ADX CONSULT: 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.
ADX CONSULT
Largest movements
- Current investments +€37,592
up €37,592 (+36.6%), from €102,757 to €140,349
- Receivables within one year +€22,586
up €22,586 (+231%), from €9,757 to €32,343
- Cash +€9,115
up €9,115 (+68.6%), from €13,295 to €22,410
mainly Net result for the year (+€107,567) and Depreciation (+€33,581)
- Reserves +€73,567
up €73,567 (+19.3%), from €381,370 to €454,937
- Other debts +€23,581
up €23,581 (+287%), from €8,209 to €31,790
- Short-term financial debts -€19,157
down €19,157 (-84.5%), from €22,666 to €3,509
- Trade debts -€16,314
down €16,314 (-80.5%), from €20,268 to €3,954
- Debts after one year -€10,277
down €10,277 (-6.6%), from €154,919 to €144,642
- Gross operating margin +€17,372
up €17,372 (+9.3%), from €187,062 to €204,435
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 | €628,350 | €691,581 | +€63,231 | +10.1% |
| Fixed assets | 21/28 | €453,011 | €446,975 | -€6,036 | -1.3% |
| Tangible fixed assets | 22/27 | €150,511 | €144,475 | -€6,036 | -4.0% |
| Furniture and vehicles | 24 | €30,161 | €25,435 | -€4,726 | -15.7% |
| Other tangible fixed assets | 26 | €120,350 | €119,041 | -€1,310 | -1.1% |
| Financial fixed assets | 28 | €302,500 | €302,500 | = | 0.0% |
| Current assets | 29/58 | €175,339 | €244,606 | +€69,267 | +39.5% |
| Amounts receivable after more than one year | 29 | €44,650 | €44,650 | = | 0.0% |
| Other amounts receivable | 291 | €44,650 | €44,650 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,757 | €32,343 | +€22,586 | +231% |
| Other amounts receivable | 41 | €9,757 | €32,343 | +€22,586 | +231% |
| Current investments | 50/53 | €102,757 | €140,349 | +€37,592 | +36.6% |
| Cash at bank and in hand | 54/58 | €13,295 | €22,410 | +€9,115 | +68.6% |
| Deferred charges and accrued income | 490/1 | €4,879 | €4,853 | -€26 | -0.5% |
| Total equity and liabilities | 10/49 | €628,350 | €691,581 | +€63,231 | +10.1% |
| Equity | 10/15 | €387,570 | €461,137 | +€73,567 | +19.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €381,370 | €454,937 | +€73,567 | +19.3% |
| Distributable reserves | 133 | €381,370 | €454,937 | +€73,567 | +19.3% |
| Amounts payable | 17/49 | €240,780 | €230,444 | -€10,336 | -4.3% |
| Amounts payable after more than one year | 17 | €154,919 | €144,642 | -€10,277 | -6.6% |
| Financial debts | 170/4 | €154,919 | €144,642 | -€10,277 | -6.6% |
| Amounts payable within one year | 42/48 | €84,517 | €84,472 | -€45 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €21,282 | €27,101 | +€5,819 | +27.3% |
| Financial debts | 43 | €22,666 | €3,509 | -€19,157 | -84.5% |
| Credit institutions | 430/8 | €22,666 | €3,509 | -€19,157 | -84.5% |
| Trade debts | 44 | €20,268 | €3,954 | -€16,314 | -80.5% |
| Suppliers | 440/4 | €20,268 | €3,954 | -€16,314 | -80.5% |
| Taxes, remuneration and social security | 45 | €12,092 | €18,118 | +€6,027 | +49.8% |
| Taxes | 450/3 | €12,092 | €18,118 | +€6,027 | +49.8% |
| Other amounts payable | 47/48 | €8,209 | €31,790 | +€23,581 | +287% |
| Accrued charges and deferred income | 492/3 | €1,345 | €1,330 | -€15 | -1.1% |
| Non-recurring operating income | 76A | - | €6,483 | +€6,483 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,697 | €33,581 | +€1,884 | +5.9% |
| Other operating charges | 640/8 | €1,420 | €2,503 | +€1,083 | +76.3% |
| Gross operating margin | 9900 | €187,062 | €204,435 | +€17,372 | +9.3% |
| Operating profit (loss) | 9901 | €153,946 | €168,351 | +€14,405 | +9.4% |
| Financial income | 75/76B | €1,339 | €1,352 | +€13 | +1.0% |
| Recurring financial income | 75 | €1,339 | €1,352 | +€13 | +1.0% |
| Financial charges | 65/66B | €9,977 | €8,120 | -€1,857 | -18.6% |
| Recurring financial charges | 65 | €9,977 | €8,120 | -€1,857 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €145,307 | €161,583 | +€16,276 | +11.2% |
| Income taxes | 67/77 | €52,630 | €54,016 | +€1,386 | +2.6% |
| Profit (loss) for the period | 9904 | €92,677 | €107,567 | +€14,890 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €92,677 | €107,567 | +€14,890 | +16.1% |
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 15 October 2026 via checked.be.