Adapstract: 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.
Adapstract
Largest movements
- Cash +€33,894
up €33,894 (+34.9%), from €97,160 to €131,054
mainly Net result for the year (+€94,032) and Other debts (+€61,368)
- Current investments -€32,247
down €32,247 (-50.4%), from €64,000 to €31,753
- Receivables within one year -€7,980
down €7,980 (-25.0%), from €31,884 to €23,903
of which Trade receivables: -€8,962
- Deferred charges and accrued income -€2,834
no longer reported in 2025 (was €2,834)
- Reserves -€66,174
no longer reported in 2025 (was €66,174)
- Other debts +€61,368
up €61,368 (+62.2%), from €98,632 to €160,000
- Gross operating margin +€28,072
up €28,072 (+32.6%), from €86,167 to €114,240
- Taxes +€9,043
up €9,043 (+50.8%), from €17,801 to €26,843
- Financial income +€8,221
up €8,221 (+4442.0%), from €185 to €8,406
- Financial charges +€6,548
up €6,548, from -€5,523 to €1,025
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 | €195,877 | €188,227 | -€7,650 | -3.9% |
| Fixed assets | 21/28 | - | €1,517 | +€1,517 | |
| Tangible fixed assets | 22/27 | - | €1,517 | +€1,517 | |
| Plant, machinery and equipment | 23 | - | €1,517 | +€1,517 | |
| Current assets | 29/58 | €195,877 | €186,710 | -€9,167 | -4.7% |
| Amounts receivable within one year | 40/41 | €31,884 | €23,903 | -€7,980 | -25.0% |
| Trade receivables | 40 | €31,884 | €22,922 | -€8,962 | -28.1% |
| Other amounts receivable | 41 | - | €982 | +€982 | |
| Current investments | 50/53 | €64,000 | €31,753 | -€32,247 | -50.4% |
| Cash at bank and in hand | 54/58 | €97,160 | €131,054 | +€33,894 | +34.9% |
| Deferred charges and accrued income | 490/1 | €2,834 | - | -€2,834 | |
| Total equity and liabilities | 10/49 | €195,877 | €188,227 | -€7,650 | -3.9% |
| Equity | 10/15 | €69,174 | €3,206 | -€65,968 | -95.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €66,174 | - | -€66,174 | |
| Distributable reserves | 133 | €66,174 | - | -€66,174 | |
| Profit (loss) carried forward | 14 | - | €206 | +€206 | |
| Amounts payable | 17/49 | €126,703 | €185,021 | +€58,318 | +46.0% |
| Amounts payable within one year | 42/48 | €126,703 | €185,021 | +€58,318 | +46.0% |
| Trade debts | 44 | €1,943 | €72 | -€1,871 | -96.3% |
| Suppliers | 440/4 | €1,943 | €72 | -€1,871 | -96.3% |
| Taxes, remuneration and social security | 45 | €26,128 | €24,949 | -€1,179 | -4.5% |
| Taxes | 450/3 | €26,128 | €24,789 | -€1,339 | -5.1% |
| Remuneration and social security | 454/9 | - | €160 | +€160 | |
| Other amounts payable | 47/48 | €98,632 | €160,000 | +€61,368 | +62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €217 | +€217 | |
| Other operating charges | 640/8 | €254 | €528 | +€274 | +107.6% |
| Gross operating margin | 9900 | €86,167 | €114,240 | +€28,072 | +32.6% |
| Operating profit (loss) | 9901 | €85,913 | €113,495 | +€27,582 | +32.1% |
| Financial income | 75/76B | €185 | €8,406 | +€8,221 | +4442.0% |
| Recurring financial income | 75 | €185 | €8,406 | +€8,221 | +4442.0% |
| Financial charges | 65/66B | -€5,523 | €1,025 | +€6,548 | |
| Recurring financial charges | 65 | -€5,523 | €1,025 | +€6,548 | |
| Profit (loss) for the period before taxes | 9903 | €91,622 | €120,876 | +€29,254 | +31.9% |
| Income taxes | 67/77 | €17,801 | €26,843 | +€9,043 | +50.8% |
| Profit (loss) for the period | 9904 | €73,821 | €94,032 | +€20,212 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,821 | €94,032 | +€20,212 | +27.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.