ADC ST-VITH: 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 ST-VITH
Largest movements
- Cash +€63,045
up €63,045 (+422%), from €14,936 to €77,981
mainly Net result for the year (+€195,118) and Trade debts (+€36,302)
- Receivables within one year -€24,669
down €24,669 (-16.9%), from €145,822 to €121,153
of which Trade receivables: -€22,276
- Tangible fixed assets -€14,870
down €14,870 (-5.6%), from €264,155 to €249,285
of which Land and buildings: -€12,606
- Financial fixed assets +€8,000
up €8,000 (+259%), from €3,094 to €11,094
- Profit (loss) carried forward +€195,118
up €195,118 (+37,209%), from €524 to €195,643
- Other debts -€183,600
down €183,600 (-99.7%), from €184,100 to €500
- Trade debts +€36,302
up €36,302 (+57.8%), from €62,754 to €99,057
- Debts after one year -€24,000
down €24,000 (-12.6%), from €190,000 to €166,000
- Tax, wage and social debts +€11,976
up €11,976 (+40.9%), from €29,252 to €41,228
of which Taxes: +€8,213
- Gross operating margin +€18,869
up €18,869 (+6.1%), from €309,282 to €328,150
- Staff costs +€12,079
up €12,079 (+33.2%), from €36,423 to €48,502
- Financial income +€8,977
up €8,977 (+179%), from €5,015 to €13,992
- Write-downs -€6,437
down €6,437, from €1,611 to -€4,826
- Taxes +€6,015
up €6,015 (+9.9%), from €60,923 to €66,938
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €524,599 | €560,325 | +€35,726 | +6.8% |
| Fixed assets | 21/28 | €267,249 | €260,379 | -€6,870 | -2.6% |
| Tangible fixed assets | 22/27 | €264,155 | €249,285 | -€14,870 | -5.6% |
| Land and buildings | 22 | €246,107 | €233,500 | -€12,606 | -5.1% |
| Plant, machinery and equipment | 23 | €17,911 | €12,021 | -€5,890 | -32.9% |
| Furniture and vehicles | 24 | €137 | €3,763 | +€3,626 | +2,647% |
| Financial fixed assets | 28 | €3,094 | €11,094 | +€8,000 | +259% |
| Current assets | 29/58 | €257,350 | €299,946 | +€42,595 | +16.6% |
| Amounts receivable within one year | 40/41 | €145,822 | €121,153 | -€24,669 | -16.9% |
| Trade receivables | 40 | €143,329 | €121,053 | -€22,276 | -15.5% |
| Other amounts receivable | 41 | €2,493 | €100 | -€2,393 | -96.0% |
| Current investments | 50/53 | €88,909 | €92,529 | +€3,619 | +4.1% |
| Cash at bank and in hand | 54/58 | €14,936 | €77,981 | +€63,045 | +422% |
| Deferred charges and accrued income | 490/1 | €7,683 | €8,283 | +€599 | +7.8% |
| Total equity and liabilities | 10/49 | €524,599 | €560,325 | +€35,726 | +6.8% |
| Equity | 10/15 | €20,976 | €216,094 | +€195,118 | +930% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €524 | €195,643 | +€195,118 | +37,209% |
| Amounts payable | 17/49 | €503,623 | €344,231 | -€159,393 | -31.6% |
| Amounts payable after more than one year | 17 | €190,000 | €166,000 | -€24,000 | -12.6% |
| Financial debts | 170/4 | €190,000 | €166,000 | -€24,000 | -12.6% |
| Amounts payable within one year | 42/48 | €313,623 | €178,231 | -€135,393 | -43.2% |
| Current portion of amounts payable after more than one year | 42 | €37,517 | €37,446 | -€71 | -0.2% |
| Trade debts | 44 | €62,754 | €99,057 | +€36,302 | +57.8% |
| Suppliers | 440/4 | €62,754 | €99,057 | +€36,302 | +57.8% |
| Taxes, remuneration and social security | 45 | €29,252 | €41,228 | +€11,976 | +40.9% |
| Taxes | 450/3 | €23,244 | €31,456 | +€8,213 | +35.3% |
| Remuneration and social security | 454/9 | €6,008 | €9,771 | +€3,763 | +62.6% |
| Other amounts payable | 47/48 | €184,100 | €500 | -€183,600 | -99.7% |
| Remuneration, social security and pensions | 62 | €36,423 | €48,502 | +€12,079 | +33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,717 | €18,933 | -€784 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,611 | -€4,826 | -€6,437 | |
| Other operating charges | 640/8 | €2,183 | €6,917 | +€4,734 | +217% |
| Gross operating margin | 9900 | €309,282 | €328,150 | +€18,869 | +6.1% |
| Operating profit (loss) | 9901 | €249,347 | €258,624 | +€9,277 | +3.7% |
| Financial income | 75/76B | €5,015 | €13,992 | +€8,977 | +179% |
| Recurring financial income | 75 | €5,015 | €13,992 | +€8,977 | +179% |
| Financial charges | 65/66B | €10,474 | €10,560 | +€85 | +0.8% |
| Recurring financial charges | 65 | €10,474 | €10,560 | +€85 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €243,888 | €262,056 | +€18,168 | +7.4% |
| Income taxes | 67/77 | €60,923 | €66,938 | +€6,015 | +9.9% |
| Profit (loss) for the period | 9904 | €182,965 | €195,118 | +€12,153 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €182,965 | €195,118 | +€12,153 | +6.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.