ADB FINISH: 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 FINISH
Largest movements
- Cash -€66,245
down €66,245 (-31.2%), from €212,648 to €146,404
mainly Other debts (-€89,070) and Receivables within one year (-€52,904)
- Receivables within one year +€52,904
up €52,904 (+7.9%), from €672,728 to €725,632
of which Trade receivables: +€62,990
- Other debts -€89,070
down €89,070 (-98.7%), from €90,278 to €1,209
- Trade debts +€83,565
up €83,565 (+27.2%), from €306,954 to €390,518
- Debts after one year -€11,496
down €11,496 (-29.8%), from €38,542 to €27,045
- Gross operating margin -€80,598
down €80,598 (-29.6%), from €272,412 to €191,814
- Depreciation +€14,815
up €14,815 (+108%), from €13,765 to €28,580
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 | €1,010,083 | €995,708 | -€14,375 | -1.4% |
| Fixed assets | 21/28 | €83,770 | €86,732 | +€2,962 | +3.5% |
| Tangible fixed assets | 22/27 | €75,410 | €78,372 | +€2,962 | +3.9% |
| Furniture and vehicles | 24 | €75,410 | €78,372 | +€2,962 | +3.9% |
| Financial fixed assets | 28 | €8,360 | €8,360 | = | 0.0% |
| Current assets | 29/58 | €926,313 | €908,976 | -€17,336 | -1.9% |
| Stocks and contracts in progress | 3 | €38,851 | €33,711 | -€5,140 | -13.2% |
| Stocks | 30/36 | €38,851 | €33,711 | -€5,140 | -13.2% |
| Amounts receivable within one year | 40/41 | €672,728 | €725,632 | +€52,904 | +7.9% |
| Trade receivables | 40 | €614,828 | €677,817 | +€62,990 | +10.2% |
| Other amounts receivable | 41 | €57,901 | €47,815 | -€10,086 | -17.4% |
| Cash at bank and in hand | 54/58 | €212,648 | €146,404 | -€66,245 | -31.2% |
| Deferred charges and accrued income | 490/1 | €2,085 | €3,229 | +€1,144 | +54.9% |
| Total equity and liabilities | 10/49 | €1,010,083 | €995,708 | -€14,375 | -1.4% |
| Equity | 10/15 | €550,379 | €549,372 | -€1,007 | -0.2% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €470,379 | €469,372 | -€1,007 | -0.2% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €462,379 | €461,372 | -€1,007 | -0.2% |
| Amounts payable | 17/49 | €459,704 | €446,336 | -€13,368 | -2.9% |
| Amounts payable after more than one year | 17 | €38,542 | €27,045 | -€11,496 | -29.8% |
| Financial debts | 170/4 | €38,542 | €27,045 | -€11,496 | -29.8% |
| Amounts payable within one year | 42/48 | €421,162 | €419,291 | -€1,872 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €10,989 | €11,496 | +€508 | +4.6% |
| Trade debts | 44 | €306,954 | €390,518 | +€83,565 | +27.2% |
| Suppliers | 440/4 | €306,954 | €390,518 | +€83,565 | +27.2% |
| Taxes, remuneration and social security | 45 | €12,942 | €16,067 | +€3,126 | +24.2% |
| Remuneration and social security | 454/9 | €12,942 | €16,067 | +€3,126 | +24.2% |
| Other amounts payable | 47/48 | €90,278 | €1,209 | -€89,070 | -98.7% |
| Non-recurring operating income | 76A | €2,000 | €9,917 | +€7,917 | +396% |
| Remuneration, social security and pensions | 62 | €158,401 | €158,915 | +€514 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,765 | €28,580 | +€14,815 | +108% |
| Other operating charges | 640/8 | €3,003 | €1,716 | -€1,287 | -42.8% |
| Gross operating margin | 9900 | €272,412 | €191,814 | -€80,598 | -29.6% |
| Operating profit (loss) | 9901 | €97,243 | €2,602 | -€94,641 | -97.3% |
| Financial income | 75/76B | €12 | €1,091 | +€1,079 | +8,774% |
| Recurring financial income | 75 | €12 | €1,091 | +€1,079 | +8,774% |
| Financial charges | 65/66B | €2,212 | €2,673 | +€461 | +20.8% |
| Recurring financial charges | 65 | €2,212 | €2,673 | +€461 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €95,043 | €1,020 | -€94,023 | -98.9% |
| Income taxes | 67/77 | €1,732 | €2,027 | +€295 | +17.0% |
| Profit (loss) for the period | 9904 | €93,311 | -€1,007 | -€94,317 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,311 | -€1,007 | -€94,317 |
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 23 October 2026 via checked.be.