ADANTE: 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.
ADANTE
Largest movements
- Tangible fixed assets -€17,498
down €17,498 (-16.2%), from €107,755 to €90,257
- Deferred charges and accrued income +€6,735
up €6,735 (+19.4%), from €34,770 to €41,505
- Cash +€1,864
up €1,864 (+31.5%), from €5,925 to €7,789
mainly Depreciation (+€21,949) and Other debts (+€1,835)
- Tax, wage and social debts -€8,074
down €8,074 (-81.7%), from €9,878 to €1,804
- Other debts +€1,835
up €1,835 (+3.1%), from €58,712 to €60,546
- Depreciation +€5,390
up €5,390 (+32.5%), from €16,559 to €21,949
- Gross operating margin +€3,672
up €3,672 (+16.6%), from €22,075 to €25,747
- Financial charges +€1,541
up €1,541 (+6186.6%), from €25 to €1,566
- Taxes -€1,385
down €1,385 (-76.8%), from €1,804 to €419
- Other operating charges +€490
up €490 (+30.3%), from €1,618 to €2,108
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 | €150,686 | €142,940 | -€7,746 | -5.1% |
| Fixed assets | 21/28 | €108,872 | €91,374 | -€17,498 | -16.1% |
| Tangible fixed assets | 22/27 | €107,755 | €90,257 | -€17,498 | -16.2% |
| Land and buildings | 22 | €60,786 | €57,770 | -€3,015 | -5.0% |
| Plant, machinery and equipment | 23 | €16,985 | €8,728 | -€8,257 | -48.6% |
| Furniture and vehicles | 24 | €29,984 | €23,758 | -€6,226 | -20.8% |
| Financial fixed assets | 28 | €1,117 | €1,117 | = | 0.0% |
| Current assets | 29/58 | €41,814 | €51,566 | +€9,752 | +23.3% |
| Amounts receivable within one year | 40/41 | €1,119 | €2,272 | +€1,153 | +103.0% |
| Trade receivables | 40 | €1,119 | €2,272 | +€1,153 | +103.0% |
| Cash at bank and in hand | 54/58 | €5,925 | €7,789 | +€1,864 | +31.5% |
| Deferred charges and accrued income | 490/1 | €34,770 | €41,505 | +€6,735 | +19.4% |
| Total equity and liabilities | 10/49 | €150,686 | €142,940 | -€7,746 | -5.1% |
| Equity | 10/15 | €79,415 | €79,119 | -€295 | -0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €46,211 | €46,211 | = | 0.0% |
| Distributable reserves | 133 | €46,211 | €46,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,804 | €20,509 | -€295 | -1.4% |
| Amounts payable | 17/49 | €71,271 | €63,820 | -€7,451 | -10.5% |
| Amounts payable within one year | 42/48 | €70,658 | €63,146 | -€7,512 | -10.6% |
| Trade debts | 44 | €2,069 | €795 | -€1,274 | -61.6% |
| Suppliers | 440/4 | €2,069 | €795 | -€1,274 | -61.6% |
| Taxes, remuneration and social security | 45 | €9,878 | €1,804 | -€8,074 | -81.7% |
| Taxes | 450/3 | €9,878 | €1,804 | -€8,074 | -81.7% |
| Other amounts payable | 47/48 | €58,712 | €60,546 | +€1,835 | +3.1% |
| Accrued charges and deferred income | 492/3 | €613 | €674 | +€61 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,559 | €21,949 | +€5,390 | +32.5% |
| Other operating charges | 640/8 | €1,618 | €2,108 | +€490 | +30.3% |
| Gross operating margin | 9900 | €22,075 | €25,747 | +€3,672 | +16.6% |
| Operating profit (loss) | 9901 | €3,898 | €1,690 | -€2,208 | -56.6% |
| Financial charges | 65/66B | €25 | €1,566 | +€1,541 | +6186.6% |
| Recurring financial charges | 65 | €25 | €1,566 | +€1,541 | +6186.6% |
| Profit (loss) for the period before taxes | 9903 | €3,873 | €124 | -€3,749 | -96.8% |
| Income taxes | 67/77 | €1,804 | €419 | -€1,385 | -76.8% |
| Profit (loss) for the period | 9904 | €2,068 | -€295 | -€2,364 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,068 | -€295 | -€2,364 |
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 10 October 2026 via checked.be.