ADW-Technics: 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.
What changed
ADW-Technics
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€9,298
2024 · €18,460-€27,758
Equity
€154,390
2024 · €217,544-€63,155
Cash
€209,935
2024 · €205,533+€4,402
Balance sheet total
€255,701
2024 · €280,484-€24,783
Largest movements
Assets
- Tangible fixed assets -€29,731
down €29,731 (-43.1%), from €68,938 to €39,207
of which Furniture and vehicles: -€25,504
- Cash +€4,402
up €4,402 (+2.1%), from €205,533 to €209,935
mainly Other debts (+€50,610) and Depreciation (+€29,731)
Equity and liabilities
- Reserves -€53,857
down €53,857 (-36.8%), from €146,200 to €92,343
of which Distributable reserves: -€53,857
- Other debts +€50,610
up €50,610 (+1,028%), from €4,924 to €55,535
- Debts after one year -€10,086
down €10,086 (-35.8%), from €28,208 to €18,123
of which Financial debts: -€10,086
- Profit (loss) carried forward -€9,298
down €9,298 (-17.6%), from €52,745 to €43,447
- Tax, wage and social debts -€8,971
down €8,971 (-86.2%), from €10,404 to €1,433
of which Taxes: -€7,472
Income statement
- Gross operating margin -€45,674
down €45,674 (-59.0%), from €77,350 to €31,677
- Taxes -€8,109
down €8,109 (-96.7%), from €8,383 to €273
- Depreciation -€4,857
down €4,857 (-14.0%), from €34,588 to €29,731
- Staff costs -€3,836
down €3,836 (-40.0%), from €9,587 to €5,751
- Financial income +€1,102
up €1,102 (+109%), from €1,012 to €2,115
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.
Result 2024
€18,460
Gross operating margin
-€45,674
Staff costs
+€3,836
Depreciation
+€4,857
Other operating charges
-€484
Financial income
+€1,102
Financial charges
+€495
Taxes
+€8,109
Result 2025
-€9,298
raises the resultlowers the result
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.
From operations
+€67,729
Investment
€0
Financing
-€63,327
Cash 2024
€205,533
From operations (derived)
+€67,729
Net result for the year
-€9,298
Depreciation
+€29,731
Receivables within one year
-€535
Deferred charges and accrued income
-€10
Trade debts
+€8,322
Tax, wage and social debts
-€8,971
Other debts
+€50,610
Accrued charges and deferred income
-€2,121
Financing
-€63,327
Debts after one year
-€10,086
Current portion of long-term debt
+€616
Contributions, distributions and other
-€53,857
Cash 2025
€209,935
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €280,484 | €255,701 | -€24,783 | -8.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €68,938 | €39,207 | -€29,731 | -43.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €68,938 | €39,207 | -€29,731 | -43.1% |
| Land and buildings | 22 | €31,948 | €28,133 | -€3,815 | -11.9% |
| Plant, machinery and equipment | 23 | €1,549 | €1,137 | -€412 | -26.6% |
| Furniture and vehicles | 24 | €35,441 | €9,938 | -€25,504 | -72.0% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €211,547 | €216,494 | +€4,948 | +2.3% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,716 | €4,251 | +€535 | +14.4% |
| Trade receivables | 40 | €2,311 | €4,242 | +€1,931 | +83.5% |
| Other amounts receivable | 41 | €1,404 | €9 | -€1,396 | -99.4% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €205,533 | €209,935 | +€4,402 | +2.1% |
| Deferred charges and accrued income | 490/1 | €2,298 | €2,309 | +€10 | +0.4% |
| Total equity and liabilities | 10/49 | €280,484 | €255,701 | -€24,783 | -8.8% |
| Equity | 10/15 | €217,544 | €154,390 | -€63,155 | -29.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €146,200 | €92,343 | -€53,857 | -36.8% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Distributable reserves | 133 | €146,200 | €92,343 | -€53,857 | -36.8% |
| Profit (loss) carried forward | 14 | €52,745 | €43,447 | -€9,298 | -17.6% |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €62,940 | €101,311 | +€38,371 | +61.0% |
| Amounts payable after more than one year | 17 | €28,208 | €18,123 | -€10,086 | -35.8% |
| Financial debts | 170/4 | €28,208 | €18,123 | -€10,086 | -35.8% |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €32,227 | €82,805 | +€50,578 | +157% |
| Current portion of amounts payable after more than one year | 42 | €9,470 | €10,086 | +€616 | +6.5% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €7,429 | €15,751 | +€8,322 | +112% |
| Suppliers | 440/4 | €7,429 | €15,751 | +€8,322 | +112% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €10,404 | €1,433 | -€8,971 | -86.2% |
| Taxes | 450/3 | €8,462 | €989 | -€7,472 | -88.3% |
| Remuneration and social security | 454/9 | €1,942 | €443 | -€1,499 | -77.2% |
| Other amounts payable | 47/48 | €4,924 | €55,535 | +€50,610 | +1,028% |
| Accrued charges and deferred income | 492/3 | €2,505 | €384 | -€2,121 | -84.7% |
| Non-recurring operating income | 76A | €1,157 | - | -€1,157 | |
| Remuneration, social security and pensions | 62 | €9,587 | €5,751 | -€3,836 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,588 | €29,731 | -€4,857 | -14.0% |
| Other operating charges | 640/8 | €2,151 | €2,635 | +€484 | +22.5% |
| Gross operating margin | 9900 | €77,350 | €31,677 | -€45,674 | -59.0% |
| Operating profit (loss) | 9901 | €31,025 | -€6,440 | -€37,465 | |
| Financial income | 75/76B | €1,012 | €2,115 | +€1,102 | +109% |
| Recurring financial income | 75 | €1,012 | €2,115 | +€1,102 | +109% |
| Financial charges | 65/66B | €5,194 | €4,700 | -€495 | -9.5% |
| Recurring financial charges | 65 | €5,194 | €4,700 | -€495 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €26,843 | -€9,025 | -€35,867 | |
| Income taxes | 67/77 | €8,383 | €273 | -€8,109 | -96.7% |
| Profit (loss) for the period | 9904 | €18,460 | -€9,298 | -€27,758 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,460 | -€9,298 | -€27,758 |
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.