ADLS FORAGE: 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 FORAGE
Largest movements
- Receivables within one year +€48,644
up €48,644 (+106%), from €45,964 to €94,608
of which Trade receivables: +€40,749
- Cash -€13,832
down €13,832 (-32.2%), from €42,962 to €29,130
mainly Receivables within one year (-€48,644) and Other debts (-€22,400)
- Tangible fixed assets -€3,452
down €3,452 (-11.1%), from €31,110 to €27,659
of which Furniture and vehicles: -€2,549
- Profit (loss) carried forward +€59,272
up €59,272 (+126%), from €46,887 to €106,159
- Other debts -€22,400
no longer reported in 2025 (was €22,400)
- Tax, wage and social debts -€12,458
down €12,458 (-36.7%), from €33,945 to €21,488
of which Taxes: -€13,978
- Current portion of long-term debt +€11,249
up €11,249 (+390%), from €2,888 to €14,137
- Debts after one year -€3,039
down €3,039 (-69.8%), from €4,352 to €1,313
- Gross operating margin +€80,997
up €80,997 (+121%), from €67,176 to €148,173
- Staff costs +€43,375
up €43,375 (+422%), from €10,284 to €53,658
- Taxes +€5,713
up €5,713 (+51.5%), from €11,098 to €16,811
- Financial income -€4,498
down €4,498 (-100.0%), from €4,500 to €2
of which Non-recurring financial income: -€4,500
- Financial charges +€3,049
up €3,049 (+182%), from €1,671 to €4,720
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 | €121,977 | €152,769 | +€30,793 | +25.2% |
| Fixed assets | 21/28 | €31,110 | €27,659 | -€3,452 | -11.1% |
| Tangible fixed assets | 22/27 | €31,110 | €27,659 | -€3,452 | -11.1% |
| Plant, machinery and equipment | 23 | €26,827 | €25,923 | -€903 | -3.4% |
| Furniture and vehicles | 24 | €4,284 | €1,735 | -€2,549 | -59.5% |
| Current assets | 29/58 | €90,866 | €125,111 | +€34,244 | +37.7% |
| Amounts receivable within one year | 40/41 | €45,964 | €94,608 | +€48,644 | +106% |
| Trade receivables | 40 | €39,988 | €80,737 | +€40,749 | +102% |
| Other amounts receivable | 41 | €5,976 | €13,871 | +€7,895 | +132% |
| Cash at bank and in hand | 54/58 | €42,962 | €29,130 | -€13,832 | -32.2% |
| Deferred charges and accrued income | 490/1 | €1,941 | €1,373 | -€568 | -29.3% |
| Total equity and liabilities | 10/49 | €121,977 | €152,769 | +€30,793 | +25.2% |
| Equity | 10/15 | €48,387 | €107,659 | +€59,272 | +122% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,887 | €106,159 | +€59,272 | +126% |
| Amounts payable | 17/49 | €73,589 | €45,110 | -€28,479 | -38.7% |
| Amounts payable after more than one year | 17 | €4,352 | €1,313 | -€3,039 | -69.8% |
| Financial debts | 170/4 | €4,352 | €1,313 | -€3,039 | -69.8% |
| Amounts payable within one year | 42/48 | €68,278 | €43,797 | -€24,481 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €2,888 | €14,137 | +€11,249 | +390% |
| Trade debts | 44 | €9,045 | €8,172 | -€873 | -9.7% |
| Suppliers | 440/4 | €9,045 | €8,172 | -€873 | -9.7% |
| Taxes, remuneration and social security | 45 | €33,945 | €21,488 | -€12,458 | -36.7% |
| Taxes | 450/3 | €31,445 | €17,467 | -€13,978 | -44.5% |
| Remuneration and social security | 454/9 | €2,500 | €4,020 | +€1,520 | +60.8% |
| Other amounts payable | 47/48 | €22,400 | - | -€22,400 | |
| Accrued charges and deferred income | 492/3 | €959 | - | -€959 | |
| Remuneration, social security and pensions | 62 | €10,284 | €53,658 | +€43,375 | +422% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,223 | €10,576 | +€1,353 | +14.7% |
| Other operating charges | 640/8 | €435 | €3,136 | +€2,701 | +621% |
| Gross operating margin | 9900 | €67,176 | €148,173 | +€80,997 | +121% |
| Operating profit (loss) | 9901 | €47,234 | €80,802 | +€33,568 | +71.1% |
| Financial income | 75/76B | €4,500 | €2 | -€4,498 | -100.0% |
| Recurring financial income | 75 | €4,500 | €2 | -€4,498 | -100.0% |
| Non-recurring financial income | 76B | €4,500 | - | -€4,500 | |
| Financial charges | 65/66B | €1,671 | €4,720 | +€3,049 | +182% |
| Recurring financial charges | 65 | €1,671 | €4,720 | +€3,049 | +182% |
| Profit (loss) for the period before taxes | 9903 | €50,063 | €76,083 | +€26,021 | +52.0% |
| Income taxes | 67/77 | €11,098 | €16,811 | +€5,713 | +51.5% |
| Profit (loss) for the period | 9904 | €38,964 | €59,272 | +€20,308 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,964 | €59,272 | +€20,308 | +52.1% |
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 21 October 2026 via checked.be.