ADECCO CONSTRUCT: what changed
ADECCO CONSTRUCT
Largest movements
- Receivables within one year -€208,835
down €208,835 (-31.1%), from €672,035 to €463,200
of which Other amounts receivable: -€208,826
- Other debts -€350,000
no longer reported in 2025 (was €350,000)
- Profit (loss) carried forward +€91,175
up €91,175 (+538%), from €16,951 to €108,126
- Tax, wage and social debts +€42,494
up €42,494 (+73.7%), from €57,690 to €100,183
of which Remuneration and social security: +€42,894
- Trade debts +€7,226
up €7,226 (+28.0%), from €25,765 to €32,991
- Staff costs +€124,873
up €124,873 (+22.1%), from €564,677 to €689,550
- Gross operating margin +€83,372
up €83,372 (+11.0%), from €757,484 to €840,856
- Other operating charges -€12,296
down €12,296 (-24.0%), from €51,149 to €38,854
- Taxes -€9,418
down €9,418 (-22.6%), from €41,648 to €32,230
- Financial income -€8,413
down €8,413 (-41.2%), from €20,438 to €12,024
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €697,906 | €488,800 | -€209,106 | -30.0% |
| Fixed assets | 21/28 | €25,871 | €25,600 | -€270 | -1.0% |
| Tangible fixed assets | 22/27 | €1,082 | €811 | -€270 | -25.0% |
| Plant, machinery and equipment | 23 | €1,082 | €811 | -€270 | -25.0% |
| Financial fixed assets | 28 | €24,789 | €24,789 | = | 0.0% |
| Current assets | 29/58 | €672,035 | €463,200 | -€208,835 | -31.1% |
| Amounts receivable within one year | 40/41 | €672,035 | €463,200 | -€208,835 | -31.1% |
| Trade receivables | 40 | €9 | - | -€9 | |
| Other amounts receivable | 41 | €672,026 | €463,200 | -€208,826 | -31.1% |
| Total equity and liabilities | 10/49 | €697,906 | €488,800 | -€209,106 | -30.0% |
| Equity | 10/15 | €264,451 | €355,626 | +€91,175 | +34.5% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Capital | 10 | €225,000 | €225,000 | = | 0.0% |
| Issued capital | 100 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €22,500 | €22,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,500 | €22,500 | = | 0.0% |
| Legal reserve | 130 | €22,500 | €22,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,951 | €108,126 | +€91,175 | +538% |
| Amounts payable | 17/49 | €433,455 | €133,174 | -€300,281 | -69.3% |
| Amounts payable within one year | 42/48 | €433,455 | €133,174 | -€300,281 | -69.3% |
| Trade debts | 44 | €25,765 | €32,991 | +€7,226 | +28.0% |
| Suppliers | 440/4 | €25,765 | €32,991 | +€7,226 | +28.0% |
| Taxes, remuneration and social security | 45 | €57,690 | €100,183 | +€42,494 | +73.7% |
| Taxes | 450/3 | €12,914 | €12,514 | -€400 | -3.1% |
| Remuneration and social security | 454/9 | €44,775 | €87,669 | +€42,894 | +95.8% |
| Other amounts payable | 47/48 | €350,000 | - | -€350,000 | |
| Remuneration, social security and pensions | 62 | €564,677 | €689,550 | +€124,873 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270 | €270 | = | 0.0% |
| Other operating charges | 640/8 | €51,149 | €38,854 | -€12,296 | -24.0% |
| Gross operating margin | 9900 | €757,484 | €840,856 | +€83,372 | +11.0% |
| Operating profit (loss) | 9901 | €141,387 | €112,181 | -€29,206 | -20.7% |
| Financial income | 75/76B | €20,438 | €12,024 | -€8,413 | -41.2% |
| Recurring financial income | 75 | €20,438 | €12,024 | -€8,413 | -41.2% |
| Financial charges | 65/66B | €693 | €801 | +€108 | +15.6% |
| Recurring financial charges | 65 | €693 | €801 | +€108 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €161,132 | €123,405 | -€37,727 | -23.4% |
| Income taxes | 67/77 | €41,648 | €32,230 | -€9,418 | -22.6% |
| Profit (loss) for the period | 9904 | €119,485 | €91,175 | -€28,310 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €119,485 | €91,175 | -€28,310 | -23.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.