ADEIA: 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.
ADEIA
Largest movements
- Tangible fixed assets +€109,224
up €109,224 (+4.2%), from €2.6m to €2.7m
- Current investments -€100,000
down €100,000 (-2.1%), from €4.8m to €4.7m
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€29,025
up €29,025 (+50.7%), from €57,276 to €86,302
- Depreciation +€16,014
up €16,014 (+57.9%), from €27,675 to €43,689
- Gross operating margin +€1,402
up €1,402 (+4.7%), from €29,693 to €31,095
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 | €7,497,379 | €7,568,037 | +€70,657 | +0.9% |
| Fixed assets | 21/28 | €2,615,637 | €2,724,862 | +€109,224 | +4.2% |
| Tangible fixed assets | 22/27 | €2,615,637 | €2,724,862 | +€109,224 | +4.2% |
| Land and buildings | 22 | €2,615,637 | €2,724,862 | +€109,224 | +4.2% |
| Current assets | 29/58 | €4,881,742 | €4,843,175 | -€38,567 | -0.8% |
| Amounts receivable within one year | 40/41 | €21,647 | €47,101 | +€25,454 | +117.6% |
| Trade receivables | 40 | €4,114 | €3,678 | -€436 | -10.6% |
| Other amounts receivable | 41 | €17,533 | €43,423 | +€25,890 | +147.7% |
| Current investments | 50/53 | €4,800,000 | €4,700,000 | -€100,000 | -2.1% |
| Cash at bank and in hand | 54/58 | €60,095 | €88,763 | +€28,668 | +47.7% |
| Deferred charges and accrued income | 490/1 | - | €7,311 | +€7,311 | |
| Total equity and liabilities | 10/49 | €7,497,379 | €7,568,037 | +€70,657 | +0.9% |
| Equity | 10/15 | -€251,211 | -€180,342 | +€70,870 | +28.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€351,211 | -€280,342 | +€70,870 | +20.2% |
| Amounts payable | 17/49 | €7,748,591 | €7,748,378 | -€212 | 0.0% |
| Amounts payable within one year | 42/48 | €7,748,591 | €7,748,378 | -€212 | 0.0% |
| Trade debts | 44 | €1,041 | €829 | -€212 | -20.4% |
| Suppliers | 440/4 | €1,041 | €829 | -€212 | -20.4% |
| Other amounts payable | 47/48 | €7,747,549 | €7,747,549 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,675 | €43,689 | +€16,014 | +57.9% |
| Other operating charges | 640/8 | €2,630 | €2,809 | +€179 | +6.8% |
| Gross operating margin | 9900 | €29,693 | €31,095 | +€1,402 | +4.7% |
| Operating profit (loss) | 9901 | -€612 | -€15,403 | -€14,791 | -2416.8% |
| Financial income | 75/76B | €57,276 | €86,302 | +€29,025 | +50.7% |
| Recurring financial income | 75 | €57,276 | €86,302 | +€29,025 | +50.7% |
| Financial charges | 65/66B | €53 | €29 | -€24 | -45.5% |
| Recurring financial charges | 65 | €53 | €29 | -€24 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €56,612 | €70,870 | +€14,258 | +25.2% |
| Profit (loss) for the period | 9904 | €56,612 | €70,870 | +€14,258 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,612 | €70,870 | +€14,258 | +25.2% |
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 7 October 2026 via checked.be.