ADK Concept: 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.
ADK Concept
Largest movements
- Stocks and contracts -€108,881
down €108,881 (-40.9%), from €266,371 to €157,490
- Cash +€82,407
up €82,407 (+494.1%), from €16,677 to €99,084
mainly Stocks and contracts (+€108,881) and Net result for the year (+€79,790)
- Tangible fixed assets +€31,152
up €31,152 (+20068.2%), from €155 to €31,307
of which Furniture and vehicles: +€20,552
- Debts after one year -€121,153
down €121,153 (-61.2%), from €198,000 to €76,847
- Profit (loss) carried forward +€79,790
up €79,790, from -€10,980 to €68,810
- Tax, wage and social debts +€27,300
up €27,300 (+12682.8%), from €215 to €27,515
- Other debts +€12,223
up €12,223 (+14.1%), from €86,444 to €98,667
- Current portion of long-term debt +€7,588
new in 2025: €7,588
- Gross operating margin +€133,204
up €133,204, from -€7,400 to €125,804
- Taxes +€27,300
new in 2025: €27,300
- Financial charges +€8,799
up €8,799 (+323.9%), from €2,716 to €11,516
- Depreciation +€3,900
up €3,900 (+4444.5%), from €88 to €3,988
- Other operating charges +€2,435
up €2,435 (+313.9%), from €776 to €3,211
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 | €286,957 | €289,918 | +€2,962 | +1.0% |
| Fixed assets | 21/28 | €155 | €31,307 | +€31,152 | +20068.2% |
| Tangible fixed assets | 22/27 | €155 | €31,307 | +€31,152 | +20068.2% |
| Plant, machinery and equipment | 23 | - | €10,600 | +€10,600 | |
| Furniture and vehicles | 24 | €155 | €20,707 | +€20,552 | +13239.7% |
| Current assets | 29/58 | €286,801 | €258,611 | -€28,190 | -9.8% |
| Stocks and contracts in progress | 3 | €266,371 | €157,490 | -€108,881 | -40.9% |
| Stocks | 30/36 | €266,371 | €157,490 | -€108,881 | -40.9% |
| Amounts receivable within one year | 40/41 | €3,754 | €1,689 | -€2,065 | -55.0% |
| Trade receivables | 40 | €3,130 | €780 | -€2,350 | -75.1% |
| Other amounts receivable | 41 | €624 | €908 | +€285 | +45.7% |
| Cash at bank and in hand | 54/58 | €16,677 | €99,084 | +€82,407 | +494.1% |
| Deferred charges and accrued income | 490/1 | - | €349 | +€349 | |
| Total equity and liabilities | 10/49 | €286,957 | €289,918 | +€2,962 | +1.0% |
| Equity | 10/15 | -€5,980 | €73,810 | +€79,790 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,980 | €68,810 | +€79,790 | |
| Amounts payable | 17/49 | €292,937 | €216,108 | -€76,828 | -26.2% |
| Amounts payable after more than one year | 17 | €198,000 | €76,847 | -€121,153 | -61.2% |
| Financial debts | 170/4 | €198,000 | €76,847 | -€121,153 | -61.2% |
| Amounts payable within one year | 42/48 | €94,937 | €139,261 | +€44,324 | +46.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,588 | +€7,588 | |
| Trade debts | 44 | €8,278 | €5,491 | -€2,786 | -33.7% |
| Suppliers | 440/4 | €8,278 | €5,491 | -€2,786 | -33.7% |
| Taxes, remuneration and social security | 45 | €215 | €27,515 | +€27,300 | +12682.8% |
| Taxes | 450/3 | €215 | €27,515 | +€27,300 | +12682.8% |
| Other amounts payable | 47/48 | €86,444 | €98,667 | +€12,223 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88 | €3,988 | +€3,900 | +4444.5% |
| Other operating charges | 640/8 | €776 | €3,211 | +€2,435 | +313.9% |
| Gross operating margin | 9900 | -€7,400 | €125,804 | +€133,204 | |
| Operating profit (loss) | 9901 | -€8,264 | €118,605 | +€126,869 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,716 | €11,516 | +€8,799 | +323.9% |
| Recurring financial charges | 65 | €2,716 | €11,516 | +€8,799 | +323.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,980 | €107,090 | +€118,070 | |
| Income taxes | 67/77 | - | €27,300 | +€27,300 | |
| Profit (loss) for the period | 9904 | -€10,980 | €79,790 | +€90,770 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,980 | €79,790 | +€90,770 |
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 7 October 2026 via checked.be.