ADP-MFD: 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-MFD
Largest movements
- Cash +€19,052
up €19,052, from €0 to €19,052
mainly Net result for the year (+€30,772) and Depreciation (+€8,264)
- Receivables within one year +€9,715
up €9,715 (+7.9%), from €122,904 to €132,619
of which Other amounts receivable: +€18,443
- Tangible fixed assets -€7,453
down €7,453 (-66.5%), from €11,212 to €3,759
of which Furniture and vehicles: -€7,868
- Deferred charges and accrued income +€4,120
up €4,120 (+699.1%), from €589 to €4,709
- Profit (loss) carried forward +€30,772
up €30,772 (+33.2%), from €92,674 to €123,446
- Current portion of long-term debt -€5,022
down €5,022 (-96.6%), from €5,196 to €174
- Trade debts -€3,565
down €3,565 (-63.4%), from €5,619 to €2,054
- Short-term financial debts +€2,300
up €2,300 (+47.6%), from €4,833 to €7,133
- Gross operating margin -€85,105
down €85,105 (-65.4%), from €130,145 to €45,040
- Taxes -€18,057
down €18,057 (-64.0%), from €28,204 to €10,148
- Financial income +€6,473
up €6,473 (+1294650.0%), from €1 to €6,474
- Depreciation +€2,526
up €2,526 (+44.0%), from €5,737 to €8,264
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 | €134,705 | €160,139 | +€25,434 | +18.9% |
| Fixed assets | 21/28 | €11,212 | €3,759 | -€7,453 | -66.5% |
| Tangible fixed assets | 22/27 | €11,212 | €3,759 | -€7,453 | -66.5% |
| Plant, machinery and equipment | 23 | - | €415 | +€415 | |
| Furniture and vehicles | 24 | €11,212 | €3,344 | -€7,868 | -70.2% |
| Current assets | 29/58 | €123,493 | €156,380 | +€32,887 | +26.6% |
| Amounts receivable within one year | 40/41 | €122,904 | €132,619 | +€9,715 | +7.9% |
| Trade receivables | 40 | €9,078 | €350 | -€8,728 | -96.1% |
| Other amounts receivable | 41 | €113,827 | €132,269 | +€18,443 | +16.2% |
| Cash at bank and in hand | 54/58 | €0 | €19,052 | +€19,052 | |
| Deferred charges and accrued income | 490/1 | €589 | €4,709 | +€4,120 | +699.1% |
| Total equity and liabilities | 10/49 | €134,705 | €160,139 | +€25,434 | +18.9% |
| Equity | 10/15 | €95,674 | €126,446 | +€30,772 | +32.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,674 | €123,446 | +€30,772 | +33.2% |
| Amounts payable | 17/49 | €39,031 | €33,693 | -€5,338 | -13.7% |
| Amounts payable after more than one year | 17 | €174 | €0 | -€174 | -100.0% |
| Financial debts | 170/4 | €174 | €0 | -€174 | -100.0% |
| Amounts payable within one year | 42/48 | €38,857 | €33,413 | -€5,444 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €5,196 | €174 | -€5,022 | -96.6% |
| Financial debts | 43 | €4,833 | €7,133 | +€2,300 | +47.6% |
| Credit institutions | 430/8 | €4,833 | €7,133 | +€2,300 | +47.6% |
| Trade debts | 44 | €5,619 | €2,054 | -€3,565 | -63.4% |
| Suppliers | 440/4 | €5,619 | €2,054 | -€3,565 | -63.4% |
| Taxes, remuneration and social security | 45 | €23,209 | €24,052 | +€843 | +3.6% |
| Taxes | 450/3 | €23,209 | €24,052 | +€843 | +3.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €280 | +€280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,737 | €8,264 | +€2,526 | +44.0% |
| Other operating charges | 640/8 | €280 | €1,476 | +€1,196 | +427.2% |
| Gross operating margin | 9900 | €130,145 | €45,040 | -€85,105 | -65.4% |
| Operating profit (loss) | 9901 | €124,128 | €35,301 | -€88,827 | -71.6% |
| Financial income | 75/76B | €1 | €6,474 | +€6,473 | +1294650.0% |
| Recurring financial income | 75 | €1 | €6,474 | +€6,473 | +1294650.0% |
| Financial charges | 65/66B | €830 | €854 | +€24 | +2.9% |
| Recurring financial charges | 65 | €830 | €854 | +€24 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €123,298 | €40,920 | -€82,378 | -66.8% |
| Income taxes | 67/77 | €28,204 | €10,148 | -€18,057 | -64.0% |
| Profit (loss) for the period | 9904 | €95,094 | €30,772 | -€64,321 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €95,094 | €30,772 | -€64,321 | -67.6% |
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 5 October 2026 via checked.be.