ADG Consult: 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 Consult
Largest movements
- Receivables within one year -€93,844
down €93,844 (-67.6%), from €138,844 to €45,000
- Cash +€87,998
up €87,998 (+63.8%), from €137,844 to €225,843
mainly Other debts (+€180,000) and Depreciation (+€97,091)
- Tangible fixed assets -€65,314
down €65,314 (-5.3%), from €1.2m to €1.2m
- Reserves -€183,318
down €183,318 (-68.0%), from €269,687 to €86,369
of which Distributable reserves: -€180,000
- Other debts +€180,000
new in 2025: €180,000
- Tax, wage and social debts -€41,892
down €41,892 (-94.6%), from €44,293 to €2,400
- Debts after one year -€19,300
down €19,300 (-21.9%), from €88,239 to €68,939
- Trade debts -€16,098
down €16,098 (-81.2%), from €19,813 to €3,715
- Gross operating margin -€947,611
down €947,611 (-89.3%), from €1.1m to €113,879
- Taxes -€211,139
down €211,139 (-98.9%), from €213,539 to €2,400
- Depreciation +€14,634
up €14,634 (+17.7%), from €82,457 to €97,091
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 | €1,512,972 | €1,443,005 | -€69,967 | -4.6% |
| Fixed assets | 21/28 | €1,235,826 | €1,170,511 | -€65,314 | -5.3% |
| Tangible fixed assets | 22/27 | €1,235,826 | €1,170,511 | -€65,314 | -5.3% |
| Land and buildings | 22 | €1,235,826 | €1,170,511 | -€65,314 | -5.3% |
| Current assets | 29/58 | €277,147 | €272,494 | -€4,653 | -1.7% |
| Amounts receivable within one year | 40/41 | €138,844 | €45,000 | -€93,844 | -67.6% |
| Trade receivables | 40 | €138,844 | €45,000 | -€93,844 | -67.6% |
| Cash at bank and in hand | 54/58 | €137,844 | €225,843 | +€87,998 | +63.8% |
| Deferred charges and accrued income | 490/1 | €458 | €1,651 | +€1,193 | +260% |
| Total equity and liabilities | 10/49 | €1,512,972 | €1,443,005 | -€69,967 | -4.6% |
| Equity | 10/15 | €1,321,015 | €1,144,104 | -€176,911 | -13.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €269,687 | €86,369 | -€183,318 | -68.0% |
| Non-distributable reserves | 130/1 | €90 | €90 | = | 0.0% |
| Reserves not available under the articles | 1311 | €90 | €90 | = | 0.0% |
| Tax-exempt reserves | 132 | €89,598 | €86,279 | -€3,318 | -3.7% |
| Distributable reserves | 133 | €180,000 | - | -€180,000 | |
| Profit (loss) carried forward | 14 | €1,032,778 | €1,039,185 | +€6,408 | +0.6% |
| Provisions and deferred taxes | 16 | €29,866 | €28,760 | -€1,106 | -3.7% |
| Deferred taxes | 168 | €29,866 | €28,760 | -€1,106 | -3.7% |
| Amounts payable | 17/49 | €162,091 | €270,141 | +€108,050 | +66.7% |
| Amounts payable after more than one year | 17 | €88,239 | €68,939 | -€19,300 | -21.9% |
| Other amounts payable | 178/9 | €88,239 | €68,939 | -€19,300 | -21.9% |
| Amounts payable within one year | 42/48 | €64,105 | €186,115 | +€122,010 | +190% |
| Trade debts | 44 | €19,813 | €3,715 | -€16,098 | -81.2% |
| Suppliers | 440/4 | €19,813 | €3,715 | -€16,098 | -81.2% |
| Taxes, remuneration and social security | 45 | €44,293 | €2,400 | -€41,892 | -94.6% |
| Taxes | 450/3 | €44,293 | €2,400 | -€41,892 | -94.6% |
| Other amounts payable | 47/48 | - | €180,000 | +€180,000 | |
| Accrued charges and deferred income | 492/3 | €9,747 | €15,087 | +€5,340 | +54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,457 | €97,091 | +€14,634 | +17.7% |
| Other operating charges | 640/8 | €443 | €7,010 | +€6,567 | +1,482% |
| Gross operating margin | 9900 | €1,061,490 | €113,879 | -€947,611 | -89.3% |
| Operating profit (loss) | 9901 | €978,590 | €9,778 | -€968,812 | -99.0% |
| Financial charges | 65/66B | €9,799 | €5,395 | -€4,403 | -44.9% |
| Recurring financial charges | 65 | €9,799 | €5,395 | -€4,403 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €968,791 | €4,383 | -€964,408 | -99.5% |
| Transfer from deferred taxes | 780 | €1,106 | €1,106 | = | 0.0% |
| Transfer to deferred taxes | 680 | €30,972 | - | -€30,972 | |
| Income taxes | 67/77 | €213,539 | €2,400 | -€211,139 | -98.9% |
| Profit (loss) for the period | 9904 | €725,386 | €3,089 | -€722,297 | -99.6% |
| Transfer from tax-exempt reserves | 789 | €3,318 | €3,318 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €92,916 | - | -€92,916 | |
| Profit (loss) for the period to be appropriated | 9905 | €635,788 | €6,408 | -€629,381 | -99.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.