ADF Trucks&Trailers: 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 Trucks&Trailers
Largest movements
- Receivables within one year +€24,078
up €24,078 (+61.3%), from €39,274 to €63,352
of which Trade receivables: +€24,536
- Cash -€10,661
down €10,661 (-89.0%), from €11,973 to €1,312
mainly Receivables within one year (-€24,078) and Trade debts (-€12,900)
- Tangible fixed assets +€9,328
new in 2025: €9,328
of which Furniture and vehicles: +€7,989
- Deferred charges and accrued income +€2,409
up €2,409 (+139%), from €1,735 to €4,144
- Formation expenses -€1,230
down €1,230 (-77.8%), from €1,580 to €350
- Profit (loss) carried forward +€21,557
up €21,557, from -€2,102 to €19,455
- Tax, wage and social debts +€14,413
up €14,413 (+592%), from €2,435 to €16,848
of which Taxes: +€12,987
- Trade debts -€12,900
down €12,900 (-35.4%), from €36,412 to €23,512
- Other debts +€854
up €854 (+6.7%), from €12,818 to €13,672
- Gross operating margin +€94,928
up €94,928, from -€540 to €94,388
- Staff costs +€62,070
new in 2025: €62,070
- Taxes +€5,589
new in 2025: €5,589
- Other operating charges +€1,772
up €1,772 (+292%), from €606 to €2,378
- Depreciation +€1,523
up €1,523 (+173%), from €880 to €2,402
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 | €54,562 | €78,486 | +€23,924 | +43.8% |
| Formation expenses | 20 | €1,580 | €350 | -€1,230 | -77.8% |
| Fixed assets | 21/28 | - | €9,328 | +€9,328 | |
| Tangible fixed assets | 22/27 | - | €9,328 | +€9,328 | |
| Plant, machinery and equipment | 23 | - | €1,339 | +€1,339 | |
| Furniture and vehicles | 24 | - | €7,989 | +€7,989 | |
| Current assets | 29/58 | €52,982 | €68,808 | +€15,826 | +29.9% |
| Amounts receivable within one year | 40/41 | €39,274 | €63,352 | +€24,078 | +61.3% |
| Trade receivables | 40 | €38,780 | €63,316 | +€24,536 | +63.3% |
| Other amounts receivable | 41 | €493 | €35 | -€458 | -92.9% |
| Cash at bank and in hand | 54/58 | €11,973 | €1,312 | -€10,661 | -89.0% |
| Deferred charges and accrued income | 490/1 | €1,735 | €4,144 | +€2,409 | +139% |
| Total equity and liabilities | 10/49 | €54,562 | €78,486 | +€23,924 | +43.8% |
| Equity | 10/15 | €2,898 | €24,455 | +€21,557 | +744% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,102 | €19,455 | +€21,557 | |
| Amounts payable | 17/49 | €51,664 | €54,032 | +€2,367 | +4.6% |
| Amounts payable within one year | 42/48 | €51,664 | €54,032 | +€2,367 | +4.6% |
| Trade debts | 44 | €36,412 | €23,512 | -€12,900 | -35.4% |
| Suppliers | 440/4 | €36,412 | €23,512 | -€12,900 | -35.4% |
| Taxes, remuneration and social security | 45 | €2,435 | €16,848 | +€14,413 | +592% |
| Taxes | 450/3 | €2,435 | €15,422 | +€12,987 | +533% |
| Remuneration and social security | 454/9 | - | €1,426 | +€1,426 | |
| Other amounts payable | 47/48 | €12,818 | €13,672 | +€854 | +6.7% |
| Remuneration, social security and pensions | 62 | - | €62,070 | +€62,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €880 | €2,402 | +€1,523 | +173% |
| Other operating charges | 640/8 | €606 | €2,378 | +€1,772 | +292% |
| Gross operating margin | 9900 | -€540 | €94,388 | +€94,928 | |
| Operating profit (loss) | 9901 | -€2,026 | €27,538 | +€29,564 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €76 | €392 | +€316 | +414% |
| Recurring financial charges | 65 | €76 | €392 | +€316 | +414% |
| Profit (loss) for the period before taxes | 9903 | -€2,102 | €27,146 | +€29,248 | |
| Income taxes | 67/77 | - | €5,589 | +€5,589 | |
| Profit (loss) for the period | 9904 | -€2,102 | €21,557 | +€23,659 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,102 | €21,557 | +€23,659 |
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 18 October 2026 via checked.be.