ADAPTIV: 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.
ADAPTIV
Largest movements
- Cash +€7,679
up €7,679 (+1064.5%), from €721 to €8,400
mainly Depreciation (+€8,593) and Other debts (+€7,986)
- Intangible fixed assets -€4,000
down €4,000 (-70.6%), from €5,667 to €1,667
- Tangible fixed assets +€2,737
up €2,737 (+4.7%), from €57,954 to €60,691
of which Land and buildings: +€7,163
- Receivables within one year +€2,373
up €2,373 (+46.5%), from €5,109 to €7,482
of which Trade receivables: +€2,402
- Deferred charges and accrued income -€1,351
down €1,351 (-85.5%), from €1,581 to €230
- Other debts +€7,986
up €7,986 (+298.5%), from €2,675 to €10,661
- Tax, wage and social debts +€3,679
up €3,679 (+131.2%), from €2,805 to €6,483
of which Taxes: +€3,598
- Debts after one year -€3,204
down €3,204 (-9.0%), from €35,485 to €32,282
- Gross operating margin +€29,426
up €29,426, from -€11,606 to €17,819
- Taxes +€1,684
up €1,684 (+509.5%), from €331 to €2,014
- Staff costs +€1,079
up €1,079 (+96.5%), from €1,119 to €2,198
- Other operating charges +€929
up €929 (+42.5%), from €2,186 to €3,115
- Financial charges +€651
up €651 (+55.8%), from €1,167 to €1,818
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 | €71,032 | €78,471 | +€7,439 | +10.5% |
| Fixed assets | 21/28 | €63,621 | €62,358 | -€1,263 | -2.0% |
| Intangible fixed assets | 21 | €5,667 | €1,667 | -€4,000 | -70.6% |
| Tangible fixed assets | 22/27 | €57,954 | €60,691 | +€2,737 | +4.7% |
| Land and buildings | 22 | - | €7,163 | +€7,163 | |
| Plant, machinery and equipment | 23 | €3,091 | €2,212 | -€880 | -28.5% |
| Furniture and vehicles | 24 | €345 | €221 | -€124 | -35.9% |
| Other tangible fixed assets | 26 | €54,518 | €51,096 | -€3,422 | -6.3% |
| Current assets | 29/58 | €7,411 | €16,113 | +€8,702 | +117.4% |
| Amounts receivable within one year | 40/41 | €5,109 | €7,482 | +€2,373 | +46.5% |
| Trade receivables | 40 | €5,081 | €7,482 | +€2,402 | +47.3% |
| Other amounts receivable | 41 | €28 | - | -€28 | |
| Cash at bank and in hand | 54/58 | €721 | €8,400 | +€7,679 | +1064.5% |
| Deferred charges and accrued income | 490/1 | €1,581 | €230 | -€1,351 | -85.5% |
| Total equity and liabilities | 10/49 | €71,032 | €78,471 | +€7,439 | +10.5% |
| Equity | 10/15 | €25,974 | €25,569 | -€406 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,649 | €30,244 | -€406 | -1.3% |
| Distributable reserves | 133 | €30,649 | €30,244 | -€406 | -1.3% |
| Profit (loss) carried forward | 14 | -€23,275 | -€23,275 | = | 0.0% |
| Amounts payable | 17/49 | €45,057 | €52,902 | +€7,844 | +17.4% |
| Amounts payable after more than one year | 17 | €35,485 | €32,282 | -€3,204 | -9.0% |
| Financial debts | 170/4 | €35,485 | €32,282 | -€3,204 | -9.0% |
| Amounts payable within one year | 42/48 | €9,572 | €20,620 | +€11,048 | +115.4% |
| Current portion of amounts payable after more than one year | 42 | €3,151 | €3,204 | +€52 | +1.7% |
| Trade debts | 44 | €941 | €272 | -€670 | -71.2% |
| Suppliers | 440/4 | €941 | €272 | -€670 | -71.2% |
| Taxes, remuneration and social security | 45 | €2,805 | €6,483 | +€3,679 | +131.2% |
| Taxes | 450/3 | €2,805 | €6,402 | +€3,598 | +128.3% |
| Remuneration and social security | 454/9 | - | €81 | +€81 | |
| Other amounts payable | 47/48 | €2,675 | €10,661 | +€7,986 | +298.5% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €1,119 | €2,198 | +€1,079 | +96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,426 | €8,593 | +€167 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €496 | +€496 | |
| Other operating charges | 640/8 | €2,186 | €3,115 | +€929 | +42.5% |
| Gross operating margin | 9900 | -€11,606 | €17,819 | +€29,426 | |
| Operating profit (loss) | 9901 | -€23,336 | €3,417 | +€26,754 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,167 | €1,818 | +€651 | +55.8% |
| Recurring financial charges | 65 | €1,167 | €1,818 | +€651 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,503 | €1,609 | +€26,112 | |
| Income taxes | 67/77 | €331 | €2,014 | +€1,684 | +509.5% |
| Profit (loss) for the period | 9904 | -€24,833 | -€405 | +€24,428 | +98.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,833 | -€405 | +€24,428 | +98.4% |
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 11 October 2026 via checked.be.