ADEBACO: 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.
What changed
ADEBACO
NACE 69.201, Certified accountants and tax accountants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€259,285
2024 · €220,972+€38,313
Equity
€1.9m
2024 · €1.7m+€108,485
Cash
€332,397
2024 · €195,520+€136,877
Balance sheet total
€3.0m
2024 · €2.8m+€122,117
Largest movements
Assets
- Cash +€136,877
up €136,877 (+70.0%), from €195,520 to €332,397
mainly Other debts (+€655,172) and Net result for the year (+€259,285)
Equity and liabilities
- Other debts +€655,172
up €655,172 (+469.6%), from €139,523 to €794,695
- Debts after one year -€642,942
down €642,942 (-85.2%), from €754,537 to €111,595
- Reserves +€108,485
up €108,485 (+6.3%), from €1.7m to €1.8m
Income statement
- Gross operating margin +€41,493
up €41,493 (+8.7%), from €476,469 to €517,962
- Taxes +€7,414
up €7,414 (+7.7%), from €96,174 to €103,588
- Financial charges -€5,420
down €5,420 (-15.0%), from €36,027 to €30,607
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.
Result 2024
€220,972
Gross operating margin
+€41,493
Depreciation
+€644
Other operating charges
-€1,692
Financial income
-€137
Financial charges
+€5,420
Taxes
-€7,414
Result 2025
€259,285
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.
From operations
+€1.1m
Investment
-€116,397
Financing
-€800,462
Cash 2024
€195,520
From operations (derived)
+€1.1m
Net result for the year
+€259,285
Depreciation
+€109,206
Receivables within one year
+€25,511
Deferred charges and accrued income
-€3,560
Trade debts
+€4,037
Tax, wage and social debts
+€5,085
Other debts
+€655,172
Accrued charges and deferred income
-€1,000
Investment (derived)
-€116,397
Investment in fixed assets (net)
-€116,397
Financing
-€800,462
Debts after one year
-€642,942
Current portion of long-term debt
-€6,721
Contributions, distributions and other
-€150,800
Cash 2025
€332,397
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,839,080 | €2,961,197 | +€122,117 | +4.3% |
| Fixed assets | 21/28 | €2,584,299 | €2,591,490 | +€7,191 | +0.3% |
| Tangible fixed assets | 22/27 | €2,274,210 | €2,281,401 | +€7,191 | +0.3% |
| Land and buildings | 22 | €2,234,940 | €2,120,490 | -€114,450 | -5.1% |
| Furniture and vehicles | 24 | €39,270 | €32,038 | -€7,232 | -18.4% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | - | €128,873 | +€128,873 | |
| Financial fixed assets | 28 | €310,088 | €310,088 | = | 0.0% |
| Current assets | 29/58 | €254,781 | €369,707 | +€114,926 | +45.1% |
| Amounts receivable within one year | 40/41 | €55,511 | €30,000 | -€25,511 | -46.0% |
| Trade receivables | 40 | €55,507 | €30,000 | -€25,507 | -46.0% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €195,520 | €332,397 | +€136,877 | +70.0% |
| Deferred charges and accrued income | 490/1 | €3,749 | €7,310 | +€3,560 | +95.0% |
| Total equity and liabilities | 10/49 | €2,839,080 | €2,961,197 | +€122,117 | +4.3% |
| Equity | 10/15 | €1,746,502 | €1,854,987 | +€108,485 | +6.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,726,502 | €1,834,987 | +€108,485 | +6.3% |
| Distributable reserves | 133 | €1,726,502 | €1,834,987 | +€108,485 | +6.3% |
| Provisions and deferred taxes | 16 | €93,911 | €93,911 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €93,911 | €93,911 | = | 0.0% |
| Pensions and similar obligations | 160 | €93,911 | €93,911 | = | 0.0% |
| Amounts payable | 17/49 | €998,667 | €1,012,299 | +€13,632 | +1.4% |
| Amounts payable after more than one year | 17 | €754,537 | €111,595 | -€642,942 | -85.2% |
| Financial debts | 170/4 | €754,537 | €111,595 | -€642,942 | -85.2% |
| Amounts payable within one year | 42/48 | €219,130 | €876,703 | +€657,573 | +300.1% |
| Current portion of amounts payable after more than one year | 42 | €49,453 | €42,733 | -€6,721 | -13.6% |
| Trade debts | 44 | €597 | €4,634 | +€4,037 | +676.6% |
| Suppliers | 440/4 | €597 | €4,634 | +€4,037 | +676.6% |
| Taxes, remuneration and social security | 45 | €29,557 | €34,642 | +€5,085 | +17.2% |
| Taxes | 450/3 | €29,557 | €34,642 | +€5,085 | +17.2% |
| Other amounts payable | 47/48 | €139,523 | €794,695 | +€655,172 | +469.6% |
| Accrued charges and deferred income | 492/3 | €25,000 | €24,000 | -€1,000 | -4.0% |
| Non-recurring operating income | 76A | €1,089 | €16,155 | +€15,066 | +1383.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,850 | €109,206 | -€644 | -0.6% |
| Other operating charges | 640/8 | €13,584 | €15,276 | +€1,692 | +12.5% |
| Gross operating margin | 9900 | €476,469 | €517,962 | +€41,493 | +8.7% |
| Operating profit (loss) | 9901 | €353,036 | €393,480 | +€40,444 | +11.5% |
| Financial income | 75/76B | €137 | - | -€137 | |
| Recurring financial income | 75 | €137 | - | -€137 | |
| Financial charges | 65/66B | €36,027 | €30,607 | -€5,420 | -15.0% |
| Recurring financial charges | 65 | €36,027 | €30,607 | -€5,420 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €317,146 | €362,873 | +€45,727 | +14.4% |
| Income taxes | 67/77 | €96,174 | €103,588 | +€7,414 | +7.7% |
| Profit (loss) for the period | 9904 | €220,972 | €259,285 | +€38,313 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €220,972 | €259,285 | +€38,313 | +17.3% |
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 28 September 2026 via checked.be.