ADTechnics: 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.
ADTechnics
Largest movements
- Current investments +€249,009
up €249,009 (+249%), from €99,900 to €348,909
- Cash -€163,525
down €163,525 (-74.1%), from €220,575 to €57,049
mainly Current investments (-€249,009) and Contributions, distributions and other (-€74,767)
- Tangible fixed assets +€9,473
up €9,473 (+40.7%), from €23,286 to €32,759
- Other debts +€75,726
up €75,726 (+512%), from €14,776 to €90,502
- Reserves +€17,963
up €17,963 (+5.2%), from €348,652 to €366,615
- Financial income +€9,732
new in 2025: €9,732
of which Non-recurring financial income: +€5,373
- Gross operating margin +€6,200
up €6,200 (+4.1%), from €150,430 to €156,630
- Taxes +€5,116
up €5,116 (+12.3%), from €41,756 to €46,872
- Depreciation -€3,683
down €3,683 (-12.4%), from €29,675 to €25,992
- Financial charges -€1,914
down €1,914, from €783 to -€1,131
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 | €374,562 | €469,376 | +€94,814 | +25.3% |
| Fixed assets | 21/28 | €23,286 | €32,759 | +€9,473 | +40.7% |
| Tangible fixed assets | 22/27 | €23,286 | €32,759 | +€9,473 | +40.7% |
| Furniture and vehicles | 24 | €23,286 | €32,759 | +€9,473 | +40.7% |
| Current assets | 29/58 | €351,277 | €436,617 | +€85,341 | +24.3% |
| Amounts receivable within one year | 40/41 | €20,486 | €18,474 | -€2,013 | -9.8% |
| Trade receivables | 40 | €17,243 | €18,474 | +€1,231 | +7.1% |
| Other amounts receivable | 41 | €3,244 | - | -€3,244 | |
| Current investments | 50/53 | €99,900 | €348,909 | +€249,009 | +249% |
| Cash at bank and in hand | 54/58 | €220,575 | €57,049 | -€163,525 | -74.1% |
| Deferred charges and accrued income | 490/1 | €10,316 | €12,185 | +€1,869 | +18.1% |
| Total equity and liabilities | 10/49 | €374,562 | €469,376 | +€94,814 | +25.3% |
| Equity | 10/15 | €349,252 | €367,215 | +€17,963 | +5.1% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €348,652 | €366,615 | +€17,963 | +5.2% |
| Distributable reserves | 133 | €348,652 | €366,615 | +€17,963 | +5.2% |
| Amounts payable | 17/49 | €25,310 | €102,161 | +€76,851 | +304% |
| Amounts payable within one year | 42/48 | €25,310 | €102,161 | +€76,851 | +304% |
| Trade debts | 44 | €481 | €487 | +€6 | +1.2% |
| Suppliers | 440/4 | €481 | €487 | +€6 | +1.2% |
| Taxes, remuneration and social security | 45 | €10,053 | €11,173 | +€1,120 | +11.1% |
| Taxes | 450/3 | €10,053 | €11,173 | +€1,120 | +11.1% |
| Other amounts payable | 47/48 | €14,776 | €90,502 | +€75,726 | +512% |
| Non-recurring operating income | 76A | - | €2,066 | +€2,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,675 | €25,992 | -€3,683 | -12.4% |
| Other operating charges | 640/8 | €1,135 | €1,244 | +€109 | +9.6% |
| Non-recurring operating charges | 66A | - | €655 | +€655 | |
| Gross operating margin | 9900 | €150,430 | €156,630 | +€6,200 | +4.1% |
| Operating profit (loss) | 9901 | €119,620 | €128,739 | +€9,119 | +7.6% |
| Financial income | 75/76B | - | €9,732 | +€9,732 | |
| Recurring financial income | 75 | - | €4,359 | +€4,359 | |
| Non-recurring financial income | 76B | - | €5,373 | +€5,373 | |
| Financial charges | 65/66B | €783 | -€1,131 | -€1,914 | |
| Recurring financial charges | 65 | €783 | -€1,131 | -€1,914 | |
| Profit (loss) for the period before taxes | 9903 | €118,837 | €139,602 | +€20,764 | +17.5% |
| Income taxes | 67/77 | €41,756 | €46,872 | +€5,116 | +12.3% |
| Profit (loss) for the period | 9904 | €77,081 | €92,730 | +€15,648 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,081 | €92,730 | +€15,648 | +20.3% |
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 22 October 2026 via checked.be.