Adaptez: 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.
Adaptez
Largest movements
- Cash +€400,781
up €400,781 (+83.8%), from €477,979 to €878,760
mainly Net result for the year (+€474,213) and Trade debts (+€165,039)
- Receivables within one year +€189,293
up €189,293 (+79.0%), from €239,463 to €428,756
of which Trade receivables: +€165,096
- Tangible fixed assets -€56,190
down €56,190 (-16.9%), from €332,858 to €276,668
of which Leasing and similar rights: -€87,343
- Reserves +€474,213
up €474,213 (+159.2%), from €297,848 to €772,060
- Trade debts +€165,039
up €165,039 (+62.0%), from €266,218 to €431,257
- Debts after one year -€73,450
down €73,450 (-36.1%), from €203,670 to €130,220
- Gross operating margin +€838,488
up €838,488 (+64.9%), from €1.3m to €2.1m
- Staff costs +€406,970
up €406,970 (+43.0%), from €946,140 to €1.4m
- Taxes +€108,168
up €108,168 (+166.6%), from €64,915 to €173,084
- Depreciation +€27,164
up €27,164 (+36.8%), from €73,770 to €100,934
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 | €1,147,515 | €1,697,084 | +€549,569 | +47.9% |
| Fixed assets | 21/28 | €336,218 | €280,028 | -€56,190 | -16.7% |
| Tangible fixed assets | 22/27 | €332,858 | €276,668 | -€56,190 | -16.9% |
| Plant, machinery and equipment | 23 | €18,483 | €23,962 | +€5,479 | +29.6% |
| Furniture and vehicles | 24 | €27,338 | €53,012 | +€25,674 | +93.9% |
| Leasing and similar rights | 25 | €287,037 | €199,694 | -€87,343 | -30.4% |
| Financial fixed assets | 28 | €3,360 | €3,360 | = | 0.0% |
| Current assets | 29/58 | €811,298 | €1,417,056 | +€605,759 | +74.7% |
| Stocks and contracts in progress | 3 | €50,550 | €55,010 | +€4,460 | +8.8% |
| Stocks | 30/36 | €50,550 | €55,010 | +€4,460 | +8.8% |
| Amounts receivable within one year | 40/41 | €239,463 | €428,756 | +€189,293 | +79.0% |
| Trade receivables | 40 | €236,034 | €401,131 | +€165,096 | +69.9% |
| Other amounts receivable | 41 | €3,429 | €27,626 | +€24,196 | +705.6% |
| Cash at bank and in hand | 54/58 | €477,979 | €878,760 | +€400,781 | +83.8% |
| Deferred charges and accrued income | 490/1 | €43,305 | €54,530 | +€11,225 | +25.9% |
| Total equity and liabilities | 10/49 | €1,147,515 | €1,697,084 | +€549,569 | +47.9% |
| Equity | 10/15 | €350,389 | €824,602 | +€474,213 | +135.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €297,848 | €772,060 | +€474,213 | +159.2% |
| Distributable reserves | 133 | €297,848 | €772,060 | +€474,213 | +159.2% |
| Profit (loss) carried forward | 14 | €32,541 | €32,541 | = | 0.0% |
| Amounts payable | 17/49 | €797,126 | €872,482 | +€75,356 | +9.5% |
| Amounts payable after more than one year | 17 | €203,670 | €130,220 | -€73,450 | -36.1% |
| Financial debts | 170/4 | €203,670 | €130,220 | -€73,450 | -36.1% |
| Amounts payable within one year | 42/48 | €593,456 | €742,262 | +€148,806 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €94,120 | €98,977 | +€4,857 | +5.2% |
| Trade debts | 44 | €266,218 | €431,257 | +€165,039 | +62.0% |
| Suppliers | 440/4 | €266,218 | €431,257 | +€165,039 | +62.0% |
| Taxes, remuneration and social security | 45 | €225,741 | €211,265 | -€14,476 | -6.4% |
| Taxes | 450/3 | €114,919 | €74,892 | -€40,027 | -34.8% |
| Remuneration and social security | 454/9 | €110,822 | €136,372 | +€25,551 | +23.1% |
| Other amounts payable | 47/48 | €7,378 | €764 | -€6,614 | -89.6% |
| Remuneration, social security and pensions | 62 | €946,140 | €1,353,111 | +€406,970 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,770 | €100,934 | +€27,164 | +36.8% |
| Other operating charges | 640/8 | €23,103 | €7,840 | -€15,263 | -66.1% |
| Non-recurring operating charges | 66A | €3,061 | €632 | -€2,428 | -79.3% |
| Gross operating margin | 9900 | €1,292,824 | €2,131,312 | +€838,488 | +64.9% |
| Operating profit (loss) | 9901 | €246,750 | €668,795 | +€422,046 | +171.0% |
| Financial income | 75/76B | €172 | €456 | +€284 | +165.0% |
| Recurring financial income | 75 | €172 | €456 | +€284 | +165.0% |
| Financial charges | 65/66B | €18,759 | €21,955 | +€3,195 | +17.0% |
| Recurring financial charges | 65 | €18,759 | €21,955 | +€3,195 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €228,162 | €647,297 | +€419,134 | +183.7% |
| Income taxes | 67/77 | €64,915 | €173,084 | +€108,168 | +166.6% |
| Profit (loss) for the period | 9904 | €163,247 | €474,213 | +€310,966 | +190.5% |
| Profit (loss) for the period to be appropriated | 9905 | €163,247 | €474,213 | +€310,966 | +190.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.