ADBROCON: 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.
ADBROCON
Largest movements
- Cash -€278,250
down €278,250 (-89.9%), from €309,472 to €31,222
mainly Net result for the year (-€190,573) and Receivables within one year (-€86,728)
- Receivables within one year +€86,728
up €86,728 (+188%), from €46,222 to €132,950
of which Trade receivables: +€83,211
- Deferred charges and accrued income -€73,554
down €73,554 (-94.9%), from €77,506 to €3,951
- Tangible fixed assets +€61,919
up €61,919 (+2.4%), from €2.6m to €2.6m
of which Land and buildings: +€74,941
- Profit (loss) carried forward -€190,573
down €190,573 (-15.0%), from -€1.3m to -€1.5m
- Accrued charges and deferred income +€98,084
up €98,084 (+437%), from €22,465 to €120,548
- Debts after one year -€85,000
down €85,000 (-2.5%), from €3.5m to €3.4m
- Tax, wage and social debts -€43,516
down €43,516 (-6.4%), from €678,413 to €634,897
of which Remuneration and social security: -€43,775
- Financial income +€44,431
up €44,431 (+3,119%), from €1,425 to €45,856
of which Non-recurring financial income: +€42,873
- Financial charges -€27,221
down €27,221 (-14.1%), from €192,589 to €165,368
- Gross operating margin -€23,626
down €23,626 (-429%), from -€5,504 to -€29,129
- Depreciation +€3,175
up €3,175 (+11.7%), from €27,235 to €30,410
- Other operating charges -€1,541
down €1,541 (-11.8%), from €13,063 to €11,521
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 | €3,058,524 | €2,848,742 | -€209,782 | -6.9% |
| Fixed assets | 21/28 | €2,625,325 | €2,680,619 | +€55,294 | +2.1% |
| Intangible fixed assets | 21 | €36,391 | €29,767 | -€6,624 | -18.2% |
| Tangible fixed assets | 22/27 | €2,587,684 | €2,649,602 | +€61,919 | +2.4% |
| Land and buildings | 22 | €2,537,829 | €2,612,769 | +€74,941 | +3.0% |
| Plant, machinery and equipment | 23 | €8,474 | €5,739 | -€2,735 | -32.3% |
| Furniture and vehicles | 24 | €41,381 | €31,094 | -€10,287 | -24.9% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €433,199 | €168,123 | -€265,076 | -61.2% |
| Amounts receivable within one year | 40/41 | €46,222 | €132,950 | +€86,728 | +188% |
| Trade receivables | 40 | €22,622 | €105,833 | +€83,211 | +368% |
| Other amounts receivable | 41 | €23,599 | €27,117 | +€3,518 | +14.9% |
| Cash at bank and in hand | 54/58 | €309,472 | €31,222 | -€278,250 | -89.9% |
| Deferred charges and accrued income | 490/1 | €77,506 | €3,951 | -€73,554 | -94.9% |
| Total equity and liabilities | 10/49 | €3,058,524 | €2,848,742 | -€209,782 | -6.9% |
| Equity | 10/15 | -€1,116,897 | -€1,307,470 | -€190,573 | -17.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €91,156 | €91,156 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €84,956 | €84,956 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,270,053 | -€1,460,626 | -€190,573 | -15.0% |
| Amounts payable | 17/49 | €4,175,421 | €4,156,212 | -€19,209 | -0.5% |
| Amounts payable after more than one year | 17 | €3,465,500 | €3,380,500 | -€85,000 | -2.5% |
| Financial debts | 170/4 | €3,465,500 | €3,380,500 | -€85,000 | -2.5% |
| Amounts payable within one year | 42/48 | €687,456 | €655,163 | -€32,292 | -4.7% |
| Trade debts | 44 | €5,193 | €16,416 | +€11,223 | +216% |
| Suppliers | 440/4 | €5,193 | €16,416 | +€11,223 | +216% |
| Taxes, remuneration and social security | 45 | €678,413 | €634,897 | -€43,516 | -6.4% |
| Taxes | 450/3 | €245 | €504 | +€259 | +106% |
| Remuneration and social security | 454/9 | €678,168 | €634,393 | -€43,775 | -6.5% |
| Other amounts payable | 47/48 | €3,850 | €3,850 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €22,465 | €120,548 | +€98,084 | +437% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,235 | €30,410 | +€3,175 | +11.7% |
| Other operating charges | 640/8 | €13,063 | €11,521 | -€1,541 | -11.8% |
| Non-recurring operating charges | 66A | €20,436 | - | -€20,436 | |
| Gross operating margin | 9900 | -€5,504 | -€29,129 | -€23,626 | -429% |
| Operating profit (loss) | 9901 | -€66,237 | -€71,061 | -€4,824 | -7.3% |
| Financial income | 75/76B | €1,425 | €45,856 | +€44,431 | +3,119% |
| Recurring financial income | 75 | €16 | €1,574 | +€1,558 | +9,737% |
| Non-recurring financial income | 76B | €1,409 | €44,282 | +€42,873 | +3,043% |
| Financial charges | 65/66B | €192,589 | €165,368 | -€27,221 | -14.1% |
| Recurring financial charges | 65 | €192,589 | €165,368 | -€27,221 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€257,402 | -€190,573 | +€66,829 | +26.0% |
| Profit (loss) for the period | 9904 | -€257,402 | -€190,573 | +€66,829 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€257,402 | -€190,573 | +€66,829 | +26.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.