ADC: 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.
ADC
Largest movements
- Cash +€51,816
up €51,816 (+550.7%), from €9,410 to €61,225
mainly Other debts (+€123,311) and Net result for the year (+€26,585)
- Receivables within one year +€48,981
up €48,981 (+68.9%), from €71,050 to €120,031
of which Other amounts receivable: +€40,250
- Tangible fixed assets -€6,374
down €6,374 (-21.2%), from €30,003 to €23,629
of which Plant, machinery and equipment: -€5,239
- Other debts +€123,311
up €123,311, from €0 to €123,311
- Reserves -€48,000
down €48,000 (-92.3%), from €52,000 to €4,000
- Tax, wage and social debts +€15,094
up €15,094 (+40.8%), from €36,963 to €52,057
of which Remuneration and social security: +€8,538
- Trade debts +€5,592
up €5,592 (+30.1%), from €18,575 to €24,168
- Staff costs +€66,827
up €66,827 (+214.2%), from €31,199 to €98,026
- Gross operating margin +€41,357
up €41,357 (+39.6%), from €104,541 to €145,898
- Depreciation +€6,743
up €6,743 (+236.5%), from €2,851 to €9,594
- Taxes -€5,918
down €5,918 (-38.7%), from €15,284 to €9,366
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 | €111,186 | €207,230 | +€96,044 | +86.4% |
| Fixed assets | 21/28 | €30,053 | €23,679 | -€6,374 | -21.2% |
| Tangible fixed assets | 22/27 | €30,003 | €23,629 | -€6,374 | -21.2% |
| Plant, machinery and equipment | 23 | €13,705 | €8,466 | -€5,239 | -38.2% |
| Furniture and vehicles | 24 | €10,778 | €7,936 | -€2,842 | -26.4% |
| Other tangible fixed assets | 26 | €5,520 | €7,227 | +€1,707 | +30.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €81,133 | €183,551 | +€102,418 | +126.2% |
| Amounts receivable within one year | 40/41 | €71,050 | €120,031 | +€48,981 | +68.9% |
| Trade receivables | 40 | €40,991 | €49,722 | +€8,731 | +21.3% |
| Other amounts receivable | 41 | €30,059 | €70,309 | +€40,250 | +133.9% |
| Cash at bank and in hand | 54/58 | €9,410 | €61,225 | +€51,816 | +550.7% |
| Deferred charges and accrued income | 490/1 | €674 | €2,295 | +€1,621 | +240.6% |
| Total equity and liabilities | 10/49 | €111,186 | €207,230 | +€96,044 | +86.4% |
| Equity | 10/15 | €55,648 | €7,232 | -€48,415 | -87.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €52,000 | €4,000 | -€48,000 | -92.3% |
| Distributable reserves | 133 | €52,000 | €4,000 | -€48,000 | -92.3% |
| Profit (loss) carried forward | 14 | €648 | €232 | -€415 | -64.1% |
| Amounts payable | 17/49 | €55,538 | €199,998 | +€144,460 | +260.1% |
| Amounts payable within one year | 42/48 | €55,538 | €199,536 | +€143,997 | +259.3% |
| Trade debts | 44 | €18,575 | €24,168 | +€5,592 | +30.1% |
| Suppliers | 440/4 | €18,575 | €24,168 | +€5,592 | +30.1% |
| Taxes, remuneration and social security | 45 | €36,963 | €52,057 | +€15,094 | +40.8% |
| Taxes | 450/3 | €31,768 | €38,325 | +€6,556 | +20.6% |
| Remuneration and social security | 454/9 | €5,195 | €13,733 | +€8,538 | +164.4% |
| Other amounts payable | 47/48 | €0 | €123,311 | +€123,311 | |
| Accrued charges and deferred income | 492/3 | €0 | €462 | +€462 | |
| Remuneration, social security and pensions | 62 | €31,199 | €98,026 | +€66,827 | +214.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,851 | €9,594 | +€6,743 | +236.5% |
| Other operating charges | 640/8 | €1,384 | €1,522 | +€138 | +10.0% |
| Gross operating margin | 9900 | €104,541 | €145,898 | +€41,357 | +39.6% |
| Operating profit (loss) | 9901 | €69,108 | €36,757 | -€32,351 | -46.8% |
| Financial income | 75/76B | €731 | €2 | -€729 | -99.7% |
| Recurring financial income | 75 | €731 | €2 | -€729 | -99.7% |
| Financial charges | 65/66B | €768 | €808 | +€40 | +5.3% |
| Recurring financial charges | 65 | €768 | €808 | +€40 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €69,071 | €35,951 | -€33,120 | -48.0% |
| Income taxes | 67/77 | €15,284 | €9,366 | -€5,918 | -38.7% |
| Profit (loss) for the period | 9904 | €53,787 | €26,585 | -€27,203 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,787 | €26,585 | -€27,203 | -50.6% |
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 11 October 2026 via checked.be.