ADB CONCEPT: 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.
ADB CONCEPT
Largest movements
- Current investments +€30,000
up €30,000 (+13.0%), from €230,000 to €260,000
- Cash +€20,134
up €20,134 (+47.6%), from €42,258 to €62,393
mainly Net result for the year (+€51,585) and Tax, wage and social debts (+€1,320)
- Reserves +€50,725
up €50,725 (+19.3%), from €263,172 to €313,897
- Gross operating margin +€13,870
up €13,870 (+22.8%), from €60,921 to €74,790
- Taxes +€7,679
up €7,679 (+38.5%), from €19,921 to €27,600
- Financial income -€865
down €865 (-11.6%), from €7,488 to €6,623
of which Financial income: -€890
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 | €291,361 | €340,246 | +€48,885 | +16.8% |
| Fixed assets | 21/28 | €3,039 | €2,241 | -€798 | -26.3% |
| Tangible fixed assets | 22/27 | €3,009 | €2,241 | -€768 | -25.5% |
| Furniture and vehicles | 24 | €3,009 | €2,241 | -€768 | -25.5% |
| Financial fixed assets | 28 | €30 | - | -€30 | |
| Current assets | 29/58 | €288,322 | €338,006 | +€49,683 | +17.2% |
| Amounts receivable within one year | 40/41 | €14,074 | €14,495 | +€421 | +3.0% |
| Trade receivables | 40 | €10,800 | €12,615 | +€1,815 | +16.8% |
| Other amounts receivable | 41 | €3,274 | €1,880 | -€1,395 | -42.6% |
| Current investments | 50/53 | €230,000 | €260,000 | +€30,000 | +13.0% |
| Cash at bank and in hand | 54/58 | €42,258 | €62,393 | +€20,134 | +47.6% |
| Deferred charges and accrued income | 490/1 | €1,989 | €1,117 | -€872 | -43.8% |
| Total equity and liabilities | 10/49 | €291,361 | €340,246 | +€48,885 | +16.8% |
| Equity | 10/15 | €281,772 | €332,497 | +€50,725 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €263,172 | €313,897 | +€50,725 | +19.3% |
| Distributable reserves | 133 | €263,172 | €313,897 | +€50,725 | +19.3% |
| Amounts payable | 17/49 | €9,589 | €7,749 | -€1,840 | -19.2% |
| Amounts payable within one year | 42/48 | €7,273 | €5,682 | -€1,591 | -21.9% |
| Trade debts | 44 | €5,374 | €2,569 | -€2,806 | -52.2% |
| Suppliers | 440/4 | €5,374 | €2,569 | -€2,806 | -52.2% |
| Taxes, remuneration and social security | 45 | €654 | €1,974 | +€1,320 | +201.8% |
| Taxes | 450/3 | €654 | €1,974 | +€1,320 | +201.8% |
| Other amounts payable | 47/48 | €1,245 | €1,140 | -€105 | -8.4% |
| Accrued charges and deferred income | 492/3 | €2,316 | €2,067 | -€249 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €768 | €768 | = | 0.0% |
| Other operating charges | 640/8 | €980 | €992 | +€12 | +1.2% |
| Gross operating margin | 9900 | €60,921 | €74,790 | +€13,870 | +22.8% |
| Operating profit (loss) | 9901 | €59,173 | €73,031 | +€13,858 | +23.4% |
| Financial income | 75/76B | €7,488 | €6,623 | -€865 | -11.6% |
| Recurring financial income | 75 | €7,488 | €6,598 | -€890 | -11.9% |
| Non-recurring financial income | 76B | - | €25 | +€25 | |
| Financial charges | 65/66B | €653 | €469 | -€184 | -28.2% |
| Recurring financial charges | 65 | €653 | €469 | -€184 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €66,008 | €79,185 | +€13,177 | +20.0% |
| Income taxes | 67/77 | €19,921 | €27,600 | +€7,679 | +38.5% |
| Profit (loss) for the period | 9904 | €46,087 | €51,585 | +€5,498 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,087 | €51,585 | +€5,498 | +11.9% |
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 6 October 2026 via checked.be.