Adappter: 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.
Adappter
Largest movements
- Receivables within one year -€35,288
down €35,288 (-69.4%), from €50,861 to €15,573
of which Trade receivables: -€37,116
- Cash -€26,989
down €26,989 (-40.8%), from €66,171 to €39,182
mainly Net result for the year (-€48,425) and Investment in fixed assets (net) (-€14,753)
- Tangible fixed assets -€6,156
down €6,156 (-6.9%), from €88,696 to €82,541
of which Leasing and similar rights: -€14,317
- Deferred charges and accrued income +€3,605
up €3,605 (+123.2%), from €2,926 to €6,531
- Reserves -€50,000
down €50,000 (-43.5%), from €114,898 to €64,898
- Debts after one year -€13,571
down €13,571 (-26.7%), from €50,868 to €37,296
- Tax, wage and social debts -€4,978
down €4,978 (-70.5%), from €7,057 to €2,079
- Gross operating margin -€50,699
down €50,699, from €28,486 to -€22,213
- Depreciation +€6,109
up €6,109 (+41.3%), from €14,799 to €20,908
- Taxes -€3,516
down €3,516 (-94.8%), from €3,710 to €194
- Other operating charges +€1,674
up €1,674 (+78.7%), from €2,128 to €3,801
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 | €208,655 | €143,827 | -€64,828 | -31.1% |
| Fixed assets | 21/28 | €88,696 | €82,541 | -€6,156 | -6.9% |
| Tangible fixed assets | 22/27 | €88,696 | €82,541 | -€6,156 | -6.9% |
| Land and buildings | 22 | €15,037 | €21,146 | +€6,109 | +40.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €10,432 | €12,483 | +€2,052 | +19.7% |
| Leasing and similar rights | 25 | €63,228 | €48,911 | -€14,317 | -22.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €119,959 | €61,287 | -€58,672 | -48.9% |
| Amounts receivable within one year | 40/41 | €50,861 | €15,573 | -€35,288 | -69.4% |
| Trade receivables | 40 | €49,450 | €12,334 | -€37,116 | -75.1% |
| Other amounts receivable | 41 | €1,411 | €3,239 | +€1,828 | +129.5% |
| Cash at bank and in hand | 54/58 | €66,171 | €39,182 | -€26,989 | -40.8% |
| Deferred charges and accrued income | 490/1 | €2,926 | €6,531 | +€3,605 | +123.2% |
| Total equity and liabilities | 10/49 | €208,655 | €143,827 | -€64,828 | -31.1% |
| Equity | 10/15 | €134,898 | €84,898 | -€50,000 | -37.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €114,898 | €64,898 | -€50,000 | -43.5% |
| Distributable reserves | 133 | €114,898 | €64,898 | -€50,000 | -43.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €73,757 | €58,930 | -€14,828 | -20.1% |
| Amounts payable after more than one year | 17 | €50,868 | €37,296 | -€13,571 | -26.7% |
| Financial debts | 170/4 | €50,868 | €37,296 | -€13,571 | -26.7% |
| Amounts payable within one year | 42/48 | €22,890 | €21,633 | -€1,256 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €13,191 | €13,571 | +€380 | +2.9% |
| Financial debts | 43 | €503 | €697 | +€194 | +38.5% |
| Credit institutions | 430/8 | €503 | €697 | +€194 | +38.5% |
| Trade debts | 44 | €2,138 | €3,711 | +€1,573 | +73.6% |
| Suppliers | 440/4 | €2,138 | €3,711 | +€1,573 | +73.6% |
| Taxes, remuneration and social security | 45 | €7,057 | €2,079 | -€4,978 | -70.5% |
| Taxes | 450/3 | €7,057 | €2,079 | -€4,978 | -70.5% |
| Other amounts payable | 47/48 | - | €1,575 | +€1,575 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,799 | €20,908 | +€6,109 | +41.3% |
| Other operating charges | 640/8 | €2,128 | €3,801 | +€1,674 | +78.7% |
| Gross operating margin | 9900 | €28,486 | -€22,213 | -€50,699 | |
| Operating profit (loss) | 9901 | €11,559 | -€46,923 | -€58,482 | |
| Financial income | 75/76B | €2 | €8 | +€5 | +238.7% |
| Recurring financial income | 75 | €2 | €8 | +€5 | +238.7% |
| Financial charges | 65/66B | €1,459 | €1,315 | -€144 | -9.8% |
| Recurring financial charges | 65 | €1,459 | €1,315 | -€144 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €10,102 | -€48,230 | -€58,333 | |
| Income taxes | 67/77 | €3,710 | €194 | -€3,516 | -94.8% |
| Profit (loss) for the period | 9904 | €6,392 | -€48,425 | -€54,817 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,392 | -€48,425 | -€54,817 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.