ADN SOLUTIONS: what changed
What changed
ADN SOLUTIONS
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€21,434
2024 · €10,791+€10,643
Equity
€50,816
2024 · €29,382+€21,434
Cash
€2,860
2024 · -+€2,860
Balance sheet total
€149,741
2024 · €80,504+€69,236
Largest movements
Assets
- Tangible fixed assets +€37,629
up €37,629 (+93.7%), from €40,154 to €77,783
of which Furniture and vehicles: +€42,970
- Receivables within one year +€28,877
up €28,877 (+75.2%), from €38,399 to €67,275
of which Trade receivables: +€29,041
- Cash +€2,860
new in 2025: €2,860
mainly Debts after one year (+€33,014) and Net result for the year (+€21,434)
Equity and liabilities
- Debts after one year +€33,014
up €33,014 (+138%), from €23,881 to €56,895
- Profit (loss) carried forward +€21,434
up €21,434 (+87.9%), from €24,382 to €45,816
- Short-term financial debts +€7,611
up €7,611 (+6,972%), from €109 to €7,720
- Other debts +€7,213
new in 2025: €7,213
- Current portion of long-term debt -€6,508
no longer reported in 2025 (was €6,508)
Income statement
- Gross operating margin +€60,870
up €60,870 (+214%), from €28,457 to €89,327
- Staff costs +€47,713
up €47,713 (+1,389%), from €3,435 to €51,147
- Depreciation +€6,283
up €6,283 (+84.9%), from €7,405 to €13,688
- Taxes -€3,511
no longer reported in 2025 (was €3,511)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,791
Gross operating margin
+€60,870
Staff costs
-€47,713
Depreciation
-€6,283
Other operating charges
-€587
Financial income
-€0
Financial charges
+€844
Taxes
+€3,511
Result 2025
€21,434
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€20,060
Investment
-€51,317
Financing
+€34,116
Cash 2024
€0
From operations (derived)
+€20,060
Net result for the year
+€21,434
Depreciation
+€13,688
Receivables within one year
-€28,877
Deferred charges and accrued income
+€129
Trade debts
+€3,644
Tax, wage and social debts
+€6,053
Advances received
-€3,223
Other debts
+€7,213
Investment (derived)
-€51,317
Investment in fixed assets (net)
-€51,317
Financing
+€34,116
Debts after one year
+€33,014
Current portion of long-term debt
-€6,508
Short-term financial debts
+€7,611
Cash 2025
€2,860
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,504 | €149,741 | +€69,236 | +86.0% |
| Fixed assets | 21/28 | €41,839 | €79,468 | +€37,629 | +89.9% |
| Tangible fixed assets | 22/27 | €40,154 | €77,783 | +€37,629 | +93.7% |
| Plant, machinery and equipment | 23 | €999 | €3,994 | +€2,995 | +300% |
| Furniture and vehicles | 24 | €4,173 | €47,143 | +€42,970 | +1,030% |
| Leasing and similar rights | 25 | €34,982 | €26,647 | -€8,336 | -23.8% |
| Financial fixed assets | 28 | €1,685 | €1,685 | = | 0.0% |
| Current assets | 29/58 | €38,665 | €70,273 | +€31,607 | +81.7% |
| Amounts receivable within one year | 40/41 | €38,399 | €67,275 | +€28,877 | +75.2% |
| Trade receivables | 40 | €28,984 | €58,024 | +€29,041 | +100% |
| Other amounts receivable | 41 | €9,415 | €9,251 | -€164 | -1.7% |
| Cash at bank and in hand | 54/58 | - | €2,860 | +€2,860 | |
| Deferred charges and accrued income | 490/1 | €267 | €137 | -€129 | -48.5% |
| Total equity and liabilities | 10/49 | €80,504 | €149,741 | +€69,236 | +86.0% |
| Equity | 10/15 | €29,382 | €50,816 | +€21,434 | +72.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,382 | €45,816 | +€21,434 | +87.9% |
| Amounts payable | 17/49 | €51,122 | €98,925 | +€47,802 | +93.5% |
| Amounts payable after more than one year | 17 | €23,881 | €56,895 | +€33,014 | +138% |
| Financial debts | 170/4 | €23,881 | €56,895 | +€33,014 | +138% |
| Amounts payable within one year | 42/48 | €27,242 | €42,030 | +€14,788 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €6,508 | - | -€6,508 | |
| Financial debts | 43 | €109 | €7,720 | +€7,611 | +6,972% |
| Credit institutions | 430/8 | €109 | €7,720 | +€7,611 | +6,972% |
| Trade debts | 44 | €5,044 | €8,688 | +€3,644 | +72.2% |
| Suppliers | 440/4 | €5,044 | €8,688 | +€3,644 | +72.2% |
| Advances received on contracts in progress | 46 | €3,223 | - | -€3,223 | |
| Taxes, remuneration and social security | 45 | €12,357 | €18,410 | +€6,053 | +49.0% |
| Taxes | 450/3 | €7,085 | €6,093 | -€992 | -14.0% |
| Remuneration and social security | 454/9 | €5,272 | €12,317 | +€7,045 | +134% |
| Other amounts payable | 47/48 | - | €7,213 | +€7,213 | |
| Remuneration, social security and pensions | 62 | €3,435 | €51,147 | +€47,713 | +1,389% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,405 | €13,688 | +€6,283 | +84.9% |
| Other operating charges | 640/8 | €1,530 | €2,117 | +€587 | +38.3% |
| Gross operating margin | 9900 | €28,457 | €89,327 | +€60,870 | +214% |
| Operating profit (loss) | 9901 | €16,088 | €22,375 | +€6,288 | +39.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,785 | €941 | -€844 | -47.3% |
| Recurring financial charges | 65 | €1,785 | €941 | -€844 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €14,302 | €21,434 | +€7,132 | +49.9% |
| Income taxes | 67/77 | €3,511 | - | -€3,511 | |
| Profit (loss) for the period | 9904 | €10,791 | €21,434 | +€10,643 | +98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,791 | €21,434 | +€10,643 | +98.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.