ADELAÏDE & CO: 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.
ADELAÏDE & CO
Largest movements
- Tangible fixed assets -€29,658
down €29,658 (-3.1%), from €952,717 to €923,059
- Debts after one year -€36,020
down €36,020 (-9.0%), from €398,105 to €362,085
- Trade debts +€10,237
up €10,237 (+34.7%), from €29,493 to €39,730
- Gross operating margin -€7,768
down €7,768 (-14.3%), from €54,353 to €46,585
- Other operating charges -€1,503
down €1,503 (-20.6%), from €7,283 to €5,780
- Financial charges +€1,003
up €1,003 (+5.6%), from €17,971 to €18,974
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €953,159 | €923,211 | -€29,948 | -3.1% |
| Fixed assets | 21/28 | €952,717 | €923,059 | -€29,658 | -3.1% |
| Tangible fixed assets | 22/27 | €952,717 | €923,059 | -€29,658 | -3.1% |
| Land and buildings | 22 | €952,717 | €923,059 | -€29,658 | -3.1% |
| Current assets | 29/58 | €442 | €152 | -€290 | -65.6% |
| Cash at bank and in hand | 54/58 | €442 | €152 | -€290 | -65.6% |
| Total equity and liabilities | 10/49 | €953,159 | €923,211 | -€29,948 | -3.1% |
| Equity | 10/15 | -€380,660 | -€387,514 | -€6,854 | -1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,096 | €65,177 | -€2,919 | -4.3% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Tax-exempt reserves | 132 | €67,796 | €64,877 | -€2,919 | -4.3% |
| Profit (loss) carried forward | 14 | -€454,956 | -€458,891 | -€3,935 | -0.9% |
| Provisions and deferred taxes | 16 | €22,599 | €21,626 | -€973 | -4.3% |
| Deferred taxes | 168 | €22,599 | €21,626 | -€973 | -4.3% |
| Amounts payable | 17/49 | €1,311,220 | €1,289,099 | -€22,121 | -1.7% |
| Amounts payable after more than one year | 17 | €398,105 | €362,085 | -€36,020 | -9.0% |
| Financial debts | 170/4 | €398,105 | €362,085 | -€36,020 | -9.0% |
| Amounts payable within one year | 42/48 | €880,952 | €894,851 | +€13,899 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €33,569 | €36,020 | +€2,451 | +7.3% |
| Financial debts | 43 | €12,991 | €13,318 | +€327 | +2.5% |
| Credit institutions | 430/8 | €12,991 | €13,318 | +€327 | +2.5% |
| Trade debts | 44 | €29,493 | €39,730 | +€10,237 | +34.7% |
| Suppliers | 440/4 | €29,493 | €39,730 | +€10,237 | +34.7% |
| Other amounts payable | 47/48 | €804,899 | €805,783 | +€884 | +0.1% |
| Accrued charges and deferred income | 492/3 | €32,163 | €32,163 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,658 | €29,658 | = | 0.0% |
| Other operating charges | 640/8 | €7,283 | €5,780 | -€1,503 | -20.6% |
| Gross operating margin | 9900 | €54,353 | €46,585 | -€7,768 | -14.3% |
| Operating profit (loss) | 9901 | €17,412 | €11,147 | -€6,265 | -36.0% |
| Financial charges | 65/66B | €17,971 | €18,974 | +€1,003 | +5.6% |
| Recurring financial charges | 65 | €17,971 | €18,974 | +€1,003 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€559 | -€7,827 | -€7,268 | -1,300% |
| Transfer from deferred taxes | 780 | €973 | €973 | = | 0.0% |
| Profit (loss) for the period | 9904 | €414 | -€6,854 | -€7,268 | |
| Transfer from tax-exempt reserves | 789 | €2,919 | €2,919 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,333 | -€3,935 | -€7,268 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.