ADPS MANAGEMENT: 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.
ADPS MANAGEMENT
Largest movements
- Receivables within one year +€100,726
up €100,726, from €0 to €100,726
of which Other amounts receivable: +€100,000
- Receivables after one year -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€13,849
up €13,849 (+56.2%), from €24,646 to €38,494
mainly Net result for the year (+€118,363) and Receivables after one year (+€100,000)
- Debts after one year -€160,190
down €160,190 (-22.0%), from €729,724 to €569,534
- Profit (loss) carried forward +€118,363
up €118,363 (+142.4%), from €83,100 to €201,463
- Current portion of long-term debt +€55,478
up €55,478 (+39.5%), from €140,427 to €195,905
- Other debts +€23,954
up €23,954 (+59.9%), from €40,000 to €63,954
- Accrued charges and deferred income -€12,949
down €12,949 (-99.8%), from €12,974 to €25
- Financial income +€74,000
up €74,000 (+3700.0%), from €2,000 to €76,000
- Gross operating margin +€11,284
up €11,284 (+13.9%), from €81,035 to €92,320
- Financial charges -€3,657
down €3,657 (-10.1%), from €36,346 to €32,689
- Taxes +€3,252
up €3,252 (+24.6%), from €13,215 to €16,467
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,033,428 | €1,049,509 | +€16,082 | +1.6% |
| Fixed assets | 21/28 | €901,015 | €900,596 | -€418 | 0.0% |
| Tangible fixed assets | 22/27 | €1,015 | €596 | -€418 | -41.2% |
| Furniture and vehicles | 24 | €1,015 | €596 | -€418 | -41.2% |
| Financial fixed assets | 28 | €900,000 | €900,000 | = | 0.0% |
| Current assets | 29/58 | €132,413 | €148,913 | +€16,500 | +12.5% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100.0% |
| Other amounts receivable | 291 | €100,000 | €0 | -€100,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €0 | €100,726 | +€100,726 | |
| Trade receivables | 40 | €0 | €726 | +€726 | |
| Other amounts receivable | 41 | €0 | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €24,646 | €38,494 | +€13,849 | +56.2% |
| Deferred charges and accrued income | 490/1 | €7,768 | €9,693 | +€1,925 | +24.8% |
| Total equity and liabilities | 10/49 | €1,033,428 | €1,049,509 | +€16,082 | +1.6% |
| Equity | 10/15 | €86,100 | €204,463 | +€118,363 | +137.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,100 | €201,463 | +€118,363 | +142.4% |
| Amounts payable | 17/49 | €947,328 | €845,046 | -€102,281 | -10.8% |
| Amounts payable after more than one year | 17 | €729,724 | €569,534 | -€160,190 | -22.0% |
| Financial debts | 170/4 | €729,724 | €569,534 | -€160,190 | -22.0% |
| Amounts payable within one year | 42/48 | €204,630 | €275,488 | +€70,858 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €140,427 | €195,905 | +€55,478 | +39.5% |
| Trade debts | 44 | €2,223 | €301 | -€1,922 | -86.5% |
| Suppliers | 440/4 | €2,223 | €301 | -€1,922 | -86.5% |
| Taxes, remuneration and social security | 45 | €21,980 | €15,329 | -€6,651 | -30.3% |
| Taxes | 450/3 | €21,980 | €15,329 | -€6,651 | -30.3% |
| Other amounts payable | 47/48 | €40,000 | €63,954 | +€23,954 | +59.9% |
| Accrued charges and deferred income | 492/3 | €12,974 | €25 | -€12,949 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376 | €418 | +€42 | +11.2% |
| Other operating charges | 640/8 | €262 | €383 | +€121 | +46.4% |
| Gross operating margin | 9900 | €81,035 | €92,320 | +€11,284 | +13.9% |
| Operating profit (loss) | 9901 | €80,398 | €91,519 | +€11,121 | +13.8% |
| Financial income | 75/76B | €2,000 | €76,000 | +€74,000 | +3700.0% |
| Recurring financial income | 75 | €2,000 | €76,000 | +€74,000 | +3700.0% |
| Financial charges | 65/66B | €36,346 | €32,689 | -€3,657 | -10.1% |
| Recurring financial charges | 65 | €36,346 | €32,689 | -€3,657 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €46,052 | €134,830 | +€88,778 | +192.8% |
| Income taxes | 67/77 | €13,215 | €16,467 | +€3,252 | +24.6% |
| Profit (loss) for the period | 9904 | €32,837 | €118,363 | +€85,526 | +260.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,837 | €118,363 | +€85,526 | +260.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.