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
- Cash -€300,999
down €300,999 (-91.2%), from €330,033 to €29,034
mainly Contributions, distributions and other (-€310,046) and Receivables within one year (-€164,903)
- Receivables within one year +€164,903
up €164,903 (+2,780,831%), from €6 to €164,909
of which Other amounts receivable: +€164,903
- Receivables after one year -€50,000
down €50,000 (-8.0%), from €625,000 to €575,000
- Profit (loss) carried forward -€229,439
down €229,439 (-100%), from €229,439 to €0
- Debts after one year +€55,853
up €55,853 (+86.6%), from €64,508 to €120,360
- Tax, wage and social debts -€17,662
down €17,662 (-33.6%), from €52,637 to €34,976
of which Taxes: -€17,662
- Current portion of long-term debt +€11,586
up €11,586 (+36.3%), from €31,925 to €43,511
- Other debts -€9,954
down €9,954 (-100%), from €9,954 to €0
- Gross operating margin -€566,548
down €566,548 (-91.6%), from €618,578 to €52,029
- Taxes -€56,906
down €56,906 (-78.9%), from €72,121 to €15,215
- Financial income +€50,331
up €50,331 (+20,971,454%), from €0 to €50,332
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 | €980,669 | €794,608 | -€186,061 | -19.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €25,000 | €25,000 | = | 0.0% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €955,669 | €769,608 | -€186,061 | -19.5% |
| Amounts receivable after more than one year | 29 | €625,000 | €575,000 | -€50,000 | -8.0% |
| Trade receivables | 290 | €625,000 | €575,000 | -€50,000 | -8.0% |
| Amounts receivable within one year | 40/41 | €6 | €164,909 | +€164,903 | +2,780,831% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €6 | €164,909 | +€164,903 | +2,780,831% |
| Cash at bank and in hand | 54/58 | €330,033 | €29,034 | -€300,999 | -91.2% |
| Deferred charges and accrued income | 490/1 | €630 | €665 | +€35 | +5.6% |
| Total equity and liabilities | 10/49 | €980,669 | €794,608 | -€186,061 | -19.0% |
| Equity | 10/15 | €819,899 | €590,460 | -€229,439 | -28.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €571,860 | €571,860 | = | 0.0% |
| Distributable reserves | 133 | €571,860 | €571,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €229,439 | €0 | -€229,439 | -100% |
| Amounts payable | 17/49 | €160,770 | €204,148 | +€43,379 | +27.0% |
| Amounts payable after more than one year | 17 | €64,508 | €120,360 | +€55,853 | +86.6% |
| Financial debts | 170/4 | €64,508 | €120,360 | +€55,853 | +86.6% |
| Amounts payable within one year | 42/48 | €96,262 | €83,788 | -€12,474 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €31,925 | €43,511 | +€11,586 | +36.3% |
| Trade debts | 44 | €1,746 | €301 | -€1,445 | -82.8% |
| Suppliers | 440/4 | €1,746 | €301 | -€1,445 | -82.8% |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Taxes, remuneration and social security | 45 | €52,637 | €34,976 | -€17,662 | -33.6% |
| Taxes | 450/3 | €52,637 | €34,976 | -€17,662 | -33.6% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €9,954 | €0 | -€9,954 | -100% |
| Other operating charges | 640/8 | €4,138 | €4,726 | +€588 | +14.2% |
| Gross operating margin | 9900 | €618,578 | €52,029 | -€566,548 | -91.6% |
| Operating profit (loss) | 9901 | €614,439 | €47,303 | -€567,137 | -92.3% |
| Financial income | 75/76B | €0 | €50,332 | +€50,331 | +20,971,454% |
| Recurring financial income | 75 | €0 | €50,332 | +€50,331 | +20,971,454% |
| Financial charges | 65/66B | €2,183 | €1,813 | -€370 | -17.0% |
| Recurring financial charges | 65 | €2,183 | €1,813 | -€370 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €612,257 | €95,822 | -€516,435 | -84.3% |
| Income taxes | 67/77 | €72,121 | €15,215 | -€56,906 | -78.9% |
| Profit (loss) for the period | 9904 | €540,136 | €80,607 | -€459,529 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €540,136 | €80,607 | -€459,529 | -85.1% |
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 15 October 2026 via checked.be.