ADT CONSTRUCT: 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 CONSTRUCT
Largest movements
- Deferred charges and accrued income -€132,270
down €132,270 (-20.1%), from €658,345 to €526,075
- Receivables within one year +€123,693
up €123,693 (+58.9%), from €209,987 to €333,680
of which Trade receivables: +€109,043
- Tangible fixed assets -€22,430
down €22,430 (-24.7%), from €90,630 to €68,200
- Financial fixed assets +€16,500
up €16,500 (+25.8%), from €63,850 to €80,350
- Advances received -€77,035
down €77,035 (-67.3%), from €114,435 to €37,400
- Tax, wage and social debts +€32,658
up €32,658 (+54.5%), from €59,928 to €92,585
of which Taxes: +€34,317
- Profit (loss) carried forward +€19,511
up €19,511 (+7.2%), from €272,592 to €292,102
- Other debts +€17,719
up €17,719 (+308%), from €5,750 to €23,469
- Debts after one year -€12,075
down €12,075 (-36.4%), from €33,197 to €21,122
- Gross operating margin +€51,314
up €51,314 (+15.6%), from €329,012 to €380,325
- Other operating charges +€18,954
up €18,954 (+225%), from €8,432 to €27,385
- Financial charges +€13,115
up €13,115 (+30.7%), from €42,731 to €55,845
- Staff costs +€9,659
up €9,659 (+4.3%), from €222,842 to €232,501
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 | €1,079,127 | €1,054,261 | -€24,865 | -2.3% |
| Fixed assets | 21/28 | €154,480 | €148,550 | -€5,930 | -3.8% |
| Tangible fixed assets | 22/27 | €90,630 | €68,200 | -€22,430 | -24.7% |
| Furniture and vehicles | 24 | €90,630 | €68,200 | -€22,430 | -24.7% |
| Financial fixed assets | 28 | €63,850 | €80,350 | +€16,500 | +25.8% |
| Current assets | 29/58 | €924,646 | €905,711 | -€18,935 | -2.0% |
| Stocks and contracts in progress | 3 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Stocks | 30/36 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Amounts receivable within one year | 40/41 | €209,987 | €333,680 | +€123,693 | +58.9% |
| Trade receivables | 40 | €155,611 | €264,654 | +€109,043 | +70.1% |
| Other amounts receivable | 41 | €54,376 | €69,026 | +€14,650 | +26.9% |
| Cash at bank and in hand | 54/58 | €6,314 | €5,956 | -€358 | -5.7% |
| Deferred charges and accrued income | 490/1 | €658,345 | €526,075 | -€132,270 | -20.1% |
| Total equity and liabilities | 10/49 | €1,079,127 | €1,054,261 | -€24,865 | -2.3% |
| Equity | 10/15 | €343,052 | €362,562 | +€19,511 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Distributable reserves | 133 | €51,860 | €51,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €272,592 | €292,102 | +€19,511 | +7.2% |
| Amounts payable | 17/49 | €736,075 | €691,699 | -€44,376 | -6.0% |
| Amounts payable after more than one year | 17 | €33,197 | €21,122 | -€12,075 | -36.4% |
| Financial debts | 170/4 | €33,197 | €21,122 | -€12,075 | -36.4% |
| Amounts payable within one year | 42/48 | €702,878 | €670,576 | -€32,301 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €11,182 | €12,075 | +€893 | +8.0% |
| Financial debts | 43 | €159,781 | €159,506 | -€275 | -0.2% |
| Credit institutions | 430/8 | €159,781 | €159,506 | -€275 | -0.2% |
| Trade debts | 44 | €351,802 | €345,541 | -€6,261 | -1.8% |
| Suppliers | 440/4 | €351,802 | €345,541 | -€6,261 | -1.8% |
| Advances received on contracts in progress | 46 | €114,435 | €37,400 | -€77,035 | -67.3% |
| Taxes, remuneration and social security | 45 | €59,928 | €92,585 | +€32,658 | +54.5% |
| Taxes | 450/3 | €13,239 | €47,556 | +€34,317 | +259% |
| Remuneration and social security | 454/9 | €46,688 | €45,030 | -€1,659 | -3.6% |
| Other amounts payable | 47/48 | €5,750 | €23,469 | +€17,719 | +308% |
| Remuneration, social security and pensions | 62 | €222,842 | €232,501 | +€9,659 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,785 | €30,740 | -€1,044 | -3.3% |
| Other operating charges | 640/8 | €8,432 | €27,385 | +€18,954 | +225% |
| Gross operating margin | 9900 | €329,012 | €380,325 | +€51,314 | +15.6% |
| Operating profit (loss) | 9901 | €65,953 | €89,699 | +€23,745 | +36.0% |
| Financial income | 75/76B | €648 | €0 | -€648 | -100% |
| Recurring financial income | 75 | €648 | €0 | -€648 | -100% |
| Financial charges | 65/66B | €42,731 | €55,845 | +€13,115 | +30.7% |
| Recurring financial charges | 65 | €42,731 | €55,845 | +€13,115 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €23,871 | €33,853 | +€9,982 | +41.8% |
| Income taxes | 67/77 | €13,239 | €14,342 | +€1,103 | +8.3% |
| Profit (loss) for the period | 9904 | €10,631 | €19,511 | +€8,879 | +83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,631 | €19,511 | +€8,879 | +83.5% |
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.