ADS IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€9,545
down €9,545 (-3.7%), from €256,670 to €247,125
- Debts after one year -€17,672
down €17,672 (-8.9%), from €198,376 to €180,704
- Profit (loss) carried forward +€7,423
up €7,423, from -€2,097 to €5,326
- Gross operating margin -€5,789
down €5,789 (-20.0%), from €28,936 to €23,148
- Taxes +€1,900
new in 2025: €1,900
- Other operating charges +€387
new in 2025: €387
- Financial charges -€383
down €383 (-9.0%), from €4,277 to €3,894
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 | €259,638 | €249,693 | -€9,945 | -3.8% |
| Fixed assets | 21/28 | €256,670 | €247,125 | -€9,545 | -3.7% |
| Tangible fixed assets | 22/27 | €256,670 | €247,125 | -€9,545 | -3.7% |
| Land and buildings | 22 | €256,670 | €247,125 | -€9,545 | -3.7% |
| Current assets | 29/58 | €2,969 | €2,568 | -€400 | -13.5% |
| Amounts receivable within one year | 40/41 | - | €1,600 | +€1,600 | |
| Other amounts receivable | 41 | - | €1,600 | +€1,600 | |
| Cash at bank and in hand | 54/58 | €2,969 | €968 | -€2,000 | -67.4% |
| Total equity and liabilities | 10/49 | €259,638 | €249,693 | -€9,945 | -3.8% |
| Equity | 10/15 | €16,503 | €23,926 | +€7,423 | +45.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,097 | €5,326 | +€7,423 | |
| Amounts payable | 17/49 | €243,135 | €225,767 | -€17,368 | -7.1% |
| Amounts payable after more than one year | 17 | €198,376 | €180,704 | -€17,672 | -8.9% |
| Financial debts | 170/4 | €198,376 | €180,704 | -€17,672 | -8.9% |
| Amounts payable within one year | 42/48 | €44,760 | €45,064 | +€304 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €17,265 | €17,672 | +€407 | +2.4% |
| Trade debts | 44 | - | €54 | +€54 | |
| Suppliers | 440/4 | - | €54 | +€54 | |
| Other amounts payable | 47/48 | €27,495 | €27,337 | -€158 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,545 | €9,545 | = | 0.0% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €28,936 | €23,148 | -€5,789 | -20.0% |
| Operating profit (loss) | 9901 | €19,392 | €13,216 | -€6,176 | -31.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,277 | €3,894 | -€383 | -9.0% |
| Recurring financial charges | 65 | €4,277 | €3,894 | -€383 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €15,115 | €9,323 | -€5,792 | -38.3% |
| Income taxes | 67/77 | - | €1,900 | +€1,900 | |
| Profit (loss) for the period | 9904 | €15,115 | €7,423 | -€7,692 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,115 | €7,423 | -€7,692 | -50.9% |
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 30 September 2026 via checked.be.