ADBS Project: 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.
ADBS Project
Largest movements
- Stocks and contracts +€341,641
up €341,641 (+106.3%), from €321,342 to €662,983
of which Stocks: +€344,036
- Receivables within one year -€323,354
down €323,354 (-99.2%), from €325,809 to €2,456
of which Other amounts receivable: -€310,525
- Debts after one year -€460,000
down €460,000 (-100.0%), from €460,000 to €0
- Current portion of long-term debt +€460,000
up €460,000, from €0 to €460,000
- Trade debts +€35,212
up €35,212 (+157.8%), from €22,309 to €57,521
- Tax, wage and social debts -€16,401
down €16,401 (-100.0%), from €16,401 to €0
- Profit (loss) carried forward -€7,556
down €7,556 (-7.8%), from €97,190 to €89,634
- Gross operating margin -€67,776
down €67,776 (-85.6%), from €79,166 to €11,389
- Taxes -€16,401
down €16,401 (-100.0%), from €16,401 to €0
- Financial charges +€5,741
up €5,741 (+49.3%), from €11,639 to €17,380
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 | €663,400 | €674,659 | +€11,259 | +1.7% |
| Formation expenses | 20 | €915 | €262 | -€653 | -71.4% |
| Fixed assets | 21/28 | €386 | €826 | +€440 | +113.9% |
| Tangible fixed assets | 22/27 | €386 | €826 | +€440 | +113.9% |
| Plant, machinery and equipment | 23 | €386 | €826 | +€440 | +113.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €662,099 | €673,571 | +€11,473 | +1.7% |
| Stocks and contracts in progress | 3 | €321,342 | €662,983 | +€341,641 | +106.3% |
| Stocks | 30/36 | €317,450 | €661,486 | +€344,036 | +108.4% |
| Contracts in progress | 37 | €3,892 | €1,498 | -€2,394 | -61.5% |
| Amounts receivable within one year | 40/41 | €325,809 | €2,456 | -€323,354 | -99.2% |
| Trade receivables | 40 | €12,828 | €0 | -€12,828 | -100.0% |
| Other amounts receivable | 41 | €312,981 | €2,456 | -€310,525 | -99.2% |
| Cash at bank and in hand | 54/58 | €9,895 | €4,254 | -€5,641 | -57.0% |
| Deferred charges and accrued income | 490/1 | €5,052 | €3,878 | -€1,175 | -23.2% |
| Total equity and liabilities | 10/49 | €663,400 | €674,659 | +€11,259 | +1.7% |
| Equity | 10/15 | €164,690 | €157,134 | -€7,556 | -4.6% |
| Contributions | 10/11 | €67,500 | €67,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,190 | €89,634 | -€7,556 | -7.8% |
| Amounts payable | 17/49 | €498,710 | €517,525 | +€18,815 | +3.8% |
| Amounts payable after more than one year | 17 | €460,000 | €0 | -€460,000 | -100.0% |
| Financial debts | 170/4 | €460,000 | €0 | -€460,000 | -100.0% |
| Amounts payable within one year | 42/48 | €38,710 | €517,521 | +€478,811 | +1236.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €460,000 | +€460,000 | |
| Trade debts | 44 | €22,309 | €57,521 | +€35,212 | +157.8% |
| Suppliers | 440/4 | €22,309 | €57,521 | +€35,212 | +157.8% |
| Taxes, remuneration and social security | 45 | €16,401 | €0 | -€16,401 | -100.0% |
| Taxes | 450/3 | €16,401 | €0 | -€16,401 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,660 | €1,178 | -€482 | -29.1% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €79,166 | €11,389 | -€67,776 | -85.6% |
| Operating profit (loss) | 9901 | €77,121 | €9,824 | -€67,297 | -87.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €11,639 | €17,380 | +€5,741 | +49.3% |
| Recurring financial charges | 65 | €11,639 | €17,380 | +€5,741 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | €65,482 | -€7,556 | -€73,038 | |
| Income taxes | 67/77 | €16,401 | €0 | -€16,401 | -100.0% |
| Profit (loss) for the period | 9904 | €49,082 | -€7,556 | -€56,637 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,082 | -€7,556 | -€56,637 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.