Adaequatio Services: 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.
Adaequatio Services
Largest movements
- Receivables within one year +€42,834
up €42,834 (+125%), from €34,239 to €77,074
of which Other amounts receivable: +€33,401
- Cash -€3,864
down €3,864 (-30.1%), from €12,830 to €8,966
mainly Receivables within one year (-€42,834) and Contributions, distributions and other (-€38,168)
- Tangible fixed assets +€3,102
up €3,102 (+239%), from €1,301 to €4,403
of which Furniture and vehicles: +€3,289
- Deferred charges and accrued income +€1,537
up €1,537, from €0 to €1,537
- Other debts +€38,168
new in 2025: €38,168
- Trade debts -€20,688
down €20,688 (-61.3%), from €33,747 to €13,060
- Profit (loss) carried forward +€16,191
up €16,191, from -€16,191 to €0
- Tax, wage and social debts +€9,939
up €9,939 (+95.5%), from €10,404 to €20,342
of which Taxes: +€9,239
- Gross operating margin +€68,636
up €68,636 (+1,841%), from €3,728 to €72,364
- Taxes +€15,602
up €15,602 (+4,971%), from €314 to €15,916
- Financial income +€895
up €895 (+107%), from €839 to €1,734
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 | €48,420 | €92,030 | +€43,610 | +90.1% |
| Fixed assets | 21/28 | €1,351 | €4,453 | +€3,102 | +230% |
| Tangible fixed assets | 22/27 | €1,301 | €4,403 | +€3,102 | +239% |
| Furniture and vehicles | 24 | €0 | €3,289 | +€3,289 | |
| Other tangible fixed assets | 26 | €1,301 | €1,114 | -€187 | -14.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €47,070 | €87,577 | +€40,507 | +86.1% |
| Amounts receivable within one year | 40/41 | €34,239 | €77,074 | +€42,834 | +125% |
| Trade receivables | 40 | €16,587 | €26,021 | +€9,434 | +56.9% |
| Other amounts receivable | 41 | €17,652 | €51,053 | +€33,401 | +189% |
| Cash at bank and in hand | 54/58 | €12,830 | €8,966 | -€3,864 | -30.1% |
| Deferred charges and accrued income | 490/1 | €0 | €1,537 | +€1,537 | |
| Total equity and liabilities | 10/49 | €48,420 | €92,030 | +€43,610 | +90.1% |
| Equity | 10/15 | €4,269 | €20,460 | +€16,191 | +379% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,191 | €0 | +€16,191 | |
| Amounts payable | 17/49 | €44,151 | €71,570 | +€27,419 | +62.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €44,151 | €71,570 | +€27,419 | +62.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €33,747 | €13,060 | -€20,688 | -61.3% |
| Suppliers | 440/4 | €33,747 | €13,060 | -€20,688 | -61.3% |
| Taxes, remuneration and social security | 45 | €10,404 | €20,342 | +€9,939 | +95.5% |
| Taxes | 450/3 | €10,404 | €19,642 | +€9,239 | +88.8% |
| Remuneration and social security | 454/9 | - | €700 | +€700 | |
| Other amounts payable | 47/48 | - | €38,168 | +€38,168 | |
| Non-recurring operating income | 76A | €5,431 | €0 | -€5,431 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331 | €220 | -€111 | -33.5% |
| Other operating charges | 640/8 | €1,027 | €503 | -€525 | -51.1% |
| Gross operating margin | 9900 | €3,728 | €72,364 | +€68,636 | +1,841% |
| Operating profit (loss) | 9901 | €2,370 | €71,641 | +€69,271 | +2,923% |
| Financial income | 75/76B | €839 | €1,734 | +€895 | +107% |
| Recurring financial income | 75 | €839 | €1,734 | +€895 | +107% |
| Financial charges | 65/66B | €2,891 | €3,101 | +€210 | +7.2% |
| Recurring financial charges | 65 | €2,891 | €3,101 | +€210 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €317 | €70,274 | +€69,957 | +22,040% |
| Income taxes | 67/77 | €314 | €15,916 | +€15,602 | +4,971% |
| Profit (loss) for the period | 9904 | €4 | €54,359 | +€54,355 | +1,531,132% |
| Profit (loss) for the period to be appropriated | 9905 | €4 | €54,359 | +€54,355 | +1,531,132% |
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 15 October 2026 via checked.be.