ADJB Consult: what changed
Two fiscal 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.
ADJB Consult
Largest movements
- Receivables within one year -€12,586
down €12,586 (-82.9%), from €15,182 to €2,596
of which Trade receivables: -€15,181
- Deferred charges and accrued income +€818
new in 2025: €818
- Cash -€696
down €696 (-62.1%), from €1,122 to €425
mainly Net result for the year (-€12,941) and Trade debts (-€1,613)
- Formation expenses -€280
down €280 (-25.2%), from €1,109 to €829
- Tangible fixed assets +€231
up €231 (+31.5%), from €732 to €963
- Profit (loss) carried forward -€12,941
down €12,941, from €6,175 to -€6,766
- Tax, wage and social debts +€3,041
up €3,041 (+88.7%), from €3,427 to €6,468
- Trade debts -€1,613
down €1,613 (-29.1%), from €5,543 to €3,930
- Other debts -€1,000
no longer reported in 2025 (was €1,000)
- Gross operating margin -€23,006
down €23,006, from €11,751 to -€11,255
- Taxes -€3,229
down €3,229 (-94.2%), from €3,427 to €198
- Other operating charges -€930
down €930 (-66.5%), from €1,399 to €469
- Financial charges +€180
up €180 (+251.5%), from €71 to €251
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 | €18,145 | €5,632 | -€12,513 | -69.0% |
| Formation expenses | 20 | €1,109 | €829 | -€280 | -25.2% |
| Fixed assets | 21/28 | €732 | €963 | +€231 | +31.5% |
| Tangible fixed assets | 22/27 | €732 | €963 | +€231 | +31.5% |
| Furniture and vehicles | 24 | €732 | €963 | +€231 | +31.5% |
| Current assets | 29/58 | €16,303 | €3,839 | -€12,464 | -76.5% |
| Amounts receivable within one year | 40/41 | €15,182 | €2,596 | -€12,586 | -82.9% |
| Trade receivables | 40 | €15,182 | €1 | -€15,181 | -100.0% |
| Other amounts receivable | 41 | - | €2,595 | +€2,595 | |
| Cash at bank and in hand | 54/58 | €1,122 | €425 | -€696 | -62.1% |
| Deferred charges and accrued income | 490/1 | - | €818 | +€818 | |
| Total equity and liabilities | 10/49 | €18,145 | €5,632 | -€12,513 | -69.0% |
| Equity | 10/15 | €8,175 | -€4,766 | -€12,941 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,175 | -€6,766 | -€12,941 | |
| Amounts payable | 17/49 | €9,970 | €10,398 | +€428 | +4.3% |
| Amounts payable within one year | 42/48 | €9,970 | €10,398 | +€428 | +4.3% |
| Trade debts | 44 | €5,543 | €3,930 | -€1,613 | -29.1% |
| Suppliers | 440/4 | €5,543 | €3,930 | -€1,613 | -29.1% |
| Taxes, remuneration and social security | 45 | €3,427 | €6,468 | +€3,041 | +88.7% |
| Taxes | 450/3 | €3,427 | €6,468 | +€3,041 | +88.7% |
| Other amounts payable | 47/48 | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €678 | €768 | +€90 | +13.3% |
| Other operating charges | 640/8 | €1,399 | €469 | -€930 | -66.5% |
| Gross operating margin | 9900 | €11,751 | -€11,255 | -€23,006 | |
| Operating profit (loss) | 9901 | €9,674 | -€12,492 | -€22,166 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €71 | €251 | +€180 | +251.5% |
| Recurring financial charges | 65 | €71 | €251 | +€180 | +251.5% |
| Profit (loss) for the period before taxes | 9903 | €9,602 | -€12,743 | -€22,345 | |
| Income taxes | 67/77 | €3,427 | €198 | -€3,229 | -94.2% |
| Profit (loss) for the period | 9904 | €6,175 | -€12,941 | -€19,116 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,175 | -€12,941 | -€19,116 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.