ADB fisc: 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 fisc
Largest movements
- Cash +€29,885
up €29,885 (+208%), from €14,393 to €44,278
mainly Debts after one year (+€82,732) and Depreciation (+€6,962)
- Tangible fixed assets -€5,248
down €5,248 (-1.9%), from €283,119 to €277,871
of which Furniture and vehicles: -€3,759
- Receivables within one year +€3,723
up €3,723 (+13.0%), from €28,544 to €32,267
of which Other amounts receivable: +€7,588
- Debts after one year +€82,732
up €82,732 (+70.3%), from €117,712 to €200,444
- Trade debts -€41,763
down €41,763 (-42.9%), from €97,342 to €55,579
- Tax, wage and social debts -€7,560
down €7,560 (-49.1%), from €15,386 to €7,826
of which Taxes: -€4,602
- Profit (loss) carried forward -€5,130
new in 2025: -€5,130
- Gross operating margin -€36,304
down €36,304 (-35.9%), from €101,060 to €64,755
- Staff costs -€10,399
down €10,399 (-15.9%), from €65,403 to €55,004
- Taxes -€7,983
down €7,983 (-98.4%), from €8,115 to €132
- Other operating charges +€1,496
up €1,496 (+65.8%), from €2,274 to €3,769
- Financial charges -€1,467
down €1,467 (-22.0%), from €6,671 to €5,204
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 | €334,761 | €361,381 | +€26,619 | +8.0% |
| Fixed assets | 21/28 | €283,119 | €277,876 | -€5,243 | -1.9% |
| Tangible fixed assets | 22/27 | €283,119 | €277,871 | -€5,248 | -1.9% |
| Land and buildings | 22 | €276,880 | €275,391 | -€1,489 | -0.5% |
| Furniture and vehicles | 24 | €6,238 | €2,480 | -€3,759 | -60.3% |
| Financial fixed assets | 28 | - | €5 | +€5 | |
| Current assets | 29/58 | €51,643 | €83,505 | +€31,862 | +61.7% |
| Amounts receivable within one year | 40/41 | €28,544 | €32,267 | +€3,723 | +13.0% |
| Trade receivables | 40 | €28,544 | €24,679 | -€3,865 | -13.5% |
| Other amounts receivable | 41 | - | €7,588 | +€7,588 | |
| Cash at bank and in hand | 54/58 | €14,393 | €44,278 | +€29,885 | +208% |
| Deferred charges and accrued income | 490/1 | €8,706 | €6,959 | -€1,747 | -20.1% |
| Total equity and liabilities | 10/49 | €334,761 | €361,381 | +€26,619 | +8.0% |
| Equity | 10/15 | €84,003 | €77,753 | -€6,250 | -7.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €64,003 | €62,883 | -€1,120 | -1.7% |
| Distributable reserves | 133 | €64,003 | €62,883 | -€1,120 | -1.7% |
| Profit (loss) carried forward | 14 | - | -€5,130 | -€5,130 | |
| Amounts payable | 17/49 | €250,758 | €283,628 | +€32,869 | +13.1% |
| Amounts payable after more than one year | 17 | €117,712 | €200,444 | +€82,732 | +70.3% |
| Financial debts | 170/4 | €117,712 | €200,444 | +€82,732 | +70.3% |
| Amounts payable within one year | 42/48 | €133,001 | €83,151 | -€49,850 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €16,625 | €17,268 | +€643 | +3.9% |
| Trade debts | 44 | €97,342 | €55,579 | -€41,763 | -42.9% |
| Suppliers | 440/4 | €97,342 | €55,579 | -€41,763 | -42.9% |
| Taxes, remuneration and social security | 45 | €15,386 | €7,826 | -€7,560 | -49.1% |
| Taxes | 450/3 | €7,591 | €2,989 | -€4,602 | -60.6% |
| Remuneration and social security | 454/9 | €7,796 | €4,837 | -€2,958 | -38.0% |
| Other amounts payable | 47/48 | €3,648 | €2,478 | -€1,170 | -32.1% |
| Accrued charges and deferred income | 492/3 | €46 | €33 | -€13 | -27.8% |
| Remuneration, social security and pensions | 62 | €65,403 | €55,004 | -€10,399 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,929 | €6,962 | +€1,033 | +17.4% |
| Other operating charges | 640/8 | €2,274 | €3,769 | +€1,496 | +65.8% |
| Gross operating margin | 9900 | €101,060 | €64,755 | -€36,304 | -35.9% |
| Operating profit (loss) | 9901 | €27,454 | -€980 | -€28,434 | |
| Financial income | 75/76B | €2 | €66 | +€65 | +4,086% |
| Recurring financial income | 75 | €2 | €66 | +€65 | +4,086% |
| Financial charges | 65/66B | €6,671 | €5,204 | -€1,467 | -22.0% |
| Recurring financial charges | 65 | €6,671 | €5,204 | -€1,467 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €20,785 | -€6,118 | -€26,903 | |
| Income taxes | 67/77 | €8,115 | €132 | -€7,983 | -98.4% |
| Profit (loss) for the period | 9904 | €12,669 | -€6,250 | -€18,919 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,669 | -€6,250 | -€18,919 |
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 28 October 2026 via checked.be.