ADC Consultancy: 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 Consultancy
Largest movements
- Receivables within one year +€73,070
up €73,070 (+97.2%), from €75,153 to €148,223
of which Trade receivables: +€42,957
- Cash -€33,681
down €33,681 (-35.8%), from €94,112 to €60,431
mainly Receivables within one year (-€73,070) and Other debts (-€53,000)
- Tangible fixed assets +€14,813
up €14,813 (+602.8%), from €2,457 to €17,270
of which Other tangible fixed assets: +€7,490
- Deferred charges and accrued income -€7,425
down €7,425 (-85.3%), from €8,706 to €1,281
- Profit (loss) carried forward +€81,112
up €81,112 (+24320.7%), from €334 to €81,446
- Other debts -€53,000
down €53,000 (-100.0%), from €53,000 to €0
- Tax, wage and social debts +€19,511
up €19,511 (+223.9%), from €8,714 to €28,225
of which Taxes: +€16,174
- Current portion of long-term debt -€12,379
down €12,379 (-76.6%), from €16,170 to €3,792
- Trade debts +€9,184
up €9,184 (+441.2%), from €2,082 to €11,265
- Gross operating margin +€47,635
up €47,635 (+69.9%), from €68,125 to €115,760
- Taxes +€14,471
up €14,471 (+104.9%), from €13,795 to €28,266
- Financial income -€2,674
no longer reported in 2025 (was €2,674)
- Depreciation +€2,331
up €2,331 (+306.0%), from €762 to €3,093
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 | €306,130 | €352,906 | +€46,777 | +15.3% |
| Fixed assets | 21/28 | €102,457 | €117,270 | +€14,813 | +14.5% |
| Tangible fixed assets | 22/27 | €2,457 | €17,270 | +€14,813 | +602.8% |
| Land and buildings | 22 | - | €2,451 | +€2,451 | |
| Furniture and vehicles | 24 | €2,457 | €7,329 | +€4,872 | +198.2% |
| Other tangible fixed assets | 26 | - | €7,490 | +€7,490 | |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €203,672 | €235,636 | +€31,964 | +15.7% |
| Amounts receivable after more than one year | 29 | €25,701 | €25,701 | = | 0.0% |
| Other amounts receivable | 291 | €25,701 | €25,701 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €75,153 | €148,223 | +€73,070 | +97.2% |
| Trade receivables | 40 | €12,915 | €55,872 | +€42,957 | +332.6% |
| Other amounts receivable | 41 | €62,239 | €92,351 | +€30,113 | +48.4% |
| Cash at bank and in hand | 54/58 | €94,112 | €60,431 | -€33,681 | -35.8% |
| Deferred charges and accrued income | 490/1 | €8,706 | €1,281 | -€7,425 | -85.3% |
| Total equity and liabilities | 10/49 | €306,130 | €352,906 | +€46,777 | +15.3% |
| Equity | 10/15 | €224,800 | €305,913 | +€81,112 | +36.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €204,467 | €204,467 | = | 0.0% |
| Distributable reserves | 133 | €204,467 | €204,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | €334 | €81,446 | +€81,112 | +24320.7% |
| Amounts payable | 17/49 | €81,329 | €46,994 | -€34,335 | -42.2% |
| Amounts payable after more than one year | 17 | €1,363 | €0 | -€1,363 | -100.0% |
| Financial debts | 170/4 | €1,363 | €0 | -€1,363 | -100.0% |
| Amounts payable within one year | 42/48 | €79,966 | €46,994 | -€32,972 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €16,170 | €3,792 | -€12,379 | -76.6% |
| Financial debts | 43 | - | €3,712 | +€3,712 | |
| Credit institutions | 430/8 | - | €3,712 | +€3,712 | |
| Trade debts | 44 | €2,082 | €11,265 | +€9,184 | +441.2% |
| Suppliers | 440/4 | €2,082 | €11,265 | +€9,184 | +441.2% |
| Taxes, remuneration and social security | 45 | €8,714 | €28,225 | +€19,511 | +223.9% |
| Taxes | 450/3 | €8,714 | €24,888 | +€16,174 | +185.6% |
| Remuneration and social security | 454/9 | - | €3,337 | +€3,337 | |
| Other amounts payable | 47/48 | €53,000 | €0 | -€53,000 | -100.0% |
| Non-recurring operating income | 76A | €2,186 | - | -€2,186 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €762 | €3,093 | +€2,331 | +306.0% |
| Other operating charges | 640/8 | €1,624 | €1,502 | -€122 | -7.5% |
| Gross operating margin | 9900 | €68,125 | €115,760 | +€47,635 | +69.9% |
| Operating profit (loss) | 9901 | €65,739 | €111,164 | +€45,426 | +69.1% |
| Financial income | 75/76B | €2,674 | - | -€2,674 | |
| Recurring financial income | 75 | €2,674 | - | -€2,674 | |
| Financial charges | 65/66B | €1,284 | €1,753 | +€469 | +36.5% |
| Recurring financial charges | 65 | €1,284 | €1,753 | +€469 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €67,128 | €109,411 | +€42,283 | +63.0% |
| Income taxes | 67/77 | €13,795 | €28,266 | +€14,471 | +104.9% |
| Profit (loss) for the period | 9904 | €53,334 | €81,146 | +€27,812 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,334 | €81,146 | +€27,812 | +52.1% |
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.