ADC PRODUCTION: 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 PRODUCTION
Largest movements
- Tangible fixed assets +€172,239
up €172,239 (+51.1%), from €337,056 to €509,295
of which Assets under construction and advance payments: +€164,084
- Deferred charges and accrued income +€116,301
up €116,301 (+1,199%), from €9,696 to €125,997
- Receivables within one year -€115,081
down €115,081 (-7.5%), from €1.5m to €1.4m
of which Trade receivables: -€156,015
- Cash +€70,909
up €70,909 (+576%), from €12,317 to €83,226
mainly Debts after one year (+€338,734) and Depreciation (+€306,997)
- Debts after one year +€338,734
up €338,734 (+2,076%), from €16,318 to €355,051
- Profit (loss) carried forward +€65,385
up €65,385 (+13.2%), from €495,723 to €561,108
- Tax, wage and social debts -€56,094
down €56,094 (-32.2%), from €174,371 to €118,277
of which Taxes: -€55,876
- Trade debts -€46,585
down €46,585 (-8.5%), from €550,937 to €504,351
- Current portion of long-term debt -€41,478
down €41,478 (-10.8%), from €383,659 to €342,182
- Depreciation -€39,315
down €39,315 (-11.4%), from €346,312 to €306,997
- Staff costs +€17,219
up €17,219 (+3.4%), from €506,819 to €524,038
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 | €1,890,735 | €2,134,968 | +€244,233 | +12.9% |
| Fixed assets | 21/28 | €337,434 | €509,538 | +€172,104 | +51.0% |
| Tangible fixed assets | 22/27 | €337,056 | €509,295 | +€172,239 | +51.1% |
| Plant, machinery and equipment | 23 | €244,217 | €149,282 | -€94,935 | -38.9% |
| Furniture and vehicles | 24 | €29,877 | €39,885 | +€10,008 | +33.5% |
| Leasing and similar rights | 25 | €59,336 | €152,418 | +€93,082 | +157% |
| Other tangible fixed assets | 26 | €3,625 | €3,625 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €164,084 | +€164,084 | |
| Financial fixed assets | 28 | €379 | €244 | -€135 | -35.7% |
| Current assets | 29/58 | €1,553,301 | €1,625,430 | +€72,129 | +4.6% |
| Amounts receivable within one year | 40/41 | €1,531,288 | €1,416,207 | -€115,081 | -7.5% |
| Trade receivables | 40 | €1,531,288 | €1,375,273 | -€156,015 | -10.2% |
| Other amounts receivable | 41 | - | €40,934 | +€40,934 | |
| Cash at bank and in hand | 54/58 | €12,317 | €83,226 | +€70,909 | +576% |
| Deferred charges and accrued income | 490/1 | €9,696 | €125,997 | +€116,301 | +1,199% |
| Total equity and liabilities | 10/49 | €1,890,735 | €2,134,968 | +€244,233 | +12.9% |
| Equity | 10/15 | €593,581 | €658,966 | +€65,385 | +11.0% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €23,490 | €23,490 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,053 | €16,053 | = | 0.0% |
| Profit (loss) carried forward | 14 | €495,723 | €561,108 | +€65,385 | +13.2% |
| Amounts payable | 17/49 | €1,297,154 | €1,476,002 | +€178,847 | +13.8% |
| Amounts payable after more than one year | 17 | €16,318 | €355,051 | +€338,734 | +2,076% |
| Financial debts | 170/4 | €16,318 | €355,051 | +€338,734 | +2,076% |
| Amounts payable within one year | 42/48 | €1,276,358 | €1,118,392 | -€157,966 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €383,659 | €342,182 | -€41,478 | -10.8% |
| Financial debts | 43 | €167,392 | €150,000 | -€17,392 | -10.4% |
| Credit institutions | 430/8 | €167,392 | €150,000 | -€17,392 | -10.4% |
| Trade debts | 44 | €550,937 | €504,351 | -€46,585 | -8.5% |
| Suppliers | 440/4 | €550,937 | €504,351 | -€46,585 | -8.5% |
| Taxes, remuneration and social security | 45 | €174,371 | €118,277 | -€56,094 | -32.2% |
| Taxes | 450/3 | €108,788 | €52,912 | -€55,876 | -51.4% |
| Remuneration and social security | 454/9 | €65,583 | €65,365 | -€218 | -0.3% |
| Other amounts payable | 47/48 | - | €3,582 | +€3,582 | |
| Accrued charges and deferred income | 492/3 | €4,478 | €2,558 | -€1,920 | -42.9% |
| Non-recurring operating income | 76A | €75 | - | -€75 | |
| Remuneration, social security and pensions | 62 | €506,819 | €524,038 | +€17,219 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346,312 | €306,997 | -€39,315 | -11.4% |
| Other operating charges | 640/8 | €11,274 | €14,650 | +€3,376 | +29.9% |
| Gross operating margin | 9900 | €971,269 | €980,755 | +€9,486 | +1.0% |
| Operating profit (loss) | 9901 | €106,863 | €135,070 | +€28,207 | +26.4% |
| Financial income | 75/76B | €816 | €15 | -€801 | -98.1% |
| Recurring financial income | 75 | €816 | €15 | -€801 | -98.1% |
| Financial charges | 65/66B | €54,906 | €53,185 | -€1,721 | -3.1% |
| Recurring financial charges | 65 | €54,906 | €53,185 | -€1,721 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €52,774 | €81,901 | +€29,127 | +55.2% |
| Income taxes | 67/77 | €16,774 | €16,515 | -€258 | -1.5% |
| Profit (loss) for the period | 9904 | €36,000 | €65,385 | +€29,385 | +81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,000 | €65,385 | +€29,385 | +81.6% |
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 23 October 2026 via checked.be.