A'del Groep: 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.
A'del Groep
Largest movements
- Tangible fixed assets -€135,689
down €135,689 (-5.9%), from €2.3m to €2.2m
of which Land and buildings: -€133,070
- Cash +€69,252
up €69,252 (+19.9%), from €347,798 to €417,049
mainly Depreciation (+€142,229) and Net result for the year (+€61,255)
- Debts after one year -€86,668
down €86,668 (-8.7%), from €998,317 to €911,649
- Profit (loss) carried forward +€61,255
up €61,255 (+78.5%), from -€78,061 to -€16,806
- Other debts -€40,000
down €40,000 (-56.6%), from €70,727 to €30,727
- Gross operating margin +€31,496
up €31,496 (+12.9%), from €244,808 to €276,303
- Financial charges -€5,995
down €5,995 (-11.1%), from €54,129 to €48,134
- Depreciation -€2,792
down €2,792 (-1.9%), from €145,022 to €142,229
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 | €2,673,938 | €2,591,208 | -€82,730 | -3.1% |
| Fixed assets | 21/28 | €2,298,230 | €2,162,541 | -€135,689 | -5.9% |
| Tangible fixed assets | 22/27 | €2,298,230 | €2,162,541 | -€135,689 | -5.9% |
| Land and buildings | 22 | €2,243,790 | €2,110,719 | -€133,070 | -5.9% |
| Plant, machinery and equipment | 23 | €54,440 | €49,140 | -€5,300 | -9.7% |
| Furniture and vehicles | 24 | - | €2,682 | +€2,682 | |
| Current assets | 29/58 | €375,708 | €428,667 | +€52,959 | +14.1% |
| Amounts receivable within one year | 40/41 | €27,076 | €10,282 | -€16,794 | -62.0% |
| Trade receivables | 40 | €2,418 | €2,508 | +€90 | +3.7% |
| Other amounts receivable | 41 | €24,658 | €7,774 | -€16,883 | -68.5% |
| Cash at bank and in hand | 54/58 | €347,798 | €417,049 | +€69,252 | +19.9% |
| Deferred charges and accrued income | 490/1 | €835 | €1,336 | +€501 | +59.9% |
| Total equity and liabilities | 10/49 | €2,673,938 | €2,591,208 | -€82,730 | -3.1% |
| Equity | 10/15 | €1,429,439 | €1,490,694 | +€61,255 | +4.3% |
| Contributions | 10/11 | €1,507,500 | €1,507,500 | = | 0.0% |
| Capital | 10 | €1,507,500 | €1,507,500 | = | 0.0% |
| Issued capital | 100 | €1,507,500 | €1,507,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,061 | -€16,806 | +€61,255 | +78.5% |
| Amounts payable | 17/49 | €1,244,499 | €1,100,514 | -€143,985 | -11.6% |
| Amounts payable after more than one year | 17 | €998,317 | €911,649 | -€86,668 | -8.7% |
| Financial debts | 170/4 | €998,317 | €911,649 | -€86,668 | -8.7% |
| Amounts payable within one year | 42/48 | €173,478 | €121,105 | -€52,373 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €86,668 | €86,668 | = | 0.0% |
| Trade debts | 44 | €16,083 | €2,436 | -€13,647 | -84.9% |
| Suppliers | 440/4 | €16,083 | €2,436 | -€13,647 | -84.9% |
| Taxes, remuneration and social security | 45 | - | €1,274 | +€1,274 | |
| Taxes | 450/3 | - | €1,274 | +€1,274 | |
| Other amounts payable | 47/48 | €70,727 | €30,727 | -€40,000 | -56.6% |
| Accrued charges and deferred income | 492/3 | €72,704 | €67,760 | -€4,944 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,022 | €142,229 | -€2,792 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €23,983 | €24,684 | +€702 | +2.9% |
| Gross operating margin | 9900 | €244,808 | €276,303 | +€31,496 | +12.9% |
| Operating profit (loss) | 9901 | €75,803 | €109,390 | +€33,586 | +44.3% |
| Financial charges | 65/66B | €54,129 | €48,134 | -€5,995 | -11.1% |
| Recurring financial charges | 65 | €54,129 | €48,134 | -€5,995 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €21,674 | €61,255 | +€39,581 | +183% |
| Profit (loss) for the period | 9904 | €21,674 | €61,255 | +€39,581 | +183% |
| Profit (loss) for the period to be appropriated | 9905 | €21,674 | €61,255 | +€39,581 | +183% |
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 31 October 2026 via checked.be.