ADEBEL: 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.
ADEBEL
Largest movements
- Current assets -€34,272
down €34,272 (-27.1%), from €126,382 to €92,110
of which Receivables within one year: -€35,650
- Tangible fixed assets -€19,787
down €19,787 (-20.3%), from €97,518 to €77,732
- Debts within one year -€65,428
down €65,428 (-17.2%), from €379,876 to €314,447
- Gross operating margin +€6,378
up €6,378 (+20.1%), from €31,766 to €38,143
- Other operating charges +€3,606
new in 2022: €3,606
- Taxes +€2,235
up €2,235 (+337.2%), from €663 to €2,898
- Financial charges +€568
new in 2022: €568
From the 2021 result to the 2022 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,822,620 | €1,768,561 | -€54,059 | -3.0% |
| Fixed assets | 21/28 | €1,696,238 | €1,676,452 | -€19,787 | -1.2% |
| Tangible fixed assets | 22/27 | €97,518 | €77,732 | -€19,787 | -20.3% |
| Land and buildings | 22 | - | €77,732 | +€77,732 | |
| Financial fixed assets | 28 | €1,598,720 | €1,598,720 | = | 0.0% |
| Current assets | 29/58 | €126,382 | €92,110 | -€34,272 | -27.1% |
| Stocks and contracts in progress | 3 | €45,200 | €45,200 | = | 0.0% |
| Stocks | 30/36 | - | €45,200 | +€45,200 | |
| Amounts receivable within one year | 40/41 | €80,650 | €45,000 | -€35,650 | -44.2% |
| Trade receivables | 40 | - | €45,000 | +€45,000 | |
| Cash at bank and in hand | 54/58 | €4 | - | -€4 | |
| Deferred charges and accrued income | 490/1 | - | €1,910 | +€1,910 | |
| Total equity and liabilities | 10/49 | €1,822,620 | €1,768,561 | -€54,059 | -3.0% |
| Equity | 10/15 | €1,142,744 | €1,154,114 | +€11,369 | +1.0% |
| Contributions | 10/11 | €285,000 | €285,000 | = | 0.0% |
| Capital | 10 | - | €285,000 | +€285,000 | |
| Issued capital | 100 | - | €285,000 | +€285,000 | |
| Reserves | 13 | €863,500 | €863,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €28,500 | +€28,500 | |
| Legal reserve | 130 | - | €28,500 | +€28,500 | |
| Distributable reserves | 133 | - | €835,000 | +€835,000 | |
| Profit (loss) carried forward | 14 | -€5,756 | €5,614 | +€11,369 | |
| Amounts payable | 17/49 | €679,876 | €614,447 | -€65,428 | -9.6% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Other amounts payable | 178/9 | - | €300,000 | +€300,000 | |
| Amounts payable within one year | 42/48 | €379,876 | €314,447 | -€65,428 | -17.2% |
| Trade debts | 44 | €7,282 | €731 | -€6,551 | -90.0% |
| Suppliers | 440/4 | - | €731 | +€731 | |
| Taxes, remuneration and social security | 45 | - | €64,936 | +€64,936 | |
| Taxes | 450/3 | - | €3,014 | +€3,014 | |
| Remuneration and social security | 454/9 | - | €61,922 | +€61,922 | |
| Other amounts payable | 47/48 | - | €248,780 | +€248,780 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,787 | €19,787 | = | 0.0% |
| Other operating charges | 640/8 | - | €3,606 | +€3,606 | |
| Gross operating margin | 9900 | €31,766 | €38,143 | +€6,378 | +20.1% |
| Operating profit (loss) | 9901 | €4,338 | €14,750 | +€10,413 | +240.0% |
| Financial income | 75/76B | - | €85 | +€85 | |
| Recurring financial income | 75 | - | €85 | +€85 | |
| Financial charges | 65/66B | - | €568 | +€568 | |
| Recurring financial charges | 65 | €3,032 | €568 | -€2,464 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | €1,306 | €14,267 | +€12,962 | +992.6% |
| Income taxes | 67/77 | €663 | €2,898 | +€2,235 | +337.2% |
| Profit (loss) for the period | 9904 | €643 | €11,369 | +€10,726 | +1668.3% |
| Profit (loss) for the period to be appropriated | 9905 | €643 | €11,369 | +€10,726 | +1668.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2021 and 30 June 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.