ADB SERVICES: 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 SERVICES
Largest movements
- Tangible fixed assets +€847,201
up €847,201 (+2613.6%), from €32,415 to €879,616
of which Land and buildings: +€859,009
- Current investments -€302,142
no longer reported in 2025 (was €302,142)
- Receivables within one year +€159,051
up €159,051 (+165.7%), from €96,002 to €255,052
of which Other amounts receivable: +€197,938
- Cash +€26,367
up €26,367 (+31.2%), from €84,612 to €110,979
mainly Debts after one year (+€775,218) and Current investments (+€302,142)
- Debts after one year +€775,218
up €775,218 (+3536.5%), from €21,920 to €797,138
- Provisions -€197,564
no longer reported in 2025 (was €197,564)
of which Deferred taxes: -€137,564
- Reserves +€131,157
up €131,157 (+31.8%), from €412,692 to €543,849
- Trade debts +€18,431
up €18,431 (+1643.6%), from €1,121 to €19,553
- Gross operating margin -€231,612
down €231,612 (-73.0%), from €317,434 to €85,821
- Provisions -€60,000
new in 2025: -€60,000
- Financial charges +€46,318
up €46,318 (+2513.9%), from €1,842 to €48,161
of which Non-recurring financial charges: +€26,533
- Depreciation +€15,199
up €15,199 (+121.2%), from €12,536 to €27,735
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 | €735,761 | €1,460,705 | +€724,944 | +98.5% |
| Fixed assets | 21/28 | €233,407 | €1,082,554 | +€849,147 | +363.8% |
| Tangible fixed assets | 22/27 | €32,415 | €879,616 | +€847,201 | +2613.6% |
| Land and buildings | 22 | - | €859,009 | +€859,009 | |
| Furniture and vehicles | 24 | €32,415 | €20,607 | -€11,808 | -36.4% |
| Financial fixed assets | 28 | €200,993 | €202,938 | +€1,945 | +1.0% |
| Current assets | 29/58 | €502,354 | €378,151 | -€124,203 | -24.7% |
| Stocks and contracts in progress | 3 | €15,825 | €7,302 | -€8,523 | -53.9% |
| Stocks | 30/36 | €15,825 | €7,302 | -€8,523 | -53.9% |
| Amounts receivable within one year | 40/41 | €96,002 | €255,052 | +€159,051 | +165.7% |
| Trade receivables | 40 | €93,940 | €55,052 | -€38,888 | -41.4% |
| Other amounts receivable | 41 | €2,062 | €200,000 | +€197,938 | +9600.8% |
| Current investments | 50/53 | €302,142 | - | -€302,142 | |
| Cash at bank and in hand | 54/58 | €84,612 | €110,979 | +€26,367 | +31.2% |
| Deferred charges and accrued income | 490/1 | €3,774 | €4,818 | +€1,044 | +27.7% |
| Total equity and liabilities | 10/49 | €735,761 | €1,460,705 | +€724,944 | +98.5% |
| Equity | 10/15 | €419,304 | €550,933 | +€131,629 | +31.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €412,692 | €543,849 | +€131,157 | +31.8% |
| Tax-exempt reserves | 132 | €412,692 | €543,849 | +€131,157 | +31.8% |
| Profit (loss) carried forward | 14 | €1,612 | €2,085 | +€472 | +29.3% |
| Provisions and deferred taxes | 16 | €197,564 | - | -€197,564 | |
| Provisions for liabilities and charges | 160/5 | €60,000 | - | -€60,000 | |
| Environmental obligations | 163 | €60,000 | - | -€60,000 | |
| Deferred taxes | 168 | €137,564 | - | -€137,564 | |
| Amounts payable | 17/49 | €118,894 | €909,772 | +€790,878 | +665.2% |
| Amounts payable after more than one year | 17 | €21,920 | €797,138 | +€775,218 | +3536.5% |
| Financial debts | 170/4 | €21,920 | €797,138 | +€775,218 | +3536.5% |
| Amounts payable within one year | 42/48 | €96,625 | €112,634 | +€16,009 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €27,792 | €20,565 | -€7,226 | -26.0% |
| Financial debts | 43 | €866 | - | -€866 | |
| Credit institutions | 430/8 | €866 | - | -€866 | |
| Trade debts | 44 | €1,121 | €19,553 | +€18,431 | +1643.6% |
| Suppliers | 440/4 | €1,121 | €19,553 | +€18,431 | +1643.6% |
| Taxes, remuneration and social security | 45 | €7,249 | €9,258 | +€2,008 | +27.7% |
| Taxes | 450/3 | €5,580 | €9,106 | +€3,526 | +63.2% |
| Remuneration and social security | 454/9 | €1,670 | €152 | -€1,518 | -90.9% |
| Other amounts payable | 47/48 | €59,597 | €63,258 | +€3,661 | +6.1% |
| Accrued charges and deferred income | 492/3 | €349 | - | -€349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,536 | €27,735 | +€15,199 | +121.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€60,000 | -€60,000 | |
| Other operating charges | 640/8 | €2,762 | - | -€2,762 | |
| Gross operating margin | 9900 | €317,434 | €85,821 | -€231,612 | -73.0% |
| Operating profit (loss) | 9901 | €302,135 | €118,086 | -€184,049 | -60.9% |
| Financial income | 75/76B | €10,455 | €8,665 | -€1,791 | -17.1% |
| Recurring financial income | 75 | €10,455 | €8,665 | -€1,791 | -17.1% |
| Financial charges | 65/66B | €1,842 | €48,161 | +€46,318 | +2513.9% |
| Recurring financial charges | 65 | €1,842 | €21,628 | +€19,786 | +1073.9% |
| Non-recurring financial charges | 66B | - | €26,533 | +€26,533 | |
| Profit (loss) for the period before taxes | 9903 | €310,748 | €78,590 | -€232,158 | -74.7% |
| Transfer from deferred taxes | 780 | - | €6,407 | +€6,407 | |
| Transfer to deferred taxes | 680 | €57,535 | - | -€57,535 | |
| Income taxes | 67/77 | €21,075 | €22,525 | +€1,450 | +6.9% |
| Profit (loss) for the period | 9904 | €232,138 | €62,472 | -€169,665 | -73.1% |
| Transfer to tax-exempt reserves | 689 | €172,606 | - | -€172,606 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,532 | €62,472 | +€2,941 | +4.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.