ADAPT CONSULTING: what changed
ADAPT CONSULTING
Largest movements
- Tangible fixed assets +€126,988
up €126,988 (+364,594%), from €35 to €127,023
of which Land and buildings: +€124,743
- Receivables within one year -€16,177
down €16,177 (-38.3%), from €42,282 to €26,105
of which Trade receivables: -€15,687
- Cash -€11,781
down €11,781 (-66.8%), from €17,625 to €5,843
mainly Investment in fixed assets (net) (-€129,720) and Contributions, distributions and other (-€47,484)
- Current investments +€4,000
up €4,000 (+20.0%), from €20,000 to €24,000
- Deferred charges and accrued income -€3,642
down €3,642 (-34.4%), from €10,590 to €6,948
- Debts after one year +€113,502
new in 2025: €113,502
- Other debts -€23,462
down €23,462 (-32.7%), from €71,770 to €48,308
- Current portion of long-term debt +€6,663
new in 2025: €6,663
- Trade debts +€2,060
up €2,060 (+137%), from €1,506 to €3,566
- Gross operating margin +€22,080
up €22,080 (+30.7%), from €71,861 to €93,941
- Other operating charges +€16,451
up €16,451 (+1,485%), from €1,108 to €17,559
- Taxes +€7,844
up €7,844 (+53.5%), from €14,665 to €22,509
- Financial charges +€4,058
up €4,058 (+1,719%), from €236 to €4,294
- Depreciation +€1,989
up €1,989 (+267%), from €743 to €2,732
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,781 | €190,169 | +€99,388 | +109% |
| Fixed assets | 21/28 | €285 | €127,273 | +€126,988 | +44,584% |
| Tangible fixed assets | 22/27 | €35 | €127,023 | +€126,988 | +364,594% |
| Land and buildings | 22 | - | €124,743 | +€124,743 | |
| Plant, machinery and equipment | 23 | - | €2,280 | +€2,280 | |
| Furniture and vehicles | 24 | €35 | - | -€35 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €90,496 | €62,896 | -€27,600 | -30.5% |
| Amounts receivable within one year | 40/41 | €42,282 | €26,105 | -€16,177 | -38.3% |
| Trade receivables | 40 | €40,911 | €25,224 | -€15,687 | -38.3% |
| Other amounts receivable | 41 | €1,371 | €881 | -€491 | -35.8% |
| Current investments | 50/53 | €20,000 | €24,000 | +€4,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €17,625 | €5,843 | -€11,781 | -66.8% |
| Deferred charges and accrued income | 490/1 | €10,590 | €6,948 | -€3,642 | -34.4% |
| Total equity and liabilities | 10/49 | €90,781 | €190,169 | +€99,388 | +109% |
| Equity | 10/15 | €14,572 | €14,572 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,572 | €12,572 | = | 0.0% |
| Distributable reserves | 133 | €12,572 | €12,572 | = | 0.0% |
| Amounts payable | 17/49 | €76,209 | €175,596 | +€99,388 | +130% |
| Amounts payable after more than one year | 17 | - | €113,502 | +€113,502 | |
| Financial debts | 170/4 | - | €113,502 | +€113,502 | |
| Amounts payable within one year | 42/48 | €76,121 | €62,094 | -€14,027 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,663 | +€6,663 | |
| Trade debts | 44 | €1,506 | €3,566 | +€2,060 | +137% |
| Suppliers | 440/4 | €1,506 | €3,566 | +€2,060 | +137% |
| Taxes, remuneration and social security | 45 | €2,845 | €3,558 | +€713 | +25.0% |
| Taxes | 450/3 | €2,845 | €3,558 | +€713 | +25.0% |
| Other amounts payable | 47/48 | €71,770 | €48,308 | -€23,462 | -32.7% |
| Accrued charges and deferred income | 492/3 | €87 | - | -€87 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €743 | €2,732 | +€1,989 | +267% |
| Other operating charges | 640/8 | €1,108 | €17,559 | +€16,451 | +1,485% |
| Gross operating margin | 9900 | €71,861 | €93,941 | +€22,080 | +30.7% |
| Operating profit (loss) | 9901 | €70,009 | €73,650 | +€3,640 | +5.2% |
| Financial income | 75/76B | €122 | €638 | +€516 | +423% |
| Recurring financial income | 75 | €122 | €638 | +€516 | +423% |
| Financial charges | 65/66B | €236 | €4,294 | +€4,058 | +1,719% |
| Recurring financial charges | 65 | €236 | €4,294 | +€4,058 | +1,719% |
| Profit (loss) for the period before taxes | 9903 | €69,895 | €69,994 | +€98 | +0.1% |
| Income taxes | 67/77 | €14,665 | €22,509 | +€7,844 | +53.5% |
| Profit (loss) for the period | 9904 | €55,230 | €47,484 | -€7,746 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,230 | €47,484 | -€7,746 | -14.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.