ADK RENOV: 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 RENOV
Largest movements
- Stocks and contracts -€376,199
down €376,199 (-24.1%), from €1.6m to €1.2m
- Profit (loss) carried forward -€298,521
down €298,521, from €46,273 to -€252,248
- Other debts -€61,910
down €61,910 (-6.3%), from €989,684 to €927,774
- Trade debts -€19,570
down €19,570 (-45.7%), from €42,863 to €23,293
- Gross operating margin -€267,472
down €267,472 (-919%), from -€29,104 to -€296,576
- Financial charges -€6,314
down €6,314 (-97.6%), from €6,471 to €157
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 | €1,590,115 | €1,205,278 | -€384,837 | -24.2% |
| Fixed assets | 21/28 | €3,228 | €1,070 | -€2,158 | -66.9% |
| Tangible fixed assets | 22/27 | €3,228 | €1,070 | -€2,158 | -66.9% |
| Plant, machinery and equipment | 23 | €2,832 | €840 | -€1,992 | -70.3% |
| Furniture and vehicles | 24 | €396 | €230 | -€166 | -41.9% |
| Current assets | 29/58 | €1,586,887 | €1,204,208 | -€382,679 | -24.1% |
| Stocks and contracts in progress | 3 | €1,562,732 | €1,186,533 | -€376,199 | -24.1% |
| Stocks | 30/36 | €1,562,732 | €1,186,533 | -€376,199 | -24.1% |
| Amounts receivable within one year | 40/41 | €13,483 | €13,483 | = | 0.0% |
| Other amounts receivable | 41 | €13,483 | €13,483 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,180 | €4,192 | -€5,988 | -58.8% |
| Deferred charges and accrued income | 490/1 | €492 | - | -€492 | |
| Total equity and liabilities | 10/49 | €1,590,115 | €1,205,278 | -€384,837 | -24.2% |
| Equity | 10/15 | €552,248 | €253,727 | -€298,521 | -54.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €5,975 | €5,975 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,975 | €5,975 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,975 | €5,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,273 | -€252,248 | -€298,521 | |
| Amounts payable | 17/49 | €1,037,867 | €951,551 | -€86,316 | -8.3% |
| Amounts payable after more than one year | 17 | €485 | - | -€485 | |
| Financial debts | 170/4 | €485 | - | -€485 | |
| Amounts payable within one year | 42/48 | €1,037,382 | €951,551 | -€85,831 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €4,835 | €484 | -€4,351 | -90.0% |
| Trade debts | 44 | €42,863 | €23,293 | -€19,570 | -45.7% |
| Suppliers | 440/4 | €42,863 | €23,293 | -€19,570 | -45.7% |
| Other amounts payable | 47/48 | €989,684 | €927,774 | -€61,910 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,621 | €2,158 | -€1,463 | -40.4% |
| Other operating charges | 640/8 | €1,653 | €2,359 | +€706 | +42.7% |
| Gross operating margin | 9900 | -€29,104 | -€296,576 | -€267,472 | -919% |
| Operating profit (loss) | 9901 | -€34,378 | -€301,093 | -€266,715 | -776% |
| Financial income | 75/76B | €1,443 | €2,729 | +€1,286 | +89.1% |
| Recurring financial income | 75 | €1,443 | €2,729 | +€1,286 | +89.1% |
| Non-recurring financial income | 76B | - | €2,729 | +€2,729 | |
| Financial charges | 65/66B | €6,471 | €157 | -€6,314 | -97.6% |
| Recurring financial charges | 65 | €6,471 | €157 | -€6,314 | -97.6% |
| Profit (loss) for the period before taxes | 9903 | -€39,406 | -€298,521 | -€259,115 | -658% |
| Profit (loss) for the period | 9904 | -€39,406 | -€298,521 | -€259,115 | -658% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,406 | -€298,521 | -€259,115 | -658% |
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 28 October 2026 via checked.be.