ADDITEX: 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.
ADDITEX
Largest movements
- Current investments +€441,093
new in 2025: €441,093
- Cash -€315,516
down €315,516 (-40.7%), from €775,274 to €459,759
mainly Current investments (-€441,093) and Investment in fixed assets (net) (-€190,989)
- Receivables within one year +€87,591
up €87,591 (+15.2%), from €575,619 to €663,209
of which Trade receivables: +€45,813
- Tangible fixed assets -€72,670
down €72,670 (-2.8%), from €2.6m to €2.5m
of which Land and buildings: -€95,094
- Debts after one year -€149,333
down €149,333 (-9.0%), from €1.7m to €1.5m
- Reserves +€128,754
up €128,754 (+6.5%), from €2.0m to €2.1m
- Trade debts +€122,907
up €122,907 (+199.8%), from €61,503 to €184,410
- Other debts +€48,757
up €48,757 (+135.1%), from €36,081 to €84,838
- Gross operating margin -€298,683
down €298,683 (-26.7%), from €1.1m to €820,243
- Taxes -€93,024
down €93,024 (-69.4%), from €134,119 to €41,095
- Financial income -€80,489
down €80,489 (-64.0%), from €125,847 to €45,359
- Staff costs +€42,989
up €42,989 (+18.3%), from €235,535 to €278,524
- Financial charges +€27,619
up €27,619 (+28.1%), from €98,305 to €125,924
of which Non-recurring financial charges: +€92,593
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 | €4,513,729 | €4,614,725 | +€100,997 | +2.2% |
| Fixed assets | 21/28 | €2,618,496 | €2,535,256 | -€83,240 | -3.2% |
| Intangible fixed assets | 21 | €15,627 | €5,058 | -€10,569 | -67.6% |
| Tangible fixed assets | 22/27 | €2,602,869 | €2,530,198 | -€72,670 | -2.8% |
| Land and buildings | 22 | €2,368,012 | €2,272,917 | -€95,094 | -4.0% |
| Plant, machinery and equipment | 23 | €163,465 | €179,115 | +€15,650 | +9.6% |
| Furniture and vehicles | 24 | €71,391 | €78,166 | +€6,775 | +9.5% |
| Current assets | 29/58 | €1,895,233 | €2,079,469 | +€184,236 | +9.7% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €490,942 | €462,368 | -€28,574 | -5.8% |
| Stocks | 30/36 | €490,942 | €462,368 | -€28,574 | -5.8% |
| Amounts receivable within one year | 40/41 | €575,619 | €663,209 | +€87,591 | +15.2% |
| Trade receivables | 40 | €254,116 | €299,929 | +€45,813 | +18.0% |
| Other amounts receivable | 41 | €321,503 | €363,281 | +€41,778 | +13.0% |
| Current investments | 50/53 | - | €441,093 | +€441,093 | |
| Cash at bank and in hand | 54/58 | €775,274 | €459,759 | -€315,516 | -40.7% |
| Deferred charges and accrued income | 490/1 | €3,398 | €3,040 | -€358 | -10.5% |
| Total equity and liabilities | 10/49 | €4,513,729 | €4,614,725 | +€100,997 | +2.2% |
| Equity | 10/15 | €2,469,651 | €2,558,053 | +€88,402 | +3.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,987,684 | €2,116,438 | +€128,754 | +6.5% |
| Distributable reserves | 133 | €1,987,684 | €2,116,438 | +€128,754 | +6.5% |
| Investment grants | 15 | €461,967 | €421,615 | -€40,351 | -8.7% |
| Provisions and deferred taxes | 16 | €63,557 | €40,521 | -€23,036 | -36.2% |
| Provisions for liabilities and charges | 160/5 | €63,557 | €40,521 | -€23,036 | -36.2% |
| Other liabilities and charges | 164/5 | €63,557 | €40,521 | -€23,036 | -36.2% |
| Amounts payable | 17/49 | €1,980,520 | €2,016,151 | +€35,630 | +1.8% |
| Amounts payable after more than one year | 17 | €1,666,844 | €1,517,512 | -€149,333 | -9.0% |
| Financial debts | 170/4 | €1,666,844 | €1,517,512 | -€149,333 | -9.0% |
| Amounts payable within one year | 42/48 | €312,963 | €498,639 | +€185,676 | +59.3% |
| Current portion of amounts payable after more than one year | 42 | €147,107 | €149,333 | +€2,225 | +1.5% |
| Trade debts | 44 | €61,503 | €184,410 | +€122,907 | +199.8% |
| Suppliers | 440/4 | €61,503 | €184,410 | +€122,907 | +199.8% |
| Taxes, remuneration and social security | 45 | €68,272 | €80,058 | +€11,786 | +17.3% |
| Taxes | 450/3 | €42,414 | €51,122 | +€8,707 | +20.5% |
| Remuneration and social security | 454/9 | €25,858 | €28,937 | +€3,079 | +11.9% |
| Other amounts payable | 47/48 | €36,081 | €84,838 | +€48,757 | +135.1% |
| Accrued charges and deferred income | 492/3 | €713 | - | -€713 | |
| Remuneration, social security and pensions | 62 | €235,535 | €278,524 | +€42,989 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266,851 | €274,229 | +€7,378 | +2.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,894 | -€23,036 | -€25,930 | |
| Other operating charges | 640/8 | €37,526 | €40,112 | +€2,586 | +6.9% |
| Gross operating margin | 9900 | €1,118,926 | €820,243 | -€298,683 | -26.7% |
| Operating profit (loss) | 9901 | €576,120 | €250,414 | -€325,706 | -56.5% |
| Financial income | 75/76B | €125,847 | €45,359 | -€80,489 | -64.0% |
| Recurring financial income | 75 | €125,847 | €45,359 | -€80,489 | -64.0% |
| Financial charges | 65/66B | €98,305 | €125,924 | +€27,619 | +28.1% |
| Recurring financial charges | 65 | €98,305 | €33,331 | -€64,974 | -66.1% |
| Non-recurring financial charges | 66B | - | €92,593 | +€92,593 | |
| Profit (loss) for the period before taxes | 9903 | €603,662 | €169,848 | -€433,814 | -71.9% |
| Income taxes | 67/77 | €134,119 | €41,095 | -€93,024 | -69.4% |
| Profit (loss) for the period | 9904 | €469,543 | €128,754 | -€340,790 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €469,543 | €128,754 | -€340,790 | -72.6% |
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 3 October 2026 via checked.be.