ADB - Construct: 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 - Construct
Largest movements
- Receivables within one year +€77,755
up €77,755 (+105.8%), from €73,522 to €151,278
of which Other amounts receivable: +€130,836
- Tangible fixed assets -€5,464
down €5,464 (-51.3%), from €10,642 to €5,178
of which Plant, machinery and equipment: -€3,165
- Reserves +€55,387
up €55,387 (+543.3%), from €10,195 to €65,583
- Other debts +€31,503
up €31,503 (+120.3%), from €26,184 to €57,687
- Trade debts -€27,512
down €27,512 (-69.9%), from €39,364 to €11,852
- Tax, wage and social debts +€13,000
up €13,000 (+256.3%), from €5,073 to €18,073
of which Taxes: +€13,963
- Gross operating margin +€53,903
up €53,903 (+237.5%), from €22,693 to €76,596
- Taxes +€11,173
up €11,173 (+400.3%), from €2,791 to €13,963
- Other operating charges -€1,775
down €1,775 (-49.8%), from €3,566 to €1,792
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 | €85,817 | €158,194 | +€72,377 | +84.3% |
| Fixed assets | 21/28 | €10,642 | €5,178 | -€5,464 | -51.3% |
| Tangible fixed assets | 22/27 | €10,642 | €5,178 | -€5,464 | -51.3% |
| Plant, machinery and equipment | 23 | €5,177 | €2,012 | -€3,165 | -61.1% |
| Furniture and vehicles | 24 | €5,465 | €3,166 | -€2,298 | -42.1% |
| Current assets | 29/58 | €75,175 | €153,016 | +€77,841 | +103.5% |
| Amounts receivable within one year | 40/41 | €73,522 | €151,278 | +€77,755 | +105.8% |
| Trade receivables | 40 | €69,404 | €16,324 | -€53,081 | -76.5% |
| Other amounts receivable | 41 | €4,118 | €134,954 | +€130,836 | +3177.1% |
| Cash at bank and in hand | 54/58 | €1,518 | €1,575 | +€57 | +3.8% |
| Deferred charges and accrued income | 490/1 | €135 | €163 | +€28 | +20.7% |
| Total equity and liabilities | 10/49 | €85,817 | €158,194 | +€72,377 | +84.3% |
| Equity | 10/15 | €15,195 | €70,583 | +€55,387 | +364.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,195 | €65,583 | +€55,387 | +543.3% |
| Distributable reserves | 133 | €10,195 | €65,583 | +€55,387 | +543.3% |
| Amounts payable | 17/49 | €70,621 | €87,611 | +€16,990 | +24.1% |
| Amounts payable within one year | 42/48 | €70,621 | €87,611 | +€16,990 | +24.1% |
| Trade debts | 44 | €39,364 | €11,852 | -€27,512 | -69.9% |
| Suppliers | 440/4 | €39,364 | €11,852 | -€27,512 | -69.9% |
| Taxes, remuneration and social security | 45 | €5,073 | €18,073 | +€13,000 | +256.3% |
| Taxes | 450/3 | €2,791 | €16,754 | +€13,963 | +500.3% |
| Remuneration and social security | 454/9 | €2,282 | €1,318 | -€964 | -42.2% |
| Other amounts payable | 47/48 | €26,184 | €57,687 | +€31,503 | +120.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,178 | €5,464 | -€715 | -11.6% |
| Other operating charges | 640/8 | €3,566 | €1,792 | -€1,775 | -49.8% |
| Gross operating margin | 9900 | €22,693 | €76,596 | +€53,903 | +237.5% |
| Operating profit (loss) | 9901 | €12,948 | €69,341 | +€56,393 | +435.5% |
| Financial income | 75/76B | €124 | €86 | -€39 | -31.1% |
| Recurring financial income | 75 | €124 | €86 | -€39 | -31.1% |
| Financial charges | 65/66B | €86 | €76 | -€10 | -11.7% |
| Recurring financial charges | 65 | €86 | €76 | -€10 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €12,986 | €69,351 | +€56,364 | +434.0% |
| Income taxes | 67/77 | €2,791 | €13,963 | +€11,173 | +400.3% |
| Profit (loss) for the period | 9904 | €10,195 | €55,387 | +€45,192 | +443.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,195 | €55,387 | +€45,192 | +443.3% |
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 1 October 2026 via checked.be.