ADT FD: 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 FD
Largest movements
- Deferred charges and accrued income -€50,963
down €50,963 (-24.2%), from €210,963 to €160,000
- Receivables within one year +€34,852
up €34,852 (+11.3%), from €309,495 to €344,348
of which Other amounts receivable: +€53,486
- Tangible fixed assets -€26,282
down €26,282 (-5.2%), from €507,603 to €481,321
of which Land and buildings: -€13,851
- Other debts -€32,801
down €32,801 (-7.8%), from €421,152 to €388,351
- Debts after one year -€30,300
down €30,300 (-9.4%), from €321,569 to €291,269
- Profit (loss) carried forward +€18,027
up €18,027 (+26.1%), from -€69,147 to -€51,120
- Gross operating margin -€10,790
down €10,790 (-14.2%), from €75,995 to €65,206
- Staff costs -€9,677
down €9,677, from €8,259 to -€1,418
- Other operating charges -€2,959
down €2,959 (-34.8%), from €8,493 to €5,535
- Financial charges -€1,805
down €1,805 (-10.2%), from €17,679 to €15,874
- Financial income -€1,315
down €1,315 (-100.0%), from €1,316 to €0
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,030,188 | €987,795 | -€42,393 | -4.1% |
| Fixed assets | 21/28 | €509,729 | €483,447 | -€26,282 | -5.2% |
| Tangible fixed assets | 22/27 | €507,603 | €481,321 | -€26,282 | -5.2% |
| Land and buildings | 22 | €476,224 | €462,372 | -€13,851 | -2.9% |
| Plant, machinery and equipment | 23 | €31,379 | €18,949 | -€12,431 | -39.6% |
| Financial fixed assets | 28 | €2,126 | €2,126 | = | 0.0% |
| Current assets | 29/58 | €520,459 | €504,348 | -€16,111 | -3.1% |
| Amounts receivable within one year | 40/41 | €309,495 | €344,348 | +€34,852 | +11.3% |
| Trade receivables | 40 | €48,582 | €29,948 | -€18,634 | -38.4% |
| Other amounts receivable | 41 | €260,913 | €314,400 | +€53,486 | +20.5% |
| Deferred charges and accrued income | 490/1 | €210,963 | €160,000 | -€50,963 | -24.2% |
| Total equity and liabilities | 10/49 | €1,030,188 | €987,795 | -€42,393 | -4.1% |
| Equity | 10/15 | €199,364 | €217,391 | +€18,027 | +9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €262,311 | €262,311 | = | 0.0% |
| Distributable reserves | 133 | €262,311 | €262,311 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,147 | -€51,120 | +€18,027 | +26.1% |
| Amounts payable | 17/49 | €830,824 | €770,403 | -€60,420 | -7.3% |
| Amounts payable after more than one year | 17 | €321,569 | €291,269 | -€30,300 | -9.4% |
| Financial debts | 170/4 | €321,569 | €291,269 | -€30,300 | -9.4% |
| Amounts payable within one year | 42/48 | €509,255 | €479,135 | -€30,120 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €33,272 | €30,300 | -€2,973 | -8.9% |
| Financial debts | 43 | €39,756 | €49,401 | +€9,645 | +24.3% |
| Credit institutions | 430/8 | €39,756 | €49,401 | +€9,645 | +24.3% |
| Trade debts | 44 | €8,700 | €8,138 | -€563 | -6.5% |
| Suppliers | 440/4 | €8,700 | €8,138 | -€563 | -6.5% |
| Taxes, remuneration and social security | 45 | €6,374 | €2,946 | -€3,429 | -53.8% |
| Taxes | 450/3 | €5,863 | €2,946 | -€2,917 | -49.8% |
| Remuneration and social security | 454/9 | €511 | - | -€511 | |
| Other amounts payable | 47/48 | €421,152 | €388,351 | -€32,801 | -7.8% |
| Remuneration, social security and pensions | 62 | €8,259 | -€1,418 | -€9,677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,672 | €26,282 | -€390 | -1.5% |
| Other operating charges | 640/8 | €8,493 | €5,535 | -€2,959 | -34.8% |
| Non-recurring operating charges | 66A | - | €905 | +€905 | |
| Gross operating margin | 9900 | €75,995 | €65,206 | -€10,790 | -14.2% |
| Operating profit (loss) | 9901 | €32,571 | €33,901 | +€1,331 | +4.1% |
| Financial income | 75/76B | €1,316 | €0 | -€1,315 | -100.0% |
| Recurring financial income | 75 | €1,316 | €0 | -€1,315 | -100.0% |
| Financial charges | 65/66B | €17,679 | €15,874 | -€1,805 | -10.2% |
| Recurring financial charges | 65 | €17,679 | €15,874 | -€1,805 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €16,207 | €18,027 | +€1,820 | +11.2% |
| Profit (loss) for the period | 9904 | €16,207 | €18,027 | +€1,820 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,207 | €18,027 | +€1,820 | +11.2% |
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 15 October 2026 via checked.be.