ADG CONSEILS: 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.
ADG CONSEILS
Largest movements
- Receivables within one year -€6,818
down €6,818 (-13.1%), from €51,980 to €45,162
of which Trade receivables: -€8,369
- Cash +€3,312
up €3,312 (+246%), from €1,348 to €4,660
mainly Net result for the year (+€33,001) and Receivables within one year (+€6,818)
- Tangible fixed assets -€2,339
down €2,339 (-39.0%), from €6,003 to €3,664
of which Plant, machinery and equipment: -€4,706
- Advances received -€15,815
no longer reported in 2025 (was €15,815)
- Debts after one year +€5,620
up €5,620 (+565%), from €994 to €6,614
- Tax, wage and social debts +€3,956
up €3,956 (+15.4%), from €25,669 to €29,625
- Profit (loss) carried forward +€3,001
up €3,001 (+8.0%), from €37,290 to €40,291
- Other debts -€2,488
down €2,488 (-7.7%), from €32,488 to €30,000
- Turnover +€20,568
up €20,568 (+9.2%), from €224,379 to €244,947
- Purchases and services +€16,105
up €16,105 (+9.2%), from €174,208 to €190,313
- Gross operating margin +€4,463
up €4,463 (+8.9%), from €50,171 to €54,634
- Financial charges +€3,196
up €3,196 (+151%), from €2,117 to €5,313
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 | €146,361 | €140,056 | -€6,305 | -4.3% |
| Fixed assets | 21/28 | €8,898 | €6,559 | -€2,339 | -26.3% |
| Tangible fixed assets | 22/27 | €6,003 | €3,664 | -€2,339 | -39.0% |
| Plant, machinery and equipment | 23 | €6,003 | €1,297 | -€4,706 | -78.4% |
| Furniture and vehicles | 24 | - | €2,367 | +€2,367 | |
| Financial fixed assets | 28 | €2,895 | €2,895 | = | 0.0% |
| Current assets | 29/58 | €137,463 | €133,497 | -€3,966 | -2.9% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Trade receivables | 290 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,980 | €45,162 | -€6,818 | -13.1% |
| Trade receivables | 40 | €37,396 | €29,027 | -€8,369 | -22.4% |
| Other amounts receivable | 41 | €14,584 | €16,135 | +€1,551 | +10.6% |
| Cash at bank and in hand | 54/58 | €1,348 | €4,660 | +€3,312 | +246% |
| Deferred charges and accrued income | 490/1 | €4,135 | €3,675 | -€460 | -11.1% |
| Total equity and liabilities | 10/49 | €146,361 | €140,056 | -€6,305 | -4.3% |
| Equity | 10/15 | €55,890 | €58,891 | +€3,001 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,290 | €40,291 | +€3,001 | +8.0% |
| Amounts payable | 17/49 | €90,471 | €81,165 | -€9,306 | -10.3% |
| Amounts payable after more than one year | 17 | €994 | €6,614 | +€5,620 | +565% |
| Financial debts | 170/4 | €994 | €6,614 | +€5,620 | +565% |
| Amounts payable within one year | 42/48 | €89,477 | €74,551 | -€14,926 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €12,911 | €13,333 | +€422 | +3.3% |
| Financial debts | 43 | €3 | - | -€3 | |
| Credit institutions | 430/8 | €3 | - | -€3 | |
| Trade debts | 44 | €2,591 | €1,593 | -€998 | -38.5% |
| Suppliers | 440/4 | €2,591 | €1,593 | -€998 | -38.5% |
| Advances received on contracts in progress | 46 | €15,815 | - | -€15,815 | |
| Taxes, remuneration and social security | 45 | €25,669 | €29,625 | +€3,956 | +15.4% |
| Taxes | 450/3 | €25,669 | €29,625 | +€3,956 | +15.4% |
| Other amounts payable | 47/48 | €32,488 | €30,000 | -€2,488 | -7.7% |
| Turnover | 70 | €224,379 | €244,947 | +€20,568 | +9.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €174,208 | €190,313 | +€16,105 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,034 | €2,339 | -€695 | -22.9% |
| Other operating charges | 640/8 | €2,000 | €762 | -€1,238 | -61.9% |
| Non-recurring operating charges | 66A | €1,327 | €5,269 | +€3,942 | +297% |
| Gross operating margin | 9900 | €50,171 | €54,634 | +€4,463 | +8.9% |
| Operating profit (loss) | 9901 | €43,810 | €46,264 | +€2,454 | +5.6% |
| Financial income | 75/76B | €5,148 | €4,075 | -€1,073 | -20.8% |
| Recurring financial income | 75 | €4,135 | €4,075 | -€60 | -1.5% |
| Non-recurring financial income | 76B | €1,013 | - | -€1,013 | |
| Financial charges | 65/66B | €2,117 | €5,313 | +€3,196 | +151% |
| Recurring financial charges | 65 | €2,117 | €5,313 | +€3,196 | +151% |
| Profit (loss) for the period before taxes | 9903 | €46,841 | €45,026 | -€1,815 | -3.9% |
| Income taxes | 67/77 | €13,285 | €12,025 | -€1,260 | -9.5% |
| Profit (loss) for the period | 9904 | €33,556 | €33,001 | -€555 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,556 | €33,001 | -€555 | -1.7% |
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 13 October 2026 via checked.be.