ADL Transport: 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 Transport
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+810%), from €126,465 to €1.2m
of which Leasing and similar rights: +€840,018
- Cash +€151,312
up €151,312 (+35.4%), from €427,559 to €578,871
mainly Debts after one year (+€852,754) and Net result for the year (+€230,910)
- Receivables within one year -€135,799
down €135,799 (-17.4%), from €780,471 to €644,672
of which Other amounts receivable: -€168,092
- Debts after one year +€852,754
new in 2025: €852,754
- Current portion of long-term debt +€163,321
up €163,321 (+468%), from €34,876 to €198,197
- Tax, wage and social debts +€50,596
up €50,596 (+22.7%), from €223,206 to €273,802
of which Remuneration and social security: +€89,316
- Trade debts -€44,563
down €44,563 (-13.8%), from €322,806 to €278,243
- Reserves +€34,562
up €34,562 (+4.9%), from €705,900 to €740,463
- Gross operating margin +€654,445
up €654,445 (+33.0%), from €2.0m to €2.6m
- Staff costs +€427,945
up €427,945 (+31.3%), from €1.4m to €1.8m
- Depreciation +€93,547
up €93,547 (+80.7%), from €115,849 to €209,396
- Other operating charges +€45,838
up €45,838 (+16.9%), from €271,095 to €316,933
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 | €1,342,695 | €2,389,109 | +€1.0m | +77.9% |
| Fixed assets | 21/28 | €133,345 | €1,157,647 | +€1.0m | +768% |
| Tangible fixed assets | 22/27 | €126,465 | €1,150,767 | +€1.0m | +810% |
| Land and buildings | 22 | - | €169,410 | +€169,410 | |
| Plant, machinery and equipment | 23 | €11,281 | €32,664 | +€21,384 | +190% |
| Furniture and vehicles | 24 | €81,539 | €75,030 | -€6,510 | -8.0% |
| Leasing and similar rights | 25 | €33,645 | €873,663 | +€840,018 | +2,497% |
| Financial fixed assets | 28 | €6,880 | €6,880 | = | 0.0% |
| Current assets | 29/58 | €1,209,350 | €1,231,463 | +€22,113 | +1.8% |
| Amounts receivable within one year | 40/41 | €780,471 | €644,672 | -€135,799 | -17.4% |
| Trade receivables | 40 | €542,224 | €574,517 | +€32,293 | +6.0% |
| Other amounts receivable | 41 | €238,247 | €70,155 | -€168,092 | -70.6% |
| Cash at bank and in hand | 54/58 | €427,559 | €578,871 | +€151,312 | +35.4% |
| Deferred charges and accrued income | 490/1 | €1,320 | €7,920 | +€6,600 | +500% |
| Total equity and liabilities | 10/49 | €1,342,695 | €2,389,109 | +€1.0m | +77.9% |
| Equity | 10/15 | €724,500 | €759,063 | +€34,562 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €705,900 | €740,463 | +€34,562 | +4.9% |
| Distributable reserves | 133 | €705,900 | €740,463 | +€34,562 | +4.9% |
| Amounts payable | 17/49 | €618,194 | €1,630,046 | +€1.0m | +164% |
| Amounts payable after more than one year | 17 | - | €852,754 | +€852,754 | |
| Financial debts | 170/4 | - | €852,754 | +€852,754 | |
| Amounts payable within one year | 42/48 | €618,194 | €777,293 | +€159,098 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €34,876 | €198,197 | +€163,321 | +468% |
| Financial debts | 43 | €37,220 | €26,964 | -€10,255 | -27.6% |
| Other loans | 439 | €37,220 | €26,964 | -€10,255 | -27.6% |
| Trade debts | 44 | €322,806 | €278,243 | -€44,563 | -13.8% |
| Suppliers | 440/4 | €322,806 | €278,243 | -€44,563 | -13.8% |
| Taxes, remuneration and social security | 45 | €223,206 | €273,802 | +€50,596 | +22.7% |
| Taxes | 450/3 | €72,382 | €33,662 | -€38,720 | -53.5% |
| Remuneration and social security | 454/9 | €150,825 | €240,140 | +€89,316 | +59.2% |
| Other amounts payable | 47/48 | €86 | €86 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,366,330 | €1,794,275 | +€427,945 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,849 | €209,396 | +€93,547 | +80.7% |
| Other operating charges | 640/8 | €271,095 | €316,933 | +€45,838 | +16.9% |
| Gross operating margin | 9900 | €1,984,532 | €2,638,977 | +€654,445 | +33.0% |
| Operating profit (loss) | 9901 | €231,258 | €318,373 | +€87,115 | +37.7% |
| Financial income | 75/76B | €494 | - | -€494 | |
| Recurring financial income | 75 | €494 | - | -€494 | |
| Financial charges | 65/66B | €30,946 | €46,837 | +€15,891 | +51.4% |
| Recurring financial charges | 65 | €30,946 | €46,837 | +€15,891 | +51.4% |
| Profit (loss) for the period before taxes | 9903 | €200,805 | €271,535 | +€70,730 | +35.2% |
| Income taxes | 67/77 | €46,500 | €40,626 | -€5,874 | -12.6% |
| Profit (loss) for the period | 9904 | €154,305 | €230,910 | +€76,604 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €154,305 | €230,910 | +€76,604 | +49.6% |
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 1 November 2026 via checked.be.