ADN ENTREPRISES: 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.
ADN ENTREPRISES
Largest movements
- Tangible fixed assets +€281,011
up €281,011 (+2,741%), from €10,253 to €291,264
of which Land and buildings: +€240,909
- Receivables within one year -€8,132
down €8,132 (-68.3%), from €11,907 to €3,775
of which Other amounts receivable: -€7,861
- Cash -€7,173
down €7,173 (-47.7%), from €15,045 to €7,872
mainly Investment in fixed assets (net) (-€300,006) and Net result for the year (-€86,246)
- Debts after one year +€240,671
new in 2025: €240,671
- Profit (loss) carried forward -€86,296
down €86,296, from €8,670 to -€77,626
- Other debts +€56,297
new in 2025: €56,297
- Tax, wage and social debts +€22,993
up €22,993 (+370%), from €6,212 to €29,205
of which Remuneration and social security: +€19,405
- Current portion of long-term debt +€19,629
new in 2025: €19,629
- Gross operating margin -€94,691
down €94,691, from €89,686 to -€5,005
- Depreciation +€12,629
up €12,629 (+151%), from €8,366 to €20,995
- Taxes -€7,256
no longer reported in 2025 (was €7,256)
- Financial charges +€6,560
new in 2025: €6,560
- Staff costs +€3,410
up €3,410 (+6.9%), from €49,227 to €52,637
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 | €52,347 | €316,703 | +€264,356 | +505% |
| Fixed assets | 21/28 | €16,075 | €295,086 | +€279,011 | +1,736% |
| Intangible fixed assets | 21 | €5,822 | €3,322 | -€2,500 | -42.9% |
| Tangible fixed assets | 22/27 | €10,253 | €291,264 | +€281,011 | +2,741% |
| Land and buildings | 22 | - | €240,909 | +€240,909 | |
| Plant, machinery and equipment | 23 | €5,837 | €2,754 | -€3,083 | -52.8% |
| Furniture and vehicles | 24 | €4,416 | €47,601 | +€43,185 | +978% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €36,272 | €21,617 | -€14,655 | -40.4% |
| Stocks and contracts in progress | 3 | €9,320 | €9,970 | +€650 | +7.0% |
| Stocks | 30/36 | €9,320 | €9,970 | +€650 | +7.0% |
| Amounts receivable within one year | 40/41 | €11,907 | €3,775 | -€8,132 | -68.3% |
| Trade receivables | 40 | €271 | - | -€271 | |
| Other amounts receivable | 41 | €11,636 | €3,775 | -€7,861 | -67.6% |
| Cash at bank and in hand | 54/58 | €15,045 | €7,872 | -€7,173 | -47.7% |
| Total equity and liabilities | 10/49 | €52,347 | €316,703 | +€264,356 | +505% |
| Equity | 10/15 | €26,670 | -€59,626 | -€86,296 | |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,670 | -€77,626 | -€86,296 | |
| Amounts payable | 17/49 | €25,677 | €376,329 | +€350,652 | +1,366% |
| Amounts payable after more than one year | 17 | - | €240,671 | +€240,671 | |
| Financial debts | 170/4 | - | €240,671 | +€240,671 | |
| Amounts payable within one year | 42/48 | €25,677 | €135,658 | +€109,981 | +428% |
| Current portion of amounts payable after more than one year | 42 | - | €19,629 | +€19,629 | |
| Trade debts | 44 | €19,465 | €25,787 | +€6,322 | +32.5% |
| Suppliers | 440/4 | €19,465 | €25,787 | +€6,322 | +32.5% |
| Advances received on contracts in progress | 46 | - | €4,740 | +€4,740 | |
| Taxes, remuneration and social security | 45 | €6,212 | €29,205 | +€22,993 | +370% |
| Taxes | 450/3 | €6,212 | €9,800 | +€3,588 | +57.8% |
| Remuneration and social security | 454/9 | - | €19,405 | +€19,405 | |
| Other amounts payable | 47/48 | - | €56,297 | +€56,297 | |
| Remuneration, social security and pensions | 62 | €49,227 | €52,637 | +€3,410 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,366 | €20,995 | +€12,629 | +151% |
| Other operating charges | 640/8 | €394 | €1,057 | +€663 | +168% |
| Non-recurring operating charges | 66A | €14,500 | - | -€14,500 | |
| Gross operating margin | 9900 | €89,686 | -€5,005 | -€94,691 | |
| Operating profit (loss) | 9901 | €17,199 | -€79,694 | -€96,893 | |
| Financial income | 75/76B | €17 | €8 | -€9 | -52.9% |
| Recurring financial income | 75 | €17 | €8 | -€9 | -52.9% |
| Financial charges | 65/66B | - | €6,560 | +€6,560 | |
| Recurring financial charges | 65 | - | €6,560 | +€6,560 | |
| Profit (loss) for the period before taxes | 9903 | €17,216 | -€86,246 | -€103,462 | |
| Income taxes | 67/77 | €7,256 | - | -€7,256 | |
| Profit (loss) for the period | 9904 | €9,960 | -€86,246 | -€96,206 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,960 | -€86,246 | -€96,206 |
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 27 October 2026 via checked.be.