ADAPTIF: 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.
ADAPTIF
Largest movements
- Receivables after one year -€24,000
no longer reported in 2025 (was €24,000)
- Cash +€10,298
up €10,298 (+21.3%), from €48,426 to €58,724
mainly Net result for the year (+€58,206) and Receivables after one year (+€24,000)
- Receivables within one year -€6,439
down €6,439 (-33.2%), from €19,388 to €12,949
of which Trade receivables: -€14,398
- Deferred charges and accrued income -€2,518
down €2,518 (-94.0%), from €2,678 to €160
- Tangible fixed assets -€1,912
down €1,912 (-48.4%), from €3,949 to €2,037
of which Plant, machinery and equipment: -€1,411
- Other debts -€24,166
down €24,166 (-32.6%), from €74,166 to €50,000
- Profit (loss) carried forward +€8,206
new in 2025: €8,206
- Tax, wage and social debts -€6,439
down €6,439 (-30.3%), from €21,263 to €14,824
- Trade debts -€1,363
down €1,363 (-80.0%), from €1,703 to €340
- Taxes +€4,715
up €4,715 (+25.9%), from €18,214 to €22,929
- Depreciation -€1,904
down €1,904 (-49.9%), from €3,816 to €1,912
- Gross operating margin +€1,805
up €1,805 (+2.2%), from €83,275 to €85,080
- Other operating charges +€1,473
up €1,473 (+111%), from €1,323 to €2,796
- Financial income -€1,305
down €1,305 (-54.5%), from €2,396 to €1,091
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 | €98,441 | €73,870 | -€24,571 | -25.0% |
| Fixed assets | 21/28 | €3,949 | €2,037 | -€1,912 | -48.4% |
| Tangible fixed assets | 22/27 | €3,949 | €2,037 | -€1,912 | -48.4% |
| Plant, machinery and equipment | 23 | €3,448 | €2,037 | -€1,411 | -40.9% |
| Furniture and vehicles | 24 | €501 | - | -€501 | |
| Current assets | 29/58 | €94,492 | €71,833 | -€22,659 | -24.0% |
| Amounts receivable after more than one year | 29 | €24,000 | - | -€24,000 | |
| Other amounts receivable | 291 | €24,000 | - | -€24,000 | |
| Amounts receivable within one year | 40/41 | €19,388 | €12,949 | -€6,439 | -33.2% |
| Trade receivables | 40 | €14,398 | - | -€14,398 | |
| Other amounts receivable | 41 | €4,990 | €12,949 | +€7,959 | +159% |
| Cash at bank and in hand | 54/58 | €48,426 | €58,724 | +€10,298 | +21.3% |
| Deferred charges and accrued income | 490/1 | €2,678 | €160 | -€2,518 | -94.0% |
| Total equity and liabilities | 10/49 | €98,441 | €73,870 | -€24,571 | -25.0% |
| Equity | 10/15 | €500 | €8,706 | +€8,206 | +1,641% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €8,206 | +€8,206 | |
| Amounts payable | 17/49 | €97,941 | €65,164 | -€32,777 | -33.5% |
| Amounts payable within one year | 42/48 | €97,132 | €65,164 | -€31,968 | -32.9% |
| Trade debts | 44 | €1,703 | €340 | -€1,363 | -80.0% |
| Suppliers | 440/4 | €1,703 | €340 | -€1,363 | -80.0% |
| Taxes, remuneration and social security | 45 | €21,263 | €14,824 | -€6,439 | -30.3% |
| Taxes | 450/3 | €21,263 | €14,824 | -€6,439 | -30.3% |
| Other amounts payable | 47/48 | €74,166 | €50,000 | -€24,166 | -32.6% |
| Accrued charges and deferred income | 492/3 | €809 | - | -€809 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,816 | €1,912 | -€1,904 | -49.9% |
| Other operating charges | 640/8 | €1,323 | €2,796 | +€1,473 | +111% |
| Gross operating margin | 9900 | €83,275 | €85,080 | +€1,805 | +2.2% |
| Operating profit (loss) | 9901 | €78,136 | €80,372 | +€2,236 | +2.9% |
| Financial income | 75/76B | €2,396 | €1,091 | -€1,305 | -54.5% |
| Recurring financial income | 75 | €2,396 | €1,091 | -€1,305 | -54.5% |
| Financial charges | 65/66B | €142 | €328 | +€186 | +131% |
| Recurring financial charges | 65 | €142 | €328 | +€186 | +131% |
| Profit (loss) for the period before taxes | 9903 | €80,390 | €81,135 | +€745 | +0.9% |
| Income taxes | 67/77 | €18,214 | €22,929 | +€4,715 | +25.9% |
| Profit (loss) for the period | 9904 | €62,176 | €58,206 | -€3,970 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,176 | €58,206 | -€3,970 | -6.4% |
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 14 October 2026 via checked.be.