ADB TEAM: 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 TEAM
Largest movements
- Cash +€334,724
up €334,724 (+3344.7%), from €10,008 to €344,732
mainly Net result for the year (+€189,272) and Tax, wage and social debts (+€154,735)
- Receivables within one year -€49,290
down €49,290 (-82.6%), from €59,684 to €10,394
- Reserves +€189,272
up €189,272 (+3598.8%), from €5,259 to €194,531
- Tax, wage and social debts +€154,735
up €154,735 (+3605.1%), from €4,292 to €159,027
of which Taxes: +€154,333
- Other debts -€59,295
down €59,295 (-93.3%), from €63,584 to €4,289
- Gross operating margin +€264,860
up €264,860 (+845.7%), from €31,318 to €296,178
- Taxes +€90,642
up €90,642 (+7054.4%), from €1,285 to €91,927
- Depreciation -€28,889
no longer reported in 2025 (was €28,889)
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 | €70,092 | €355,526 | +€285,434 | +407.2% |
| Fixed assets | 21/28 | €400 | €400 | = | 0.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €69,692 | €355,126 | +€285,434 | +409.6% |
| Amounts receivable within one year | 40/41 | €59,684 | €10,394 | -€49,290 | -82.6% |
| Trade receivables | 40 | €59,684 | €10,394 | -€49,290 | -82.6% |
| Cash at bank and in hand | 54/58 | €10,008 | €344,732 | +€334,724 | +3344.7% |
| Total equity and liabilities | 10/49 | €70,092 | €355,526 | +€285,434 | +407.2% |
| Equity | 10/15 | €1,685 | €190,957 | +€189,272 | +11235.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €5,259 | €194,531 | +€189,272 | +3598.8% |
| Distributable reserves | 133 | €5,259 | €194,531 | +€189,272 | +3598.8% |
| Profit (loss) carried forward | 14 | -€13,575 | -€13,575 | = | 0.0% |
| Amounts payable | 17/49 | €68,407 | €164,569 | +€96,162 | +140.6% |
| Amounts payable within one year | 42/48 | €68,407 | €164,569 | +€96,162 | +140.6% |
| Trade debts | 44 | €532 | €1,253 | +€722 | +135.7% |
| Suppliers | 440/4 | €532 | €1,253 | +€722 | +135.7% |
| Taxes, remuneration and social security | 45 | €4,292 | €159,027 | +€154,735 | +3605.1% |
| Taxes | 450/3 | €2,836 | €157,169 | +€154,333 | +5441.9% |
| Remuneration and social security | 454/9 | €1,456 | €1,858 | +€402 | +27.6% |
| Other amounts payable | 47/48 | €63,584 | €4,289 | -€59,295 | -93.3% |
| Non-recurring operating income | 76A | €2,198 | - | -€2,198 | |
| Remuneration, social security and pensions | 62 | €9,773 | €9,931 | +€158 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,889 | - | -€28,889 | |
| Other operating charges | 640/8 | €6,180 | €4,833 | -€1,347 | -21.8% |
| Gross operating margin | 9900 | €31,318 | €296,178 | +€264,860 | +845.7% |
| Operating profit (loss) | 9901 | -€13,525 | €281,414 | +€294,939 | |
| Financial charges | 65/66B | €217 | €215 | -€2 | -0.9% |
| Recurring financial charges | 65 | €217 | €215 | -€2 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,742 | €281,199 | +€294,941 | |
| Income taxes | 67/77 | €1,285 | €91,927 | +€90,642 | +7054.4% |
| Profit (loss) for the period | 9904 | -€15,027 | €189,272 | +€204,299 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,027 | €189,272 | +€204,299 |
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 7 October 2026 via checked.be.