ADC IMMO: what changed
Two fiscal 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 IMMO
Largest movements
- Stocks and contracts -€237,487
no longer reported in 2025 (was €237,487)
- Receivables within one year +€12,534
up €12,534 (+15.0%), from €83,449 to €95,983
of which Other amounts receivable: +€26,414
- Other debts -€165,000
down €165,000 (-71.9%), from €229,364 to €64,364
- Trade debts -€44,339
down €44,339 (-96.7%), from €45,840 to €1,501
- Profit (loss) carried forward -€7,288
down €7,288 (-18.1%), from -€40,374 to -€47,662
- Tax, wage and social debts -€7,269
down €7,269 (-98.7%), from €7,367 to €97
- Other operating charges +€34,951
up €34,951 (+2092.6%), from €1,670 to €36,622
- Gross operating margin +€5,915
up €5,915 (+23.6%), from €25,105 to €31,020
- Financial charges +€1,608
up €1,608 (+2061.4%), from €78 to €1,686
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 | €322,475 | €98,300 | -€224,176 | -69.5% |
| Current assets | 29/58 | €322,475 | €98,300 | -€224,176 | -69.5% |
| Stocks and contracts in progress | 3 | €237,487 | - | -€237,487 | |
| Stocks | 30/36 | €237,487 | - | -€237,487 | |
| Amounts receivable within one year | 40/41 | €83,449 | €95,983 | +€12,534 | +15.0% |
| Trade receivables | 40 | €43,880 | €30,000 | -€13,880 | -31.6% |
| Other amounts receivable | 41 | €39,569 | €65,983 | +€26,414 | +66.8% |
| Cash at bank and in hand | 54/58 | €1,423 | €2,317 | +€894 | +62.8% |
| Deferred charges and accrued income | 490/1 | €116 | - | -€116 | |
| Total equity and liabilities | 10/49 | €322,475 | €98,300 | -€224,176 | -69.5% |
| Equity | 10/15 | €39,626 | €32,338 | -€7,288 | -18.4% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,374 | -€47,662 | -€7,288 | -18.1% |
| Amounts payable | 17/49 | €282,850 | €65,962 | -€216,888 | -76.7% |
| Amounts payable within one year | 42/48 | €282,571 | €65,962 | -€216,608 | -76.7% |
| Trade debts | 44 | €45,840 | €1,501 | -€44,339 | -96.7% |
| Suppliers | 440/4 | €45,840 | €1,501 | -€44,339 | -96.7% |
| Taxes, remuneration and social security | 45 | €7,367 | €97 | -€7,269 | -98.7% |
| Taxes | 450/3 | €7,367 | €97 | -€7,269 | -98.7% |
| Other amounts payable | 47/48 | €229,364 | €64,364 | -€165,000 | -71.9% |
| Accrued charges and deferred income | 492/3 | €279 | - | -€279 | |
| Non-recurring operating income | 76A | - | €47 | +€47 | |
| Other operating charges | 640/8 | €1,670 | €36,622 | +€34,951 | +2092.6% |
| Gross operating margin | 9900 | €25,105 | €31,020 | +€5,915 | +23.6% |
| Operating profit (loss) | 9901 | €23,435 | -€5,602 | -€29,037 | |
| Financial charges | 65/66B | €78 | €1,686 | +€1,608 | +2061.4% |
| Recurring financial charges | 65 | €78 | €1,686 | +€1,608 | +2061.4% |
| Profit (loss) for the period before taxes | 9903 | €23,357 | -€7,288 | -€30,645 | |
| Income taxes | 67/77 | -€1 | - | +€1 | |
| Profit (loss) for the period | 9904 | €23,358 | -€7,288 | -€30,646 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,358 | -€7,288 | -€30,646 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.