ADSALCO: 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.
ADSALCO
Largest movements
- Cash -€2,934
down €2,934 (-91.4%), from €3,210 to €276
mainly Tax, wage and social debts (-€2,964) and Receivables within one year (-€1,285)
- Tax, wage and social debts -€2,964
down €2,964 (-93.4%), from €3,175 to €211
- Trade debts +€1,350
new in 2025: €1,350
- Gross operating margin -€2,096
down €2,096 (-74.7%), from €2,806 to €710
- Taxes -€191
down €191 (-100%), from €191 to €0
- Other operating charges +€36
up €36 (+6.9%), from €528 to €564
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 | €129,441 | €127,793 | -€1,648 | -1.3% |
| Current assets | 29/58 | €129,441 | €127,793 | -€1,648 | -1.3% |
| Amounts receivable after more than one year | 29 | €107,500 | €107,500 | = | 0.0% |
| Other amounts receivable | 291 | €107,500 | €107,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,731 | €20,016 | +€1,285 | +6.9% |
| Other amounts receivable | 41 | €18,731 | €20,016 | +€1,285 | +6.9% |
| Cash at bank and in hand | 54/58 | €3,210 | €276 | -€2,934 | -91.4% |
| Total equity and liabilities | 10/49 | €129,441 | €127,793 | -€1,648 | -1.3% |
| Equity | 10/15 | €126,266 | €126,232 | -€34 | 0.0% |
| Contributions | 10/11 | €16,197 | €16,197 | = | 0.0% |
| Reserves | 13 | €110,068 | €110,034 | -€34 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €106,209 | €106,175 | -€34 | 0.0% |
| Amounts payable | 17/49 | €3,175 | €1,561 | -€1,614 | -50.8% |
| Amounts payable within one year | 42/48 | €3,175 | €1,561 | -€1,614 | -50.8% |
| Trade debts | 44 | - | €1,350 | +€1,350 | |
| Suppliers | 440/4 | - | €1,350 | +€1,350 | |
| Taxes, remuneration and social security | 45 | €3,175 | €211 | -€2,964 | -93.4% |
| Taxes | 450/3 | €3,175 | €211 | -€2,964 | -93.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €528 | €564 | +€36 | +6.9% |
| Gross operating margin | 9900 | €2,806 | €710 | -€2,096 | -74.7% |
| Operating profit (loss) | 9901 | €2,278 | €146 | -€2,132 | -93.6% |
| Financial charges | 65/66B | €180 | €180 | = | 0.0% |
| Recurring financial charges | 65 | €180 | €180 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €2,098 | -€34 | -€2,132 | |
| Income taxes | 67/77 | €191 | €0 | -€191 | -100% |
| Profit (loss) for the period | 9904 | €1,907 | -€34 | -€1,941 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,907 | -€34 | -€1,941 |
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 13 October 2026 via checked.be.