ADEK: what changed
What changed
ADEK
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
filed annual accounts (NBB)
Net result for the year
€69,899
2024 · €55,497+€14,401
Equity
€601,313
2024 · €531,414+€69,899
Cash
€114,119
2024 · €101,204+€12,915
Balance sheet total
€3.3m
2024 · €2.9m+€440,971
Largest movements
Assets
- Stocks and contracts +€200,000
up €200,000 (+12.1%), from €1.7m to €1.9m
- Receivables within one year +€195,464
up €195,464 (+19.9%), from €980,701 to €1.2m
of which Trade receivables: +€291,622
Equity and liabilities
- Debts after one year +€286,779
up €286,779 (+2,285%), from €12,552 to €299,331
- Advances received -€159,863
down €159,863 (-13.0%), from €1.2m to €1.1m
- Accrued charges and deferred income +€119,037
up €119,037 (+72.3%), from €164,680 to €283,717
- Profit (loss) carried forward +€69,899
up €69,899 (+21.3%), from €328,429 to €398,327
- Trade debts +€64,270
up €64,270 (+14.8%), from €433,050 to €497,320
Income statement
- Gross operating margin -€205,994
down €205,994 (-51.2%), from €402,270 to €196,276
- Write-downs -€159,016
no longer reported in 2025 (was €159,016)
- Staff costs -€23,898
down €23,898 (-31.2%), from €76,644 to €52,747
- Other operating charges -€18,929
down €18,929 (-68.3%), from €27,729 to €8,800
- Depreciation -€18,424
down €18,424 (-41.8%), from €44,087 to €25,662
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€55,497
Gross operating margin
-€205,994
Staff costs
+€23,898
Depreciation
+€18,424
Write-downs
+€159,016
Other operating charges
+€18,929
Financial income
-€10,337
Financial charges
+€3,775
Taxes
+€6,691
Result 2025
€69,899
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€261,961
Investment
-€44,334
Financing
+€319,210
Cash 2024
€101,204
From operations (derived)
-€261,961
Net result for the year
+€69,899
Depreciation
+€25,662
Stocks and contracts
-€200,000
Receivables within one year
-€195,464
Deferred charges and accrued income
-€13,920
Trade debts
+€64,270
Tax, wage and social debts
-€10,582
Advances received
-€159,863
Other debts
+€39,000
Accrued charges and deferred income
+€119,037
Investment (derived)
-€44,334
Investment in fixed assets (net)
-€44,334
Financing
+€319,210
Debts after one year
+€286,779
Current portion of long-term debt
+€32,448
Short-term financial debts
-€17
Cash 2025
€114,119
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,858,553 | €3,299,524 | +€440,971 | +15.4% |
| Fixed assets | 21/28 | €116,405 | €135,076 | +€18,671 | +16.0% |
| Tangible fixed assets | 22/27 | €116,146 | €134,683 | +€18,536 | +16.0% |
| Land and buildings | 22 | €26,252 | €25,802 | -€450 | -1.7% |
| Plant, machinery and equipment | 23 | €10,798 | €6,739 | -€4,059 | -37.6% |
| Furniture and vehicles | 24 | €79,096 | €102,142 | +€23,046 | +29.1% |
| Financial fixed assets | 28 | €259 | €394 | +€135 | +52.2% |
| Current assets | 29/58 | €2,742,148 | €3,164,448 | +€422,300 | +15.4% |
| Stocks and contracts in progress | 3 | €1,652,569 | €1,852,569 | +€200,000 | +12.1% |
| Stocks | 30/36 | €1,652,569 | €1,852,569 | +€200,000 | +12.1% |
| Amounts receivable within one year | 40/41 | €980,701 | €1,176,165 | +€195,464 | +19.9% |
| Trade receivables | 40 | €661,438 | €953,060 | +€291,622 | +44.1% |
| Other amounts receivable | 41 | €319,263 | €223,106 | -€96,157 | -30.1% |
| Cash at bank and in hand | 54/58 | €101,204 | €114,119 | +€12,915 | +12.8% |
| Deferred charges and accrued income | 490/1 | €7,674 | €21,594 | +€13,920 | +181% |
| Total equity and liabilities | 10/49 | €2,858,553 | €3,299,524 | +€440,971 | +15.4% |
| Equity | 10/15 | €531,414 | €601,313 | +€69,899 | +13.2% |
| Contributions | 10/11 | €137,805 | €151,585 | +€13,780 | +10.0% |
| Reserves | 13 | €65,180 | €51,400 | -€13,780 | -21.1% |
| Non-distributable reserves | 130/1 | €13,780 | - | -€13,780 | |
| Reserves not available under the articles | 1311 | €13,780 | - | -€13,780 | |
| Tax-exempt reserves | 132 | €10,143 | €10,143 | = | 0.0% |
| Distributable reserves | 133 | €41,257 | €41,257 | = | 0.0% |
| Profit (loss) carried forward | 14 | €328,429 | €398,327 | +€69,899 | +21.3% |
| Amounts payable | 17/49 | €2,327,139 | €2,698,212 | +€371,072 | +15.9% |
| Amounts payable after more than one year | 17 | €12,552 | €299,331 | +€286,779 | +2,285% |
| Financial debts | 170/4 | €12,552 | €299,331 | +€286,779 | +2,285% |
| Amounts payable within one year | 42/48 | €2,149,907 | €2,115,163 | -€34,744 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €18,830 | €51,279 | +€32,448 | +172% |
| Financial debts | 43 | €393,792 | €393,775 | -€17 | 0.0% |
| Credit institutions | 430/8 | €393,792 | €393,775 | -€17 | 0.0% |
| Trade debts | 44 | €433,050 | €497,320 | +€64,270 | +14.8% |
| Suppliers | 440/4 | €433,050 | €497,320 | +€64,270 | +14.8% |
| Advances received on contracts in progress | 46 | €1,234,174 | €1,074,310 | -€159,863 | -13.0% |
| Taxes, remuneration and social security | 45 | €13,155 | €2,573 | -€10,582 | -80.4% |
| Taxes | 450/3 | €5,685 | - | -€5,685 | |
| Remuneration and social security | 454/9 | €7,470 | €2,573 | -€4,897 | -65.6% |
| Other amounts payable | 47/48 | €56,906 | €95,906 | +€39,000 | +68.5% |
| Accrued charges and deferred income | 492/3 | €164,680 | €283,717 | +€119,037 | +72.3% |
| Remuneration, social security and pensions | 62 | €76,644 | €52,747 | -€23,898 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,087 | €25,662 | -€18,424 | -41.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €159,016 | - | -€159,016 | |
| Other operating charges | 640/8 | €27,729 | €8,800 | -€18,929 | -68.3% |
| Gross operating margin | 9900 | €402,270 | €196,276 | -€205,994 | -51.2% |
| Operating profit (loss) | 9901 | €94,794 | €109,067 | +€14,273 | +15.1% |
| Financial income | 75/76B | €15,705 | €5,367 | -€10,337 | -65.8% |
| Recurring financial income | 75 | €15,705 | €5,367 | -€10,337 | -65.8% |
| Financial charges | 65/66B | €33,086 | €29,311 | -€3,775 | -11.4% |
| Recurring financial charges | 65 | €33,086 | €29,311 | -€3,775 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €77,413 | €85,124 | +€7,711 | +10.0% |
| Income taxes | 67/77 | €21,916 | €15,225 | -€6,691 | -30.5% |
| Profit (loss) for the period | 9904 | €55,497 | €69,899 | +€14,401 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,497 | €69,899 | +€14,401 | +25.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.