ADC SECURITE: 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 SECURITE
Largest movements
- Receivables within one year -€45,294
down €45,294 (-31.1%), from €145,823 to €100,529
of which Trade receivables: -€53,404
- Cash +€13,997
up €13,997 (+83.2%), from €16,818 to €30,815
mainly Receivables within one year (+€45,294) and Other debts (+€17,280)
- Tangible fixed assets -€8,084
down €8,084 (-32.8%), from €24,657 to €16,573
of which Furniture and vehicles: -€4,981
- Stocks and contracts +€6,172
up €6,172 (+18.1%), from €34,011 to €40,183
- Reserves -€24,000
down €24,000 (-37.5%), from €64,000 to €40,000
- Trade debts -€18,775
down €18,775 (-34.2%), from €54,885 to €36,111
- Other debts +€17,280
up €17,280 (+80.4%), from €21,499 to €38,779
- Profit (loss) carried forward -€7,838
down €7,838 (-17.3%), from €45,248 to €37,411
- Tax, wage and social debts +€5,103
up €5,103 (+40.2%), from €12,695 to €17,798
of which Taxes: +€2,740
- Gross operating margin -€15,756
down €15,756 (-8.8%), from €179,297 to €163,542
- Staff costs -€10,708
down €10,708 (-8.7%), from €122,661 to €111,954
- Other operating charges +€3,323
up €3,323 (+37.3%), from €8,913 to €12,236
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 | €222,342 | €190,326 | -€32,016 | -14.4% |
| Fixed assets | 21/28 | €25,690 | €17,606 | -€8,084 | -31.5% |
| Tangible fixed assets | 22/27 | €24,657 | €16,573 | -€8,084 | -32.8% |
| Plant, machinery and equipment | 23 | €3,733 | €1,834 | -€1,900 | -50.9% |
| Furniture and vehicles | 24 | €16,110 | €11,129 | -€4,981 | -30.9% |
| Other tangible fixed assets | 26 | €4,814 | €3,610 | -€1,203 | -25.0% |
| Financial fixed assets | 28 | €1,033 | €1,033 | = | 0.0% |
| Current assets | 29/58 | €196,652 | €172,720 | -€23,931 | -12.2% |
| Stocks and contracts in progress | 3 | €34,011 | €40,183 | +€6,172 | +18.1% |
| Stocks | 30/36 | €34,011 | €40,183 | +€6,172 | +18.1% |
| Amounts receivable within one year | 40/41 | €145,823 | €100,529 | -€45,294 | -31.1% |
| Trade receivables | 40 | €139,017 | €85,612 | -€53,404 | -38.4% |
| Other amounts receivable | 41 | €6,806 | €14,917 | +€8,111 | +119.2% |
| Cash at bank and in hand | 54/58 | €16,818 | €30,815 | +€13,997 | +83.2% |
| Deferred charges and accrued income | 490/1 | - | €1,193 | +€1,193 | |
| Total equity and liabilities | 10/49 | €222,342 | €190,326 | -€32,016 | -14.4% |
| Equity | 10/15 | €123,508 | €91,671 | -€31,838 | -25.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €64,000 | €40,000 | -€24,000 | -37.5% |
| Distributable reserves | 133 | €64,000 | €40,000 | -€24,000 | -37.5% |
| Profit (loss) carried forward | 14 | €45,248 | €37,411 | -€7,838 | -17.3% |
| Amounts payable | 17/49 | €98,833 | €98,655 | -€178 | -0.2% |
| Amounts payable after more than one year | 17 | €3,347 | €1,458 | -€1,889 | -56.4% |
| Financial debts | 170/4 | €3,347 | €1,458 | -€1,889 | -56.4% |
| Amounts payable within one year | 42/48 | €95,486 | €97,149 | +€1,663 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €6,406 | €4,461 | -€1,945 | -30.4% |
| Trade debts | 44 | €54,885 | €36,111 | -€18,775 | -34.2% |
| Suppliers | 440/4 | €54,885 | €36,111 | -€18,775 | -34.2% |
| Taxes, remuneration and social security | 45 | €12,695 | €17,798 | +€5,103 | +40.2% |
| Taxes | 450/3 | - | €2,740 | +€2,740 | |
| Remuneration and social security | 454/9 | €12,695 | €15,058 | +€2,363 | +18.6% |
| Other amounts payable | 47/48 | €21,499 | €38,779 | +€17,280 | +80.4% |
| Accrued charges and deferred income | 492/3 | - | €48 | +€48 | |
| Remuneration, social security and pensions | 62 | €122,661 | €111,954 | -€10,708 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,340 | €13,633 | +€293 | +2.2% |
| Other operating charges | 640/8 | €8,913 | €12,236 | +€3,323 | +37.3% |
| Gross operating margin | 9900 | €179,297 | €163,542 | -€15,756 | -8.8% |
| Operating profit (loss) | 9901 | €34,383 | €25,719 | -€8,665 | -25.2% |
| Financial income | 75/76B | €163 | €22 | -€142 | -86.6% |
| Recurring financial income | 75 | €163 | €22 | -€142 | -86.6% |
| Financial charges | 65/66B | €6,632 | €6,878 | +€246 | +3.7% |
| Recurring financial charges | 65 | €6,632 | €6,878 | +€246 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €27,914 | €18,862 | -€9,052 | -32.4% |
| Income taxes | 67/77 | €6,252 | €6,700 | +€448 | +7.2% |
| Profit (loss) for the period | 9904 | €21,662 | €12,162 | -€9,500 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,662 | €12,162 | -€9,500 | -43.9% |
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 8 October 2026 via checked.be.