ADS-Construct: what changed
Two financial 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-Construct
Largest movements
- Tangible fixed assets -€14,426
down €14,426 (-27.0%), from €53,392 to €38,967
of which Furniture and vehicles: -€13,921
- Receivables within one year +€4,320
up €4,320 (+569.3%), from €759 to €5,079
of which Other amounts receivable: +€2,320
- Cash -€1,070
down €1,070 (-52.4%), from €2,042 to €971
mainly Tax, wage and social debts (-€6,600) and Other debts (-€6,270)
- Tax, wage and social debts -€6,600
no longer reported in 2025 (was €6,600)
- Other debts -€6,270
down €6,270 (-82.4%), from €7,613 to €1,343
- Trade debts +€1,566
up €1,566 (+1419.7%), from €110 to €1,676
- Gross operating margin -€23,932
down €23,932 (-56.2%), from €42,558 to €18,626
- Taxes -€5,129
down €5,129 (-76.1%), from €6,740 to €1,611
- Other operating charges -€713
down €713 (-23.5%), from €3,029 to €2,316
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 | €56,193 | €45,017 | -€11,176 | -19.9% |
| Fixed assets | 21/28 | €53,392 | €38,967 | -€14,426 | -27.0% |
| Tangible fixed assets | 22/27 | €53,392 | €38,967 | -€14,426 | -27.0% |
| Plant, machinery and equipment | 23 | €1,177 | €673 | -€505 | -42.9% |
| Furniture and vehicles | 24 | €52,215 | €38,294 | -€13,921 | -26.7% |
| Current assets | 29/58 | €2,800 | €6,050 | +€3,250 | +116.1% |
| Amounts receivable within one year | 40/41 | €759 | €5,079 | +€4,320 | +569.3% |
| Trade receivables | 40 | €492 | €2,492 | +€2,000 | +406.5% |
| Other amounts receivable | 41 | €267 | €2,587 | +€2,320 | +869.5% |
| Cash at bank and in hand | 54/58 | €2,042 | €971 | -€1,070 | -52.4% |
| Total equity and liabilities | 10/49 | €56,193 | €45,017 | -€11,176 | -19.9% |
| Equity | 10/15 | €41,869 | €41,997 | +€128 | +0.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,869 | €34,997 | +€128 | +0.4% |
| Amounts payable | 17/49 | €14,324 | €3,020 | -€11,304 | -78.9% |
| Amounts payable within one year | 42/48 | €14,324 | €3,020 | -€11,304 | -78.9% |
| Trade debts | 44 | €110 | €1,676 | +€1,566 | +1419.7% |
| Suppliers | 440/4 | €110 | €1,676 | +€1,566 | +1419.7% |
| Taxes, remuneration and social security | 45 | €6,600 | - | -€6,600 | |
| Taxes | 450/3 | €6,600 | - | -€6,600 | |
| Other amounts payable | 47/48 | €7,613 | €1,343 | -€6,270 | -82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,567 | €14,426 | -€141 | -1.0% |
| Other operating charges | 640/8 | €3,029 | €2,316 | -€713 | -23.5% |
| Gross operating margin | 9900 | €42,558 | €18,626 | -€23,932 | -56.2% |
| Operating profit (loss) | 9901 | €24,962 | €1,885 | -€23,077 | -92.4% |
| Financial income | 75/76B | €47 | - | -€47 | |
| Recurring financial income | 75 | €47 | - | -€47 | |
| Financial charges | 65/66B | €136 | €145 | +€9 | +6.6% |
| Recurring financial charges | 65 | €136 | €145 | +€9 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €24,873 | €1,740 | -€23,133 | -93.0% |
| Income taxes | 67/77 | €6,740 | €1,611 | -€5,129 | -76.1% |
| Profit (loss) for the period | 9904 | €18,133 | €128 | -€18,004 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,133 | €128 | -€18,004 | -99.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.