ADK IMMO: 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.
ADK IMMO
Largest movements
- Receivables within one year -€43,567
down €43,567 (-47.0%), from €92,765 to €49,198
of which Trade receivables: -€43,117
- Cash -€39,553
down €39,553 (-41.6%), from €95,078 to €55,525
mainly Current portion of long-term debt (-€45,633) and Net result for the year (-€27,178)
- Deferred charges and accrued income +€7,492
up €7,492 (+197%), from €3,802 to €11,294
- Tangible fixed assets -€4,888
no longer reported in 2025 (was €4,888)
of which Other tangible fixed assets: -€2,947
- Financial fixed assets -€4,000
down €4,000 (-81.6%), from €4,900 to €900
- Current portion of long-term debt -€45,633
no longer reported in 2025 (was €45,633)
- Profit (loss) carried forward -€27,178
down €27,178 (-114%), from -€23,757 to -€50,935
- Tax, wage and social debts -€8,913
down €8,913 (-25.5%), from €35,002 to €26,089
of which Remuneration and social security: -€5,793
- Debts after one year -€7,662
no longer reported in 2025 (was €7,662)
- Trade debts +€4,074
up €4,074 (+15.2%), from €26,842 to €30,916
- Depreciation -€45,011
down €45,011 (-93.9%), from €47,958 to €2,947
- Gross operating margin -€31,011
down €31,011 (-20.9%), from €148,148 to €117,138
- Staff costs +€29,520
up €29,520 (+28.7%), from €102,977 to €132,497
- Other operating charges +€15,406
up €15,406 (+2,110%), from €730 to €16,136
- Write-downs -€11,100
new in 2025: -€11,100
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 | €201,433 | €116,917 | -€84,516 | -42.0% |
| Fixed assets | 21/28 | €9,788 | €900 | -€8,888 | -90.8% |
| Tangible fixed assets | 22/27 | €4,888 | - | -€4,888 | |
| Furniture and vehicles | 24 | €1,941 | - | -€1,941 | |
| Other tangible fixed assets | 26 | €2,947 | - | -€2,947 | |
| Financial fixed assets | 28 | €4,900 | €900 | -€4,000 | -81.6% |
| Current assets | 29/58 | €191,645 | €116,017 | -€75,628 | -39.5% |
| Amounts receivable within one year | 40/41 | €92,765 | €49,198 | -€43,567 | -47.0% |
| Trade receivables | 40 | €86,265 | €43,148 | -€43,117 | -50.0% |
| Other amounts receivable | 41 | €6,500 | €6,050 | -€450 | -6.9% |
| Cash at bank and in hand | 54/58 | €95,078 | €55,525 | -€39,553 | -41.6% |
| Deferred charges and accrued income | 490/1 | €3,802 | €11,294 | +€7,492 | +197% |
| Total equity and liabilities | 10/49 | €201,433 | €116,917 | -€84,516 | -42.0% |
| Equity | 10/15 | €86,243 | €59,065 | -€27,178 | -31.5% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,757 | -€50,935 | -€27,178 | -114% |
| Amounts payable | 17/49 | €115,190 | €57,852 | -€57,337 | -49.8% |
| Amounts payable after more than one year | 17 | €7,662 | - | -€7,662 | |
| Financial debts | 170/4 | €7,662 | - | -€7,662 | |
| Amounts payable within one year | 42/48 | €107,477 | €57,005 | -€50,472 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | €45,633 | - | -€45,633 | |
| Trade debts | 44 | €26,842 | €30,916 | +€4,074 | +15.2% |
| Suppliers | 440/4 | €26,842 | €30,916 | +€4,074 | +15.2% |
| Taxes, remuneration and social security | 45 | €35,002 | €26,089 | -€8,913 | -25.5% |
| Taxes | 450/3 | €16,798 | €13,677 | -€3,121 | -18.6% |
| Remuneration and social security | 454/9 | €18,204 | €12,412 | -€5,793 | -31.8% |
| Accrued charges and deferred income | 492/3 | €51 | €848 | +€797 | +1,574% |
| Remuneration, social security and pensions | 62 | €102,977 | €132,497 | +€29,520 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,958 | €2,947 | -€45,011 | -93.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€11,100 | -€11,100 | |
| Other operating charges | 640/8 | €730 | €16,136 | +€15,406 | +2,110% |
| Gross operating margin | 9900 | €148,148 | €117,138 | -€31,011 | -20.9% |
| Operating profit (loss) | 9901 | -€3,517 | -€23,342 | -€19,825 | -564% |
| Financial income | 75/76B | €7,500 | €94 | -€7,406 | -98.7% |
| Recurring financial income | 75 | €7,500 | €94 | -€7,406 | -98.7% |
| Financial charges | 65/66B | €3,363 | €3,287 | -€75 | -2.2% |
| Recurring financial charges | 65 | €3,363 | €3,287 | -€75 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €621 | -€26,536 | -€27,156 | |
| Income taxes | 67/77 | €718 | €643 | -€75 | -10.5% |
| Profit (loss) for the period | 9904 | -€98 | -€27,178 | -€27,081 | -27,772% |
| Profit (loss) for the period to be appropriated | 9905 | -€98 | -€27,178 | -€27,081 | -27,772% |
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 15 October 2026 via checked.be.