ADACRE: 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.
ADACRE
Largest movements
- Cash -€12,775
down €12,775 (-35.8%), from €35,719 to €22,945
mainly Investment in fixed assets (net) (-€60,233) and Debts after one year (-€43,520)
- Receivables within one year -€12,470
down €12,470 (-37.9%), from €32,893 to €20,423
of which Other amounts receivable: -€7,023
- Debts after one year -€43,520
down €43,520 (-6.5%), from €667,707 to €624,187
- Other debts +€42,635
up €42,635 (+163.4%), from €26,093 to €68,728
- Trade debts -€20,486
down €20,486 (-87.5%), from €23,423 to €2,938
- Gross operating margin +€35,598
up €35,598 (+84.6%), from €42,078 to €77,675
- Depreciation +€18,289
up €18,289 (+49.3%), from €37,115 to €55,405
- Financial charges +€13,879
up €13,879 (+218.2%), from €6,360 to €20,239
- Other operating charges -€3,344
down €3,344 (-58.2%), from €5,747 to €2,403
- Financial income +€1,927
up €1,927 (+68.9%), from €2,795 to €4,722
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 | €1,081,886 | €1,061,710 | -€20,176 | -1.9% |
| Fixed assets | 21/28 | €881,077 | €885,906 | +€4,829 | +0.5% |
| Tangible fixed assets | 22/27 | €881,077 | €885,906 | +€4,829 | +0.5% |
| Land and buildings | 22 | €637,956 | €830,297 | +€192,341 | +30.1% |
| Plant, machinery and equipment | 23 | €25,808 | €24,499 | -€1,309 | -5.1% |
| Furniture and vehicles | 24 | €50,382 | €31,110 | -€19,272 | -38.3% |
| Assets under construction and advance payments | 27 | €166,931 | - | -€166,931 | |
| Current assets | 29/58 | €200,809 | €175,804 | -€25,005 | -12.5% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,893 | €20,423 | -€12,470 | -37.9% |
| Trade receivables | 40 | €6,899 | €1,452 | -€5,447 | -79.0% |
| Other amounts receivable | 41 | €25,994 | €18,971 | -€7,023 | -27.0% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,719 | €22,945 | -€12,775 | -35.8% |
| Deferred charges and accrued income | 490/1 | €2,197 | €2,436 | +€240 | +10.9% |
| Total equity and liabilities | 10/49 | €1,081,886 | €1,061,710 | -€20,176 | -1.9% |
| Equity | 10/15 | €303,625 | €304,427 | +€802 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €178,410 | €179,210 | +€800 | +0.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €176,550 | €177,350 | +€800 | +0.5% |
| Profit (loss) carried forward | 14 | €106,615 | €106,617 | +€2 | 0.0% |
| Amounts payable | 17/49 | €778,261 | €757,283 | -€20,978 | -2.7% |
| Amounts payable after more than one year | 17 | €667,707 | €624,187 | -€43,520 | -6.5% |
| Financial debts | 170/4 | €667,707 | €624,187 | -€43,520 | -6.5% |
| Amounts payable within one year | 42/48 | €108,229 | €129,439 | +€21,210 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €44,857 | €45,645 | +€788 | +1.8% |
| Trade debts | 44 | €23,423 | €2,938 | -€20,486 | -87.5% |
| Suppliers | 440/4 | €23,423 | €2,938 | -€20,486 | -87.5% |
| Taxes, remuneration and social security | 45 | €13,857 | €12,129 | -€1,728 | -12.5% |
| Taxes | 450/3 | €10,740 | €8,995 | -€1,746 | -16.3% |
| Remuneration and social security | 454/9 | €3,116 | €3,134 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €26,093 | €68,728 | +€42,635 | +163.4% |
| Accrued charges and deferred income | 492/3 | €2,325 | €3,657 | +€1,332 | +57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,115 | €55,405 | +€18,289 | +49.3% |
| Other operating charges | 640/8 | €5,747 | €2,403 | -€3,344 | -58.2% |
| Gross operating margin | 9900 | €42,078 | €77,675 | +€35,598 | +84.6% |
| Operating profit (loss) | 9901 | -€784 | €19,868 | +€20,652 | |
| Financial income | 75/76B | €2,795 | €4,722 | +€1,927 | +68.9% |
| Recurring financial income | 75 | €2,795 | €4,722 | +€1,927 | +68.9% |
| Financial charges | 65/66B | €6,360 | €20,239 | +€13,879 | +218.2% |
| Recurring financial charges | 65 | €6,360 | €20,239 | +€13,879 | +218.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,350 | €4,351 | +€8,700 | |
| Income taxes | 67/77 | €4,124 | €3,548 | -€576 | -14.0% |
| Profit (loss) for the period | 9904 | -€8,473 | €802 | +€9,276 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,473 | €802 | +€9,276 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.