Adacis: 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.
Adacis
Largest movements
- Receivables within one year +€120,632
up €120,632 (+128%), from €94,598 to €215,231
of which Trade receivables: +€73,279
- Cash -€33,540
down €33,540 (-16.6%), from €202,189 to €168,649
mainly Receivables within one year (-€120,632) and Contributions, distributions and other (-€92,234)
- Tangible fixed assets +€9,503
up €9,503 (+49.8%), from €19,075 to €28,578
of which Furniture and vehicles: +€11,341
- Other debts +€85,335
up €85,335 (+1,237%), from €6,899 to €92,234
- Tax, wage and social debts +€16,252
up €16,252 (+46.8%), from €34,738 to €50,989
of which Taxes: +€26,239
- Trade debts -€9,821
down €9,821 (-70.8%), from €13,869 to €4,048
- Reserves +€7,249
up €7,249 (+3.0%), from €239,567 to €246,816
of which Distributable reserves: +€7,249
- Gross operating margin +€35,541
up €35,541 (+28.6%), from €124,383 to €159,925
- Taxes +€11,477
up €11,477 (+33.1%), from €34,679 to €46,156
- Depreciation +€3,112
up €3,112 (+48.1%), from €6,469 to €9,581
- Financial charges +€2,691
up €2,691 (+155%), from €1,737 to €4,429
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 | €318,410 | €416,507 | +€98,097 | +30.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €19,075 | €28,578 | +€9,503 | +49.8% |
| Tangible fixed assets | 22/27 | €19,075 | €28,578 | +€9,503 | +49.8% |
| Land and buildings | 22 | €1,485 | €1,273 | -€212 | -14.3% |
| Plant, machinery and equipment | 23 | €7,474 | €5,849 | -€1,625 | -21.7% |
| Furniture and vehicles | 24 | €10,116 | €21,456 | +€11,341 | +112% |
| Current assets | 29/58 | €299,335 | €387,928 | +€88,594 | +29.6% |
| Amounts receivable within one year | 40/41 | €94,598 | €215,231 | +€120,632 | +128% |
| Trade receivables | 40 | €94,176 | €167,454 | +€73,279 | +77.8% |
| Other amounts receivable | 41 | €423 | €47,776 | +€47,354 | +11,202% |
| Cash at bank and in hand | 54/58 | €202,189 | €168,649 | -€33,540 | -16.6% |
| Deferred charges and accrued income | 490/1 | €2,547 | €4,049 | +€1,501 | +58.9% |
| Total equity and liabilities | 10/49 | €318,410 | €416,507 | +€98,097 | +30.8% |
| Equity | 10/15 | €245,767 | €253,016 | +€7,249 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €239,567 | €246,816 | +€7,249 | +3.0% |
| Tax-exempt reserves | 132 | €19,557 | €19,557 | = | 0.0% |
| Distributable reserves | 133 | €220,010 | €227,259 | +€7,249 | +3.3% |
| Amounts payable | 17/49 | €72,643 | €163,491 | +€90,848 | +125% |
| Amounts payable after more than one year | 17 | €7,778 | €5,061 | -€2,717 | -34.9% |
| Financial debts | 170/4 | €7,778 | €5,061 | -€2,717 | -34.9% |
| Amounts payable within one year | 42/48 | €64,865 | €158,429 | +€93,565 | +144% |
| Current portion of amounts payable after more than one year | 42 | €2,596 | €2,717 | +€121 | +4.6% |
| Financial debts | 43 | €6,762 | €8,441 | +€1,679 | +24.8% |
| Credit institutions | 430/8 | €6,762 | €8,441 | +€1,679 | +24.8% |
| Trade debts | 44 | €13,869 | €4,048 | -€9,821 | -70.8% |
| Suppliers | 440/4 | €13,869 | €4,048 | -€9,821 | -70.8% |
| Taxes, remuneration and social security | 45 | €34,738 | €50,989 | +€16,252 | +46.8% |
| Taxes | 450/3 | €24,751 | €50,989 | +€26,239 | +106% |
| Remuneration and social security | 454/9 | €9,987 | - | -€9,987 | |
| Other amounts payable | 47/48 | €6,899 | €92,234 | +€85,335 | +1,237% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,469 | €9,581 | +€3,112 | +48.1% |
| Other operating charges | 640/8 | €2,514 | €1,453 | -€1,061 | -42.2% |
| Gross operating margin | 9900 | €124,383 | €159,925 | +€35,541 | +28.6% |
| Operating profit (loss) | 9901 | €115,400 | €148,891 | +€33,491 | +29.0% |
| Financial income | 75/76B | €92 | €1,177 | +€1,085 | +1,178% |
| Recurring financial income | 75 | €92 | €1,177 | +€1,085 | +1,178% |
| Financial charges | 65/66B | €1,737 | €4,429 | +€2,691 | +155% |
| Recurring financial charges | 65 | €1,737 | €4,429 | +€2,691 | +155% |
| Profit (loss) for the period before taxes | 9903 | €113,755 | €145,639 | +€31,885 | +28.0% |
| Income taxes | 67/77 | €34,679 | €46,156 | +€11,477 | +33.1% |
| Profit (loss) for the period | 9904 | €79,076 | €99,483 | +€20,407 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €79,076 | €99,483 | +€20,407 | +25.8% |
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 26 October 2026 via checked.be.