ADS TECHNICS: 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 TECHNICS
Largest movements
- Receivables within one year +€14,932
up €14,932 (+42.1%), from €35,456 to €50,388
of which Trade receivables: +€11,829
- Tangible fixed assets -€9,558
down €9,558 (-36.8%), from €25,977 to €16,419
of which Leasing and similar rights: -€9,558
- Cash -€5,303
down €5,303 (-46.9%), from €11,314 to €6,011
mainly Receivables within one year (-€14,932) and Other debts (-€11,038)
- Other debts -€11,038
no longer reported in 2025 (was €11,038)
- Short-term financial debts +€10,000
up €10,000 (+100.0%), from €10,000 to €20,000
- Debts after one year -€9,251
down €9,251 (-59.2%), from €15,637 to €6,386
- Reserves +€7,500
up €7,500 (+60.7%), from €12,350 to €19,850
- Financial income +€2,356
up €2,356 (+1096.8%), from €215 to €2,571
- Gross operating margin -€824
down €824 (-4.0%), from €20,728 to €19,904
- Financial charges -€807
down €807 (-21.3%), from €3,792 to €2,986
- Other operating charges -€538
down €538 (-27.2%), from €1,974 to €1,436
- Taxes +€243
up €243 (+37.6%), from €647 to €891
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 | €127,002 | €125,988 | -€1,014 | -0.8% |
| Fixed assets | 21/28 | €25,977 | €16,419 | -€9,558 | -36.8% |
| Tangible fixed assets | 22/27 | €25,977 | €16,419 | -€9,558 | -36.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Leasing and similar rights | 25 | €25,977 | €16,419 | -€9,558 | -36.8% |
| Current assets | 29/58 | €101,025 | €109,569 | +€8,544 | +8.5% |
| Stocks and contracts in progress | 3 | €54,255 | €53,169 | -€1,086 | -2.0% |
| Stocks | 30/36 | €15,014 | €23,169 | +€8,155 | +54.3% |
| Contracts in progress | 37 | €39,241 | €30,000 | -€9,241 | -23.5% |
| Amounts receivable within one year | 40/41 | €35,456 | €50,388 | +€14,932 | +42.1% |
| Trade receivables | 40 | €29,653 | €41,482 | +€11,829 | +39.9% |
| Other amounts receivable | 41 | €5,803 | €8,906 | +€3,103 | +53.5% |
| Cash at bank and in hand | 54/58 | €11,314 | €6,011 | -€5,303 | -46.9% |
| Total equity and liabilities | 10/49 | €127,002 | €125,988 | -€1,014 | -0.8% |
| Equity | 10/15 | €38,084 | €45,688 | +€7,604 | +20.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,350 | €19,850 | +€7,500 | +60.7% |
| Distributable reserves | 133 | €12,350 | €19,850 | +€7,500 | +60.7% |
| Profit (loss) carried forward | 14 | €7,142 | €7,246 | +€104 | +1.5% |
| Amounts payable | 17/49 | €88,918 | €80,300 | -€8,618 | -9.7% |
| Amounts payable after more than one year | 17 | €15,637 | €6,386 | -€9,251 | -59.2% |
| Financial debts | 170/4 | €15,637 | €6,386 | -€9,251 | -59.2% |
| Amounts payable within one year | 42/48 | €72,884 | €73,515 | +€631 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €8,873 | €9,251 | +€379 | +4.3% |
| Financial debts | 43 | €10,000 | €20,000 | +€10,000 | +100.0% |
| Credit institutions | 430/8 | €10,000 | €20,000 | +€10,000 | +100.0% |
| Trade debts | 44 | €41,426 | €42,226 | +€799 | +1.9% |
| Suppliers | 440/4 | €41,426 | €42,226 | +€799 | +1.9% |
| Taxes, remuneration and social security | 45 | €1,547 | €2,038 | +€491 | +31.7% |
| Taxes | 450/3 | €1,547 | €2,038 | +€491 | +31.7% |
| Other amounts payable | 47/48 | €11,038 | - | -€11,038 | |
| Accrued charges and deferred income | 492/3 | €397 | €399 | +€2 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,558 | €9,558 | = | 0.0% |
| Other operating charges | 640/8 | €1,974 | €1,436 | -€538 | -27.2% |
| Gross operating margin | 9900 | €20,728 | €19,904 | -€824 | -4.0% |
| Operating profit (loss) | 9901 | €9,196 | €8,910 | -€287 | -3.1% |
| Financial income | 75/76B | €215 | €2,571 | +€2,356 | +1096.8% |
| Recurring financial income | 75 | €215 | €2,571 | +€2,356 | +1096.8% |
| Financial charges | 65/66B | €3,792 | €2,986 | -€807 | -21.3% |
| Recurring financial charges | 65 | €3,792 | €2,986 | -€807 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €5,619 | €8,495 | +€2,876 | +51.2% |
| Income taxes | 67/77 | €647 | €891 | +€243 | +37.6% |
| Profit (loss) for the period | 9904 | €4,971 | €7,604 | +€2,633 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,971 | €7,604 | +€2,633 | +53.0% |
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 8 October 2026 via checked.be.