ADC DE COUVE: 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.
What changed
ADC DE COUVE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€6,056
2024 · -€2,648-€3,408
Equity
€245,369
2024 · €251,425-€6,056
Cash
€647
2024 · -+€647
Balance sheet total
€533,855
2024 · €557,822-€23,967
Largest movements
Assets
- Tangible fixed assets -€28,189
down €28,189 (-5.1%), from €551,094 to €522,905
Equity and liabilities
- Debts after one year -€14,763
down €14,763 (-8.6%), from €172,570 to €157,807
- Reserves -€10,471
down €10,471 (-4.3%), from €244,690 to €234,219
of which Tax-exempt reserves: -€10,471
Income statement
- Other operating charges +€3,173
up €3,173 (+186%), from €1,703 to €4,876
- Financial charges -€354
down €354 (-7.7%), from €4,619 to €4,265
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.
Result 2024
-€2,648
Gross operating margin
-€178
Depreciation
+€167
Other operating charges
-€3,173
Other operating items
-€580
Financial income
+€3
Financial charges
+€354
Result 2025
-€6,056
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€17,049
Investment
-€0
Financing
-€16,402
Cash 2024
€0
From operations (derived)
+€17,049
Net result for the year
-€6,056
Depreciation
+€28,189
Receivables within one year
-€3,472
Deferred charges and accrued income
-€103
Provisions
-€3,490
Trade debts
+€613
Tax, wage and social debts
+€918
Other debts
-€4,100
Accrued charges and deferred income
+€4,550
Investment (derived)
-€0
Current investments
-€0
Financing
-€16,402
Debts after one year
-€14,763
Current portion of long-term debt
+€327
Short-term financial debts
-€1,966
Cash 2025
€647
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €557,822 | €533,855 | -€23,967 | -4.3% |
| Fixed assets | 21/28 | €551,094 | €522,905 | -€28,189 | -5.1% |
| Tangible fixed assets | 22/27 | €551,094 | €522,905 | -€28,189 | -5.1% |
| Land and buildings | 22 | €551,094 | €522,905 | -€28,189 | -5.1% |
| Current assets | 29/58 | €6,729 | €10,951 | +€4,222 | +62.7% |
| Amounts receivable within one year | 40/41 | €6,728 | €10,200 | +€3,472 | +51.6% |
| Trade receivables | 40 | €2,250 | - | -€2,250 | |
| Other amounts receivable | 41 | €4,478 | €10,200 | +€5,722 | +128% |
| Current investments | 50/53 | €1 | €1 | +€0 | +0.9% |
| Cash at bank and in hand | 54/58 | - | €647 | +€647 | |
| Deferred charges and accrued income | 490/1 | - | €103 | +€103 | |
| Total equity and liabilities | 10/49 | €557,822 | €533,855 | -€23,967 | -4.3% |
| Equity | 10/15 | €251,425 | €245,369 | -€6,056 | -2.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €244,690 | €234,219 | -€10,471 | -4.3% |
| Tax-exempt reserves | 132 | €202,190 | €191,719 | -€10,471 | -5.2% |
| Distributable reserves | 133 | €42,500 | €42,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,265 | -€28,850 | +€4,415 | +13.3% |
| Provisions and deferred taxes | 16 | €67,397 | €63,906 | -€3,490 | -5.2% |
| Deferred taxes | 168 | €67,397 | €63,906 | -€3,490 | -5.2% |
| Amounts payable | 17/49 | €239,001 | €224,580 | -€14,421 | -6.0% |
| Amounts payable after more than one year | 17 | €172,570 | €157,807 | -€14,763 | -8.6% |
| Financial debts | 170/4 | €172,570 | €157,807 | -€14,763 | -8.6% |
| Amounts payable within one year | 42/48 | €63,131 | €58,923 | -€4,208 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €14,436 | €14,763 | +€327 | +2.3% |
| Financial debts | 43 | €1,966 | - | -€1,966 | |
| Credit institutions | 430/8 | €1,966 | - | -€1,966 | |
| Trade debts | 44 | €987 | €1,601 | +€613 | +62.1% |
| Suppliers | 440/4 | €987 | €1,601 | +€613 | +62.1% |
| Taxes, remuneration and social security | 45 | €1,211 | €2,128 | +€918 | +75.8% |
| Taxes | 450/3 | €1,211 | €2,128 | +€918 | +75.8% |
| Other amounts payable | 47/48 | €44,531 | €40,431 | -€4,100 | -9.2% |
| Accrued charges and deferred income | 492/3 | €3,300 | €7,850 | +€4,550 | +138% |
| Non-recurring operating income | 76A | €868 | - | -€868 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,355 | €28,189 | -€167 | -0.6% |
| Other operating charges | 640/8 | €1,703 | €4,876 | +€3,173 | +186% |
| Non-recurring operating charges | 66A | - | €580 | +€580 | |
| Gross operating margin | 9900 | €28,527 | €28,348 | -€178 | -0.6% |
| Operating profit (loss) | 9901 | -€1,532 | -€5,297 | -€3,765 | -246% |
| Financial income | 75/76B | €12 | €15 | +€3 | +25.1% |
| Recurring financial income | 75 | €12 | €15 | +€3 | +25.1% |
| Financial charges | 65/66B | €4,619 | €4,265 | -€354 | -7.7% |
| Recurring financial charges | 65 | €4,619 | €4,265 | -€354 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,139 | -€9,546 | -€3,408 | -55.5% |
| Transfer from deferred taxes | 780 | €3,490 | €3,490 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€2,648 | -€6,056 | -€3,408 | -129% |
| Transfer from tax-exempt reserves | 789 | €10,471 | €10,471 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,823 | €4,415 | -€3,408 | -43.6% |
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 28 October 2026 via checked.be.