ADAVALUE: 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.
ADAVALUE
Largest movements
- Receivables within one year -€72,401
down €72,401 (-99.8%), from €72,523 to €122
of which Trade receivables: -€72,523
- Stocks and contracts -€1,980
no longer reported in 2025 (was €1,980)
- Advances received -€58,829
no longer reported in 2025 (was €58,829)
- Trade debts -€8,251
down €8,251 (-45.8%), from €18,027 to €9,776
- Tax, wage and social debts -€6,014
down €6,014 (-98.4%), from €6,110 to €96
- Profit (loss) carried forward -€4,045
down €4,045 (-1.6%), from -€257,778 to -€261,823
- Other debts +€1,636
up €1,636 (+0.8%), from €217,332 to €218,968
- Gross operating margin -€24,403
down €24,403, from €22,710 to -€1,692
- Depreciation -€3,424
no longer reported in 2025 (was €3,424)
- Financial income +€813
up €813 (+4067050.0%), from €0 to €813
- Financial charges -€457
down €457 (-15.5%), from €2,946 to €2,489
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 | €75,003 | €627 | -€74,376 | -99.2% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €74,503 | €127 | -€74,376 | -99.8% |
| Stocks and contracts in progress | 3 | €1,980 | - | -€1,980 | |
| Stocks | 30/36 | €1,980 | - | -€1,980 | |
| Amounts receivable within one year | 40/41 | €72,523 | €122 | -€72,401 | -99.8% |
| Trade receivables | 40 | €72,523 | - | -€72,523 | |
| Other amounts receivable | 41 | - | €122 | +€122 | |
| Cash at bank and in hand | 54/58 | - | €5 | +€5 | |
| Total equity and liabilities | 10/49 | €75,003 | €627 | -€74,376 | -99.2% |
| Equity | 10/15 | -€239,120 | -€243,165 | -€4,045 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58 | €58 | = | 0.0% |
| Non-distributable reserves | 130/1 | €58 | €58 | = | 0.0% |
| Reserves not available under the articles | 1311 | €58 | €58 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,778 | -€261,823 | -€4,045 | -1.6% |
| Amounts payable | 17/49 | €314,123 | €243,792 | -€70,331 | -22.4% |
| Amounts payable within one year | 42/48 | €314,123 | €243,792 | -€70,331 | -22.4% |
| Financial debts | 43 | €13,825 | €14,951 | +€1,127 | +8.1% |
| Credit institutions | 430/8 | - | €14,951 | +€14,951 | |
| Other loans | 439 | €13,825 | - | -€13,825 | |
| Trade debts | 44 | €18,027 | €9,776 | -€8,251 | -45.8% |
| Suppliers | 440/4 | €18,027 | €9,776 | -€8,251 | -45.8% |
| Advances received on contracts in progress | 46 | €58,829 | - | -€58,829 | |
| Taxes, remuneration and social security | 45 | €6,110 | €96 | -€6,014 | -98.4% |
| Taxes | 450/3 | €6,110 | €96 | -€6,014 | -98.4% |
| Other amounts payable | 47/48 | €217,332 | €218,968 | +€1,636 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,424 | - | -€3,424 | |
| Other operating charges | 640/8 | €742 | €677 | -€64 | -8.7% |
| Gross operating margin | 9900 | €22,710 | -€1,692 | -€24,403 | |
| Operating profit (loss) | 9901 | €18,545 | -€2,369 | -€20,914 | |
| Financial income | 75/76B | €0 | €813 | +€813 | +4067050.0% |
| Recurring financial income | 75 | €0 | €813 | +€813 | +4067050.0% |
| Financial charges | 65/66B | €2,946 | €2,489 | -€457 | -15.5% |
| Recurring financial charges | 65 | €2,946 | €2,489 | -€457 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €15,599 | -€4,045 | -€19,644 | |
| Profit (loss) for the period | 9904 | €15,599 | -€4,045 | -€19,644 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,599 | -€4,045 | -€19,644 |
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 29 September 2026 via checked.be.