ADS COMPANY: what changed
ADS COMPANY
Largest movements
- Cash -€29,181
down €29,181 (-55.1%), from €52,914 to €23,733
mainly Net result for the year (-€20,092) and Tax, wage and social debts (-€14,505)
- Receivables within one year -€6,226
down €6,226 (-10.1%), from €61,625 to €55,399
of which Trade receivables: -€3,226
- Stocks and contracts -€1,531
down €1,531 (-43.4%), from €3,531 to €2,000
- Tangible fixed assets +€1,444
up €1,444 (+81.7%), from €1,767 to €3,211
of which Furniture and vehicles: +€1,687
- Profit (loss) carried forward -€20,092
down €20,092, from €6,852 to -€13,240
- Tax, wage and social debts -€14,505
down €14,505 (-50.0%), from €29,034 to €14,529
- Other debts +€4,451
up €4,451 (+2,762%), from €161 to €4,613
- Reserves -€4,000
down €4,000 (-4.9%), from €81,198 to €77,198
- Gross operating margin -€51,064
down €51,064, from €31,853 to -€19,211
- Taxes -€9,094
down €9,094 (-97.4%), from €9,335 to €240
- Depreciation -€756
down €756 (-68.0%), from €1,113 to €356
- Financial charges +€452
up €452 (+411%), from €110 to €562
- Other operating charges -€423
down €423 (-28.1%), from €1,506 to €1,083
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,639 | €88,580 | -€34,059 | -27.8% |
| Fixed assets | 21/28 | €1,767 | €4,402 | +€2,635 | +149% |
| Tangible fixed assets | 22/27 | €1,767 | €3,211 | +€1,444 | +81.7% |
| Land and buildings | 22 | €293 | €219 | -€73 | -25.0% |
| Furniture and vehicles | 24 | - | €1,687 | +€1,687 | |
| Other tangible fixed assets | 26 | €1,475 | €1,305 | -€170 | -11.5% |
| Financial fixed assets | 28 | - | €1,191 | +€1,191 | |
| Current assets | 29/58 | €120,871 | €84,178 | -€36,694 | -30.4% |
| Stocks and contracts in progress | 3 | €3,531 | €2,000 | -€1,531 | -43.4% |
| Stocks | 30/36 | €3,531 | €2,000 | -€1,531 | -43.4% |
| Amounts receivable within one year | 40/41 | €61,625 | €55,399 | -€6,226 | -10.1% |
| Trade receivables | 40 | €10,625 | €7,399 | -€3,226 | -30.4% |
| Other amounts receivable | 41 | €51,000 | €48,000 | -€3,000 | -5.9% |
| Cash at bank and in hand | 54/58 | €52,914 | €23,733 | -€29,181 | -55.1% |
| Deferred charges and accrued income | 490/1 | €2,802 | €3,046 | +€244 | +8.7% |
| Total equity and liabilities | 10/49 | €122,639 | €88,580 | -€34,059 | -27.8% |
| Equity | 10/15 | €90,050 | €65,958 | -€24,092 | -26.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €81,198 | €77,198 | -€4,000 | -4.9% |
| Distributable reserves | 133 | €81,198 | €77,198 | -€4,000 | -4.9% |
| Profit (loss) carried forward | 14 | €6,852 | -€13,240 | -€20,092 | |
| Amounts payable | 17/49 | €32,589 | €22,622 | -€9,967 | -30.6% |
| Amounts payable within one year | 42/48 | €32,589 | €22,622 | -€9,967 | -30.6% |
| Trade debts | 44 | €3,394 | €3,480 | +€86 | +2.5% |
| Suppliers | 440/4 | €3,394 | €3,480 | +€86 | +2.5% |
| Taxes, remuneration and social security | 45 | €29,034 | €14,529 | -€14,505 | -50.0% |
| Taxes | 450/3 | €29,034 | €14,529 | -€14,505 | -50.0% |
| Other amounts payable | 47/48 | €161 | €4,613 | +€4,451 | +2,762% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,113 | €356 | -€756 | -68.0% |
| Other operating charges | 640/8 | €1,506 | €1,083 | -€423 | -28.1% |
| Gross operating margin | 9900 | €31,853 | -€19,211 | -€51,064 | |
| Operating profit (loss) | 9901 | €29,234 | -€20,650 | -€49,885 | |
| Financial income | 75/76B | €1,200 | €1,361 | +€161 | +13.4% |
| Recurring financial income | 75 | €1,200 | €1,361 | +€161 | +13.4% |
| Financial charges | 65/66B | €110 | €562 | +€452 | +411% |
| Recurring financial charges | 65 | €110 | €562 | +€452 | +411% |
| Profit (loss) for the period before taxes | 9903 | €30,324 | -€19,851 | -€50,176 | |
| Income taxes | 67/77 | €9,335 | €240 | -€9,094 | -97.4% |
| Profit (loss) for the period | 9904 | €20,990 | -€20,092 | -€41,081 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,990 | -€20,092 | -€41,081 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.