ADF PORTS: 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.
ADF PORTS
Largest movements
- Receivables within one year -€15,970
down €15,970 (-71.9%), from €22,224 to €6,253
of which Trade receivables: -€15,970
- Tangible fixed assets +€15,000
new in 2025: €15,000
- Stocks and contracts -€5,318
down €5,318 (-55.7%), from €9,550 to €4,232
- Cash -€5,293
down €5,293 (-38.8%), from €13,634 to €8,340
mainly Net result for the year (-€19,408) and Investment in fixed assets (net) (-€15,000)
- Deferred charges and accrued income +€3,189
up €3,189 (+180%), from €1,769 to €4,958
- Profit (loss) carried forward -€19,408
down €19,408, from €1,246 to -€18,162
- Trade debts +€12,656
new in 2025: €12,656
- Tax, wage and social debts -€1,641
no longer reported in 2025 (was €1,641)
- Gross operating margin -€13,766
down €13,766 (-320%), from -€4,302 to -€18,068
- Other operating charges +€272
up €272 (+115%), from €235 to €507
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 | €47,177 | €38,784 | -€8,393 | -17.8% |
| Fixed assets | 21/28 | - | €15,000 | +€15,000 | |
| Tangible fixed assets | 22/27 | - | €15,000 | +€15,000 | |
| Furniture and vehicles | 24 | - | €15,000 | +€15,000 | |
| Current assets | 29/58 | €47,177 | €23,784 | -€23,393 | -49.6% |
| Stocks and contracts in progress | 3 | €9,550 | €4,232 | -€5,318 | -55.7% |
| Stocks | 30/36 | €9,550 | €4,232 | -€5,318 | -55.7% |
| Amounts receivable within one year | 40/41 | €22,224 | €6,253 | -€15,970 | -71.9% |
| Trade receivables | 40 | €21,224 | €5,253 | -€15,970 | -75.2% |
| Other amounts receivable | 41 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,634 | €8,340 | -€5,293 | -38.8% |
| Deferred charges and accrued income | 490/1 | €1,769 | €4,958 | +€3,189 | +180% |
| Total equity and liabilities | 10/49 | €47,177 | €38,784 | -€8,393 | -17.8% |
| Equity | 10/15 | €45,536 | €26,128 | -€19,408 | -42.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,890 | €31,890 | = | 0.0% |
| Distributable reserves | 133 | €31,890 | €31,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,246 | -€18,162 | -€19,408 | |
| Amounts payable | 17/49 | €1,641 | €12,656 | +€11,015 | +671% |
| Amounts payable within one year | 42/48 | €1,641 | €12,656 | +€11,015 | +671% |
| Trade debts | 44 | - | €12,656 | +€12,656 | |
| Suppliers | 440/4 | - | €12,656 | +€12,656 | |
| Taxes, remuneration and social security | 45 | €1,641 | - | -€1,641 | |
| Taxes | 450/3 | €1,641 | - | -€1,641 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143 | - | -€143 | |
| Other operating charges | 640/8 | €235 | €507 | +€272 | +115% |
| Gross operating margin | 9900 | -€4,302 | -€18,068 | -€13,766 | -320% |
| Operating profit (loss) | 9901 | -€4,679 | -€18,575 | -€13,895 | -297% |
| Financial income | 75/76B | €18 | €23 | +€5 | +26.5% |
| Recurring financial income | 75 | €18 | €23 | +€5 | +26.5% |
| Financial charges | 65/66B | €973 | €856 | -€117 | -12.0% |
| Recurring financial charges | 65 | €973 | €856 | -€117 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,635 | -€19,408 | -€13,773 | -244% |
| Profit (loss) for the period | 9904 | -€5,635 | -€19,408 | -€13,773 | -244% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,635 | -€19,408 | -€13,773 | -244% |
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 17 October 2026 via checked.be.