ADL SECURITY: 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 SECURITY
Largest movements
- Cash +€69,458
up €69,458 (+42.7%), from €162,848 to €232,306
mainly Net result for the year (+€103,291) and Trade debts (+€46,156)
- Intangible fixed assets +€37,027
up €37,027 (+109.2%), from €33,904 to €70,932
- Receivables within one year +€18,494
up €18,494 (+10.4%), from €177,507 to €196,001
of which Other amounts receivable: +€21,356
- Tangible fixed assets +€12,713
up €12,713 (+51.0%), from €24,917 to €37,631
of which Furniture and vehicles: +€14,380
- Deferred charges and accrued income +€12,571
up €12,571 (+386.9%), from €3,249 to €15,819
- Profit (loss) carried forward +€103,291
up €103,291 (+31.7%), from €325,580 to €428,871
- Trade debts +€46,156
up €46,156 (+50.4%), from €91,528 to €137,684
- Tax, wage and social debts +€7,498
up €7,498 (+22.1%), from €33,957 to €41,455
- Staff costs +€52,167
up €52,167 (+11.2%), from €464,480 to €516,647
- Taxes -€12,567
down €12,567 (-23.1%), from €54,449 to €41,882
- Gross operating margin +€11,510
up €11,510 (+1.7%), from €692,386 to €703,897
- Financial charges +€9,792
up €9,792 (+267.0%), from €3,667 to €13,459
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 | €500,071 | €652,300 | +€152,229 | +30.4% |
| Fixed assets | 21/28 | €59,199 | €108,939 | +€49,741 | +84.0% |
| Intangible fixed assets | 21 | €33,904 | €70,932 | +€37,027 | +109.2% |
| Tangible fixed assets | 22/27 | €24,917 | €37,631 | +€12,713 | +51.0% |
| Plant, machinery and equipment | 23 | €2,073 | €407 | -€1,667 | -80.4% |
| Furniture and vehicles | 24 | €22,844 | €37,224 | +€14,380 | +62.9% |
| Financial fixed assets | 28 | €377 | €377 | = | 0.0% |
| Current assets | 29/58 | €440,873 | €543,361 | +€102,488 | +23.2% |
| Stocks and contracts in progress | 3 | €97,269 | €99,235 | +€1,966 | +2.0% |
| Stocks | 30/36 | €97,269 | €99,235 | +€1,966 | +2.0% |
| Amounts receivable within one year | 40/41 | €177,507 | €196,001 | +€18,494 | +10.4% |
| Trade receivables | 40 | €124,098 | €121,235 | -€2,863 | -2.3% |
| Other amounts receivable | 41 | €53,409 | €74,765 | +€21,356 | +40.0% |
| Cash at bank and in hand | 54/58 | €162,848 | €232,306 | +€69,458 | +42.7% |
| Deferred charges and accrued income | 490/1 | €3,249 | €15,819 | +€12,571 | +386.9% |
| Total equity and liabilities | 10/49 | €500,071 | €652,300 | +€152,229 | +30.4% |
| Equity | 10/15 | €359,666 | €462,956 | +€103,291 | +28.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €325,580 | €428,871 | +€103,291 | +31.7% |
| Amounts payable | 17/49 | €140,405 | €189,343 | +€48,938 | +34.9% |
| Amounts payable after more than one year | 17 | €9,663 | €4,727 | -€4,936 | -51.1% |
| Financial debts | 170/4 | €9,663 | €4,727 | -€4,936 | -51.1% |
| Amounts payable within one year | 42/48 | €130,742 | €184,616 | +€53,874 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | €4,716 | €4,936 | +€220 | +4.7% |
| Trade debts | 44 | €91,528 | €137,684 | +€46,156 | +50.4% |
| Suppliers | 440/4 | €91,528 | €137,684 | +€46,156 | +50.4% |
| Taxes, remuneration and social security | 45 | €33,957 | €41,455 | +€7,498 | +22.1% |
| Remuneration and social security | 454/9 | €33,957 | €41,455 | +€7,498 | +22.1% |
| Other amounts payable | 47/48 | €541 | €541 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €464,480 | €516,647 | +€52,167 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,485 | €26,512 | -€2,973 | -10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,804 | - | -€1,804 | |
| Other operating charges | 640/8 | €3,224 | €4,137 | +€914 | +28.3% |
| Gross operating margin | 9900 | €692,386 | €703,897 | +€11,510 | +1.7% |
| Operating profit (loss) | 9901 | €193,394 | €156,601 | -€36,793 | -19.0% |
| Financial income | 75/76B | €3,539 | €2,031 | -€1,508 | -42.6% |
| Recurring financial income | 75 | €3,539 | €2,031 | -€1,508 | -42.6% |
| Financial charges | 65/66B | €3,667 | €13,459 | +€9,792 | +267.0% |
| Recurring financial charges | 65 | €3,667 | €13,459 | +€9,792 | +267.0% |
| Profit (loss) for the period before taxes | 9903 | €193,266 | €145,173 | -€48,093 | -24.9% |
| Income taxes | 67/77 | €54,449 | €41,882 | -€12,567 | -23.1% |
| Profit (loss) for the period | 9904 | €138,817 | €103,291 | -€35,526 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €138,817 | €103,291 | -€35,526 | -25.6% |
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 1 October 2026 via checked.be.