ADSON: 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.
ADSON
Largest movements
- Receivables within one year -€140,348
down €140,348 (-91.5%), from €153,352 to €13,005
of which Other amounts receivable: -€125,022
- Cash +€32,960
up €32,960 (+70.5%), from €46,761 to €79,721
mainly Receivables within one year (+€140,348) and Net result for the year (+€46,525)
- Tangible fixed assets +€17,240
up €17,240 (+256.4%), from €6,724 to €23,964
of which Other tangible fixed assets: +€21,265
- Current investments -€10,038
down €10,038 (-22.3%), from €44,985 to €34,947
- Reserves -€69,131
down €69,131 (-42.5%), from €162,481 to €93,350
of which Distributable reserves: -€69,131
- Contributions -€60,000
down €60,000 (-100.0%), from €60,000 to €0
- Other debts +€31,540
up €31,540, from €0 to €31,540
- Trade debts -€22,185
down €22,185 (-67.5%), from €32,861 to €10,676
- Debts after one year +€13,937
up €13,937, from €0 to €13,937
- Depreciation -€22,305
down €22,305 (-84.2%), from €26,496 to €4,191
- Gross operating margin +€11,760
up €11,760 (+22.8%), from €51,565 to €63,326
- Taxes +€5,765
up €5,765 (+91.9%), from €6,270 to €12,035
- Financial charges -€2,443
down €2,443 (-65.8%), from €3,712 to €1,269
- Financial income +€965
up €965 (+65.7%), from €1,469 to €2,434
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 | €270,635 | €171,058 | -€99,578 | -36.8% |
| Fixed assets | 21/28 | €6,724 | €23,964 | +€17,240 | +256.4% |
| Tangible fixed assets | 22/27 | €6,724 | €23,964 | +€17,240 | +256.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €632 | €218 | -€413 | -65.4% |
| Furniture and vehicles | 24 | €6,092 | €2,480 | -€3,612 | -59.3% |
| Other tangible fixed assets | 26 | - | €21,265 | +€21,265 | |
| Current assets | 29/58 | €263,911 | €147,094 | -€116,817 | -44.3% |
| Amounts receivable within one year | 40/41 | €153,352 | €13,005 | -€140,348 | -91.5% |
| Trade receivables | 40 | €27,887 | €12,561 | -€15,326 | -55.0% |
| Other amounts receivable | 41 | €125,466 | €444 | -€125,022 | -99.6% |
| Current investments | 50/53 | €44,985 | €34,947 | -€10,038 | -22.3% |
| Cash at bank and in hand | 54/58 | €46,761 | €79,721 | +€32,960 | +70.5% |
| Deferred charges and accrued income | 490/1 | €18,813 | €19,422 | +€609 | +3.2% |
| Total equity and liabilities | 10/49 | €270,635 | €171,058 | -€99,578 | -36.8% |
| Equity | 10/15 | €222,481 | €93,350 | -€129,131 | -58.0% |
| Contributions | 10/11 | €60,000 | €0 | -€60,000 | -100.0% |
| Reserves | 13 | €162,481 | €93,350 | -€69,131 | -42.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €162,481 | €93,350 | -€69,131 | -42.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €48,154 | €77,708 | +€29,554 | +61.4% |
| Amounts payable after more than one year | 17 | €0 | €13,937 | +€13,937 | |
| Financial debts | 170/4 | €0 | €13,937 | +€13,937 | |
| Amounts payable within one year | 42/48 | €48,154 | €63,771 | +€15,617 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €9,445 | €7,931 | -€1,514 | -16.0% |
| Trade debts | 44 | €32,861 | €10,676 | -€22,185 | -67.5% |
| Suppliers | 440/4 | €32,861 | €10,676 | -€22,185 | -67.5% |
| Taxes, remuneration and social security | 45 | €5,848 | €13,623 | +€7,775 | +132.9% |
| Taxes | 450/3 | €5,848 | €13,623 | +€7,775 | +132.9% |
| Other amounts payable | 47/48 | €0 | €31,540 | +€31,540 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,496 | €4,191 | -€22,305 | -84.2% |
| Other operating charges | 640/8 | €1,388 | €1,739 | +€351 | +25.3% |
| Gross operating margin | 9900 | €51,565 | €63,326 | +€11,760 | +22.8% |
| Operating profit (loss) | 9901 | €23,682 | €57,395 | +€33,714 | +142.4% |
| Financial income | 75/76B | €1,469 | €2,434 | +€965 | +65.7% |
| Recurring financial income | 75 | €1,469 | €2,434 | +€965 | +65.7% |
| Financial charges | 65/66B | €3,712 | €1,269 | -€2,443 | -65.8% |
| Recurring financial charges | 65 | €3,712 | €1,269 | -€2,443 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €21,438 | €58,560 | +€37,122 | +173.2% |
| Income taxes | 67/77 | €6,270 | €12,035 | +€5,765 | +91.9% |
| Profit (loss) for the period | 9904 | €15,168 | €46,525 | +€31,357 | +206.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,168 | €46,525 | +€31,357 | +206.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.