ADCOHR: 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.
ADCOHR
Largest movements
- Cash +€90,874
up €90,874 (+347%), from €26,213 to €117,087
mainly Current investments (+€90,000) and Accrued charges and deferred income (+€3,230)
- Current investments -€90,000
no longer reported in 2025 (was €90,000)
- Receivables within one year +€6,897
up €6,897 (+28.5%), from €24,226 to €31,123
of which Other amounts receivable: +€10,464
- Accrued charges and deferred income +€3,230
new in 2025: €3,230
- Tax, wage and social debts +€2,273
up €2,273 (+22.3%), from €10,181 to €12,454
of which Remuneration and social security: +€3,513
- Gross operating margin -€71,074
down €71,074 (-96.6%), from €73,573 to €2,499
- Taxes -€17,953
down €17,953 (-89.8%), from €19,984 to €2,032
- Financial income +€2,790
new in 2025: €2,790
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 | €142,039 | €149,925 | +€7,886 | +5.6% |
| Fixed assets | 21/28 | €1,214 | €1,137 | -€77 | -6.3% |
| Tangible fixed assets | 22/27 | €1,214 | €1,137 | -€77 | -6.3% |
| Plant, machinery and equipment | 23 | €1,074 | €393 | -€681 | -63.4% |
| Furniture and vehicles | 24 | €140 | €744 | +€604 | +431% |
| Current assets | 29/58 | €140,826 | €148,788 | +€7,963 | +5.7% |
| Amounts receivable within one year | 40/41 | €24,226 | €31,123 | +€6,897 | +28.5% |
| Trade receivables | 40 | €22,869 | €19,302 | -€3,567 | -15.6% |
| Other amounts receivable | 41 | €1,357 | €11,821 | +€10,464 | +771% |
| Current investments | 50/53 | €90,000 | - | -€90,000 | |
| Cash at bank and in hand | 54/58 | €26,213 | €117,087 | +€90,874 | +347% |
| Deferred charges and accrued income | 490/1 | €386 | €578 | +€192 | +49.7% |
| Total equity and liabilities | 10/49 | €142,039 | €149,925 | +€7,886 | +5.6% |
| Equity | 10/15 | €116,056 | €117,302 | +€1,246 | +1.1% |
| Reserves | 13 | €116,056 | €117,302 | +€1,246 | +1.1% |
| Distributable reserves | 133 | €116,056 | €117,302 | +€1,246 | +1.1% |
| Amounts payable | 17/49 | €25,983 | €32,623 | +€6,640 | +25.6% |
| Amounts payable within one year | 42/48 | €25,983 | €29,393 | +€3,410 | +13.1% |
| Trade debts | 44 | €1,703 | €2,840 | +€1,138 | +66.8% |
| Suppliers | 440/4 | €1,703 | €2,840 | +€1,138 | +66.8% |
| Taxes, remuneration and social security | 45 | €10,181 | €12,454 | +€2,273 | +22.3% |
| Taxes | 450/3 | €10,181 | €8,940 | -€1,241 | -12.2% |
| Remuneration and social security | 454/9 | - | €3,513 | +€3,513 | |
| Other amounts payable | 47/48 | €14,100 | €14,100 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €3,230 | +€3,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,320 | €1,148 | -€172 | -13.0% |
| Other operating charges | 640/8 | €298 | €636 | +€338 | +113% |
| Gross operating margin | 9900 | €73,573 | €2,499 | -€71,074 | -96.6% |
| Operating profit (loss) | 9901 | €71,955 | €715 | -€71,240 | -99.0% |
| Financial income | 75/76B | - | €2,790 | +€2,790 | |
| Recurring financial income | 75 | - | €2,790 | +€2,790 | |
| Financial charges | 65/66B | €305 | €227 | -€77 | -25.4% |
| Recurring financial charges | 65 | €305 | €227 | -€77 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €71,650 | €3,277 | -€68,373 | -95.4% |
| Income taxes | 67/77 | €19,984 | €2,032 | -€17,953 | -89.8% |
| Profit (loss) for the period | 9904 | €51,666 | €1,246 | -€50,420 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,666 | €1,246 | -€50,420 | -97.6% |
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 19 October 2026 via checked.be.