ADS Industries: 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 Industries
Largest movements
- Tangible fixed assets +€111,324
new in 2025: €111,324
- Receivables within one year +€100,781
up €100,781 (+526%), from €19,152 to €119,933
of which Trade receivables: +€101,222
- Cash -€50,148
down €50,148 (-79.2%), from €63,314 to €13,166
mainly Investment in fixed assets (net) (-€162,127) and Receivables within one year (-€100,781)
- Intangible fixed assets +€42,857
new in 2025: €42,857
- Stocks and contracts +€37,602
new in 2025: €37,602
- Other debts +€140,700
up €140,700 (+563%), from €25,000 to €165,700
- Trade debts +€70,756
up €70,756 (+643%), from €11,005 to €81,761
- Debts after one year +€20,488
new in 2025: €20,488
- Current portion of long-term debt +€12,132
new in 2025: €12,132
- Accrued charges and deferred income -€11,550
down €11,550 (-74.5%), from €15,500 to €3,950
- Staff costs +€43,633
new in 2025: €43,633
- Depreciation +€7,946
new in 2025: €7,946
- Taxes -€7,500
no longer reported in 2025 (was €7,500)
- Gross operating margin +€6,347
up €6,347 (+11.3%), from €55,996 to €62,343
- Financial income +€2,401
new in 2025: €2,401
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.
Derived cash bridge
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 | €82,466 | €326,806 | +€244,340 | +296% |
| Fixed assets | 21/28 | - | €154,181 | +€154,181 | |
| Intangible fixed assets | 21 | - | €42,857 | +€42,857 | |
| Tangible fixed assets | 22/27 | - | €111,324 | +€111,324 | |
| Furniture and vehicles | 24 | - | €111,324 | +€111,324 | |
| Current assets | 29/58 | €82,466 | €172,625 | +€90,159 | +109% |
| Stocks and contracts in progress | 3 | - | €37,602 | +€37,602 | |
| Stocks | 30/36 | - | €37,602 | +€37,602 | |
| Amounts receivable within one year | 40/41 | €19,152 | €119,933 | +€100,781 | +526% |
| Trade receivables | 40 | €18,711 | €119,933 | +€101,222 | +541% |
| Other amounts receivable | 41 | €441 | - | -€441 | |
| Cash at bank and in hand | 54/58 | €63,314 | €13,166 | -€50,148 | -79.2% |
| Deferred charges and accrued income | 490/1 | - | €1,924 | +€1,924 | |
| Total equity and liabilities | 10/49 | €82,466 | €326,806 | +€244,340 | +296% |
| Equity | 10/15 | €23,461 | €25,405 | +€1,944 | +8.3% |
| Profit (loss) carried forward | 14 | €23,461 | €25,405 | +€1,944 | +8.3% |
| Amounts payable | 17/49 | €59,005 | €301,401 | +€242,396 | +411% |
| Amounts payable after more than one year | 17 | - | €20,488 | +€20,488 | |
| Financial debts | 170/4 | - | €20,488 | +€20,488 | |
| Amounts payable within one year | 42/48 | €43,505 | €276,963 | +€233,458 | +537% |
| Current portion of amounts payable after more than one year | 42 | - | €12,132 | +€12,132 | |
| Trade debts | 44 | €11,005 | €81,761 | +€70,756 | +643% |
| Suppliers | 440/4 | €11,005 | €81,761 | +€70,756 | +643% |
| Taxes, remuneration and social security | 45 | €7,500 | €17,370 | +€9,870 | +132% |
| Taxes | 450/3 | €7,500 | €11,623 | +€4,123 | +55.0% |
| Remuneration and social security | 454/9 | - | €5,747 | +€5,747 | |
| Other amounts payable | 47/48 | €25,000 | €165,700 | +€140,700 | +563% |
| Accrued charges and deferred income | 492/3 | €15,500 | €3,950 | -€11,550 | -74.5% |
| Remuneration, social security and pensions | 62 | - | €43,633 | +€43,633 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,946 | +€7,946 | |
| Other operating charges | 640/8 | - | €283 | +€283 | |
| Gross operating margin | 9900 | €55,996 | €62,343 | +€6,347 | +11.3% |
| Operating profit (loss) | 9901 | €55,996 | €10,481 | -€45,515 | -81.3% |
| Financial income | 75/76B | - | €2,401 | +€2,401 | |
| Recurring financial income | 75 | - | €2,401 | +€2,401 | |
| Financial charges | 65/66B | €35 | €938 | +€903 | +2,580% |
| Recurring financial charges | 65 | €35 | €938 | +€903 | +2,580% |
| Profit (loss) for the period before taxes | 9903 | €55,961 | €11,944 | -€44,017 | -78.7% |
| Income taxes | 67/77 | €7,500 | - | -€7,500 | |
| Profit (loss) for the period | 9904 | €48,461 | €11,944 | -€36,517 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,461 | €11,944 | -€36,517 | -75.4% |
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 29 October 2026 via checked.be.