ADP Ventures: 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 Ventures
Largest movements
- Cash -€27,732
down €27,732 (-50.8%), from €54,633 to €26,901
mainly Contributions, distributions and other (-€24,292) and Receivables within one year (-€13,508)
- Receivables within one year +€13,508
up €13,508 (+190.3%), from €7,098 to €20,606
of which Trade receivables: +€8,477
- Financial fixed assets +€2,287
up €2,287 (+12.7%), from €18,023 to €20,310
- Deferred charges and accrued income +€1,413
up €1,413 (+120.2%), from €1,176 to €2,589
- Tangible fixed assets -€993
down €993 (-10.3%), from €9,653 to €8,660
of which Furniture and vehicles: -€520
- Other debts -€11,191
down €11,191 (-31.2%), from €35,924 to €24,733
- Tax, wage and social debts -€953
down €953 (-40.6%), from €2,348 to €1,394
of which Taxes: -€689
- Gross operating margin -€13,264
down €13,264 (-28.5%), from €46,579 to €33,315
- Taxes -€2,463
down €2,463 (-25.3%), from €9,732 to €7,269
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 | €90,583 | €79,066 | -€11,516 | -12.7% |
| Fixed assets | 21/28 | €27,676 | €28,971 | +€1,295 | +4.7% |
| Tangible fixed assets | 22/27 | €9,653 | €8,660 | -€993 | -10.3% |
| Plant, machinery and equipment | 23 | €4,006 | €3,533 | -€473 | -11.8% |
| Furniture and vehicles | 24 | €5,647 | €5,127 | -€520 | -9.2% |
| Financial fixed assets | 28 | €18,023 | €20,310 | +€2,287 | +12.7% |
| Current assets | 29/58 | €62,907 | €50,096 | -€12,811 | -20.4% |
| Amounts receivable within one year | 40/41 | €7,098 | €20,606 | +€13,508 | +190.3% |
| Trade receivables | 40 | €3,740 | €12,218 | +€8,477 | +226.7% |
| Other amounts receivable | 41 | €3,358 | €8,389 | +€5,031 | +149.8% |
| Cash at bank and in hand | 54/58 | €54,633 | €26,901 | -€27,732 | -50.8% |
| Deferred charges and accrued income | 490/1 | €1,176 | €2,589 | +€1,413 | +120.2% |
| Total equity and liabilities | 10/49 | €90,583 | €79,066 | -€11,516 | -12.7% |
| Equity | 10/15 | €51,920 | €51,920 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €49,920 | €49,920 | = | 0.0% |
| Distributable reserves | 133 | €49,920 | €49,920 | = | 0.0% |
| Amounts payable | 17/49 | €38,662 | €27,146 | -€11,516 | -29.8% |
| Amounts payable within one year | 42/48 | €38,640 | €27,118 | -€11,522 | -29.8% |
| Trade debts | 44 | €369 | €442 | +€73 | +19.9% |
| Suppliers | 440/4 | €369 | €442 | +€73 | +19.9% |
| Advances received on contracts in progress | 46 | - | €549 | +€549 | |
| Taxes, remuneration and social security | 45 | €2,348 | €1,394 | -€953 | -40.6% |
| Taxes | 450/3 | €2,083 | €1,394 | -€689 | -33.1% |
| Remuneration and social security | 454/9 | €264 | - | -€264 | |
| Other amounts payable | 47/48 | €35,924 | €24,733 | -€11,191 | -31.2% |
| Accrued charges and deferred income | 492/3 | €22 | €27 | +€6 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,139 | €993 | -€147 | -12.9% |
| Other operating charges | 640/8 | €505 | €561 | +€56 | +11.0% |
| Gross operating margin | 9900 | €46,579 | €33,315 | -€13,264 | -28.5% |
| Operating profit (loss) | 9901 | €44,934 | €31,762 | -€13,173 | -29.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €261 | €201 | -€60 | -22.9% |
| Recurring financial charges | 65 | €261 | €201 | -€60 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €44,674 | €31,561 | -€13,113 | -29.4% |
| Income taxes | 67/77 | €9,732 | €7,269 | -€2,463 | -25.3% |
| Profit (loss) for the period | 9904 | €34,942 | €24,292 | -€10,650 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,942 | €24,292 | -€10,650 | -30.5% |
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 8 October 2026 via checked.be.