ADE GROUP: 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.
ADE GROUP
Largest movements
- Receivables within one year -€108,190
down €108,190 (-34.4%), from €314,947 to €206,757
of which Trade receivables: -€244,919
- Tangible fixed assets +€7,024
up €7,024 (+110%), from €6,406 to €13,430
of which Furniture and vehicles: +€8,076
- Cash -€4,870
down €4,870 (-97.2%), from €5,011 to €141
mainly Trade debts (-€93,378) and Contributions, distributions and other (-€25,000)
- Trade debts -€93,378
down €93,378 (-94.0%), from €99,292 to €5,914
- Other debts -€14,906
down €14,906 (-37.4%), from €39,906 to €25,000
- Current portion of long-term debt +€3,396
new in 2025: €3,396
- Turnover -€424,774
down €424,774 (-57.8%), from €734,864 to €310,090
- Purchases and services -€246,084
down €246,084 (-47.3%), from €520,301 to €274,217
- Gross operating margin -€178,690
down €178,690 (-83.3%), from €214,563 to €35,873
- Taxes -€41,878
down €41,878 (-97.1%), from €43,143 to €1,265
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 | €327,563 | €221,790 | -€105,773 | -32.3% |
| Fixed assets | 21/28 | €6,586 | €13,610 | +€7,024 | +107% |
| Tangible fixed assets | 22/27 | €6,406 | €13,430 | +€7,024 | +110% |
| Plant, machinery and equipment | 23 | €6,406 | €5,354 | -€1,052 | -16.4% |
| Furniture and vehicles | 24 | - | €8,076 | +€8,076 | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €320,977 | €208,180 | -€112,797 | -35.1% |
| Amounts receivable within one year | 40/41 | €314,947 | €206,757 | -€108,190 | -34.4% |
| Trade receivables | 40 | €314,582 | €69,663 | -€244,919 | -77.9% |
| Other amounts receivable | 41 | €365 | €137,094 | +€136,729 | +37,460% |
| Cash at bank and in hand | 54/58 | €5,011 | €141 | -€4,870 | -97.2% |
| Deferred charges and accrued income | 490/1 | €1,019 | €1,282 | +€263 | +25.8% |
| Total equity and liabilities | 10/49 | €327,563 | €221,790 | -€105,773 | -32.3% |
| Equity | 10/15 | €142,137 | €142,155 | +€18 | 0.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,637 | €141,655 | +€18 | 0.0% |
| Amounts payable | 17/49 | €185,426 | €79,635 | -€105,791 | -57.1% |
| Amounts payable within one year | 42/48 | €185,426 | €79,635 | -€105,791 | -57.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,396 | +€3,396 | |
| Trade debts | 44 | €99,292 | €5,914 | -€93,378 | -94.0% |
| Suppliers | 440/4 | €99,292 | €5,914 | -€93,378 | -94.0% |
| Taxes, remuneration and social security | 45 | €46,228 | €45,325 | -€903 | -2.0% |
| Taxes | 450/3 | €46,228 | €45,325 | -€903 | -2.0% |
| Other amounts payable | 47/48 | €39,906 | €25,000 | -€14,906 | -37.4% |
| Turnover | 70 | €734,864 | €310,090 | -€424,774 | -57.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €520,301 | €274,217 | -€246,084 | -47.3% |
| Remuneration, social security and pensions | 62 | €29 | - | -€29 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,001 | €4,639 | +€1,638 | +54.6% |
| Other operating charges | 640/8 | €1,588 | €4,674 | +€3,086 | +194% |
| Non-recurring operating charges | 66A | - | €3,263 | +€3,263 | |
| Gross operating margin | 9900 | €214,563 | €35,873 | -€178,690 | -83.3% |
| Operating profit (loss) | 9901 | €209,945 | €23,297 | -€186,648 | -88.9% |
| Financial income | 75/76B | €5 | €3,756 | +€3,751 | +75,020% |
| Recurring financial income | 75 | €5 | €3,756 | +€3,751 | +75,020% |
| Financial charges | 65/66B | €170 | €770 | +€600 | +353% |
| Recurring financial charges | 65 | €170 | €770 | +€600 | +353% |
| Profit (loss) for the period before taxes | 9903 | €209,780 | €26,283 | -€183,497 | -87.5% |
| Income taxes | 67/77 | €43,143 | €1,265 | -€41,878 | -97.1% |
| Profit (loss) for the period | 9904 | €166,637 | €25,018 | -€141,619 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €166,637 | €25,018 | -€141,619 | -85.0% |
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 16 October 2026 via checked.be.