ADECIA: 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.
ADECIA
Largest movements
- Receivables after one year +€175,000
new in 2025: €175,000
- Receivables within one year -€101,628
down €101,628 (-34.5%), from €294,747 to €193,120
of which Other amounts receivable: -€266,220
- Cash +€43,617
up €43,617 (+39.2%), from €111,383 to €155,000
mainly Other debts (+€449,575) and Net result for the year (+€156,223)
- Deferred charges and accrued income -€21,986
down €21,986 (-79.5%), from €27,657 to €5,670
- Other debts +€449,575
up €449,575 (+438.1%), from €102,623 to €552,198
- Profit (loss) carried forward -€367,201
down €367,201 (-100.0%), from €367,201 to €0
- Trade debts +€110,668
up €110,668 (+634.0%), from €17,457 to €128,125
- Tax, wage and social debts -€64,758
down €64,758 (-91.9%), from €70,464 to €5,706
- Debts after one year -€24,500
down €24,500 (-3.1%), from €790,235 to €765,735
- Gross operating margin +€198,689
up €198,689 (+266.9%), from €74,440 to €273,129
- Depreciation -€97,737
down €97,737 (-75.0%), from €130,237 to €32,500
- Taxes +€54,930
up €54,930, from -€1 to €54,930
- Financial charges +€25,450
up €25,450 (+1829.9%), from €1,391 to €26,841
- Financial income -€3,667
down €3,667 (-67.1%), from €5,467 to €1,800
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 | €1,403,382 | €1,508,627 | +€105,245 | +7.5% |
| Fixed assets | 21/28 | €969,596 | €975,741 | +€6,145 | +0.6% |
| Intangible fixed assets | 21 | €2,338 | €1,263 | -€1,075 | -46.0% |
| Tangible fixed assets | 22/27 | €967,257 | €974,478 | +€7,220 | +0.7% |
| Land and buildings | 22 | €958,447 | €964,701 | +€6,254 | +0.7% |
| Plant, machinery and equipment | 23 | - | €71 | +€71 | |
| Furniture and vehicles | 24 | €8,810 | €9,706 | +€896 | +10.2% |
| Current assets | 29/58 | €433,786 | €532,886 | +€99,100 | +22.8% |
| Amounts receivable after more than one year | 29 | - | €175,000 | +€175,000 | |
| Other amounts receivable | 291 | - | €175,000 | +€175,000 | |
| Amounts receivable within one year | 40/41 | €294,747 | €193,120 | -€101,628 | -34.5% |
| Trade receivables | 40 | €19,747 | €184,340 | +€164,593 | +833.5% |
| Other amounts receivable | 41 | €275,000 | €8,780 | -€266,220 | -96.8% |
| Current investments | 50/53 | - | €4,096 | +€4,096 | |
| Cash at bank and in hand | 54/58 | €111,383 | €155,000 | +€43,617 | +39.2% |
| Deferred charges and accrued income | 490/1 | €27,657 | €5,670 | -€21,986 | -79.5% |
| Total equity and liabilities | 10/49 | €1,403,382 | €1,508,627 | +€105,245 | +7.5% |
| Equity | 10/15 | €377,201 | €10,000 | -€367,201 | -97.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €367,201 | €0 | -€367,201 | -100.0% |
| Amounts payable | 17/49 | €1,026,181 | €1,498,627 | +€472,446 | +46.0% |
| Amounts payable after more than one year | 17 | €790,235 | €765,735 | -€24,500 | -3.1% |
| Financial debts | 170/4 | €790,235 | €765,735 | -€24,500 | -3.1% |
| Amounts payable within one year | 42/48 | €235,945 | €732,892 | +€496,946 | +210.6% |
| Current portion of amounts payable after more than one year | 42 | €45,402 | €46,863 | +€1,462 | +3.2% |
| Trade debts | 44 | €17,457 | €128,125 | +€110,668 | +634.0% |
| Suppliers | 440/4 | €17,457 | €128,125 | +€110,668 | +634.0% |
| Taxes, remuneration and social security | 45 | €70,464 | €5,706 | -€64,758 | -91.9% |
| Taxes | 450/3 | €70,464 | €5,706 | -€64,758 | -91.9% |
| Other amounts payable | 47/48 | €102,623 | €552,198 | +€449,575 | +438.1% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,237 | €32,500 | -€97,737 | -75.0% |
| Other operating charges | 640/8 | €1,198 | €4,436 | +€3,238 | +270.4% |
| Gross operating margin | 9900 | €74,440 | €273,129 | +€198,689 | +266.9% |
| Operating profit (loss) | 9901 | -€56,994 | €236,194 | +€293,188 | |
| Financial income | 75/76B | €5,467 | €1,800 | -€3,667 | -67.1% |
| Recurring financial income | 75 | €5,467 | €1,800 | -€3,667 | -67.1% |
| Financial charges | 65/66B | €1,391 | €26,841 | +€25,450 | +1829.9% |
| Recurring financial charges | 65 | €1,391 | €26,841 | +€25,450 | +1829.9% |
| Profit (loss) for the period before taxes | 9903 | -€52,918 | €211,153 | +€264,071 | |
| Income taxes | 67/77 | -€1 | €54,930 | +€54,930 | |
| Profit (loss) for the period | 9904 | -€52,917 | €156,223 | +€209,140 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,917 | €156,223 | +€209,140 |
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 4 October 2026 via checked.be.