ADBE: 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.
ADBE
Largest movements
- Cash -€50,687
down €50,687 (-33.7%), from €150,484 to €99,797
mainly Debts after one year (-€93,920) and Other debts (-€67,905)
- Receivables within one year -€27,364
down €27,364 (-40.2%), from €68,138 to €40,774
of which Trade receivables: -€35,927
- Deferred charges and accrued income +€14,414
up €14,414, from €0 to €14,414
- Tangible fixed assets -€8,481
down €8,481 (-35.7%), from €23,769 to €15,288
of which Plant, machinery and equipment: -€10,702
- Debts after one year -€93,920
down €93,920 (-48.4%), from €194,061 to €100,141
- Other debts -€67,905
down €67,905 (-91.8%), from €73,953 to €6,047
- Profit (loss) carried forward +€62,817
up €62,817 (+48.7%), from -€128,894 to -€66,077
- Current portion of long-term debt +€52,405
up €52,405 (+126.2%), from €41,514 to €93,920
- Trade debts -€36,457
down €36,457 (-39.3%), from €92,723 to €56,266
of which Bills of exchange payable: -€37,654
- Gross operating margin +€132,760
up €132,760 (+21.5%), from €617,856 to €750,616
- Staff costs -€92,198
down €92,198 (-13.2%), from €697,080 to €604,882
- Write-downs +€46,089
new in 2025: €46,089
- Financial charges -€8,554
down €8,554 (-45.6%), from €18,763 to €10,209
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 | €361,761 | €286,768 | -€74,993 | -20.7% |
| Fixed assets | 21/28 | €143,139 | €131,784 | -€11,355 | -7.9% |
| Intangible fixed assets | 21 | €119,370 | €116,496 | -€2,874 | -2.4% |
| Tangible fixed assets | 22/27 | €23,769 | €15,288 | -€8,481 | -35.7% |
| Plant, machinery and equipment | 23 | €20,939 | €10,237 | -€10,702 | -51.1% |
| Furniture and vehicles | 24 | €2,830 | €5,051 | +€2,221 | +78.5% |
| Current assets | 29/58 | €218,622 | €154,985 | -€63,638 | -29.1% |
| Amounts receivable within one year | 40/41 | €68,138 | €40,774 | -€27,364 | -40.2% |
| Trade receivables | 40 | €66,262 | €30,334 | -€35,927 | -54.2% |
| Other amounts receivable | 41 | €1,877 | €10,439 | +€8,563 | +456.3% |
| Cash at bank and in hand | 54/58 | €150,484 | €99,797 | -€50,687 | -33.7% |
| Deferred charges and accrued income | 490/1 | €0 | €14,414 | +€14,414 | |
| Total equity and liabilities | 10/49 | €361,761 | €286,768 | -€74,993 | -20.7% |
| Equity | 10/15 | -€107,769 | -€44,952 | +€62,817 | +58.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €8,725 | €8,725 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,865 | €6,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,894 | -€66,077 | +€62,817 | +48.7% |
| Amounts payable | 17/49 | €469,530 | €331,721 | -€137,810 | -29.4% |
| Amounts payable after more than one year | 17 | €194,061 | €100,141 | -€93,920 | -48.4% |
| Financial debts | 170/4 | €194,061 | €100,141 | -€93,920 | -48.4% |
| Amounts payable within one year | 42/48 | €275,469 | €231,580 | -€43,890 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €41,514 | €93,920 | +€52,405 | +126.2% |
| Trade debts | 44 | €92,723 | €56,266 | -€36,457 | -39.3% |
| Suppliers | 440/4 | €55,070 | €56,266 | +€1,197 | +2.2% |
| Bills of exchange payable | 441 | €37,654 | - | -€37,654 | |
| Taxes, remuneration and social security | 45 | €67,279 | €75,346 | +€8,068 | +12.0% |
| Remuneration and social security | 454/9 | €67,279 | €75,346 | +€8,068 | +12.0% |
| Other amounts payable | 47/48 | €73,953 | €6,047 | -€67,905 | -91.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €697,080 | €604,882 | -€92,198 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,434 | €24,480 | +€2,046 | +9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €46,089 | +€46,089 | |
| Other operating charges | 640/8 | €8,290 | €1,945 | -€6,345 | -76.5% |
| Gross operating margin | 9900 | €617,856 | €750,616 | +€132,760 | +21.5% |
| Operating profit (loss) | 9901 | -€109,948 | €73,221 | +€183,168 | |
| Financial income | 75/76B | €79 | €5 | -€74 | -94.1% |
| Recurring financial income | 75 | €79 | €5 | -€74 | -94.1% |
| Financial charges | 65/66B | €18,763 | €10,209 | -€8,554 | -45.6% |
| Recurring financial charges | 65 | €18,763 | €10,209 | -€8,554 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | -€128,632 | €63,016 | +€191,648 | |
| Income taxes | 67/77 | €263 | €199 | -€63 | -24.1% |
| Profit (loss) for the period | 9904 | -€128,894 | €62,817 | +€191,711 | |
| Profit (loss) for the period to be appropriated | 9905 | -€128,894 | €62,817 | +€191,711 |
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 10 October 2026 via checked.be.