ADS LIEGE: 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 LIEGE
Largest movements
- Receivables within one year -€67,629
down €67,629 (-29.7%), from €228,053 to €160,424
of which Trade receivables: -€59,496
- Tangible fixed assets -€10,292
down €10,292 (-75.4%), from €13,644 to €3,351
of which Plant, machinery and equipment: -€10,010
- Debts after one year -€579,468
down €579,468 (-99.9%), from €580,106 to €637
of which Other amounts payable: -€571,899
- Profit (loss) carried forward +€509,099
up €509,099, from -€400,570 to €108,529
- Trade debts -€6,916
down €6,916 (-28.6%), from €24,207 to €17,291
- Gross operating margin +€599,726
up €599,726, from -€7,646 to €592,079
- Other operating charges +€65,363
up €65,363 (+440%), from €14,841 to €80,204
- Write-downs -€8,534
new in 2025: -€8,534
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 | €242,691 | €164,413 | -€78,278 | -32.3% |
| Fixed assets | 21/28 | €13,644 | €3,351 | -€10,292 | -75.4% |
| Tangible fixed assets | 22/27 | €13,644 | €3,351 | -€10,292 | -75.4% |
| Land and buildings | 22 | €848 | €566 | -€283 | -33.3% |
| Plant, machinery and equipment | 23 | €12,795 | €2,786 | -€10,010 | -78.2% |
| Current assets | 29/58 | €229,047 | €161,062 | -€67,985 | -29.7% |
| Amounts receivable within one year | 40/41 | €228,053 | €160,424 | -€67,629 | -29.7% |
| Trade receivables | 40 | €129,239 | €69,743 | -€59,496 | -46.0% |
| Other amounts receivable | 41 | €98,814 | €90,681 | -€8,133 | -8.2% |
| Cash at bank and in hand | 54/58 | €994 | €638 | -€356 | -35.8% |
| Total equity and liabilities | 10/49 | €242,691 | €164,413 | -€78,278 | -32.3% |
| Equity | 10/15 | -€378,570 | €130,529 | +€509,099 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€400,570 | €108,529 | +€509,099 | |
| Amounts payable | 17/49 | €621,261 | €33,884 | -€587,377 | -94.5% |
| Amounts payable after more than one year | 17 | €580,106 | €637 | -€579,468 | -99.9% |
| Financial debts | 170/4 | €8,207 | €637 | -€7,570 | -92.2% |
| Other amounts payable | 178/9 | €571,899 | - | -€571,899 | |
| Amounts payable within one year | 42/48 | €41,156 | €33,247 | -€7,909 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €7,426 | €7,570 | +€143 | +1.9% |
| Trade debts | 44 | €24,207 | €17,291 | -€6,916 | -28.6% |
| Suppliers | 440/4 | €24,207 | €17,291 | -€6,916 | -28.6% |
| Taxes, remuneration and social security | 45 | €36 | - | -€36 | |
| Taxes | 450/3 | €36 | - | -€36 | |
| Other amounts payable | 47/48 | €9,487 | €8,387 | -€1,100 | -11.6% |
| Non-recurring operating income | 76A | - | €596,502 | +€596,502 | |
| Remuneration, social security and pensions | 62 | €316 | €262 | -€54 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,366 | €10,292 | -€1,073 | -9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€8,534 | -€8,534 | |
| Other operating charges | 640/8 | €14,841 | €80,204 | +€65,363 | +440% |
| Gross operating margin | 9900 | -€7,646 | €592,079 | +€599,726 | |
| Operating profit (loss) | 9901 | -€34,169 | €509,855 | +€544,024 | |
| Financial income | 75/76B | €416 | €270 | -€146 | -35.1% |
| Recurring financial income | 75 | €416 | €270 | -€146 | -35.1% |
| Financial charges | 65/66B | €693 | €1,026 | +€333 | +48.0% |
| Recurring financial charges | 65 | €693 | €1,026 | +€333 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | -€34,446 | €509,099 | +€543,546 | |
| Profit (loss) for the period | 9904 | -€34,446 | €509,099 | +€543,546 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,446 | €509,099 | +€543,546 |
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 31 October 2026 via checked.be.