Adapt To Propel: 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.
Adapt To Propel
Largest movements
- Tangible fixed assets -€9,692
down €9,692 (-20.2%), from €47,976 to €38,285
of which Furniture and vehicles: -€7,548
- Cash +€725
up €725 (+7.8%), from €9,289 to €10,014
mainly Depreciation (+€9,692) and Receivables within one year (+€557)
- Debts after one year -€5,749
down €5,749 (-28.1%), from €20,452 to €14,702
- Other debts -€4,267
down €4,267 (-14.2%), from €30,007 to €25,741
- Gross operating margin +€6,825
up €6,825 (+138%), from €4,929 to €11,754
- Depreciation +€5,095
up €5,095 (+111%), from €4,596 to €9,692
- Other operating charges +€848
up €848 (+205%), from €414 to €1,262
- Taxes +€230
up €230 (+1,393%), from €17 to €247
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.
Derived cash bridge
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 | €61,190 | €51,490 | -€9,700 | -15.9% |
| Fixed assets | 21/28 | €47,976 | €38,285 | -€9,692 | -20.2% |
| Tangible fixed assets | 22/27 | €47,976 | €38,285 | -€9,692 | -20.2% |
| Plant, machinery and equipment | 23 | €17,441 | €15,297 | -€2,143 | -12.3% |
| Furniture and vehicles | 24 | €30,536 | €22,987 | -€7,548 | -24.7% |
| Current assets | 29/58 | €13,214 | €13,205 | -€8 | -0.1% |
| Amounts receivable within one year | 40/41 | €2,233 | €1,676 | -€557 | -24.9% |
| Trade receivables | 40 | €2,233 | €1,613 | -€620 | -27.7% |
| Other amounts receivable | 41 | - | €63 | +€63 | |
| Cash at bank and in hand | 54/58 | €9,289 | €10,014 | +€725 | +7.8% |
| Deferred charges and accrued income | 490/1 | €1,691 | €1,515 | -€176 | -10.4% |
| Total equity and liabilities | 10/49 | €61,190 | €51,490 | -€9,700 | -15.9% |
| Equity | 10/15 | €3,965 | €4,057 | +€93 | +2.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,035 | -€5,943 | +€93 | +1.5% |
| Amounts payable | 17/49 | €57,225 | €47,433 | -€9,792 | -17.1% |
| Amounts payable after more than one year | 17 | €20,452 | €14,702 | -€5,749 | -28.1% |
| Financial debts | 170/4 | €20,452 | €14,702 | -€5,749 | -28.1% |
| Amounts payable within one year | 42/48 | €36,773 | €32,731 | -€4,043 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €5,676 | €5,749 | +€74 | +1.3% |
| Trade debts | 44 | €1,074 | €1,240 | +€166 | +15.5% |
| Suppliers | 440/4 | €1,074 | €1,240 | +€166 | +15.5% |
| Taxes, remuneration and social security | 45 | €17 | €0 | -€17 | -100% |
| Taxes | 450/3 | €17 | €0 | -€17 | -100% |
| Other amounts payable | 47/48 | €30,007 | €25,741 | -€4,267 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,596 | €9,692 | +€5,095 | +111% |
| Other operating charges | 640/8 | €414 | €1,262 | +€848 | +205% |
| Gross operating margin | 9900 | €4,929 | €11,754 | +€6,825 | +138% |
| Operating profit (loss) | 9901 | -€81 | €801 | +€882 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €496 | €461 | -€35 | -7.0% |
| Recurring financial charges | 65 | €496 | €461 | -€35 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€577 | €340 | +€917 | |
| Income taxes | 67/77 | €17 | €247 | +€230 | +1,393% |
| Profit (loss) for the period | 9904 | -€594 | €93 | +€686 | |
| Profit (loss) for the period to be appropriated | 9905 | -€594 | €93 | +€686 |
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 26 October 2026 via checked.be.