ADC CONCEPT +: 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 CONCEPT +
Largest movements
- Receivables within one year -€28,179
down €28,179 (-37.3%), from €75,581 to €47,402
of which Trade receivables: -€28,878
- Tangible fixed assets -€7,617
down €7,617 (-26.3%), from €28,981 to €21,364
of which Furniture and vehicles: -€7,031
- Cash -€2,019
down €2,019 (-26.3%), from €7,673 to €5,654
mainly Other debts (-€16,252) and Trade debts (-€10,528)
- Stocks and contracts +€1,803
up €1,803 (+10.4%), from €17,310 to €19,113
- Deferred charges and accrued income -€1,529
down €1,529 (-36.2%), from €4,224 to €2,695
- Other debts -€16,252
down €16,252 (-78.1%), from €20,809 to €4,557
- Trade debts -€10,528
down €10,528 (-48.0%), from €21,923 to €11,395
- Debts after one year -€7,402
down €7,402 (-37.3%), from €19,851 to €12,449
- Tax, wage and social debts -€1,755
down €1,755 (-25.8%), from €6,814 to €5,059
of which Taxes: -€1,873
- Staff costs +€18,249
up €18,249 (+56.7%), from €32,212 to €50,461
- Gross operating margin +€10,457
up €10,457 (+19.5%), from €53,573 to €64,030
- Other operating charges -€4,618
down €4,618 (-74.3%), from €6,214 to €1,596
- Depreciation -€4,075
down €4,075 (-34.9%), from €11,692 to €7,617
- Taxes +€2,284
up €2,284, from -€1,544 to €740
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 | €133,769 | €96,228 | -€37,541 | -28.1% |
| Fixed assets | 21/28 | €28,981 | €21,364 | -€7,617 | -26.3% |
| Tangible fixed assets | 22/27 | €28,981 | €21,364 | -€7,617 | -26.3% |
| Land and buildings | 22 | €1,160 | €1,033 | -€127 | -10.9% |
| Plant, machinery and equipment | 23 | €708 | €424 | -€284 | -40.1% |
| Furniture and vehicles | 24 | €26,768 | €19,737 | -€7,031 | -26.3% |
| Other tangible fixed assets | 26 | €345 | €170 | -€175 | -50.7% |
| Current assets | 29/58 | €104,788 | €74,864 | -€29,924 | -28.6% |
| Stocks and contracts in progress | 3 | €17,310 | €19,113 | +€1,803 | +10.4% |
| Stocks | 30/36 | €17,310 | €19,113 | +€1,803 | +10.4% |
| Amounts receivable within one year | 40/41 | €75,581 | €47,402 | -€28,179 | -37.3% |
| Trade receivables | 40 | €61,970 | €33,092 | -€28,878 | -46.6% |
| Other amounts receivable | 41 | €13,611 | €14,310 | +€699 | +5.1% |
| Cash at bank and in hand | 54/58 | €7,673 | €5,654 | -€2,019 | -26.3% |
| Deferred charges and accrued income | 490/1 | €4,224 | €2,695 | -€1,529 | -36.2% |
| Total equity and liabilities | 10/49 | €133,769 | €96,228 | -€37,541 | -28.1% |
| Equity | 10/15 | €56,190 | €55,366 | -€824 | -1.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €37,872 | €37,872 | = | 0.0% |
| Distributable reserves | 133 | €37,872 | €37,872 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,318 | €2,494 | -€824 | -24.8% |
| Amounts payable | 17/49 | €77,579 | €40,862 | -€36,717 | -47.3% |
| Amounts payable after more than one year | 17 | €19,851 | €12,449 | -€7,402 | -37.3% |
| Financial debts | 170/4 | €19,851 | €12,449 | -€7,402 | -37.3% |
| Amounts payable within one year | 42/48 | €57,728 | €28,413 | -€29,315 | -50.8% |
| Current portion of amounts payable after more than one year | 42 | €8,182 | €7,402 | -€780 | -9.5% |
| Trade debts | 44 | €21,923 | €11,395 | -€10,528 | -48.0% |
| Suppliers | 440/4 | €21,923 | €11,395 | -€10,528 | -48.0% |
| Taxes, remuneration and social security | 45 | €6,814 | €5,059 | -€1,755 | -25.8% |
| Taxes | 450/3 | €1,873 | - | -€1,873 | |
| Remuneration and social security | 454/9 | €4,941 | €5,059 | +€118 | +2.4% |
| Other amounts payable | 47/48 | €20,809 | €4,557 | -€16,252 | -78.1% |
| Remuneration, social security and pensions | 62 | €32,212 | €50,461 | +€18,249 | +56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,692 | €7,617 | -€4,075 | -34.9% |
| Other operating charges | 640/8 | €6,214 | €1,596 | -€4,618 | -74.3% |
| Gross operating margin | 9900 | €53,573 | €64,030 | +€10,457 | +19.5% |
| Operating profit (loss) | 9901 | €3,455 | €4,356 | +€901 | +26.1% |
| Financial income | 75/76B | €176 | €31 | -€145 | -82.4% |
| Recurring financial income | 75 | €176 | €31 | -€145 | -82.4% |
| Financial charges | 65/66B | €4,803 | €4,471 | -€332 | -6.9% |
| Recurring financial charges | 65 | €4,803 | €4,471 | -€332 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,172 | -€84 | +€1,088 | +92.8% |
| Income taxes | 67/77 | -€1,544 | €740 | +€2,284 | |
| Profit (loss) for the period | 9904 | €372 | -€824 | -€1,196 | |
| Profit (loss) for the period to be appropriated | 9905 | €372 | -€824 | -€1,196 |
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.