ADW Vertalingen: 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 Vertalingen
Largest movements
- Receivables within one year -€43,663
down €43,663 (-36.3%), from €120,352 to €76,689
of which Other amounts receivable: -€36,777
- Cash +€28,318
up €28,318 (+54.1%), from €52,373 to €80,691
mainly Net result for the year (+€58,532) and Receivables within one year (+€43,663)
- Tangible fixed assets -€11,299
down €11,299 (-24.6%), from €45,918 to €34,620
- Deferred charges and accrued income +€10,053
up €10,053 (+942%), from €1,067 to €11,120
- Intangible fixed assets +€3,757
new in 2025: €3,757
- Other debts -€48,500
down €48,500 (-57.1%), from €85,000 to €36,500
- Profit (loss) carried forward +€42,032
up €42,032 (+50.1%), from €83,955 to €125,987
- Debts after one year -€9,761
down €9,761 (-30.0%), from €32,534 to €22,773
- Gross operating margin +€23,977
up €23,977 (+29.6%), from €81,075 to €105,052
- Write-downs +€10,963
new in 2025: €10,963
- Taxes +€6,253
up €6,253 (+45.1%), from €13,876 to €20,129
- Financial charges +€2,034
up €2,034 (+141%), from €1,443 to €3,477
- Depreciation +€1,798
up €1,798 (+18.5%), from €9,723 to €11,521
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 | €219,710 | €206,878 | -€12,833 | -5.8% |
| Fixed assets | 21/28 | €45,918 | €38,377 | -€7,541 | -16.4% |
| Intangible fixed assets | 21 | - | €3,757 | +€3,757 | |
| Tangible fixed assets | 22/27 | €45,918 | €34,620 | -€11,299 | -24.6% |
| Furniture and vehicles | 24 | €45,918 | €34,620 | -€11,299 | -24.6% |
| Current assets | 29/58 | €173,792 | €168,500 | -€5,291 | -3.0% |
| Amounts receivable within one year | 40/41 | €120,352 | €76,689 | -€43,663 | -36.3% |
| Trade receivables | 40 | €46,265 | €39,380 | -€6,886 | -14.9% |
| Other amounts receivable | 41 | €74,086 | €37,309 | -€36,777 | -49.6% |
| Cash at bank and in hand | 54/58 | €52,373 | €80,691 | +€28,318 | +54.1% |
| Deferred charges and accrued income | 490/1 | €1,067 | €11,120 | +€10,053 | +942% |
| Total equity and liabilities | 10/49 | €219,710 | €206,878 | -€12,833 | -5.8% |
| Equity | 10/15 | €85,055 | €127,087 | +€42,032 | +49.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,955 | €125,987 | +€42,032 | +50.1% |
| Amounts payable | 17/49 | €134,655 | €79,791 | -€54,864 | -40.7% |
| Amounts payable after more than one year | 17 | €32,534 | €22,773 | -€9,761 | -30.0% |
| Financial debts | 170/4 | €32,534 | €22,773 | -€9,761 | -30.0% |
| Amounts payable within one year | 42/48 | €102,121 | €57,017 | -€45,104 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €7,893 | €9,761 | +€1,867 | +23.7% |
| Trade debts | 44 | €9,228 | €10,632 | +€1,404 | +15.2% |
| Suppliers | 440/4 | €9,228 | €10,632 | +€1,404 | +15.2% |
| Taxes, remuneration and social security | 45 | - | €124 | +€124 | |
| Taxes | 450/3 | - | €124 | +€124 | |
| Other amounts payable | 47/48 | €85,000 | €36,500 | -€48,500 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,723 | €11,521 | +€1,798 | +18.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,963 | +€10,963 | |
| Other operating charges | 640/8 | €1,669 | €792 | -€877 | -52.5% |
| Gross operating margin | 9900 | €81,075 | €105,052 | +€23,977 | +29.6% |
| Operating profit (loss) | 9901 | €69,683 | €81,775 | +€12,093 | +17.4% |
| Financial income | 75/76B | €282 | €363 | +€81 | +28.6% |
| Recurring financial income | 75 | €282 | €363 | +€81 | +28.6% |
| Financial charges | 65/66B | €1,443 | €3,477 | +€2,034 | +141% |
| Recurring financial charges | 65 | €1,443 | €3,477 | +€2,034 | +141% |
| Profit (loss) for the period before taxes | 9903 | €68,522 | €78,661 | +€10,139 | +14.8% |
| Income taxes | 67/77 | €13,876 | €20,129 | +€6,253 | +45.1% |
| Profit (loss) for the period | 9904 | €54,645 | €58,532 | +€3,886 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,645 | €58,532 | +€3,886 | +7.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.