ADSON: 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.
ADSON
Largest movements
- Tangible fixed assets -€28,961
down €28,961 (-46.2%), from €62,640 to €33,679
of which Furniture and vehicles: -€34,196
- Cash +€13,880
new in 2025: €13,880
mainly Investment in fixed assets (net) (+€18,430) and Net result for the year (+€16,415)
- Receivables within one year +€5,195
up €5,195 (+11.4%), from €45,458 to €50,653
of which Other amounts receivable: +€11,602
- Receivables after one year -€2,400
down €2,400 (-3.0%), from €79,174 to €76,774
- Profit (loss) carried forward +€16,415
up €16,415 (+192%), from €8,559 to €24,974
- Other debts -€15,000
down €15,000 (-100%), from €15,000 to €0
- Debts after one year -€14,940
down €14,940 (-35.4%), from €42,206 to €27,265
- Short-term financial debts +€10,529
up €10,529 (+235%), from €4,471 to €15,000
- Tax, wage and social debts -€6,937
down €6,937 (-44.4%), from €15,627 to €8,690
of which Taxes: -€9,437
- Depreciation -€6,097
down €6,097 (-36.7%), from €16,628 to €10,531
- Gross operating margin -€6,053
down €6,053 (-13.1%), from €46,143 to €40,090
- Financial charges +€2,209
up €2,209 (+29.4%), from €7,508 to €9,717
- Taxes -€2,127
down €2,127 (-34.5%), from €6,156 to €4,029
- Other operating charges +€1,715
up €1,715 (+70.5%), from €2,434 to €4,148
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 | €192,731 | €180,181 | -€12,550 | -6.5% |
| Fixed assets | 21/28 | €62,640 | €33,679 | -€28,961 | -46.2% |
| Tangible fixed assets | 22/27 | €62,640 | €33,679 | -€28,961 | -46.2% |
| Plant, machinery and equipment | 23 | €4,609 | €9,844 | +€5,235 | +114% |
| Furniture and vehicles | 24 | €58,031 | €23,835 | -€34,196 | -58.9% |
| Current assets | 29/58 | €130,091 | €146,502 | +€16,411 | +12.6% |
| Amounts receivable after more than one year | 29 | €79,174 | €76,774 | -€2,400 | -3.0% |
| Other amounts receivable | 291 | €79,174 | €76,774 | -€2,400 | -3.0% |
| Amounts receivable within one year | 40/41 | €45,458 | €50,653 | +€5,195 | +11.4% |
| Trade receivables | 40 | €37,341 | €30,934 | -€6,407 | -17.2% |
| Other amounts receivable | 41 | €8,117 | €19,719 | +€11,602 | +143% |
| Cash at bank and in hand | 54/58 | - | €13,880 | +€13,880 | |
| Deferred charges and accrued income | 490/1 | €5,458 | €5,194 | -€264 | -4.8% |
| Total equity and liabilities | 10/49 | €192,731 | €180,181 | -€12,550 | -6.5% |
| Equity | 10/15 | €88,259 | €104,674 | +€16,415 | +18.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €73,199 | €73,199 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,950 | €0 | -€1,950 | -100% |
| Reserves not available under the articles | 1311 | €1,950 | €0 | -€1,950 | -100% |
| Tax-exempt reserves | 132 | €4,678 | €4,678 | = | 0.0% |
| Distributable reserves | 133 | €66,571 | €68,521 | +€1,950 | +2.9% |
| Profit (loss) carried forward | 14 | €8,559 | €24,974 | +€16,415 | +192% |
| Amounts payable | 17/49 | €104,472 | €75,507 | -€28,965 | -27.7% |
| Amounts payable after more than one year | 17 | €42,206 | €27,265 | -€14,940 | -35.4% |
| Financial debts | 170/4 | €42,206 | €27,265 | -€14,940 | -35.4% |
| Amounts payable within one year | 42/48 | €61,244 | €48,242 | -€13,002 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €14,311 | €14,940 | +€629 | +4.4% |
| Financial debts | 43 | €4,471 | €15,000 | +€10,529 | +235% |
| Credit institutions | 430/8 | €4,471 | €15,000 | +€10,529 | +235% |
| Trade debts | 44 | €11,834 | €9,611 | -€2,223 | -18.8% |
| Suppliers | 440/4 | €11,834 | €9,611 | -€2,223 | -18.8% |
| Taxes, remuneration and social security | 45 | €15,627 | €8,690 | -€6,937 | -44.4% |
| Taxes | 450/3 | €15,627 | €6,190 | -€9,437 | -60.4% |
| Remuneration and social security | 454/9 | €0 | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €15,000 | €0 | -€15,000 | -100% |
| Accrued charges and deferred income | 492/3 | €1,022 | €0 | -€1,022 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,628 | €10,531 | -€6,097 | -36.7% |
| Other operating charges | 640/8 | €2,434 | €4,148 | +€1,715 | +70.5% |
| Gross operating margin | 9900 | €46,143 | €40,090 | -€6,053 | -13.1% |
| Operating profit (loss) | 9901 | €27,081 | €25,411 | -€1,670 | -6.2% |
| Financial income | 75/76B | €5,458 | €4,751 | -€707 | -13.0% |
| Recurring financial income | 75 | €5,458 | €4,751 | -€707 | -13.0% |
| Financial charges | 65/66B | €7,508 | €9,717 | +€2,209 | +29.4% |
| Recurring financial charges | 65 | €7,508 | €9,717 | +€2,209 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €25,031 | €20,444 | -€4,587 | -18.3% |
| Income taxes | 67/77 | €6,156 | €4,029 | -€2,127 | -34.5% |
| Profit (loss) for the period | 9904 | €18,876 | €16,415 | -€2,461 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,876 | €16,415 | -€2,461 | -13.0% |
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.