ADIS: 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.
ADIS
Largest movements
- Receivables within one year -€69,379
down €69,379 (-82.3%), from €84,288 to €14,909
of which Trade receivables: -€45,998
- Stocks and contracts -€12,104
down €12,104 (-55.3%), from €21,875 to €9,771
of which Contracts in progress: -€10,589
- Cash +€8,558
up €8,558 (+7.3%), from €117,143 to €125,701
mainly Receivables within one year (+€69,379) and Stocks and contracts (+€12,104)
- Other debts -€39,005
down €39,005 (-98.2%), from €39,735 to €730
- Trade debts -€18,007
down €18,007 (-53.2%), from €33,865 to €15,858
- Profit (loss) carried forward -€15,046
down €15,046 (-99.6%), from €15,111 to €65
- Gross operating margin -€79,001
down €79,001, from €65,153 to -€13,848
- Staff costs -€23,836
no longer reported in 2025 (was €23,836)
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 | €224,810 | €152,234 | -€72,576 | -32.3% |
| Fixed assets | 21/28 | €811 | €1,412 | +€601 | +74.2% |
| Tangible fixed assets | 22/27 | €461 | €1,062 | +€601 | +131% |
| Plant, machinery and equipment | 23 | €461 | €1,062 | +€601 | +131% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €223,999 | €150,822 | -€73,177 | -32.7% |
| Stocks and contracts in progress | 3 | €21,875 | €9,771 | -€12,104 | -55.3% |
| Stocks | 30/36 | €5,989 | €4,474 | -€1,515 | -25.3% |
| Contracts in progress | 37 | €15,886 | €5,297 | -€10,589 | -66.7% |
| Amounts receivable within one year | 40/41 | €84,288 | €14,909 | -€69,379 | -82.3% |
| Trade receivables | 40 | €57,392 | €11,394 | -€45,998 | -80.1% |
| Other amounts receivable | 41 | €26,896 | €3,515 | -€23,381 | -86.9% |
| Cash at bank and in hand | 54/58 | €117,143 | €125,701 | +€8,558 | +7.3% |
| Deferred charges and accrued income | 490/1 | €693 | €441 | -€252 | -36.4% |
| Total equity and liabilities | 10/49 | €224,810 | €152,234 | -€72,576 | -32.3% |
| Equity | 10/15 | €150,693 | €135,646 | -€15,046 | -10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,982 | €116,982 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,562 | €25,562 | = | 0.0% |
| Distributable reserves | 133 | €89,559 | €89,559 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,111 | €65 | -€15,046 | -99.6% |
| Amounts payable | 17/49 | €74,117 | €16,588 | -€57,529 | -77.6% |
| Amounts payable within one year | 42/48 | €74,117 | €16,588 | -€57,529 | -77.6% |
| Trade debts | 44 | €33,865 | €15,858 | -€18,007 | -53.2% |
| Suppliers | 440/4 | €33,865 | €15,858 | -€18,007 | -53.2% |
| Taxes, remuneration and social security | 45 | €517 | - | -€517 | |
| Taxes | 450/3 | €517 | - | -€517 | |
| Other amounts payable | 47/48 | €39,735 | €730 | -€39,005 | -98.2% |
| Remuneration, social security and pensions | 62 | €23,836 | - | -€23,836 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €629 | €441 | -€188 | -29.8% |
| Other operating charges | 640/8 | €631 | €679 | +€48 | +7.6% |
| Gross operating margin | 9900 | €65,153 | -€13,848 | -€79,001 | |
| Operating profit (loss) | 9901 | €40,057 | -€14,968 | -€55,025 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €40 | €78 | +€38 | +97.1% |
| Recurring financial charges | 65 | €40 | €78 | +€38 | +97.1% |
| Profit (loss) for the period before taxes | 9903 | €40,018 | -€15,046 | -€55,064 | |
| Income taxes | 67/77 | €469 | - | -€469 | |
| Profit (loss) for the period | 9904 | €39,548 | -€15,046 | -€54,595 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,548 | -€15,046 | -€54,595 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.