ADAPTA: 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.
ADAPTA
Largest movements
- Tangible fixed assets -€56,255
down €56,255 (-87.4%), from €64,400 to €8,145
of which Land and buildings: -€57,691
- Stocks and contracts +€56,000
up €56,000 (+154%), from €36,400 to €92,400
of which Contracts in progress: +€56,000
- Cash +€18,725
new in 2025: €18,725
mainly Investment in fixed assets (net) (+€54,494) and Other debts (+€15,445)
- Receivables within one year -€9,708
down €9,708 (-68.9%), from €14,089 to €4,380
of which Trade receivables: -€7,226
- Other debts +€15,445
up €15,445 (+22.7%), from €67,897 to €83,342
- Profit (loss) carried forward -€5,895
down €5,895 (-68.6%), from €8,591 to €2,696
- Trade debts +€2,411
up €2,411 (+12.3%), from €19,632 to €22,043
- Tax, wage and social debts -€1,359
down €1,359 (-90.6%), from €1,500 to €141
of which Remuneration and social security: -€1,500
- Gross operating margin -€21,655
down €21,655, from €10,288 to -€11,367
- Depreciation -€7,618
down €7,618 (-81.2%), from €9,378 to €1,761
- Taxes +€523
up €523, from -€382 to €141
- Financial charges -€281
down €281 (-37.2%), from €756 to €475
- Other operating charges +€201
up €201 (+22.3%), from €897 to €1,098
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 | €114,957 | €124,399 | +€9,442 | +8.2% |
| Fixed assets | 21/28 | €64,400 | €8,145 | -€56,255 | -87.4% |
| Tangible fixed assets | 22/27 | €64,400 | €8,145 | -€56,255 | -87.4% |
| Land and buildings | 22 | €57,691 | - | -€57,691 | |
| Plant, machinery and equipment | 23 | €1,768 | - | -€1,768 | |
| Furniture and vehicles | 24 | €4,941 | €8,145 | +€3,204 | +64.9% |
| Current assets | 29/58 | €50,558 | €116,255 | +€65,697 | +130% |
| Stocks and contracts in progress | 3 | €36,400 | €92,400 | +€56,000 | +154% |
| Stocks | 30/36 | €2,400 | €2,400 | = | 0.0% |
| Contracts in progress | 37 | €34,000 | €90,000 | +€56,000 | +165% |
| Amounts receivable within one year | 40/41 | €14,089 | €4,380 | -€9,708 | -68.9% |
| Trade receivables | 40 | €7,226 | - | -€7,226 | |
| Other amounts receivable | 41 | €6,863 | €4,380 | -€2,483 | -36.2% |
| Cash at bank and in hand | 54/58 | - | €18,725 | +€18,725 | |
| Deferred charges and accrued income | 490/1 | €69 | €749 | +€680 | +983% |
| Total equity and liabilities | 10/49 | €114,957 | €124,399 | +€9,442 | +8.2% |
| Equity | 10/15 | €24,768 | €18,873 | -€5,895 | -23.8% |
| Contributions | 10/11 | €12,643 | €12,643 | = | 0.0% |
| Reserves | 13 | €3,535 | €3,535 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,676 | €1,676 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,591 | €2,696 | -€5,895 | -68.6% |
| Amounts payable | 17/49 | €90,189 | €105,526 | +€15,337 | +17.0% |
| Amounts payable within one year | 42/48 | €90,189 | €105,526 | +€15,337 | +17.0% |
| Financial debts | 43 | €1,160 | - | -€1,160 | |
| Credit institutions | 430/8 | €1,160 | - | -€1,160 | |
| Trade debts | 44 | €19,632 | €22,043 | +€2,411 | +12.3% |
| Suppliers | 440/4 | €19,632 | €22,043 | +€2,411 | +12.3% |
| Taxes, remuneration and social security | 45 | €1,500 | €141 | -€1,359 | -90.6% |
| Taxes | 450/3 | - | €141 | +€141 | |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €67,897 | €83,342 | +€15,445 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,378 | €1,761 | -€7,618 | -81.2% |
| Other operating charges | 640/8 | €897 | €1,098 | +€201 | +22.3% |
| Non-recurring operating charges | 66A | €1,999 | -€8,593 | -€10,592 | |
| Gross operating margin | 9900 | €10,288 | -€11,367 | -€21,655 | |
| Operating profit (loss) | 9901 | -€1,987 | -€5,633 | -€3,646 | -183% |
| Financial income | 75/76B | €404 | €354 | -€50 | -12.4% |
| Recurring financial income | 75 | €404 | €354 | -€50 | -12.4% |
| Financial charges | 65/66B | €756 | €475 | -€281 | -37.2% |
| Recurring financial charges | 65 | €756 | €475 | -€281 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,339 | -€5,754 | -€3,415 | -146% |
| Income taxes | 67/77 | -€382 | €141 | +€523 | |
| Profit (loss) for the period | 9904 | -€1,957 | -€5,895 | -€3,938 | -201% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,957 | -€5,895 | -€3,938 | -201% |
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 19 October 2026 via checked.be.