ADACORP: what changed
Two fiscal 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.
ADACORP
Largest movements
- Receivables within one year +€20,417
up €20,417 (+108.7%), from €18,786 to €39,203
of which Trade receivables: +€19,496
- Cash +€19,961
up €19,961 (+94.0%), from €21,245 to €41,206
mainly Net result for the year (+€42,451) and Other debts (+€3,742)
- Tangible fixed assets -€3,594
down €3,594 (-16.4%), from €21,956 to €18,363
of which Furniture and vehicles: -€3,594
- Deferred charges and accrued income +€2,707
up €2,707 (+10827.3%), from €25 to €2,732
- Reserves +€34,594
up €34,594 (+173.0%), from €20,000 to €54,594
- Other debts +€3,742
up €3,742 (+90.9%), from €4,115 to €7,857
- Tax, wage and social debts +€1,314
up €1,314 (+7.4%), from €17,662 to €18,976
- Gross operating margin +€20,162
up €20,162 (+44.8%), from €45,024 to €65,185
- Taxes +€3,948
up €3,948 (+27.1%), from €14,553 to €18,501
- Depreciation -€1,225
down €1,225 (-25.4%), from €4,818 to €3,594
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.
Cash bridge derived
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 | €62,012 | €101,504 | +€39,491 | +63.7% |
| Fixed assets | 21/28 | €21,956 | €18,363 | -€3,594 | -16.4% |
| Tangible fixed assets | 22/27 | €21,956 | €18,363 | -€3,594 | -16.4% |
| Land and buildings | 22 | €12,500 | €12,500 | = | 0.0% |
| Furniture and vehicles | 24 | €9,456 | €5,863 | -€3,594 | -38.0% |
| Current assets | 29/58 | €40,056 | €83,141 | +€43,085 | +107.6% |
| Amounts receivable within one year | 40/41 | €18,786 | €39,203 | +€20,417 | +108.7% |
| Trade receivables | 40 | €18,786 | €38,282 | +€19,496 | +103.8% |
| Other amounts receivable | 41 | - | €922 | +€922 | |
| Cash at bank and in hand | 54/58 | €21,245 | €41,206 | +€19,961 | +94.0% |
| Deferred charges and accrued income | 490/1 | €25 | €2,732 | +€2,707 | +10827.3% |
| Total equity and liabilities | 10/49 | €62,012 | €101,504 | +€39,491 | +63.7% |
| Equity | 10/15 | €28,076 | €62,670 | +€34,594 | +123.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €54,594 | +€34,594 | +173.0% |
| Distributable reserves | 133 | €20,000 | €54,594 | +€34,594 | +173.0% |
| Profit (loss) carried forward | 14 | €5,076 | €5,076 | = | 0.0% |
| Amounts payable | 17/49 | €33,937 | €38,834 | +€4,897 | +14.4% |
| Amounts payable within one year | 42/48 | €33,937 | €38,834 | +€4,897 | +14.4% |
| Trade debts | 44 | €12,160 | €12,001 | -€159 | -1.3% |
| Suppliers | 440/4 | €12,160 | €12,001 | -€159 | -1.3% |
| Taxes, remuneration and social security | 45 | €17,662 | €18,976 | +€1,314 | +7.4% |
| Taxes | 450/3 | €17,662 | €18,976 | +€1,314 | +7.4% |
| Other amounts payable | 47/48 | €4,115 | €7,857 | +€3,742 | +90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,818 | €3,594 | -€1,225 | -25.4% |
| Other operating charges | 640/8 | €384 | €412 | +€28 | +7.2% |
| Gross operating margin | 9900 | €45,024 | €65,185 | +€20,162 | +44.8% |
| Operating profit (loss) | 9901 | €39,821 | €61,179 | +€21,359 | +53.6% |
| Financial income | 75/76B | €0 | €26 | +€26 | +256400.0% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +256400.0% |
| Financial charges | 65/66B | €192 | €253 | +€61 | +31.7% |
| Recurring financial charges | 65 | €192 | €253 | +€61 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €39,629 | €60,952 | +€21,323 | +53.8% |
| Income taxes | 67/77 | €14,553 | €18,501 | +€3,948 | +27.1% |
| Profit (loss) for the period | 9904 | €25,076 | €42,451 | +€17,376 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,076 | €42,451 | +€17,376 | +69.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.