ADLS: 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.
ADLS
Largest movements
- Receivables within one year -€61,191
down €61,191 (-37.5%), from €163,027 to €101,836
of which Trade receivables: -€65,712
- Cash +€23,385
up €23,385 (+118.9%), from €19,661 to €43,045
mainly Receivables within one year (+€61,191) and Depreciation (+€6,842)
- Deferred charges and accrued income +€2,915
up €2,915 (+39.8%), from €7,320 to €10,235
- Trade debts -€37,242
down €37,242 (-23.6%), from €157,987 to €120,746
- Other debts +€4,549
up €4,549 (+11.8%), from €38,611 to €43,160
- Short-term financial debts +€4,369
up €4,369 (+1112.2%), from €393 to €4,761
- Current portion of long-term debt -€3,442
down €3,442 (-57.1%), from €6,028 to €2,587
- Staff costs +€4,725
up €4,725 (+8.7%), from €54,533 to €59,258
- Gross operating margin -€1,130
down €1,130 (-1.5%), from €72,971 to €71,840
- Depreciation +€1,072
up €1,072 (+18.6%), from €5,770 to €6,842
- Taxes +€771
up €771 (+61.9%), from €1,244 to €2,015
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 | €268,107 | €234,198 | -€33,910 | -12.6% |
| Fixed assets | 21/28 | €17,949 | €17,942 | -€7 | 0.0% |
| Tangible fixed assets | 22/27 | €17,949 | €17,942 | -€7 | 0.0% |
| Plant, machinery and equipment | 23 | €5,899 | €4,017 | -€1,882 | -31.9% |
| Furniture and vehicles | 24 | €0 | €5,955 | +€5,955 | |
| Leasing and similar rights | 25 | €12,050 | €7,970 | -€4,080 | -33.9% |
| Current assets | 29/58 | €250,158 | €216,256 | -€33,903 | -13.6% |
| Stocks and contracts in progress | 3 | €60,150 | €61,139 | +€989 | +1.6% |
| Stocks | 30/36 | €60,150 | €61,139 | +€989 | +1.6% |
| Amounts receivable within one year | 40/41 | €163,027 | €101,836 | -€61,191 | -37.5% |
| Trade receivables | 40 | €153,441 | €87,730 | -€65,712 | -42.8% |
| Other amounts receivable | 41 | €9,586 | €14,107 | +€4,521 | +47.2% |
| Cash at bank and in hand | 54/58 | €19,661 | €43,045 | +€23,385 | +118.9% |
| Deferred charges and accrued income | 490/1 | €7,320 | €10,235 | +€2,915 | +39.8% |
| Total equity and liabilities | 10/49 | €268,107 | €234,198 | -€33,910 | -12.6% |
| Equity | 10/15 | €46,826 | €47,837 | +€1,011 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,366 | €27,377 | +€1,011 | +3.8% |
| Amounts payable | 17/49 | €221,281 | €186,361 | -€34,921 | -15.8% |
| Amounts payable after more than one year | 17 | €2,587 | €0 | -€2,587 | -100.0% |
| Financial debts | 170/4 | €2,587 | €0 | -€2,587 | -100.0% |
| Amounts payable within one year | 42/48 | €218,695 | €185,070 | -€33,624 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €6,028 | €2,587 | -€3,442 | -57.1% |
| Financial debts | 43 | €393 | €4,761 | +€4,369 | +1112.2% |
| Credit institutions | 430/8 | €393 | €4,761 | +€4,369 | +1112.2% |
| Trade debts | 44 | €157,987 | €120,746 | -€37,242 | -23.6% |
| Suppliers | 440/4 | €157,987 | €120,746 | -€37,242 | -23.6% |
| Taxes, remuneration and social security | 45 | €15,675 | €13,817 | -€1,858 | -11.9% |
| Taxes | 450/3 | €6,253 | €7,659 | +€1,405 | +22.5% |
| Remuneration and social security | 454/9 | €9,422 | €6,158 | -€3,264 | -34.6% |
| Other amounts payable | 47/48 | €38,611 | €43,160 | +€4,549 | +11.8% |
| Accrued charges and deferred income | 492/3 | - | €1,290 | +€1,290 | |
| Remuneration, social security and pensions | 62 | €54,533 | €59,258 | +€4,725 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,770 | €6,842 | +€1,072 | +18.6% |
| Other operating charges | 640/8 | €2,107 | €2,203 | +€96 | +4.6% |
| Gross operating margin | 9900 | €72,971 | €71,840 | -€1,130 | -1.5% |
| Operating profit (loss) | 9901 | €10,560 | €3,537 | -€7,023 | -66.5% |
| Financial income | 75/76B | €42 | €79 | +€36 | +86.7% |
| Recurring financial income | 75 | €42 | €79 | +€36 | +86.7% |
| Financial charges | 65/66B | €824 | €590 | -€234 | -28.4% |
| Recurring financial charges | 65 | €824 | €590 | -€234 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €9,778 | €3,026 | -€6,753 | -69.1% |
| Income taxes | 67/77 | €1,244 | €2,015 | +€771 | +61.9% |
| Profit (loss) for the period | 9904 | €8,535 | €1,011 | -€7,523 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,535 | €1,011 | -€7,523 | -88.2% |
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 10 October 2026 via checked.be.