ADILUC: 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.
ADILUC
Largest movements
- Cash +€188,745
up €188,745 (+90.7%), from €208,155 to €396,900
mainly Trade debts (+€170,923) and Net result for the year (+€68,421)
- Tangible fixed assets -€26,247
down €26,247 (-10.8%), from €241,991 to €215,744
of which Plant, machinery and equipment: -€16,553
- Stocks and contracts -€25,793
no longer reported in 2025 (was €25,793)
- Receivables within one year -€20,365
down €20,365 (-4.8%), from €426,551 to €406,187
- Trade debts +€170,923
up €170,923 (+54.8%), from €311,639 to €482,562
- Short-term financial debts -€80,000
no longer reported in 2025 (was €80,000)
- Reserves +€68,421
up €68,421 (+15.9%), from €429,596 to €498,017
- Accrued charges and deferred income -€24,978
no longer reported in 2025 (was €24,978)
- Debts after one year -€15,097
down €15,097 (-34.3%), from €44,031 to €28,934
- Gross operating margin -€6,058
down €6,058 (-3.5%), from €171,216 to €165,157
- Financial charges -€5,434
down €5,434 (-24.5%), from €22,188 to €16,755
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.
Cash bridge derived
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 | €1,002,015 | €1,116,259 | +€114,244 | +11.4% |
| Fixed assets | 21/28 | €333,040 | €306,793 | -€26,247 | -7.9% |
| Tangible fixed assets | 22/27 | €241,991 | €215,744 | -€26,247 | -10.8% |
| Land and buildings | 22 | €151,425 | €144,403 | -€7,022 | -4.6% |
| Plant, machinery and equipment | 23 | €55,159 | €38,607 | -€16,553 | -30.0% |
| Furniture and vehicles | 24 | €35,407 | €32,735 | -€2,672 | -7.5% |
| Financial fixed assets | 28 | €91,049 | €91,049 | = | 0.0% |
| Current assets | 29/58 | €668,975 | €809,466 | +€140,491 | +21.0% |
| Stocks and contracts in progress | 3 | €25,793 | - | -€25,793 | |
| Stocks | 30/36 | €25,793 | - | -€25,793 | |
| Amounts receivable within one year | 40/41 | €426,551 | €406,187 | -€20,365 | -4.8% |
| Trade receivables | 40 | €426,551 | €406,187 | -€20,365 | -4.8% |
| Cash at bank and in hand | 54/58 | €208,155 | €396,900 | +€188,745 | +90.7% |
| Deferred charges and accrued income | 490/1 | €8,476 | €6,380 | -€2,096 | -24.7% |
| Total equity and liabilities | 10/49 | €1,002,015 | €1,116,259 | +€114,244 | +11.4% |
| Equity | 10/15 | €448,596 | €517,017 | +€68,421 | +15.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €429,596 | €498,017 | +€68,421 | +15.9% |
| Distributable reserves | 133 | €429,596 | €498,017 | +€68,421 | +15.9% |
| Amounts payable | 17/49 | €553,420 | €599,242 | +€45,823 | +8.3% |
| Amounts payable after more than one year | 17 | €44,031 | €28,934 | -€15,097 | -34.3% |
| Financial debts | 170/4 | €44,031 | €28,934 | -€15,097 | -34.3% |
| Amounts payable within one year | 42/48 | €484,411 | €570,309 | +€85,898 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €25,159 | €21,764 | -€3,395 | -13.5% |
| Financial debts | 43 | €80,000 | - | -€80,000 | |
| Credit institutions | 430/8 | €80,000 | - | -€80,000 | |
| Trade debts | 44 | €311,639 | €482,562 | +€170,923 | +54.8% |
| Suppliers | 440/4 | €311,639 | €482,562 | +€170,923 | +54.8% |
| Taxes, remuneration and social security | 45 | €19,643 | €14,294 | -€5,350 | -27.2% |
| Taxes | 450/3 | €16,643 | €14,294 | -€2,350 | -14.1% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €47,970 | €51,690 | +€3,720 | +7.8% |
| Accrued charges and deferred income | 492/3 | €24,978 | - | -€24,978 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,349 | €40,583 | +€234 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €801 | €1,666 | +€865 | +108.0% |
| Other operating charges | 640/8 | €3,418 | €3,129 | -€288 | -8.4% |
| Gross operating margin | 9900 | €171,216 | €165,157 | -€6,058 | -3.5% |
| Operating profit (loss) | 9901 | €126,648 | €119,779 | -€6,869 | -5.4% |
| Financial charges | 65/66B | €22,188 | €16,755 | -€5,434 | -24.5% |
| Recurring financial charges | 65 | €22,188 | €16,755 | -€5,434 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €104,460 | €103,025 | -€1,435 | -1.4% |
| Income taxes | 67/77 | €34,583 | €34,603 | +€20 | +0.1% |
| Profit (loss) for the period | 9904 | €69,876 | €68,421 | -€1,455 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,876 | €68,421 | -€1,455 | -2.1% |
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 9 October 2026 via checked.be.