ADEB ADVISORY: 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.
ADEB ADVISORY
Largest movements
- Receivables within one year -€32,084
no longer reported in 2025 (was €32,084)
of which Trade receivables: -€29,084
- Cash +€23,228
up €23,228 (+18.0%), from €128,847 to €152,076
mainly Net result for the year (+€127,116) and Receivables within one year (+€32,084)
- Other debts -€20,839
down €20,839 (-14.1%), from €147,906 to €127,068
- Tax, wage and social debts +€12,133
up €12,133 (+100%), from €12,085 to €24,218
of which Taxes: +€14,133
- Trade debts -€2,246
down €2,246 (-66.7%), from €3,370 to €1,124
- Gross operating margin +€98,154
up €98,154 (+141%), from €69,452 to €167,606
- Taxes +€24,452
up €24,452 (+180%), from €13,603 to €38,055
- Depreciation -€6,324
down €6,324 (-85.5%), from €7,395 to €1,071
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.
Derived cash bridge
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 | €164,728 | €153,410 | -€11,318 | -6.9% |
| Fixed assets | 21/28 | €2,263 | €1,191 | -€1,071 | -47.3% |
| Tangible fixed assets | 22/27 | €2,263 | €1,191 | -€1,071 | -47.3% |
| Furniture and vehicles | 24 | €1,607 | €704 | -€903 | -56.2% |
| Other tangible fixed assets | 26 | €656 | €488 | -€168 | -25.6% |
| Current assets | 29/58 | €162,465 | €152,218 | -€10,247 | -6.3% |
| Amounts receivable within one year | 40/41 | €32,084 | - | -€32,084 | |
| Trade receivables | 40 | €29,084 | - | -€29,084 | |
| Other amounts receivable | 41 | €3,000 | - | -€3,000 | |
| Cash at bank and in hand | 54/58 | €128,847 | €152,076 | +€23,228 | +18.0% |
| Deferred charges and accrued income | 490/1 | €1,534 | €143 | -€1,392 | -90.7% |
| Total equity and liabilities | 10/49 | €164,728 | €153,410 | -€11,318 | -6.9% |
| Equity | 10/15 | €1,367 | €1,000 | -€367 | -26.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €367 | - | -€367 | |
| Amounts payable | 17/49 | €163,361 | €152,410 | -€10,951 | -6.7% |
| Amounts payable within one year | 42/48 | €163,361 | €152,410 | -€10,951 | -6.7% |
| Trade debts | 44 | €3,370 | €1,124 | -€2,246 | -66.7% |
| Suppliers | 440/4 | €3,370 | €1,124 | -€2,246 | -66.7% |
| Taxes, remuneration and social security | 45 | €12,085 | €24,218 | +€12,133 | +100% |
| Taxes | 450/3 | €10,085 | €24,218 | +€14,133 | +140% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €147,906 | €127,068 | -€20,839 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,395 | €1,071 | -€6,324 | -85.5% |
| Other operating charges | 640/8 | €1,079 | €928 | -€150 | -13.9% |
| Gross operating margin | 9900 | €69,452 | €167,606 | +€98,154 | +141% |
| Operating profit (loss) | 9901 | €60,978 | €165,606 | +€104,629 | +172% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €52 | €435 | +€383 | +731% |
| Recurring financial charges | 65 | €52 | €435 | +€383 | +731% |
| Profit (loss) for the period before taxes | 9903 | €60,926 | €165,172 | +€104,245 | +171% |
| Income taxes | 67/77 | €13,603 | €38,055 | +€24,452 | +180% |
| Profit (loss) for the period | 9904 | €47,324 | €127,116 | +€79,793 | +169% |
| Profit (loss) for the period to be appropriated | 9905 | €47,324 | €127,116 | +€79,793 | +169% |
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 20 October 2026 via checked.be.