ADL plus: 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 plus
Largest movements
- Tangible fixed assets +€21,590
up €21,590 (+160.3%), from €13,469 to €35,058
of which Furniture and vehicles: +€15,552
- Cash -€20,530
down €20,530 (-87.3%), from €23,519 to €2,989
mainly Investment in fixed assets (net) (-€26,700) and Trade debts (-€8,063)
- Receivables within one year +€6,014
up €6,014 (+39.9%), from €15,083 to €21,097
of which Trade receivables: +€3,398
- Financial fixed assets -€634
no longer reported in 2025 (was €634)
- Advances received +€13,864
new in 2025: €13,864
- Debts after one year +€11,401
new in 2025: €11,401
- Trade debts -€8,063
down €8,063 (-38.5%), from €20,951 to €12,888
- Other debts -€5,954
down €5,954 (-50.3%), from €11,828 to €5,874
- Profit (loss) carried forward -€5,643
down €5,643 (-254.1%), from -€2,220 to -€7,863
- Gross operating margin -€34,394
down €34,394 (-97.4%), from €35,315 to €921
- Depreciation +€4,378
up €4,378 (+320.4%), from €1,366 to €5,744
- Other operating charges -€642
down €642 (-55.2%), from €1,163 to €521
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 | €52,705 | €59,145 | +€6,440 | +12.2% |
| Fixed assets | 21/28 | €14,103 | €35,058 | +€20,956 | +148.6% |
| Tangible fixed assets | 22/27 | €13,469 | €35,058 | +€21,590 | +160.3% |
| Plant, machinery and equipment | 23 | €13,469 | €19,507 | +€6,038 | +44.8% |
| Furniture and vehicles | 24 | - | €15,552 | +€15,552 | |
| Financial fixed assets | 28 | €634 | - | -€634 | |
| Current assets | 29/58 | €38,602 | €24,086 | -€14,516 | -37.6% |
| Amounts receivable within one year | 40/41 | €15,083 | €21,097 | +€6,014 | +39.9% |
| Trade receivables | 40 | €15,083 | €18,481 | +€3,398 | +22.5% |
| Other amounts receivable | 41 | - | €2,616 | +€2,616 | |
| Cash at bank and in hand | 54/58 | €23,519 | €2,989 | -€20,530 | -87.3% |
| Total equity and liabilities | 10/49 | €52,705 | €59,145 | +€6,440 | +12.2% |
| Equity | 10/15 | €18,240 | €12,597 | -€5,643 | -30.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€2,220 | -€7,863 | -€5,643 | -254.1% |
| Amounts payable | 17/49 | €34,465 | €46,548 | +€12,082 | +35.1% |
| Amounts payable after more than one year | 17 | - | €11,401 | +€11,401 | |
| Financial debts | 170/4 | - | €11,401 | +€11,401 | |
| Amounts payable within one year | 42/48 | €34,465 | €35,147 | +€681 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | - | €2,520 | +€2,520 | |
| Trade debts | 44 | €20,951 | €12,888 | -€8,063 | -38.5% |
| Suppliers | 440/4 | €20,951 | €12,888 | -€8,063 | -38.5% |
| Advances received on contracts in progress | 46 | - | €13,864 | +€13,864 | |
| Taxes, remuneration and social security | 45 | €1,687 | - | -€1,687 | |
| Taxes | 450/3 | €1,687 | - | -€1,687 | |
| Other amounts payable | 47/48 | €11,828 | €5,874 | -€5,954 | -50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,366 | €5,744 | +€4,378 | +320.4% |
| Other operating charges | 640/8 | €1,163 | €521 | -€642 | -55.2% |
| Gross operating margin | 9900 | €35,315 | €921 | -€34,394 | -97.4% |
| Operating profit (loss) | 9901 | €32,786 | -€5,344 | -€38,130 | |
| Financial charges | 65/66B | €125 | €299 | +€174 | +139.7% |
| Recurring financial charges | 65 | €125 | €299 | +€174 | +139.7% |
| Profit (loss) for the period before taxes | 9903 | €32,661 | -€5,643 | -€38,304 | |
| Profit (loss) for the period | 9904 | €32,661 | -€5,643 | -€38,304 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,661 | -€5,643 | -€38,304 |
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 6 October 2026 via checked.be.