ADP ADVISORY: what changed
Two fiscal 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.
ADP ADVISORY
Largest movements
- Receivables within one year -€20,971
down €20,971 (-35.8%), from €58,610 to €37,639
of which Trade receivables: -€21,110
- Tangible fixed assets +€13,219
up €13,219 (+109.8%), from €12,042 to €25,261
of which Furniture and vehicles: +€13,772
- Cash -€8,697
down €8,697 (-17.2%), from €50,524 to €41,828
mainly Contributions, distributions and other (-€75,573) and Investment in fixed assets (net) (-€19,016)
- Deferred charges and accrued income +€1,780
new in 2025: €1,780
- Tax, wage and social debts -€16,399
down €16,399 (-53.2%), from €30,820 to €14,421
- Other debts +€2,008
up €2,008 (+20.9%), from €9,626 to €11,634
- Depreciation +€2,806
up €2,806 (+93.8%), from €2,991 to €5,797
- Gross operating margin +€2,672
up €2,672 (+2.7%), from €99,316 to €101,988
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 | €121,175 | €106,507 | -€14,668 | -12.1% |
| Fixed assets | 21/28 | €12,042 | €25,261 | +€13,219 | +109.8% |
| Tangible fixed assets | 22/27 | €12,042 | €25,261 | +€13,219 | +109.8% |
| Plant, machinery and equipment | 23 | €981 | €631 | -€350 | -35.7% |
| Furniture and vehicles | 24 | €10,577 | €24,349 | +€13,772 | +130.2% |
| Other tangible fixed assets | 26 | €484 | €281 | -€202 | -41.8% |
| Current assets | 29/58 | €109,134 | €81,246 | -€27,888 | -25.6% |
| Amounts receivable within one year | 40/41 | €58,610 | €37,639 | -€20,971 | -35.8% |
| Trade receivables | 40 | €58,610 | €37,499 | -€21,110 | -36.0% |
| Other amounts receivable | 41 | - | €140 | +€140 | |
| Cash at bank and in hand | 54/58 | €50,524 | €41,828 | -€8,697 | -17.2% |
| Deferred charges and accrued income | 490/1 | - | €1,780 | +€1,780 | |
| Total equity and liabilities | 10/49 | €121,175 | €106,507 | -€14,668 | -12.1% |
| Equity | 10/15 | €80,573 | €80,366 | -€207 | -0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €75,573 | €75,366 | -€207 | -0.3% |
| Distributable reserves | 133 | €75,573 | €75,366 | -€207 | -0.3% |
| Amounts payable | 17/49 | €40,603 | €26,141 | -€14,461 | -35.6% |
| Amounts payable within one year | 42/48 | €40,603 | €26,141 | -€14,461 | -35.6% |
| Trade debts | 44 | €157 | €86 | -€71 | -45.3% |
| Suppliers | 440/4 | €157 | €86 | -€71 | -45.3% |
| Taxes, remuneration and social security | 45 | €30,820 | €14,421 | -€16,399 | -53.2% |
| Taxes | 450/3 | €30,820 | €14,421 | -€16,399 | -53.2% |
| Other amounts payable | 47/48 | €9,626 | €11,634 | +€2,008 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,991 | €5,797 | +€2,806 | +93.8% |
| Other operating charges | 640/8 | €690 | €641 | -€48 | -7.0% |
| Gross operating margin | 9900 | €99,316 | €101,988 | +€2,672 | +2.7% |
| Operating profit (loss) | 9901 | €95,636 | €95,550 | -€86 | -0.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €297 | €352 | +€55 | +18.6% |
| Recurring financial charges | 65 | €297 | €352 | +€55 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €95,339 | €95,198 | -€141 | -0.1% |
| Income taxes | 67/77 | €19,766 | €19,832 | +€66 | +0.3% |
| Profit (loss) for the period | 9904 | €75,573 | €75,366 | -€207 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €75,573 | €75,366 | -€207 | -0.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.