ADZ 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.
ADZ CONSULT
Largest movements
- Cash +€65,069
up €65,069 (+49.8%), from €130,574 to €195,643
mainly Current investments (+€40,000) and Net result for the year (+€16,767)
- Current investments -€40,000
no longer reported in 2025 (was €40,000)
- Tangible fixed assets -€10,213
down €10,213 (-34.4%), from €29,671 to €19,458
- Receivables within one year -€7,862
down €7,862 (-31.0%), from €25,332 to €17,470
of which Trade receivables: -€3,939
- Deferred charges and accrued income -€6,473
down €6,473 (-86.9%), from €7,449 to €976
- Reserves +€16,750
up €16,750 (+10.0%), from €167,400 to €184,150
- Tax, wage and social debts -€8,287
down €8,287 (-45.9%), from €18,073 to €9,786
- Debts after one year -€7,124
down €7,124 (-31.8%), from €22,370 to €15,246
- Turnover -€88,731
down €88,731 (-49.7%), from €178,580 to €89,849
- Gross operating margin -€61,109
down €61,109 (-64.0%), from €95,501 to €34,393
- Purchases and services -€40,077
down €40,077 (-42.0%), from €95,533 to €55,456
- Financial income -€31,057
down €31,057 (-79.3%), from €39,149 to €8,092
of which Non-recurring financial income: -€31,155
- Taxes -€26,393
down €26,393 (-67.9%), from €38,867 to €12,474
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 | €233,027 | €233,547 | +€520 | +0.2% |
| Fixed assets | 21/28 | €29,671 | €19,458 | -€10,213 | -34.4% |
| Tangible fixed assets | 22/27 | €29,671 | €19,458 | -€10,213 | -34.4% |
| Furniture and vehicles | 24 | €29,671 | €19,458 | -€10,213 | -34.4% |
| Current assets | 29/58 | €203,356 | €214,089 | +€10,733 | +5.3% |
| Amounts receivable within one year | 40/41 | €25,332 | €17,470 | -€7,862 | -31.0% |
| Trade receivables | 40 | €20,852 | €16,914 | -€3,939 | -18.9% |
| Other amounts receivable | 41 | €4,480 | €556 | -€3,924 | -87.6% |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €130,574 | €195,643 | +€65,069 | +49.8% |
| Deferred charges and accrued income | 490/1 | €7,449 | €976 | -€6,473 | -86.9% |
| Total equity and liabilities | 10/49 | €233,027 | €233,547 | +€520 | +0.2% |
| Equity | 10/15 | €177,847 | €194,613 | +€16,767 | +9.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €167,400 | €184,150 | +€16,750 | +10.0% |
| Distributable reserves | 133 | €167,400 | €184,150 | +€16,750 | +10.0% |
| Profit (loss) carried forward | 14 | €447 | €463 | +€17 | +3.7% |
| Amounts payable | 17/49 | €55,180 | €38,933 | -€16,247 | -29.4% |
| Amounts payable after more than one year | 17 | €22,370 | €15,246 | -€7,124 | -31.8% |
| Financial debts | 170/4 | €22,370 | €15,246 | -€7,124 | -31.8% |
| Amounts payable within one year | 42/48 | €32,811 | €23,687 | -€9,123 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €6,810 | €7,124 | +€313 | +4.6% |
| Trade debts | 44 | €7,927 | €6,778 | -€1,149 | -14.5% |
| Suppliers | 440/4 | €7,927 | €6,778 | -€1,149 | -14.5% |
| Taxes, remuneration and social security | 45 | €18,073 | €9,786 | -€8,287 | -45.9% |
| Taxes | 450/3 | €18,073 | €9,786 | -€8,287 | -45.9% |
| Turnover | 70 | €178,580 | €89,849 | -€88,731 | -49.7% |
| Non-recurring operating income | 76A | €12,454 | - | -€12,454 | |
| Goods, raw materials, services and sundry goods | 60/61 | €95,533 | €55,456 | -€40,077 | -42.0% |
| Remuneration, social security and pensions | 62 | €27 | - | -€27 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,231 | €10,213 | -€18 | -0.2% |
| Other operating charges | 640/8 | €4,844 | €1,563 | -€3,281 | -67.7% |
| Non-recurring operating charges | 66A | €323 | - | -€323 | |
| Gross operating margin | 9900 | €95,501 | €34,393 | -€61,109 | -64.0% |
| Operating profit (loss) | 9901 | €80,076 | €22,616 | -€57,460 | -71.8% |
| Financial income | 75/76B | €39,149 | €8,092 | -€31,057 | -79.3% |
| Recurring financial income | 75 | €997 | €1,095 | +€98 | +9.8% |
| Non-recurring financial income | 76B | €38,152 | €6,997 | -€31,155 | -81.7% |
| Financial charges | 65/66B | €7,070 | €1,467 | -€5,603 | -79.3% |
| Recurring financial charges | 65 | €7,070 | €1,467 | -€5,603 | -79.3% |
| Profit (loss) for the period before taxes | 9903 | €112,154 | €29,241 | -€82,914 | -73.9% |
| Income taxes | 67/77 | €38,867 | €12,474 | -€26,393 | -67.9% |
| Profit (loss) for the period | 9904 | €73,288 | €16,767 | -€56,521 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,288 | €16,767 | -€56,521 | -77.1% |
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 21 October 2026 via checked.be.