Adaptive Power: 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.
Adaptive Power
Largest movements
- Receivables within one year -€5,935
down €5,935 (-77.2%), from €7,686 to €1,751
of which Other amounts receivable: -€5,935
- Cash +€5,107
up €5,107 (+20.9%), from €24,380 to €29,488
mainly Net result for the year (+€22,660) and Receivables within one year (+€5,935)
- Tangible fixed assets -€712
down €712 (-99.5%), from €715 to €4
- Deferred charges and accrued income +€387
up €387 (+152%), from €255 to €642
- Reserves +€5,920
up €5,920 (+35.4%), from €16,730 to €22,650
- Tax, wage and social debts -€5,868
down €5,868 (-46.5%), from €12,625 to €6,757
- Trade debts -€986
down €986 (-41.0%), from €2,406 to €1,421
- Gross operating margin +€8,264
up €8,264 (+34.0%), from €24,324 to €32,588
- Taxes +€1,958
up €1,958 (+34.8%), from €5,635 to €7,594
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 | €34,037 | €32,885 | -€1,152 | -3.4% |
| Fixed assets | 21/28 | €1,715 | €1,004 | -€712 | -41.5% |
| Tangible fixed assets | 22/27 | €715 | €4 | -€712 | -99.5% |
| Furniture and vehicles | 24 | €715 | €4 | -€712 | -99.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €32,321 | €31,881 | -€440 | -1.4% |
| Amounts receivable within one year | 40/41 | €7,686 | €1,751 | -€5,935 | -77.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €7,686 | €1,751 | -€5,935 | -77.2% |
| Cash at bank and in hand | 54/58 | €24,380 | €29,488 | +€5,107 | +20.9% |
| Deferred charges and accrued income | 490/1 | €255 | €642 | +€387 | +152% |
| Total equity and liabilities | 10/49 | €34,037 | €32,885 | -€1,152 | -3.4% |
| Equity | 10/15 | €18,778 | €24,707 | +€5,930 | +31.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €16,730 | €22,650 | +€5,920 | +35.4% |
| Distributable reserves | 133 | €16,730 | €22,650 | +€5,920 | +35.4% |
| Profit (loss) carried forward | 14 | €48 | €57 | +€10 | +20.4% |
| Amounts payable | 17/49 | €15,259 | €8,178 | -€7,081 | -46.4% |
| Amounts payable within one year | 42/48 | €15,031 | €8,178 | -€6,854 | -45.6% |
| Trade debts | 44 | €2,406 | €1,421 | -€986 | -41.0% |
| Suppliers | 440/4 | €2,406 | €1,421 | -€986 | -41.0% |
| Taxes, remuneration and social security | 45 | €12,625 | €6,757 | -€5,868 | -46.5% |
| Taxes | 450/3 | €12,625 | €6,757 | -€5,868 | -46.5% |
| Accrued charges and deferred income | 492/3 | €228 | €0 | -€228 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,037 | €712 | -€326 | -31.4% |
| Other operating charges | 640/8 | €684 | €655 | -€29 | -4.3% |
| Gross operating margin | 9900 | €24,324 | €32,588 | +€8,264 | +34.0% |
| Operating profit (loss) | 9901 | €22,602 | €31,221 | +€8,619 | +38.1% |
| Financial income | 75/76B | €331 | €207 | -€123 | -37.3% |
| Recurring financial income | 75 | €331 | €207 | -€123 | -37.3% |
| Financial charges | 65/66B | €943 | €1,175 | +€231 | +24.5% |
| Recurring financial charges | 65 | €943 | €1,175 | +€231 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €21,989 | €30,253 | +€8,264 | +37.6% |
| Income taxes | 67/77 | €5,635 | €7,594 | +€1,958 | +34.8% |
| Profit (loss) for the period | 9904 | €16,354 | €22,660 | +€6,306 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,354 | €22,660 | +€6,306 | +38.6% |
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 16 October 2026 via checked.be.