ADC METAL: what changed
What changed
ADC METAL
NACE 25.999, Manufacture of fabricated metal products, except machinery and equipment
filed annual accounts (NBB)
Net result for the year
-€108,976
2024 · -€405-€108,571
Equity
€46,093
2024 · €155,069-€108,976
Cash
€18
2024 · €23,520-€23,502
Balance sheet total
€1.3m
2024 · €829,778+€432,178
Largest movements
Assets
- Tangible fixed assets +€308,566
up €308,566 (+633%), from €48,732 to €357,299
of which Plant, machinery and equipment: +€198,995
- Receivables within one year +€171,478
up €171,478 (+31.6%), from €542,010 to €713,488
of which Other amounts receivable: +€158,164
- Cash -€23,502
down €23,502 (-99.9%), from €23,520 to €18
mainly Investment in fixed assets (net) (-€340,963) and Receivables within one year (-€171,478)
- Stocks and contracts -€16,279
down €16,279 (-10.5%), from €155,245 to €138,965
- Intangible fixed assets -€14,180
down €14,180 (-59.4%), from €23,883 to €9,703
Equity and liabilities
- Short-term financial debts +€228,447
up €228,447 (+151%), from €151,231 to €379,678
- Debts after one year +€141,817
up €141,817 (+76.7%), from €185,000 to €326,817
- Profit (loss) carried forward -€108,976
down €108,976 (-2,837%), from -€3,841 to -€112,817
- Trade debts +€103,747
up €103,747 (+55.9%), from €185,622 to €289,368
- Tax, wage and social debts +€61,460
up €61,460 (+50.6%), from €121,348 to €182,808
of which Remuneration and social security: +€41,932
Income statement
- Gross operating margin -€273,164
down €273,164 (-20.9%), from €1.3m to €1.0m
- Staff costs -€126,463
down €126,463 (-10.5%), from €1.2m to €1.1m
- Write-downs -€22,494
no longer reported in 2025 (was €22,494)
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
-€405
Gross operating margin
-€273,164
Staff costs
+€126,463
Depreciation
+€6,381
Write-downs
+€22,494
Other operating charges
+€2,371
Financial income
+€177
Financial charges
+€4,464
Taxes
+€2,243
Result 2025
-€108,976
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
-€80,334
Investment
-€340,963
Financing
+€397,794
Cash 2024
€23,520
From operations (derived)
-€80,334
Net result for the year
-€108,976
Depreciation
+€46,576
Stocks and contracts
+€16,279
Receivables within one year
-€171,478
Deferred charges and accrued income
-€6,095
Trade debts
+€103,747
Tax, wage and social debts
+€61,460
Other debts
-€21,847
Investment (derived)
-€340,963
Investment in fixed assets (net)
-€340,963
Financing
+€397,794
Debts after one year
+€141,817
Current portion of long-term debt
+€27,530
Short-term financial debts
+€228,447
Cash 2025
€18
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €829,778 | €1,261,956 | +€432,178 | +52.1% |
| Fixed assets | 21/28 | €85,060 | €379,447 | +€294,387 | +346% |
| Intangible fixed assets | 21 | €23,883 | €9,703 | -€14,180 | -59.4% |
| Tangible fixed assets | 22/27 | €48,732 | €357,299 | +€308,566 | +633% |
| Land and buildings | 22 | - | €38,005 | +€38,005 | |
| Plant, machinery and equipment | 23 | €19,026 | €218,021 | +€198,995 | +1,046% |
| Furniture and vehicles | 24 | €4,502 | €3,805 | -€697 | -15.5% |
| Leasing and similar rights | 25 | €25,204 | €17,052 | -€8,152 | -32.3% |
| Assets under construction and advance payments | 27 | - | €80,416 | +€80,416 | |
| Financial fixed assets | 28 | €12,445 | €12,445 | = | 0.0% |
| Current assets | 29/58 | €744,718 | €882,510 | +€137,792 | +18.5% |
| Stocks and contracts in progress | 3 | €155,245 | €138,965 | -€16,279 | -10.5% |
| Stocks | 30/36 | €155,245 | €138,965 | -€16,279 | -10.5% |
| Amounts receivable within one year | 40/41 | €542,010 | €713,488 | +€171,478 | +31.6% |
| Trade receivables | 40 | €455,572 | €468,886 | +€13,313 | +2.9% |
| Other amounts receivable | 41 | €86,438 | €244,602 | +€158,164 | +183% |
| Cash at bank and in hand | 54/58 | €23,520 | €18 | -€23,502 | -99.9% |
| Deferred charges and accrued income | 490/1 | €23,943 | €30,038 | +€6,095 | +25.5% |
| Total equity and liabilities | 10/49 | €829,778 | €1,261,956 | +€432,178 | +52.1% |
| Equity | 10/15 | €155,069 | €46,093 | -€108,976 | -70.3% |
| Contributions | 10/11 | €85,331 | €85,331 | = | 0.0% |
| Reserves | 13 | €73,580 | €73,580 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €8,533 | +€8,533 | |
| Reserves not available under the articles | 1311 | - | €8,533 | +€8,533 | |
| Tax-exempt reserves | 132 | €2,577 | €2,577 | = | 0.0% |
| Distributable reserves | 133 | €71,003 | €62,470 | -€8,533 | -12.0% |
| Profit (loss) carried forward | 14 | -€3,841 | -€112,817 | -€108,976 | -2,837% |
| Amounts payable | 17/49 | €674,709 | €1,215,863 | +€541,154 | +80.2% |
| Amounts payable after more than one year | 17 | €185,000 | €326,817 | +€141,817 | +76.7% |
| Financial debts | 170/4 | €185,000 | €326,817 | +€141,817 | +76.7% |
| Amounts payable within one year | 42/48 | €489,709 | €889,046 | +€399,337 | +81.5% |
| Current portion of amounts payable after more than one year | 42 | €8,666 | €36,196 | +€27,530 | +318% |
| Financial debts | 43 | €151,231 | €379,678 | +€228,447 | +151% |
| Credit institutions | 430/8 | €151,231 | €379,678 | +€228,447 | +151% |
| Trade debts | 44 | €185,622 | €289,368 | +€103,747 | +55.9% |
| Suppliers | 440/4 | €185,622 | €289,368 | +€103,747 | +55.9% |
| Taxes, remuneration and social security | 45 | €121,348 | €182,808 | +€61,460 | +50.6% |
| Taxes | 450/3 | €27,577 | €47,106 | +€19,529 | +70.8% |
| Remuneration and social security | 454/9 | €93,771 | €135,703 | +€41,932 | +44.7% |
| Other amounts payable | 47/48 | €22,843 | €995 | -€21,847 | -95.6% |
| Non-recurring operating income | 76A | €8,458 | - | -€8,458 | |
| Remuneration, social security and pensions | 62 | €1,205,198 | €1,078,736 | -€126,463 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,957 | €46,576 | -€6,381 | -12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,494 | - | -€22,494 | |
| Other operating charges | 640/8 | €3,007 | €636 | -€2,371 | -78.8% |
| Gross operating margin | 9900 | €1,306,999 | €1,033,836 | -€273,164 | -20.9% |
| Operating profit (loss) | 9901 | €23,343 | -€92,113 | -€115,456 | |
| Financial income | 75/76B | €30 | €206 | +€177 | +600% |
| Recurring financial income | 75 | €30 | €206 | +€177 | +600% |
| Financial charges | 65/66B | €21,167 | €16,703 | -€4,464 | -21.1% |
| Recurring financial charges | 65 | €21,167 | €16,703 | -€4,464 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €2,205 | -€108,609 | -€110,815 | |
| Income taxes | 67/77 | €2,610 | €367 | -€2,243 | -86.0% |
| Profit (loss) for the period | 9904 | -€405 | -€108,976 | -€108,571 | -26,825% |
| Profit (loss) for the period to be appropriated | 9905 | -€405 | -€108,976 | -€108,571 | -26,825% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 2 November 2026 via checked.be.