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 +€56,489
up €56,489 (+297%), from €18,995 to €75,483
mainly Net result for the year (+€37,753) and Receivables within one year (+€24,449)
- Receivables within one year -€24,449
down €24,449 (-38.1%), from €64,108 to €39,659
of which Trade receivables: -€25,168
- Tangible fixed assets -€2,162
down €2,162 (-64.9%), from €3,329 to €1,167
of which Furniture and vehicles: -€1,749
- Reserves +€19,681
up €19,681 (+31.0%), from €63,472 to €83,153
of which Distributable reserves: +€19,681
- Other debts +€18,072
up €18,072, from €0 to €18,072
- Tax, wage and social debts -€7,023
down €7,023 (-36.2%), from €19,414 to €12,391
- Depreciation -€11,547
down €11,547 (-84.2%), from €13,709 to €2,162
- Gross operating margin +€7,593
up €7,593 (+14.4%), from €52,850 to €60,443
- Taxes +€5,916
up €5,916 (+42.7%), from €13,841 to €19,757
- Other operating charges -€639
down €639 (-43.3%), from €1,475 to €836
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 | €97,422 | €127,085 | +€29,663 | +30.4% |
| Fixed assets | 21/28 | €3,329 | €1,167 | -€2,162 | -64.9% |
| Tangible fixed assets | 22/27 | €3,329 | €1,167 | -€2,162 | -64.9% |
| Plant, machinery and equipment | 23 | €956 | €543 | -€413 | -43.2% |
| Furniture and vehicles | 24 | €2,373 | €624 | -€1,749 | -73.7% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €94,093 | €125,918 | +€31,825 | +33.8% |
| Stocks and contracts in progress | 3 | €9,106 | €9,106 | = | 0.0% |
| Stocks | 30/36 | €9,106 | €9,106 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,108 | €39,659 | -€24,449 | -38.1% |
| Trade receivables | 40 | €58,684 | €33,516 | -€25,168 | -42.9% |
| Other amounts receivable | 41 | €5,424 | €6,143 | +€719 | +13.3% |
| Cash at bank and in hand | 54/58 | €18,995 | €75,483 | +€56,489 | +297% |
| Deferred charges and accrued income | 490/1 | €1,884 | €1,670 | -€214 | -11.4% |
| Total equity and liabilities | 10/49 | €97,422 | €127,085 | +€29,663 | +30.4% |
| Equity | 10/15 | €75,872 | €95,553 | +€19,681 | +25.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €63,472 | €83,153 | +€19,681 | +31.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €61,612 | €81,293 | +€19,681 | +31.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,549 | €31,532 | +€9,982 | +46.3% |
| Amounts payable within one year | 42/48 | €21,508 | €31,477 | +€9,969 | +46.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,094 | €1,014 | -€1,080 | -51.6% |
| Suppliers | 440/4 | €2,094 | €1,014 | -€1,080 | -51.6% |
| Taxes, remuneration and social security | 45 | €19,414 | €12,391 | -€7,023 | -36.2% |
| Taxes | 450/3 | €19,414 | €12,391 | -€7,023 | -36.2% |
| Other amounts payable | 47/48 | €0 | €18,072 | +€18,072 | |
| Accrued charges and deferred income | 492/3 | €41 | €54 | +€13 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,709 | €2,162 | -€11,547 | -84.2% |
| Other operating charges | 640/8 | €1,475 | €836 | -€639 | -43.3% |
| Gross operating margin | 9900 | €52,850 | €60,443 | +€7,593 | +14.4% |
| Operating profit (loss) | 9901 | €37,666 | €57,444 | +€19,779 | +52.5% |
| Financial income | 75/76B | €275 | €277 | +€2 | +0.8% |
| Recurring financial income | 75 | €275 | €277 | +€2 | +0.8% |
| Financial charges | 65/66B | €290 | €212 | -€78 | -26.9% |
| Recurring financial charges | 65 | €290 | €212 | -€78 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €37,651 | €57,509 | +€19,859 | +52.7% |
| Income taxes | 67/77 | €13,841 | €19,757 | +€5,916 | +42.7% |
| Profit (loss) for the period | 9904 | €23,810 | €37,753 | +€13,943 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,810 | €37,753 | +€13,943 | +58.6% |
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 14 October 2026 via checked.be.