AdaStone: 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.
AdaStone
Largest movements
- Receivables within one year +€162,701
up €162,701 (+21.4%), from €758,953 to €921,654
of which Trade receivables: +€106,422
- Deferred charges and accrued income -€24,411
down €24,411 (-62.6%), from €39,012 to €14,601
- Cash -€20,537
down €20,537 (-20.7%), from €99,392 to €78,856
mainly Receivables within one year (-€162,701) and Debts after one year (-€12,230)
- Trade debts +€132,110
up €132,110 (+18.6%), from €711,476 to €843,586
- Debts after one year -€12,230
no longer reported in 2025 (was €12,230)
- Gross operating margin -€12,696
down €12,696 (-13.7%), from €92,533 to €79,837
- Depreciation -€10,076
down €10,076 (-80.2%), from €12,556 to €2,480
- Other operating charges +€7,499
up €7,499 (+709.1%), from €1,058 to €8,557
- Financial income +€1,931
up €1,931 (+4109.6%), from €47 to €1,978
- Financial charges -€1,649
down €1,649 (-17.4%), from €9,454 to €7,805
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 | €901,643 | €1,016,966 | +€115,323 | +12.8% |
| Fixed assets | 21/28 | €4,285 | €1,855 | -€2,430 | -56.7% |
| Tangible fixed assets | 22/27 | €3,960 | €1,480 | -€2,480 | -62.6% |
| Furniture and vehicles | 24 | €3,960 | €1,480 | -€2,480 | -62.6% |
| Financial fixed assets | 28 | €325 | €375 | +€50 | +15.4% |
| Current assets | 29/58 | €897,357 | €1,015,111 | +€117,753 | +13.1% |
| Amounts receivable within one year | 40/41 | €758,953 | €921,654 | +€162,701 | +21.4% |
| Trade receivables | 40 | €695,478 | €801,900 | +€106,422 | +15.3% |
| Other amounts receivable | 41 | €63,475 | €119,754 | +€56,280 | +88.7% |
| Cash at bank and in hand | 54/58 | €99,392 | €78,856 | -€20,537 | -20.7% |
| Deferred charges and accrued income | 490/1 | €39,012 | €14,601 | -€24,411 | -62.6% |
| Total equity and liabilities | 10/49 | €901,643 | €1,016,966 | +€115,323 | +12.8% |
| Equity | 10/15 | €65,691 | €70,869 | +€5,178 | +7.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,691 | €30,869 | +€5,178 | +20.2% |
| Amounts payable | 17/49 | €835,951 | €946,097 | +€110,146 | +13.2% |
| Amounts payable after more than one year | 17 | €12,230 | - | -€12,230 | |
| Financial debts | 170/4 | €12,230 | - | -€12,230 | |
| Amounts payable within one year | 42/48 | €823,722 | €946,097 | +€122,375 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €12,114 | €12,230 | +€116 | +1.0% |
| Financial debts | 43 | €50,001 | €50,001 | = | 0.0% |
| Credit institutions | 430/8 | €50,001 | €50,001 | = | 0.0% |
| Trade debts | 44 | €711,476 | €843,586 | +€132,110 | +18.6% |
| Suppliers | 440/4 | €711,476 | €843,586 | +€132,110 | +18.6% |
| Taxes, remuneration and social security | 45 | €17,777 | €15,391 | -€2,387 | -13.4% |
| Taxes | 450/3 | €6,105 | €6,340 | +€235 | +3.9% |
| Remuneration and social security | 454/9 | €11,673 | €9,051 | -€2,622 | -22.5% |
| Other amounts payable | 47/48 | €32,353 | €24,889 | -€7,464 | -23.1% |
| Remuneration, social security and pensions | 62 | €52,777 | €52,124 | -€653 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,556 | €2,480 | -€10,076 | -80.2% |
| Other operating charges | 640/8 | €1,058 | €8,557 | +€7,499 | +709.1% |
| Gross operating margin | 9900 | €92,533 | €79,837 | -€12,696 | -13.7% |
| Operating profit (loss) | 9901 | €26,142 | €16,676 | -€9,466 | -36.2% |
| Financial income | 75/76B | €47 | €1,978 | +€1,931 | +4109.6% |
| Recurring financial income | 75 | €47 | €1,978 | +€1,931 | +4109.6% |
| Financial charges | 65/66B | €9,454 | €7,805 | -€1,649 | -17.4% |
| Recurring financial charges | 65 | €9,454 | €7,805 | -€1,649 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €16,735 | €10,849 | -€5,886 | -35.2% |
| Income taxes | 67/77 | €5,476 | €5,671 | +€196 | +3.6% |
| Profit (loss) for the period | 9904 | €11,259 | €5,178 | -€6,081 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,259 | €5,178 | -€6,081 | -54.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.