ADEKWAAT: 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.
ADEKWAAT
Largest movements
- Receivables within one year -€19,026
down €19,026 (-26.7%), from €71,313 to €52,287
of which Trade receivables: -€15,768
- Cash -€8,954
down €8,954 (-99.6%), from €8,988 to €34
mainly Accrued charges and deferred income (-€13,002) and Net result for the year (-€9,300)
- Accrued charges and deferred income -€13,002
no longer reported in 2025 (was €13,002)
- Profit (loss) carried forward -€9,300
down €9,300 (-30.9%), from €30,078 to €20,778
- Tax, wage and social debts -€4,268
down €4,268 (-94.7%), from €4,505 to €238
of which Remuneration and social security: -€4,240
- Trade debts -€1,591
down €1,591 (-73.8%), from €2,157 to €565
- Gross operating margin +€8,569
up €8,569 (+51.2%), from -€16,722 to -€8,153
- Depreciation -€176
down €176 (-49.4%), from €356 to €180
- Other operating charges +€170
up €170 (+32.8%), from €519 to €690
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 | €81,852 | €53,692 | -€28,160 | -34.4% |
| Fixed assets | 21/28 | €1,551 | €1,371 | -€180 | -11.6% |
| Tangible fixed assets | 22/27 | €1,440 | €1,260 | -€180 | -12.5% |
| Other tangible fixed assets | 26 | €1,440 | €1,260 | -€180 | -12.5% |
| Financial fixed assets | 28 | €111 | €111 | = | 0.0% |
| Current assets | 29/58 | €80,301 | €52,321 | -€27,981 | -34.8% |
| Amounts receivable within one year | 40/41 | €71,313 | €52,287 | -€19,026 | -26.7% |
| Trade receivables | 40 | €53,561 | €37,793 | -€15,768 | -29.4% |
| Other amounts receivable | 41 | €17,752 | €14,494 | -€3,258 | -18.4% |
| Cash at bank and in hand | 54/58 | €8,988 | €34 | -€8,954 | -99.6% |
| Total equity and liabilities | 10/49 | €81,852 | €53,692 | -€28,160 | -34.4% |
| Equity | 10/15 | €62,189 | €52,889 | -€9,300 | -15.0% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Capital | 10 | €6,205 | €6,205 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €25,906 | €25,906 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,046 | €24,046 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,078 | €20,778 | -€9,300 | -30.9% |
| Amounts payable | 17/49 | €19,664 | €803 | -€18,861 | -95.9% |
| Amounts payable within one year | 42/48 | €6,662 | €803 | -€5,859 | -87.9% |
| Trade debts | 44 | €2,157 | €565 | -€1,591 | -73.8% |
| Suppliers | 440/4 | €2,157 | €565 | -€1,591 | -73.8% |
| Taxes, remuneration and social security | 45 | €4,505 | €238 | -€4,268 | -94.7% |
| Taxes | 450/3 | €265 | €238 | -€28 | -10.4% |
| Remuneration and social security | 454/9 | €4,240 | - | -€4,240 | |
| Accrued charges and deferred income | 492/3 | €13,002 | - | -€13,002 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €356 | €180 | -€176 | -49.4% |
| Other operating charges | 640/8 | €519 | €690 | +€170 | +32.8% |
| Gross operating margin | 9900 | -€16,722 | -€8,153 | +€8,569 | +51.2% |
| Operating profit (loss) | 9901 | -€17,597 | -€9,023 | +€8,574 | +48.7% |
| Financial income | 75/76B | €81 | €37 | -€44 | -54.2% |
| Recurring financial income | 75 | €81 | €37 | -€44 | -54.2% |
| Financial charges | 65/66B | €136 | €173 | +€38 | +27.7% |
| Recurring financial charges | 65 | €136 | €173 | +€38 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,652 | -€9,159 | +€8,492 | +48.1% |
| Income taxes | 67/77 | €133 | €140 | +€8 | +6.0% |
| Profit (loss) for the period | 9904 | -€17,784 | -€9,300 | +€8,484 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,784 | -€9,300 | +€8,484 | +47.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.