ADL IMMO: 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.
ADL IMMO
Largest movements
- Cash -€180,434
down €180,434 (-93.3%), from €193,415 to €12,981
mainly Investment in fixed assets (net) (-€193,337) and Net result for the year (-€141,543)
- Tangible fixed assets +€144,685
up €144,685 (+2.4%), from €5.9m to €6.1m
of which Land and buildings: +€145,137
- Profit (loss) carried forward -€141,543
down €141,543 (-9.8%), from -€1.4m to -€1.6m
- Debts after one year +€97,760
up €97,760 (+1.6%), from €6.0m to €6.1m
of which Other amounts payable: +€179,420
- Depreciation +€8,085
up €8,085 (+19.9%), from €40,566 to €48,651
- Gross operating margin -€5,531
down €5,531 (-13.2%), from -€41,958 to -€47,488
- Financial charges -€1,328
down €1,328 (-4.3%), from €30,988 to €29,660
- Taxes +€640
no longer reported in 2025 (was -€640)
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 | €6,126,933 | €6,090,222 | -€36,711 | -0.6% |
| Fixed assets | 21/28 | €5,921,902 | €6,066,588 | +€144,685 | +2.4% |
| Tangible fixed assets | 22/27 | €5,916,352 | €6,061,038 | +€144,685 | +2.4% |
| Land and buildings | 22 | €5,815,954 | €5,961,091 | +€145,137 | +2.5% |
| Plant, machinery and equipment | 23 | €19,377 | €18,925 | -€452 | -2.3% |
| Assets under construction and advance payments | 27 | €81,021 | €81,021 | = | 0.0% |
| Financial fixed assets | 28 | €5,550 | €5,550 | = | 0.0% |
| Current assets | 29/58 | €205,031 | €23,634 | -€181,396 | -88.5% |
| Amounts receivable within one year | 40/41 | €9,079 | €8,939 | -€140 | -1.5% |
| Trade receivables | 40 | €9,035 | €8,895 | -€140 | -1.5% |
| Other amounts receivable | 41 | €44 | €44 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €193,415 | €12,981 | -€180,434 | -93.3% |
| Deferred charges and accrued income | 490/1 | €2,537 | €1,714 | -€823 | -32.4% |
| Total equity and liabilities | 10/49 | €6,126,933 | €6,090,222 | -€36,711 | -0.6% |
| Equity | 10/15 | -€48,381 | -€189,924 | -€141,543 | -292.6% |
| Contributions | 10/11 | €315,000 | €315,000 | = | 0.0% |
| Capital | 10 | €315,000 | €315,000 | = | 0.0% |
| Issued capital | 100 | €315,000 | €315,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,075,349 | €1,075,349 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,438,730 | -€1,580,273 | -€141,543 | -9.8% |
| Amounts payable | 17/49 | €6,175,314 | €6,280,146 | +€104,832 | +1.7% |
| Amounts payable after more than one year | 17 | €6,022,296 | €6,120,056 | +€97,760 | +1.6% |
| Financial debts | 170/4 | €1,302,395 | €1,220,735 | -€81,660 | -6.3% |
| Other amounts payable | 178/9 | €4,719,901 | €4,899,321 | +€179,420 | +3.8% |
| Amounts payable within one year | 42/48 | €134,897 | €143,038 | +€8,141 | +6.0% |
| Financial debts | 43 | €70,816 | €72,263 | +€1,447 | +2.0% |
| Credit institutions | 430/8 | €70,816 | €72,263 | +€1,447 | +2.0% |
| Trade debts | 44 | €54,898 | €61,378 | +€6,480 | +11.8% |
| Suppliers | 440/4 | €54,898 | €61,378 | +€6,480 | +11.8% |
| Other amounts payable | 47/48 | €9,183 | €9,397 | +€214 | +2.3% |
| Accrued charges and deferred income | 492/3 | €18,121 | €17,052 | -€1,069 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,566 | €48,651 | +€8,085 | +19.9% |
| Other operating charges | 640/8 | €7,640 | €7,995 | +€355 | +4.6% |
| Non-recurring operating charges | 66A | €0 | €7,750 | +€7,750 | |
| Gross operating margin | 9900 | -€41,958 | -€47,488 | -€5,531 | -13.2% |
| Operating profit (loss) | 9901 | -€90,164 | -€111,885 | -€21,721 | -24.1% |
| Financial income | 75/76B | €3 | €2 | -€1 | -26.1% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -26.1% |
| Financial charges | 65/66B | €30,988 | €29,660 | -€1,328 | -4.3% |
| Recurring financial charges | 65 | €30,988 | €29,660 | -€1,328 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€121,149 | -€141,543 | -€20,394 | -16.8% |
| Income taxes | 67/77 | -€640 | - | +€640 | |
| Profit (loss) for the period | 9904 | -€120,509 | -€141,543 | -€21,034 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€120,509 | -€141,543 | -€21,034 | -17.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.