ADIF CONSTRUCT: 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.
ADIF CONSTRUCT
Largest movements
- Receivables within one year +€4,098
up €4,098 (+11.6%), from €35,229 to €39,327
of which Other amounts receivable: +€4,880
- Tangible fixed assets +€2,863
up €2,863 (+7.1%), from €40,044 to €42,907
of which Furniture and vehicles: +€6,113
- Cash -€1,691
down €1,691 (-66.6%), from €2,539 to €849
mainly Investment in fixed assets (net) (-€24,999) and Other debts (-€10,681)
- Other debts -€10,681
down €10,681 (-31.0%), from €34,430 to €23,749
- Profit (loss) carried forward +€7,978
up €7,978 (+56.6%), from -€14,085 to -€6,107
- Trade debts +€4,169
up €4,169 (+28.9%), from €14,439 to €18,608
- Debts after one year +€3,954
up €3,954 (+16.6%), from €23,813 to €27,767
- Gross operating margin +€16,659
up €16,659 (+69.8%), from €23,853 to €40,513
- Financial income -€5,863
down €5,863 (-99.8%), from €5,877 to €14
- Taxes +€4,253
up €4,253 (+495%), from €859 to €5,112
- Depreciation +€4,167
up €4,167 (+23.2%), from €17,970 to €22,136
- Financial charges +€970
up €970 (+48.0%), from €2,021 to €2,991
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 | €81,733 | €86,413 | +€4,680 | +5.7% |
| Fixed assets | 21/28 | €40,044 | €42,907 | +€2,863 | +7.1% |
| Tangible fixed assets | 22/27 | €40,044 | €42,907 | +€2,863 | +7.1% |
| Plant, machinery and equipment | 23 | €9,750 | €6,500 | -€3,250 | -33.3% |
| Furniture and vehicles | 24 | €30,294 | €36,407 | +€6,113 | +20.2% |
| Current assets | 29/58 | €41,689 | €43,507 | +€1,817 | +4.4% |
| Stocks and contracts in progress | 3 | €3,922 | €3,331 | -€590 | -15.1% |
| Stocks | 30/36 | €3,922 | €3,331 | -€590 | -15.1% |
| Amounts receivable within one year | 40/41 | €35,229 | €39,327 | +€4,098 | +11.6% |
| Trade receivables | 40 | €22,391 | €21,610 | -€781 | -3.5% |
| Other amounts receivable | 41 | €12,838 | €17,717 | +€4,880 | +38.0% |
| Cash at bank and in hand | 54/58 | €2,539 | €849 | -€1,691 | -66.6% |
| Total equity and liabilities | 10/49 | €81,733 | €86,413 | +€4,680 | +5.7% |
| Equity | 10/15 | €4,465 | €12,443 | +€7,978 | +179% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,085 | -€6,107 | +€7,978 | +56.6% |
| Amounts payable | 17/49 | €77,268 | €73,970 | -€3,298 | -4.3% |
| Amounts payable after more than one year | 17 | €23,813 | €27,767 | +€3,954 | +16.6% |
| Financial debts | 170/4 | €23,813 | €27,767 | +€3,954 | +16.6% |
| Amounts payable within one year | 42/48 | €53,455 | €46,203 | -€7,252 | -13.6% |
| Trade debts | 44 | €14,439 | €18,608 | +€4,169 | +28.9% |
| Suppliers | 440/4 | €14,439 | €18,608 | +€4,169 | +28.9% |
| Taxes, remuneration and social security | 45 | €4,586 | €3,846 | -€740 | -16.1% |
| Taxes | 450/3 | - | €3,200 | +€3,200 | |
| Remuneration and social security | 454/9 | €4,586 | €646 | -€3,940 | -85.9% |
| Other amounts payable | 47/48 | €34,430 | €23,749 | -€10,681 | -31.0% |
| Non-recurring operating income | 76A | - | €7,025 | +€7,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,970 | €22,136 | +€4,167 | +23.2% |
| Other operating charges | 640/8 | €1,433 | €1,572 | +€139 | +9.7% |
| Non-recurring operating charges | 66A | €390 | €737 | +€346 | +88.7% |
| Gross operating margin | 9900 | €23,853 | €40,513 | +€16,659 | +69.8% |
| Operating profit (loss) | 9901 | €4,060 | €16,067 | +€12,007 | +296% |
| Financial income | 75/76B | €5,877 | €14 | -€5,863 | -99.8% |
| Recurring financial income | 75 | €5,877 | €14 | -€5,863 | -99.8% |
| Financial charges | 65/66B | €2,021 | €2,991 | +€970 | +48.0% |
| Recurring financial charges | 65 | €2,021 | €2,991 | +€970 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €7,916 | €13,090 | +€5,174 | +65.4% |
| Income taxes | 67/77 | €859 | €5,112 | +€4,253 | +495% |
| Profit (loss) for the period | 9904 | €7,057 | €7,978 | +€921 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,057 | €7,978 | +€921 | +13.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.