ADT: 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.
ADT
Largest movements
- Cash +€29,301
up €29,301 (+25.9%), from €113,018 to €142,320
mainly Debts after one year (+€131,382) and Net result for the year (+€50,585)
- Tangible fixed assets +€6,288
up €6,288 (+3.3%), from €191,075 to €197,363
- Receivables within one year -€5,752
down €5,752 (-12.0%), from €47,854 to €42,102
of which Other amounts receivable: -€26,467
- Trade debts -€185,996
down €185,996 (-76.6%), from €242,946 to €56,951
- Debts after one year +€131,382
new in 2025: €131,382
- Profit (loss) carried forward +€50,585
up €50,585 (+59.6%), from €84,832 to €135,417
- Current portion of long-term debt +€26,276
new in 2025: €26,276
- Tax, wage and social debts +€4,897
up €4,897 (+41.3%), from €11,862 to €16,759
- Gross operating margin +€29,221
up €29,221 (+49.3%), from €59,291 to €88,512
- Depreciation +€19,006
up €19,006 (+2694.0%), from €706 to €19,712
- Financial charges +€4,903
up €4,903 (+17522.7%), from €28 to €4,931
- Taxes +€4,515
up €4,515 (+52.4%), from €8,622 to €13,137
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 | €351,947 | €381,785 | +€29,838 | +8.5% |
| Fixed assets | 21/28 | €191,075 | €197,363 | +€6,288 | +3.3% |
| Tangible fixed assets | 22/27 | €191,075 | €197,363 | +€6,288 | +3.3% |
| Plant, machinery and equipment | 23 | €191,075 | €197,363 | +€6,288 | +3.3% |
| Current assets | 29/58 | €160,872 | €184,422 | +€23,550 | +14.6% |
| Amounts receivable within one year | 40/41 | €47,854 | €42,102 | -€5,752 | -12.0% |
| Trade receivables | 40 | €5,024 | €25,739 | +€20,715 | +412.4% |
| Other amounts receivable | 41 | €42,830 | €16,363 | -€26,467 | -61.8% |
| Cash at bank and in hand | 54/58 | €113,018 | €142,320 | +€29,301 | +25.9% |
| Total equity and liabilities | 10/49 | €351,947 | €381,785 | +€29,838 | +8.5% |
| Equity | 10/15 | €94,832 | €145,417 | +€50,585 | +53.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,832 | €135,417 | +€50,585 | +59.6% |
| Amounts payable | 17/49 | €257,115 | €236,368 | -€20,747 | -8.1% |
| Amounts payable after more than one year | 17 | - | €131,382 | +€131,382 | |
| Financial debts | 170/4 | - | €131,382 | +€131,382 | |
| Amounts payable within one year | 42/48 | €257,115 | €104,986 | -€152,129 | -59.2% |
| Current portion of amounts payable after more than one year | 42 | - | €26,276 | +€26,276 | |
| Trade debts | 44 | €242,946 | €56,951 | -€185,996 | -76.6% |
| Suppliers | 440/4 | €242,946 | €56,951 | -€185,996 | -76.6% |
| Taxes, remuneration and social security | 45 | €11,862 | €16,759 | +€4,897 | +41.3% |
| Taxes | 450/3 | €11,862 | €16,759 | +€4,897 | +41.3% |
| Other amounts payable | 47/48 | €2,307 | €5,000 | +€2,693 | +116.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €706 | €19,712 | +€19,006 | +2694.0% |
| Other operating charges | 640/8 | €934 | €148 | -€787 | -84.2% |
| Gross operating margin | 9900 | €59,291 | €88,512 | +€29,221 | +49.3% |
| Operating profit (loss) | 9901 | €57,652 | €68,653 | +€11,001 | +19.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €28 | €4,931 | +€4,903 | +17522.7% |
| Recurring financial charges | 65 | €28 | €4,931 | +€4,903 | +17522.7% |
| Profit (loss) for the period before taxes | 9903 | €57,624 | €63,722 | +€6,098 | +10.6% |
| Income taxes | 67/77 | €8,622 | €13,137 | +€4,515 | +52.4% |
| Profit (loss) for the period | 9904 | €49,002 | €50,585 | +€1,583 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,002 | €50,585 | +€1,583 | +3.2% |
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 12 October 2026 via checked.be.