ADT Trans: 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 Trans
Largest movements
- Tangible fixed assets +€158,709
up €158,709 (+107%), from €147,874 to €306,583
of which Leasing and similar rights: +€165,531
- Cash +€5,677
up €5,677 (+205%), from €2,774 to €8,451
mainly Debts after one year (+€129,070) and Depreciation (+€54,912)
- Receivables within one year +€5,645
up €5,645 (+21.9%), from €25,790 to €31,436
of which Trade receivables: +€3,645
- Debts after one year +€129,070
up €129,070 (+243%), from €53,040 to €182,111
- Reserves +€30,888
up €30,888 (+6,316%), from €489 to €31,377
- Current portion of long-term debt +€12,973
up €12,973 (+29.6%), from €43,791 to €56,765
- Other debts +€5,004
up €5,004 (+9.5%), from €52,812 to €57,816
- Tax, wage and social debts -€4,190
down €4,190 (-43.6%), from €9,608 to €5,418
of which Taxes: -€5,370
- Gross operating margin +€34,128
up €34,128 (+51.8%), from €65,854 to €99,981
- Depreciation +€19,569
up €19,569 (+55.4%), from €35,343 to €54,912
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 | €179,290 | €352,306 | +€173,015 | +96.5% |
| Fixed assets | 21/28 | €148,009 | €306,718 | +€158,709 | +107% |
| Tangible fixed assets | 22/27 | €147,874 | €306,583 | +€158,709 | +107% |
| Plant, machinery and equipment | 23 | €22,992 | €20,669 | -€2,323 | -10.1% |
| Furniture and vehicles | 24 | €33,447 | €28,948 | -€4,499 | -13.5% |
| Leasing and similar rights | 25 | €91,435 | €256,966 | +€165,531 | +181% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €31,282 | €45,588 | +€14,306 | +45.7% |
| Stocks and contracts in progress | 3 | €2,693 | €2,870 | +€176 | +6.5% |
| Stocks | 30/36 | €2,693 | €2,870 | +€176 | +6.5% |
| Amounts receivable within one year | 40/41 | €25,790 | €31,436 | +€5,645 | +21.9% |
| Trade receivables | 40 | €25,790 | €29,436 | +€3,645 | +14.1% |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €2,774 | €8,451 | +€5,677 | +205% |
| Deferred charges and accrued income | 490/1 | €24 | €2,832 | +€2,808 | +11,715% |
| Total equity and liabilities | 10/49 | €179,290 | €352,306 | +€173,015 | +96.5% |
| Equity | 10/15 | €5,489 | €36,377 | +€30,888 | +563% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €489 | €31,377 | +€30,888 | +6,316% |
| Distributable reserves | 133 | €489 | €31,377 | +€30,888 | +6,316% |
| Amounts payable | 17/49 | €173,801 | €315,929 | +€142,128 | +81.8% |
| Amounts payable after more than one year | 17 | €53,040 | €182,111 | +€129,070 | +243% |
| Financial debts | 170/4 | €53,040 | €182,111 | +€129,070 | +243% |
| Amounts payable within one year | 42/48 | €120,761 | €133,818 | +€13,058 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €43,791 | €56,765 | +€12,973 | +29.6% |
| Financial debts | 43 | - | €1,353 | +€1,353 | |
| Credit institutions | 430/8 | - | €1,353 | +€1,353 | |
| Trade debts | 44 | €14,549 | €12,466 | -€2,083 | -14.3% |
| Suppliers | 440/4 | €14,549 | €12,466 | -€2,083 | -14.3% |
| Taxes, remuneration and social security | 45 | €9,608 | €5,418 | -€4,190 | -43.6% |
| Taxes | 450/3 | €9,608 | €4,239 | -€5,370 | -55.9% |
| Remuneration and social security | 454/9 | - | €1,180 | +€1,180 | |
| Other amounts payable | 47/48 | €52,812 | €57,816 | +€5,004 | +9.5% |
| Non-recurring operating income | 76A | - | €34,565 | +€34,565 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,343 | €54,912 | +€19,569 | +55.4% |
| Other operating charges | 640/8 | €1,401 | €1,777 | +€376 | +26.9% |
| Gross operating margin | 9900 | €65,854 | €99,981 | +€34,128 | +51.8% |
| Operating profit (loss) | 9901 | €29,109 | €43,292 | +€14,183 | +48.7% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €8,514 | €7,931 | -€583 | -6.8% |
| Recurring financial charges | 65 | €8,514 | €7,931 | -€583 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €20,596 | €35,377 | +€14,781 | +71.8% |
| Income taxes | 67/77 | €5,477 | €4,489 | -€988 | -18.0% |
| Profit (loss) for the period | 9904 | €15,119 | €30,888 | +€15,769 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €15,119 | €30,888 | +€15,769 | +104% |
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 13 October 2026 via checked.be.