ADS & CO: 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.
ADS & CO
Largest movements
- Cash -€57,182
down €57,182 (-22.0%), from €259,986 to €202,804
mainly Net result for the year (-€56,585) and Receivables within one year (-€8,581)
- Receivables within one year +€8,581
up €8,581 (+71.5%), from €11,993 to €20,574
of which Trade receivables: +€4,391
- Tangible fixed assets -€4,030
down €4,030 (-42.1%), from €9,576 to €5,546
of which Furniture and vehicles: -€3,649
- Reserves -€56,585
down €56,585 (-22.6%), from €250,357 to €193,772
- Other debts +€6,340
up €6,340 (+105.1%), from €6,030 to €12,370
- Tax, wage and social debts -€2,937
down €2,937 (-35.3%), from €8,320 to €5,383
- Gross operating margin -€56,044
down €56,044, from €13,019 to -€43,025
- Other operating charges +€9,904
up €9,904 (+1976.2%), from €501 to €10,405
- Taxes -€2,623
down €2,623 (-95.2%), from €2,755 to €132
- Depreciation -€544
down €544 (-11.9%), from €4,574 to €4,030
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 | €284,004 | €231,080 | -€52,924 | -18.6% |
| Fixed assets | 21/28 | €9,576 | €5,546 | -€4,030 | -42.1% |
| Tangible fixed assets | 22/27 | €9,576 | €5,546 | -€4,030 | -42.1% |
| Plant, machinery and equipment | 23 | €572 | €191 | -€381 | -66.7% |
| Furniture and vehicles | 24 | €8,155 | €4,506 | -€3,649 | -44.7% |
| Other tangible fixed assets | 26 | €849 | €849 | = | 0.0% |
| Current assets | 29/58 | €274,428 | €225,534 | -€48,894 | -17.8% |
| Amounts receivable within one year | 40/41 | €11,993 | €20,574 | +€8,581 | +71.5% |
| Trade receivables | 40 | €9,637 | €14,029 | +€4,391 | +45.6% |
| Other amounts receivable | 41 | €2,356 | €6,545 | +€4,189 | +177.8% |
| Cash at bank and in hand | 54/58 | €259,986 | €202,804 | -€57,182 | -22.0% |
| Deferred charges and accrued income | 490/1 | €2,449 | €2,157 | -€292 | -11.9% |
| Total equity and liabilities | 10/49 | €284,004 | €231,080 | -€52,924 | -18.6% |
| Equity | 10/15 | €268,957 | €212,372 | -€56,585 | -21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €250,357 | €193,772 | -€56,585 | -22.6% |
| Distributable reserves | 133 | €250,357 | €193,772 | -€56,585 | -22.6% |
| Amounts payable | 17/49 | €15,047 | €18,708 | +€3,661 | +24.3% |
| Amounts payable within one year | 42/48 | €14,740 | €18,480 | +€3,741 | +25.4% |
| Trade debts | 44 | €390 | €727 | +€337 | +86.5% |
| Suppliers | 440/4 | €390 | €727 | +€337 | +86.5% |
| Taxes, remuneration and social security | 45 | €8,320 | €5,383 | -€2,937 | -35.3% |
| Taxes | 450/3 | €8,320 | €5,383 | -€2,937 | -35.3% |
| Other amounts payable | 47/48 | €6,030 | €12,370 | +€6,340 | +105.1% |
| Accrued charges and deferred income | 492/3 | €307 | €227 | -€80 | -26.1% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,574 | €4,030 | -€544 | -11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €150 | €0 | -€150 | -100.0% |
| Other operating charges | 640/8 | €501 | €10,405 | +€9,904 | +1976.2% |
| Non-recurring operating charges | 66A | €289 | €0 | -€289 | -100.0% |
| Gross operating margin | 9900 | €13,019 | -€43,025 | -€56,044 | |
| Operating profit (loss) | 9901 | €7,505 | -€57,460 | -€64,965 | |
| Financial income | 75/76B | €1,539 | €1,176 | -€364 | -23.6% |
| Recurring financial income | 75 | €1,539 | €1,176 | -€364 | -23.6% |
| Financial charges | 65/66B | €117 | €169 | +€51 | +43.9% |
| Recurring financial charges | 65 | €117 | €169 | +€51 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €8,927 | -€56,453 | -€65,380 | |
| Income taxes | 67/77 | €2,755 | €132 | -€2,623 | -95.2% |
| Profit (loss) for the period | 9904 | €6,173 | -€56,585 | -€62,757 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,173 | -€56,585 | -€62,757 |
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.