133 | €20,446 | €20,446 | = | 0.0% |
| Profit (loss) carried forward | 14 | €327 | €28,851 | +€28,524 | +8,716% |
| Amounts payable | 17/49 | €137,227 | €123,089 | -€14,138 | -10.3% |
| Amounts payable after more than one year | 17 | €4,200 | €4,200 | = | 0.0% |
| Other amounts payable | 178/9 | €4,200 | €4,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €129,719 | €118,889 | -€10,831 | -8.3% |
| Trade debts | 44 | €7,605 | €2,038 | -€5,568 | -73.2% |
| Suppliers | 440/4 | €7,605 | €2,038 | -€5,568 | -73.2% |
| Advances received on contracts in progress | 46 | €4,915 | €1,143 | -€3,772 | -76.7% |
| Taxes, remuneration and social security | 45 | €25,708 | €25,708 | = | 0.0% |
| Taxes | 450/3 | €25,708 | €25,708 | = | 0.0% |
| Other amounts payable | 47/48 | €91,491 | €90,000 | -€1,491 | -1.6% |
| Accrued charges and deferred income | 492/3 | €3,307 | - | -€3,307 | |
| Remuneration, social security and pensions | 62 | - | €2,700 | +€2,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €12,018 | +€12,018 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€0 | -€0 | |
| Other operating charges | 640/8 | €21,247 | €48,410 | +€27,163 | +128% |
| Gross operating margin | 9900 | €129,298 | €124,604 | -€4,694 | -3.6% |
| Operating profit (loss) | 9901 | €108,050 | €61,477 | -€46,574 | -43.1% |
| Financial charges | 65/66B | €134 | €165 | +€31 | +22.8% |
| Recurring financial charges | 65 | €134 | €165 | +€31 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €107,916 | €61,311 | -€46,605 | -43.2% |
| Income taxes | 67/77 | €17,589 | €32,788 | +€15,199 | +86.4% |
| Profit (loss) for the period | 9904 | €90,327 | €28,524 | -€61,804 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €90,327 | €28,524 | -€61,804 | -68.4% |
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 27 October 2026 via checked.be.