ADP Management: 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.
ADP Management
Largest movements
- Tangible fixed assets +€14,215
up €14,215 (+125%), from €11,330 to €25,545
of which Other tangible fixed assets: +€17,236
- Cash +€959
up €959 (+6.8%), from €14,078 to €15,037
mainly Net result for the year (+€12,462) and Depreciation (+€3,787)
- Reserves +€12,462
up €12,462 (+31.2%), from €39,928 to €52,389
- Tax, wage and social debts +€2,115
up €2,115 (+20.9%), from €10,122 to €12,237
- Gross operating margin -€9,357
down €9,357 (-20.4%), from €45,762 to €36,405
- Staff costs +€5,966
new in 2025: €5,966
- Taxes -€4,586
down €4,586 (-31.3%), from €14,642 to €10,056
- Financial charges +€1,175
up €1,175 (+36.4%), from €3,230 to €4,405
- Depreciation +€1,119
up €1,119 (+41.9%), from €2,669 to €3,787
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 | €55,409 | €71,059 | +€15,650 | +28.2% |
| Fixed assets | 21/28 | €11,330 | €25,545 | +€14,215 | +125% |
| Tangible fixed assets | 22/27 | €11,330 | €25,545 | +€14,215 | +125% |
| Plant, machinery and equipment | 23 | €5,079 | €3,897 | -€1,182 | -23.3% |
| Furniture and vehicles | 24 | €6,251 | €4,412 | -€1,839 | -29.4% |
| Other tangible fixed assets | 26 | - | €17,236 | +€17,236 | |
| Current assets | 29/58 | €44,078 | €45,514 | +€1,435 | +3.3% |
| Amounts receivable within one year | 40/41 | - | €477 | +€477 | |
| Trade receivables | 40 | - | €351 | +€351 | |
| Other amounts receivable | 41 | - | €126 | +€126 | |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,078 | €15,037 | +€959 | +6.8% |
| Total equity and liabilities | 10/49 | €55,409 | €71,059 | +€15,650 | +28.2% |
| Equity | 10/15 | €43,228 | €55,689 | +€12,462 | +28.8% |
| Contributions | 10/11 | €3,300 | €3,300 | = | 0.0% |
| Reserves | 13 | €39,928 | €52,389 | +€12,462 | +31.2% |
| Distributable reserves | 133 | €39,928 | €52,389 | +€12,462 | +31.2% |
| Amounts payable | 17/49 | €12,181 | €15,370 | +€3,189 | +26.2% |
| Amounts payable within one year | 42/48 | €12,181 | €15,370 | +€3,189 | +26.2% |
| Financial debts | 43 | €677 | €683 | +€6 | +0.9% |
| Credit institutions | 430/8 | €677 | €683 | +€6 | +0.9% |
| Trade debts | 44 | €1,352 | €1,890 | +€537 | +39.7% |
| Suppliers | 440/4 | €1,352 | €1,890 | +€537 | +39.7% |
| Taxes, remuneration and social security | 45 | €10,122 | €12,237 | +€2,115 | +20.9% |
| Taxes | 450/3 | €10,122 | €12,237 | +€2,115 | +20.9% |
| Other amounts payable | 47/48 | €30 | €560 | +€530 | +1,783% |
| Remuneration, social security and pensions | 62 | - | €5,966 | +€5,966 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,669 | €3,787 | +€1,119 | +41.9% |
| Other operating charges | 640/8 | €1,131 | €771 | -€360 | -31.8% |
| Gross operating margin | 9900 | €45,762 | €36,405 | -€9,357 | -20.4% |
| Operating profit (loss) | 9901 | €41,963 | €25,881 | -€16,082 | -38.3% |
| Financial income | 75/76B | €204 | €1,043 | +€839 | +411% |
| Recurring financial income | 75 | €204 | €1,043 | +€839 | +411% |
| Financial charges | 65/66B | €3,230 | €4,405 | +€1,175 | +36.4% |
| Recurring financial charges | 65 | €3,230 | €4,405 | +€1,175 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €38,937 | €22,518 | -€16,419 | -42.2% |
| Income taxes | 67/77 | €14,642 | €10,056 | -€4,586 | -31.3% |
| Profit (loss) for the period | 9904 | €24,294 | €12,462 | -€11,833 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,294 | €12,462 | -€11,833 | -48.7% |
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 13 October 2026 via checked.be.