ADL Holding: 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.
ADL Holding
Largest movements
- Receivables within one year -€16,816
down €16,816 (-100%), from €16,816 to €0
of which Trade receivables: -€16,575
- Debts after one year -€88,402
down €88,402 (-47.6%), from €185,820 to €97,418
- Other debts +€44,741
up €44,741 (+11.1%), from €403,447 to €448,188
- Reserves +€31,933
up €31,933 (+27.3%), from €116,762 to €148,694
of which Distributable reserves: +€31,933
- Gross operating margin -€19,886
down €19,886 (-26.0%), from €76,538 to €56,652
- Taxes -€5,187
down €5,187 (-30.9%), from €16,812 to €11,626
- Financial charges -€989
down €989 (-7.9%), from €12,449 to €11,460
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,017,126 | €1,000,311 | -€16,815 | -1.7% |
| Fixed assets | 21/28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €17,126 | €311 | -€16,815 | -98.2% |
| Amounts receivable within one year | 40/41 | €16,816 | €0 | -€16,816 | -100% |
| Trade receivables | 40 | €16,575 | €0 | -€16,575 | -100% |
| Other amounts receivable | 41 | €241 | €0 | -€241 | -100% |
| Deferred charges and accrued income | 490/1 | €310 | €311 | +€1 | +0.3% |
| Total equity and liabilities | 10/49 | €1,017,126 | €1,000,311 | -€16,815 | -1.7% |
| Equity | 10/15 | €316,762 | €348,694 | +€31,933 | +10.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €116,762 | €148,694 | +€31,933 | +27.3% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €96,762 | €128,694 | +€31,933 | +33.0% |
| Amounts payable | 17/49 | €700,365 | €651,617 | -€48,748 | -7.0% |
| Amounts payable after more than one year | 17 | €185,820 | €97,418 | -€88,402 | -47.6% |
| Financial debts | 170/4 | €185,820 | €97,418 | -€88,402 | -47.6% |
| Amounts payable within one year | 42/48 | €514,544 | €554,199 | +€39,654 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €86,965 | €88,402 | +€1,437 | +1.7% |
| Financial debts | 43 | €7,048 | €3,559 | -€3,488 | -49.5% |
| Credit institutions | 430/8 | €7,048 | €3,559 | -€3,488 | -49.5% |
| Trade debts | 44 | - | €811 | +€811 | |
| Suppliers | 440/4 | - | €811 | +€811 | |
| Taxes, remuneration and social security | 45 | €17,085 | €13,238 | -€3,846 | -22.5% |
| Taxes | 450/3 | €17,085 | €13,238 | -€3,846 | -22.5% |
| Other amounts payable | 47/48 | €403,447 | €448,188 | +€44,741 | +11.1% |
| Other operating charges | 640/8 | €1,092 | €1,634 | +€542 | +49.6% |
| Gross operating margin | 9900 | €76,538 | €56,652 | -€19,886 | -26.0% |
| Operating profit (loss) | 9901 | €75,446 | €55,018 | -€20,428 | -27.1% |
| Financial charges | 65/66B | €12,449 | €11,460 | -€989 | -7.9% |
| Recurring financial charges | 65 | €12,449 | €11,460 | -€989 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €62,997 | €43,558 | -€19,439 | -30.9% |
| Income taxes | 67/77 | €16,812 | €11,626 | -€5,187 | -30.9% |
| Profit (loss) for the period | 9904 | €46,185 | €31,933 | -€14,252 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,185 | €31,933 | -€14,252 | -30.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.