LP ADCO: 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.
LP ADCO
Largest movements
- Receivables within one year +€44,240
up €44,240 (+182%), from €24,361 to €68,602
of which Other amounts receivable: +€44,240
- Cash -€2,925
down €2,925 (-97.5%), from €2,999 to €74
mainly Receivables within one year (-€44,240)
- Profit (loss) carried forward +€29,044
up €29,044 (+655%), from €4,434 to €33,478
- Accrued charges and deferred income +€11,250
up €11,250 (+60.0%), from €18,750 to €30,000
- Current portion of long-term debt +€1,021
new in 2025: €1,021
- Gross operating margin +€26,224
up €26,224 (+406%), from €6,462 to €32,686
- Taxes +€2,623
up €2,623 (+696%), from €377 to €3,000
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 | €27,361 | €68,675 | +€41,315 | +151% |
| Current assets | 29/58 | €27,361 | €68,675 | +€41,315 | +151% |
| Amounts receivable within one year | 40/41 | €24,361 | €68,602 | +€44,240 | +182% |
| Trade receivables | 40 | €3,158 | €3,158 | = | 0.0% |
| Other amounts receivable | 41 | €21,204 | €65,444 | +€44,240 | +209% |
| Cash at bank and in hand | 54/58 | €2,999 | €74 | -€2,925 | -97.5% |
| Total equity and liabilities | 10/49 | €27,361 | €68,675 | +€41,315 | +151% |
| Equity | 10/15 | €8,234 | €37,278 | +€29,044 | +353% |
| Contributions | 10/11 | €3,800 | €3,800 | = | 0.0% |
| Contributions outside capital | 11 | €3,800 | - | -€3,800 | |
| Other | 1109/19 | €3,800 | - | -€3,800 | |
| Profit (loss) carried forward | 14 | €4,434 | €33,478 | +€29,044 | +655% |
| Amounts payable | 17/49 | €19,127 | €31,398 | +€12,271 | +64.2% |
| Amounts payable within one year | 42/48 | €377 | €1,398 | +€1,021 | +271% |
| Current portion of amounts payable after more than one year | 42 | - | €1,021 | +€1,021 | |
| Taxes, remuneration and social security | 45 | €377 | €377 | = | 0.0% |
| Taxes | 450/3 | €377 | €377 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18,750 | €30,000 | +€11,250 | +60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136 | - | -€136 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €185 | - | -€185 | |
| Gross operating margin | 9900 | €6,462 | €32,686 | +€26,224 | +406% |
| Operating profit (loss) | 9901 | €5,754 | €32,286 | +€26,532 | +461% |
| Financial charges | 65/66B | €164 | €242 | +€78 | +47.8% |
| Recurring financial charges | 65 | €164 | €242 | +€78 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | €5,590 | €32,044 | +€26,454 | +473% |
| Income taxes | 67/77 | €377 | €3,000 | +€2,623 | +696% |
| Profit (loss) for the period | 9904 | €5,213 | €29,044 | +€23,831 | +457% |
| Profit (loss) for the period to be appropriated | 9905 | €5,213 | €29,044 | +€23,831 | +457% |
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 28 October 2026 via checked.be.