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 +€27,456
up €27,456 (+297%), from €9,252 to €36,708
of which Trade receivables: +€26,462
- Cash +€1,274
up €1,274 (+64.9%), from €1,963 to €3,237
mainly Trade debts (+€26,322) and Other debts (+€5,863)
- Trade debts +€26,322
up €26,322 (+894%), from €2,945 to €29,267
- Other debts +€5,863
up €5,863 (+12.0%), from €48,901 to €54,764
- Profit (loss) carried forward -€3,523
down €3,523 (-0.7%), from -€535,743 to -€539,266
- Gross operating margin +€13,554
up €13,554 (+83.0%), from -€16,324 to -€2,770
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 | €11,477 | €40,139 | +€28,662 | +250% |
| Current assets | 29/58 | €11,477 | €40,139 | +€28,662 | +250% |
| Amounts receivable within one year | 40/41 | €9,252 | €36,708 | +€27,456 | +297% |
| Trade receivables | 40 | €2,918 | €29,380 | +€26,462 | +907% |
| Other amounts receivable | 41 | €6,334 | €7,328 | +€994 | +15.7% |
| Cash at bank and in hand | 54/58 | €1,963 | €3,237 | +€1,274 | +64.9% |
| Deferred charges and accrued income | 490/1 | €262 | €194 | -€69 | -26.2% |
| Total equity and liabilities | 10/49 | €11,477 | €40,139 | +€28,662 | +250% |
| Equity | 10/15 | -€40,369 | -€43,892 | -€3,523 | -8.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €433,374 | €433,374 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €427,174 | €427,174 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€535,743 | -€539,266 | -€3,523 | -0.7% |
| Amounts payable | 17/49 | €51,846 | €84,031 | +€32,185 | +62.1% |
| Amounts payable within one year | 42/48 | €51,846 | €84,031 | +€32,185 | +62.1% |
| Trade debts | 44 | €2,945 | €29,267 | +€26,322 | +894% |
| Suppliers | 440/4 | €2,945 | €29,267 | +€26,322 | +894% |
| Other amounts payable | 47/48 | €48,901 | €54,764 | +€5,863 | +12.0% |
| Other operating charges | 640/8 | €568 | €456 | -€112 | -19.7% |
| Gross operating margin | 9900 | -€16,324 | -€2,770 | +€13,554 | +83.0% |
| Operating profit (loss) | 9901 | -€16,892 | -€3,226 | +€13,666 | +80.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | +638% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +638% |
| Financial charges | 65/66B | €351 | €298 | -€54 | -15.3% |
| Recurring financial charges | 65 | €351 | €298 | -€54 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,243 | -€3,523 | +€13,720 | +79.6% |
| Profit (loss) for the period | 9904 | -€17,243 | -€3,523 | +€13,720 | +79.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,243 | -€3,523 | +€13,720 | +79.6% |
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 28 October 2026 via checked.be.