ADC Company: what changed
What changed
ADC Company
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€103,053
2024 · €126,483-€23,430
Equity
€108,053
2024 · €377,277-€269,225
Cash
€58,917
2024 · €64,844-€5,927
Balance sheet total
€572,212
2024 · €747,895-€175,683
Largest movements
Assets
- Receivables within one year -€140,132
down €140,132 (-65.5%), from €214,089 to €73,957
of which Other amounts receivable: -€170,027
- Tangible fixed assets -€44,945
down €44,945 (-9.6%), from €468,801 to €423,855
of which Land and buildings: -€25,709
- Deferred charges and accrued income +€15,321
up €15,321 (+9,432%), from €162 to €15,483
Equity and liabilities
- Reserves -€269,277
down €269,277 (-72.3%), from €372,277 to €103,000
- Other debts +€102,948
new in 2025: €102,948
- Debts after one year -€29,393
down €29,393 (-9.5%), from €308,687 to €279,294
- Tax, wage and social debts +€14,176
up €14,176 (+63.8%), from €22,224 to €36,400
- Trade debts +€11,461
up €11,461 (+320%), from €3,583 to €15,043
Income statement
- Gross operating margin -€18,557
down €18,557 (-8.7%), from €212,531 to €193,974
- Depreciation -€8,819
down €8,819 (-22.3%), from €39,555 to €30,736
- Taxes +€7,660
up €7,660 (+20.4%), from €37,564 to €45,224
- Other operating charges +€2,888
up €2,888 (+75.1%), from €3,844 to €6,731
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€126,483
Gross operating margin
-€18,557
Depreciation
+€8,819
Other operating charges
-€2,888
Financial income
-€1,945
Financial charges
-€1,199
Taxes
-€7,660
Result 2025
€103,053
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€387,089
Investment
+€14,210
Financing
-€407,226
Cash 2024
€64,844
From operations (derived)
+€387,089
Net result for the year
+€103,053
Depreciation
+€30,736
Receivables within one year
+€140,132
Deferred charges and accrued income
-€15,321
Trade debts
+€11,461
Tax, wage and social debts
+€14,176
Other debts
+€102,948
Accrued charges and deferred income
-€94
Investment (derived)
+€14,210
Investment in fixed assets (net)
+€14,210
Financing
-€407,226
Debts after one year
-€29,393
Current portion of long-term debt
-€5,556
Contributions, distributions and other
-€372,277
Cash 2025
€58,917
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €747,895 | €572,212 | -€175,683 | -23.5% |
| Fixed assets | 21/28 | €468,801 | €423,855 | -€44,945 | -9.6% |
| Tangible fixed assets | 22/27 | €468,801 | €423,855 | -€44,945 | -9.6% |
| Land and buildings | 22 | €418,972 | €393,263 | -€25,709 | -6.1% |
| Furniture and vehicles | 24 | €49,829 | €30,593 | -€19,236 | -38.6% |
| Current assets | 29/58 | €279,095 | €148,357 | -€130,738 | -46.8% |
| Amounts receivable within one year | 40/41 | €214,089 | €73,957 | -€140,132 | -65.5% |
| Trade receivables | 40 | €43,608 | €73,504 | +€29,896 | +68.6% |
| Other amounts receivable | 41 | €170,480 | €453 | -€170,027 | -99.7% |
| Cash at bank and in hand | 54/58 | €64,844 | €58,917 | -€5,927 | -9.1% |
| Deferred charges and accrued income | 490/1 | €162 | €15,483 | +€15,321 | +9,432% |
| Total equity and liabilities | 10/49 | €747,895 | €572,212 | -€175,683 | -23.5% |
| Equity | 10/15 | €377,277 | €108,053 | -€269,225 | -71.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €372,277 | €103,000 | -€269,277 | -72.3% |
| Distributable reserves | 133 | €372,277 | €103,000 | -€269,277 | -72.3% |
| Profit (loss) carried forward | 14 | - | €53 | +€53 | |
| Amounts payable | 17/49 | €370,618 | €464,160 | +€93,542 | +25.2% |
| Amounts payable after more than one year | 17 | €308,687 | €279,294 | -€29,393 | -9.5% |
| Financial debts | 170/4 | €308,687 | €279,294 | -€29,393 | -9.5% |
| Amounts payable within one year | 42/48 | €60,756 | €183,784 | +€123,029 | +202% |
| Current portion of amounts payable after more than one year | 42 | €34,949 | €29,393 | -€5,556 | -15.9% |
| Trade debts | 44 | €3,583 | €15,043 | +€11,461 | +320% |
| Suppliers | 440/4 | €3,583 | €15,043 | +€11,461 | +320% |
| Taxes, remuneration and social security | 45 | €22,224 | €36,400 | +€14,176 | +63.8% |
| Taxes | 450/3 | €22,224 | €36,400 | +€14,176 | +63.8% |
| Other amounts payable | 47/48 | - | €102,948 | +€102,948 | |
| Accrued charges and deferred income | 492/3 | €1,175 | €1,081 | -€94 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,555 | €30,736 | -€8,819 | -22.3% |
| Other operating charges | 640/8 | €3,844 | €6,731 | +€2,888 | +75.1% |
| Gross operating margin | 9900 | €212,531 | €193,974 | -€18,557 | -8.7% |
| Operating profit (loss) | 9901 | €169,133 | €156,507 | -€12,625 | -7.5% |
| Financial income | 75/76B | €6,896 | €4,950 | -€1,945 | -28.2% |
| Recurring financial income | 75 | €6,896 | €4,950 | -€1,945 | -28.2% |
| Financial charges | 65/66B | €11,982 | €13,181 | +€1,199 | +10.0% |
| Recurring financial charges | 65 | €11,982 | €13,181 | +€1,199 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €164,047 | €148,276 | -€15,770 | -9.6% |
| Income taxes | 67/77 | €37,564 | €45,224 | +€7,660 | +20.4% |
| Profit (loss) for the period | 9904 | €126,483 | €103,053 | -€23,430 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €126,483 | €103,053 | -€23,430 | -18.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.