ADW 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.
ADW TRANS
Largest movements
- Tangible fixed assets +€105,084
up €105,084 (+11.9%), from €879,578 to €984,661
of which Furniture and vehicles: +€98,102
- Cash +€21,750
up €21,750 (+164%), from €13,240 to €34,990
mainly Other debts (+€157,249) and Depreciation (+€35,521)
- Receivables within one year -€15,024
down €15,024 (-23.4%), from €64,264 to €49,240
of which Trade receivables: -€27,849
- Other debts +€157,249
up €157,249 (+60.2%), from €261,203 to €418,452
- Debts after one year -€33,958
down €33,958 (-7.7%), from €441,616 to €407,658
- Profit (loss) carried forward -€14,020
down €14,020, from €1,679 to -€12,340
- Gross operating margin -€12,258
down €12,258 (-22.8%), from €53,726 to €41,468
- Financial charges -€9,235
down €9,235 (-86.7%), from €10,655 to €1,419
- Other operating charges +€3,201
up €3,201 (+18.9%), from €16,911 to €20,112
- Depreciation -€697
down €697 (-1.9%), from €36,218 to €35,521
- Financial income +€644
up €644 (+6,117%), from €11 to €655
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 | €967,171 | €1,074,789 | +€107,618 | +11.1% |
| Fixed assets | 21/28 | €880,454 | €985,291 | +€104,837 | +11.9% |
| Tangible fixed assets | 22/27 | €879,578 | €984,661 | +€105,084 | +11.9% |
| Land and buildings | 22 | €827,199 | €836,380 | +€9,181 | +1.1% |
| Plant, machinery and equipment | 23 | €8,137 | €5,937 | -€2,200 | -27.0% |
| Furniture and vehicles | 24 | €44,242 | €142,344 | +€98,102 | +222% |
| Financial fixed assets | 28 | €876 | €630 | -€246 | -28.1% |
| Current assets | 29/58 | €86,717 | €89,498 | +€2,781 | +3.2% |
| Amounts receivable within one year | 40/41 | €64,264 | €49,240 | -€15,024 | -23.4% |
| Trade receivables | 40 | €61,264 | €33,414 | -€27,849 | -45.5% |
| Other amounts receivable | 41 | €3,000 | €15,825 | +€12,825 | +428% |
| Cash at bank and in hand | 54/58 | €13,240 | €34,990 | +€21,750 | +164% |
| Deferred charges and accrued income | 490/1 | €9,213 | €5,268 | -€3,945 | -42.8% |
| Total equity and liabilities | 10/49 | €967,171 | €1,074,789 | +€107,618 | +11.1% |
| Equity | 10/15 | €217,670 | €202,969 | -€14,702 | -6.8% |
| Contributions | 10/11 | €78,600 | €78,600 | = | 0.0% |
| Reserves | 13 | €137,391 | €136,709 | -€682 | -0.5% |
| Non-distributable reserves | 130/1 | €7,860 | €7,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,860 | €7,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,602 | €19,920 | -€682 | -3.3% |
| Distributable reserves | 133 | €108,929 | €108,929 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,679 | -€12,340 | -€14,020 | |
| Provisions and deferred taxes | 16 | €6,867 | €6,640 | -€227 | -3.3% |
| Deferred taxes | 168 | €6,867 | €6,640 | -€227 | -3.3% |
| Amounts payable | 17/49 | €742,633 | €865,180 | +€122,547 | +16.5% |
| Amounts payable after more than one year | 17 | €441,616 | €407,658 | -€33,958 | -7.7% |
| Financial debts | 170/4 | €441,616 | €407,658 | -€33,958 | -7.7% |
| Amounts payable within one year | 42/48 | €301,017 | €457,522 | +€156,505 | +52.0% |
| Current portion of amounts payable after more than one year | 42 | €33,287 | €33,958 | +€671 | +2.0% |
| Trade debts | 44 | €6,491 | €5,112 | -€1,379 | -21.2% |
| Suppliers | 440/4 | €6,491 | €5,112 | -€1,379 | -21.2% |
| Taxes, remuneration and social security | 45 | €36 | €0 | -€36 | -100% |
| Taxes | 450/3 | €36 | €0 | -€36 | -100% |
| Other amounts payable | 47/48 | €261,203 | €418,452 | +€157,249 | +60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,218 | €35,521 | -€697 | -1.9% |
| Other operating charges | 640/8 | €16,911 | €20,112 | +€3,201 | +18.9% |
| Gross operating margin | 9900 | €53,726 | €41,468 | -€12,258 | -22.8% |
| Operating profit (loss) | 9901 | €597 | -€14,164 | -€14,761 | |
| Financial income | 75/76B | €11 | €655 | +€644 | +6,117% |
| Recurring financial income | 75 | €11 | €655 | +€644 | +6,117% |
| Financial charges | 65/66B | €10,655 | €1,419 | -€9,235 | -86.7% |
| Recurring financial charges | 65 | €10,655 | €1,419 | -€9,235 | -86.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,047 | -€14,929 | -€4,882 | -48.6% |
| Transfer from deferred taxes | 780 | €227 | €227 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€9,820 | -€14,702 | -€4,882 | -49.7% |
| Transfer from tax-exempt reserves | 789 | €682 | €682 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,138 | -€14,020 | -€4,882 | -53.4% |
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 26 October 2026 via checked.be.