Adelaar: what changed
Two financial 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.
Adelaar
Largest movements
- Receivables within one year +€12,053
up €12,053 (+15.3%), from €78,713 to €90,766
of which Other amounts receivable: +€7,933
- Cash -€2,573
down €2,573 (-55.0%), from €4,677 to €2,104
mainly Receivables within one year (-€12,053) and Tax, wage and social debts (-€2,740)
- Reserves +€14,706
up €14,706 (+29,412%), from €50 to €14,756
of which Distributable reserves: +€14,706
- Tax, wage and social debts -€2,740
down €2,740 (-20.9%), from €13,078 to €10,338
- Advances received -€2,540
no longer reported in 2025 (was €2,540)
- Purchases and services +€28,271
up €28,271 (+58.2%), from €48,545 to €76,817
- Turnover +€17,398
up €17,398 (+23.4%), from €74,352 to €91,750
- Gross operating margin -€8,757
down €8,757 (-33.9%), from €25,807 to €17,050
- Financial income +€1,434
up €1,434 (+44.1%), from €3,253 to €4,687
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.
Derived cash bridge
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 | €83,390 | €92,870 | +€9,480 | +11.4% |
| Current assets | 29/58 | €83,390 | €92,870 | +€9,480 | +11.4% |
| Amounts receivable within one year | 40/41 | €78,713 | €90,766 | +€12,053 | +15.3% |
| Trade receivables | 40 | €2,100 | €6,219 | +€4,120 | +196% |
| Other amounts receivable | 41 | €76,613 | €84,547 | +€7,933 | +10.4% |
| Cash at bank and in hand | 54/58 | €4,677 | €2,104 | -€2,573 | -55.0% |
| Total equity and liabilities | 10/49 | €83,390 | €92,870 | +€9,480 | +11.4% |
| Equity | 10/15 | €66,998 | €81,705 | +€14,706 | +22.0% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €50 | €14,756 | +€14,706 | +29,412% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | - | €14,706 | +€14,706 | |
| Profit (loss) carried forward | 14 | €52,748 | €52,748 | = | 0.0% |
| Amounts payable | 17/49 | €16,391 | €11,165 | -€5,226 | -31.9% |
| Amounts payable within one year | 42/48 | €16,391 | €11,165 | -€5,226 | -31.9% |
| Trade debts | 44 | €773 | €827 | +€54 | +7.0% |
| Suppliers | 440/4 | €773 | €827 | +€54 | +7.0% |
| Advances received on contracts in progress | 46 | €2,540 | - | -€2,540 | |
| Taxes, remuneration and social security | 45 | €13,078 | €10,338 | -€2,740 | -20.9% |
| Taxes | 450/3 | €13,078 | €10,338 | -€2,740 | -20.9% |
| Turnover | 70 | €74,352 | €91,750 | +€17,398 | +23.4% |
| Non-recurring operating income | 76A | - | €2,116 | +€2,116 | |
| Goods, raw materials, services and sundry goods | 60/61 | €48,545 | €76,817 | +€28,271 | +58.2% |
| Other operating charges | 640/8 | €318 | €684 | +€366 | +115% |
| Gross operating margin | 9900 | €25,807 | €17,050 | -€8,757 | -33.9% |
| Operating profit (loss) | 9901 | €25,489 | €16,366 | -€9,123 | -35.8% |
| Financial income | 75/76B | €3,253 | €4,687 | +€1,434 | +44.1% |
| Recurring financial income | 75 | €3,253 | €4,687 | +€1,434 | +44.1% |
| Financial charges | 65/66B | €344 | €53 | -€291 | -84.5% |
| Recurring financial charges | 65 | €344 | €53 | -€291 | -84.5% |
| Profit (loss) for the period before taxes | 9903 | €28,398 | €20,999 | -€7,398 | -26.1% |
| Income taxes | 67/77 | €5,800 | €6,293 | +€493 | +8.5% |
| Profit (loss) for the period | 9904 | €22,598 | €14,706 | -€7,891 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,598 | €14,706 | -€7,891 | -34.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.