AdCoFa: 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.
AdCoFa
Largest movements
- Cash -€4,446
down €4,446 (-37.6%), from €11,816 to €7,370
mainly Other debts (-€2,139) and Net result for the year (-€1,722)
- Tangible fixed assets -€1,418
down €1,418 (-30.0%), from €4,732 to €3,314
of which Furniture and vehicles: -€1,162
- Receivables within one year -€337
down €337 (-5.2%), from €6,510 to €6,173
of which Other amounts receivable: -€264
- Other debts -€2,139
down €2,139 (-20.6%), from €10,385 to €8,246
- Profit (loss) carried forward -€1,722
down €1,722 (-33.6%), from €5,130 to €3,408
- Tax, wage and social debts -€1,322
down €1,322 (-49.0%), from €2,700 to €1,378
- Trade debts -€842
down €842 (-100.0%), from €842 to €0
- Gross operating margin +€2,006
up €2,006 (+870.3%), from €230 to €2,236
- Depreciation +€318
up €318 (+28.8%), from €1,101 to €1,418
- Financial charges -€286
down €286 (-17.8%), from €1,610 to €1,324
- Other operating charges +€36
up €36 (+3.5%), from €1,001 to €1,037
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 | €23,058 | €17,033 | -€6,025 | -26.1% |
| Fixed assets | 21/28 | €4,732 | €3,314 | -€1,418 | -30.0% |
| Tangible fixed assets | 22/27 | €4,732 | €3,314 | -€1,418 | -30.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,642 | €1,480 | -€1,162 | -44.0% |
| Other tangible fixed assets | 26 | €2,090 | €1,834 | -€256 | -12.3% |
| Current assets | 29/58 | €18,325 | €13,719 | -€4,607 | -25.1% |
| Amounts receivable within one year | 40/41 | €6,510 | €6,173 | -€337 | -5.2% |
| Trade receivables | 40 | €5,800 | €5,728 | -€72 | -1.2% |
| Other amounts receivable | 41 | €710 | €445 | -€264 | -37.3% |
| Cash at bank and in hand | 54/58 | €11,816 | €7,370 | -€4,446 | -37.6% |
| Deferred charges and accrued income | 490/1 | - | €176 | +€176 | |
| Total equity and liabilities | 10/49 | €23,058 | €17,033 | -€6,025 | -26.1% |
| Equity | 10/15 | €9,130 | €7,408 | -€1,722 | -18.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,130 | €3,408 | -€1,722 | -33.6% |
| Amounts payable | 17/49 | €13,927 | €9,624 | -€4,303 | -30.9% |
| Amounts payable within one year | 42/48 | €13,927 | €9,624 | -€4,303 | -30.9% |
| Trade debts | 44 | €842 | €0 | -€842 | -100.0% |
| Suppliers | 440/4 | €842 | €0 | -€842 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,700 | €1,378 | -€1,322 | -49.0% |
| Taxes | 450/3 | €2,700 | €1,378 | -€1,322 | -49.0% |
| Other amounts payable | 47/48 | €10,385 | €8,246 | -€2,139 | -20.6% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,101 | €1,418 | +€318 | +28.8% |
| Other operating charges | 640/8 | €1,001 | €1,037 | +€36 | +3.5% |
| Gross operating margin | 9900 | €230 | €2,236 | +€2,006 | +870.3% |
| Operating profit (loss) | 9901 | -€1,872 | -€219 | +€1,652 | +88.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,610 | €1,324 | -€286 | -17.8% |
| Recurring financial charges | 65 | €1,610 | €1,324 | -€286 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,482 | -€1,544 | +€1,939 | +55.7% |
| Income taxes | 67/77 | €178 | €178 | -€0 | -0.1% |
| Profit (loss) for the period | 9904 | -€3,661 | -€1,722 | +€1,939 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,661 | -€1,722 | +€1,939 | +53.0% |
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.