Adafi Software: 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.
Adafi Software
Largest movements
- Receivables within one year +€12,510
up €12,510 (+274.3%), from €4,561 to €17,072
of which Trade receivables: +€12,510
- Cash +€10,187
up €10,187 (+95.6%), from €10,660 to €20,847
mainly Net result for the year (+€16,381) and Depreciation (+€5,088)
- Profit (loss) carried forward +€16,381
up €16,381 (+42.8%), from -€38,298 to -€21,917
- Trade debts +€4,304
up €4,304 (+150.6%), from €2,858 to €7,161
- Tax, wage and social debts +€3,489
up €3,489 (+134.2%), from €2,599 to €6,088
- Other debts -€1,338
down €1,338 (-59.9%), from €2,233 to €895
- Gross operating margin +€20,634
up €20,634 (+100.3%), from €20,565 to €41,200
- Other operating charges +€9,239
up €9,239 (+188.0%), from €4,915 to €14,154
- Taxes +€4,331
up €4,331 (+2483.5%), from €174 to €4,506
- Write-downs -€600
no longer reported in 2025 (was €600)
- Depreciation -€425
down €425 (-7.7%), from €5,513 to €5,088
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 | €34,807 | €57,113 | +€22,306 | +64.1% |
| Formation expenses | 20 | €537 | €118 | -€419 | -78.0% |
| Fixed assets | 21/28 | €11,819 | €11,396 | -€423 | -3.6% |
| Tangible fixed assets | 22/27 | €11,819 | €11,396 | -€423 | -3.6% |
| Furniture and vehicles | 24 | €3,789 | €5,663 | +€1,873 | +49.4% |
| Leasing and similar rights | 25 | €2,123 | €945 | -€1,178 | -55.5% |
| Other tangible fixed assets | 26 | €5,907 | €4,788 | -€1,119 | -18.9% |
| Current assets | 29/58 | €22,451 | €45,599 | +€23,148 | +103.1% |
| Stocks and contracts in progress | 3 | €111 | €111 | = | 0.0% |
| Stocks | 30/36 | €111 | €111 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,561 | €17,072 | +€12,510 | +274.3% |
| Trade receivables | 40 | €4,466 | €16,977 | +€12,510 | +280.1% |
| Other amounts receivable | 41 | €95 | €95 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,660 | €20,847 | +€10,187 | +95.6% |
| Deferred charges and accrued income | 490/1 | €7,118 | €7,569 | +€451 | +6.3% |
| Total equity and liabilities | 10/49 | €34,807 | €57,113 | +€22,306 | +64.1% |
| Equity | 10/15 | €26,188 | €42,569 | +€16,381 | +62.5% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Outside capital | 11 | €62,500 | €62,500 | = | 0.0% |
| Other | 1109/19 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,986 | €1,986 | = | 0.0% |
| Distributable reserves | 133 | €1,986 | €1,986 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,298 | -€21,917 | +€16,381 | +42.8% |
| Amounts payable | 17/49 | €8,619 | €14,544 | +€5,925 | +68.7% |
| Amounts payable within one year | 42/48 | €8,619 | €14,507 | +€5,888 | +68.3% |
| Financial debts | 43 | €929 | €363 | -€566 | -60.9% |
| Credit institutions | 430/8 | €929 | €363 | -€566 | -60.9% |
| Trade debts | 44 | €2,858 | €7,161 | +€4,304 | +150.6% |
| Suppliers | 440/4 | €2,858 | €7,161 | +€4,304 | +150.6% |
| Taxes, remuneration and social security | 45 | €2,599 | €6,088 | +€3,489 | +134.2% |
| Taxes | 450/3 | €2,599 | €6,088 | +€3,489 | +134.2% |
| Other amounts payable | 47/48 | €2,233 | €895 | -€1,338 | -59.9% |
| Accrued charges and deferred income | 492/3 | - | €37 | +€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,513 | €5,088 | -€425 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €600 | - | -€600 | |
| Other operating charges | 640/8 | €4,915 | €14,154 | +€9,239 | +188.0% |
| Gross operating margin | 9900 | €20,565 | €41,200 | +€20,634 | +100.3% |
| Operating profit (loss) | 9901 | €9,538 | €21,958 | +€12,420 | +130.2% |
| Financial income | 75/76B | €67 | €16 | -€50 | -75.3% |
| Recurring financial income | 75 | €67 | €16 | -€50 | -75.3% |
| Financial charges | 65/66B | €1,410 | €1,088 | -€322 | -22.8% |
| Recurring financial charges | 65 | €1,410 | €1,088 | -€322 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €8,195 | €20,886 | +€12,691 | +154.9% |
| Income taxes | 67/77 | €174 | €4,506 | +€4,331 | +2483.5% |
| Profit (loss) for the period | 9904 | €8,020 | €16,381 | +€8,360 | +104.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,020 | €16,381 | +€8,360 | +104.2% |
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.