ADT DEVELOPMENT: 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 DEVELOPMENT
Largest movements
- Stocks and contracts +€1.1m
up €1.1m (+61.7%), from €1.8m to €3.0m
- Receivables within one year +€424,549
up €424,549 (+3100.3%), from €13,694 to €438,243
of which Trade receivables: +€226,782
- Deferred charges and accrued income +€174,080
up €174,080 (+534.0%), from €32,602 to €206,682
- Cash +€163,563
up €163,563 (+1584.3%), from €10,324 to €173,887
mainly Debts after one year (+€2.0m) and Trade debts (+€279,692)
- Debts after one year +€2.0m
up €2.0m (+196.1%), from €1.0m to €3.1m
- Short-term financial debts -€635,000
down €635,000 (-100.0%), from €635,000 to €0
- Trade debts +€279,692
up €279,692 (+285.1%), from €98,116 to €377,808
- Contributions +€150,000
up €150,000 (+243.9%), from €61,500 to €211,500
- Accrued charges and deferred income +€103,504
up €103,504 (+111.1%), from €93,157 to €196,661
- Purchases and services -€83,434
down €83,434 (-7.6%), from €1.1m to €1.0m
- Gross operating margin -€2,610
down €2,610 (-15.8%), from -€16,477 to -€19,087
- Other operating charges +€577
up €577 (+115.6%), from €499 to €1,077
- Financial charges -€495
down €495 (-43.3%), from €1,143 to €648
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 | €1,897,009 | €3,794,393 | +€1.9m | +100.0% |
| Current assets | 29/58 | €1,897,009 | €3,794,393 | +€1.9m | +100.0% |
| Stocks and contracts in progress | 3 | €1,840,389 | €2,975,581 | +€1.1m | +61.7% |
| Stocks | 30/36 | €1,840,389 | €2,975,581 | +€1.1m | +61.7% |
| Amounts receivable within one year | 40/41 | €13,694 | €438,243 | +€424,549 | +3100.3% |
| Trade receivables | 40 | €3,652 | €230,433 | +€226,782 | +6210.4% |
| Other amounts receivable | 41 | €10,042 | €207,810 | +€197,767 | +1969.3% |
| Cash at bank and in hand | 54/58 | €10,324 | €173,887 | +€163,563 | +1584.3% |
| Deferred charges and accrued income | 490/1 | €32,602 | €206,682 | +€174,080 | +534.0% |
| Total equity and liabilities | 10/49 | €1,897,009 | €3,794,393 | +€1.9m | +100.0% |
| Equity | 10/15 | €40,737 | €169,925 | +€129,188 | +317.1% |
| Contributions | 10/11 | €61,500 | €211,500 | +€150,000 | +243.9% |
| Capital | 10 | €61,500 | €211,500 | +€150,000 | +243.9% |
| Issued capital | 100 | €61,500 | €211,500 | +€150,000 | +243.9% |
| Profit (loss) carried forward | 14 | -€20,763 | -€41,575 | -€20,812 | -100.2% |
| Amounts payable | 17/49 | €1,856,272 | €3,624,468 | +€1.8m | +95.3% |
| Amounts payable after more than one year | 17 | €1,030,000 | €3,050,000 | +€2.0m | +196.1% |
| Financial debts | 170/4 | €1,030,000 | €3,050,000 | +€2.0m | +196.1% |
| Amounts payable within one year | 42/48 | €733,116 | €377,808 | -€355,308 | -48.5% |
| Financial debts | 43 | €635,000 | €0 | -€635,000 | -100.0% |
| Credit institutions | 430/8 | €635,000 | €0 | -€635,000 | -100.0% |
| Trade debts | 44 | €98,116 | €377,808 | +€279,692 | +285.1% |
| Suppliers | 440/4 | €98,116 | €377,808 | +€279,692 | +285.1% |
| Accrued charges and deferred income | 492/3 | €93,157 | €196,661 | +€103,504 | +111.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,096,613 | €1,013,179 | -€83,434 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €499 | €1,077 | +€577 | +115.6% |
| Gross operating margin | 9900 | -€16,477 | -€19,087 | -€2,610 | -15.8% |
| Operating profit (loss) | 9901 | -€16,977 | -€20,164 | -€3,187 | -18.8% |
| Financial charges | 65/66B | €1,143 | €648 | -€495 | -43.3% |
| Recurring financial charges | 65 | €1,143 | €648 | -€495 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,120 | -€20,812 | -€2,692 | -14.9% |
| Profit (loss) for the period | 9904 | -€18,120 | -€20,812 | -€2,692 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,120 | -€20,812 | -€2,692 | -14.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.