ADS TRANS: 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 TRANS
Largest movements
- Receivables within one year -€25,500
down €25,500 (-53.0%), from €48,145 to €22,645
of which Trade receivables: -€22,999
- Deferred charges and accrued income +€6,818
up €6,818 (+83.5%), from €8,168 to €14,986
- Tangible fixed assets +€1,642
up €1,642 (+71.7%), from €2,291 to €3,933
of which Plant, machinery and equipment: +€1,652
- Trade debts -€23,543
down €23,543 (-66.1%), from €35,633 to €12,090
- Tax, wage and social debts +€3,557
up €3,557 (+102%), from €3,495 to €7,052
of which Remuneration and social security: +€4,531
- Profit (loss) carried forward +€3,484
up €3,484 (+10.9%), from €31,829 to €35,313
- Gross operating margin -€11,065
down €11,065 (-44.5%), from €24,850 to €13,785
- Financial charges -€4,637
down €4,637 (-44.1%), from €10,514 to €5,877
- Taxes -€1,630
down €1,630 (-46.6%), from €3,495 to €1,866
- Depreciation +€525
up €525 (+33.4%), from €1,573 to €2,098
- Other operating charges -€457
down €457 (-31.2%), from €1,466 to €1,010
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 | €75,957 | €59,455 | -€16,502 | -21.7% |
| Fixed assets | 21/28 | €2,291 | €3,933 | +€1,642 | +71.7% |
| Tangible fixed assets | 22/27 | €2,291 | €3,933 | +€1,642 | +71.7% |
| Plant, machinery and equipment | 23 | - | €1,652 | +€1,652 | |
| Furniture and vehicles | 24 | €2,291 | €2,281 | -€10 | -0.4% |
| Current assets | 29/58 | €73,666 | €55,522 | -€18,144 | -24.6% |
| Amounts receivable within one year | 40/41 | €48,145 | €22,645 | -€25,500 | -53.0% |
| Trade receivables | 40 | €34,617 | €11,618 | -€22,999 | -66.4% |
| Other amounts receivable | 41 | €13,528 | €11,027 | -€2,501 | -18.5% |
| Cash at bank and in hand | 54/58 | €17,353 | €17,891 | +€538 | +3.1% |
| Deferred charges and accrued income | 490/1 | €8,168 | €14,986 | +€6,818 | +83.5% |
| Total equity and liabilities | 10/49 | €75,957 | €59,455 | -€16,502 | -21.7% |
| Equity | 10/15 | €36,829 | €40,313 | +€3,484 | +9.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,829 | €35,313 | +€3,484 | +10.9% |
| Amounts payable | 17/49 | €39,128 | €19,142 | -€19,986 | -51.1% |
| Amounts payable within one year | 42/48 | €39,128 | €19,142 | -€19,986 | -51.1% |
| Trade debts | 44 | €35,633 | €12,090 | -€23,543 | -66.1% |
| Suppliers | 440/4 | €35,633 | €12,090 | -€23,543 | -66.1% |
| Taxes, remuneration and social security | 45 | €3,495 | €7,052 | +€3,557 | +102% |
| Taxes | 450/3 | €3,495 | €2,521 | -€974 | -27.9% |
| Remuneration and social security | 454/9 | - | €4,531 | +€4,531 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,573 | €2,098 | +€525 | +33.4% |
| Other operating charges | 640/8 | €1,466 | €1,010 | -€457 | -31.2% |
| Gross operating margin | 9900 | €24,850 | €13,785 | -€11,065 | -44.5% |
| Operating profit (loss) | 9901 | €21,811 | €10,677 | -€11,133 | -51.0% |
| Financial income | 75/76B | €240 | €549 | +€309 | +129% |
| Recurring financial income | 75 | €240 | €549 | +€309 | +129% |
| Financial charges | 65/66B | €10,514 | €5,877 | -€4,637 | -44.1% |
| Recurring financial charges | 65 | €10,514 | €5,877 | -€4,637 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €11,536 | €5,350 | -€6,187 | -53.6% |
| Income taxes | 67/77 | €3,495 | €1,866 | -€1,630 | -46.6% |
| Profit (loss) for the period | 9904 | €8,041 | €3,484 | -€4,557 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,041 | €3,484 | -€4,557 | -56.7% |
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 14 October 2026 via checked.be.