ADP Vision: 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.
What changed
ADP Vision
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9.9m
2024 · €61,291+€9.8m
Equity
€11.8m
2024 · €1.9m+€9.9m
Cash
€234,150
2024 · €129,589+€104,561
Balance sheet total
€13.0m
2024 · €3.2m+€9.8m
Largest movements
Assets
- Current investments +€9.7m
new in 2025: €9.7m
Equity and liabilities
- Profit (loss) carried forward +€9.9m
up €9.9m, from -€1.5m to €8.4m
Income statement
- Gross operating margin +€8.7m
up €8.7m (+2611.2%), from €334,476 to €9.1m
- Financial income +€4.4m
up €4.4m (+11009081.9%), from €40 to €4.4m
- Taxes +€3.3m
up €3.3m (+11386.9%), from €28,903 to €3.3m
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.
Result 2024
€61,291
Gross operating margin
+€8.7m
Depreciation
+€4,576
Other operating charges
+€2,681
Financial income
+€4.4m
Financial charges
-€557
Taxes
-€3.3m
Result 2025
€9.9m
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.
From operations
+€9.9m
Investment
-€9.8m
Financing
€0
Cash 2024
€129,589
From operations (derived)
+€9.9m
Net result for the year
+€9.9m
Depreciation
+€137,201
Receivables within one year
-€57,486
Smaller working-capital items
+€10,071
Other debts
-€72,718
Investment (derived)
-€9.8m
Investment in fixed assets (net)
-€91,899
Current investments
-€9.7m
Cash 2025
€234,150
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,229,677 | €13,037,249 | +€9.8m | +303.7% |
| Fixed assets | 21/28 | €3,047,549 | €3,002,246 | -€45,302 | -1.5% |
| Tangible fixed assets | 22/27 | €3,047,549 | €3,002,246 | -€45,302 | -1.5% |
| Land and buildings | 22 | €2,964,047 | €2,858,816 | -€105,231 | -3.6% |
| Plant, machinery and equipment | 23 | €342 | €10,844 | +€10,502 | +3067.7% |
| Furniture and vehicles | 24 | €83,160 | €132,586 | +€49,426 | +59.4% |
| Current assets | 29/58 | €182,128 | €10,035,003 | +€9.9m | +5409.9% |
| Amounts receivable within one year | 40/41 | €37,598 | €95,084 | +€57,486 | +152.9% |
| Trade receivables | 40 | €21,489 | €84 | -€21,405 | -99.6% |
| Other amounts receivable | 41 | €16,109 | €95,000 | +€78,891 | +489.7% |
| Current investments | 50/53 | - | €9,695,410 | +€9.7m | |
| Cash at bank and in hand | 54/58 | €129,589 | €234,150 | +€104,561 | +80.7% |
| Deferred charges and accrued income | 490/1 | €14,942 | €10,359 | -€4,583 | -30.7% |
| Total equity and liabilities | 10/49 | €3,229,677 | €13,037,249 | +€9.8m | +303.7% |
| Equity | 10/15 | €1,881,072 | €11,755,874 | +€9.9m | +525.0% |
| Contributions | 10/11 | €3,340,000 | €3,340,000 | = | 0.0% |
| Reserves | 13 | €421 | €421 | = | 0.0% |
| Distributable reserves | 133 | €421 | €421 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,459,349 | €8,415,453 | +€9.9m | |
| Amounts payable | 17/49 | €1,348,605 | €1,281,375 | -€67,230 | -5.0% |
| Amounts payable within one year | 42/48 | €1,345,305 | €1,276,863 | -€68,442 | -5.1% |
| Trade debts | 44 | €7,743 | €30,581 | +€22,838 | +295.0% |
| Suppliers | 440/4 | €7,743 | €30,581 | +€22,838 | +295.0% |
| Taxes, remuneration and social security | 45 | €50,758 | €32,196 | -€18,562 | -36.6% |
| Taxes | 450/3 | €50,758 | €32,196 | -€18,562 | -36.6% |
| Other amounts payable | 47/48 | €1,286,804 | €1,214,086 | -€72,718 | -5.7% |
| Accrued charges and deferred income | 492/3 | €3,301 | €4,512 | +€1,212 | +36.7% |
| Non-recurring operating income | 76A | - | €29,864 | +€29,864 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,778 | €137,201 | -€4,576 | -3.2% |
| Other operating charges | 640/8 | €10,412 | €7,731 | -€2,681 | -25.8% |
| Gross operating margin | 9900 | €334,476 | €9,068,430 | +€8.7m | +2611.2% |
| Operating profit (loss) | 9901 | €182,287 | €8,923,498 | +€8.7m | +4795.3% |
| Financial income | 75/76B | €40 | €4,364,040 | +€4.4m | +11009081.9% |
| Recurring financial income | 75 | €40 | €4,364,040 | +€4.4m | +11009081.9% |
| Financial charges | 65/66B | €92,132 | €92,689 | +€557 | +0.6% |
| Recurring financial charges | 65 | €92,132 | €92,689 | +€557 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €90,194 | €13,194,848 | +€13.1m | +14529.4% |
| Income taxes | 67/77 | €28,903 | €3,320,046 | +€3.3m | +11386.9% |
| Profit (loss) for the period | 9904 | €61,291 | €9,874,802 | +€9.8m | +16011.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,291 | €9,874,802 | +€9.8m | +16011.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.