ADELAIDE LEFEVRE: 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.
ADELAIDE LEFEVRE
Largest movements
- Cash +€36,210
up €36,210 (+175%), from €20,745 to €56,955
mainly Depreciation (+€33,746) and Net result for the year (+€21,199)
- Tangible fixed assets -€22,982
down €22,982 (-5.4%), from €423,520 to €400,538
of which Land and buildings: -€11,570
- Receivables within one year -€8,481
down €8,481 (-8.1%), from €104,978 to €96,497
of which Other amounts receivable: -€7,361
- Debts after one year -€36,872
down €36,872 (-14.4%), from €256,487 to €219,615
- Reserves +€21,000
up €21,000 (+21.1%), from €99,410 to €120,410
of which Distributable reserves: +€21,000
- Tax, wage and social debts +€15,067
up €15,067 (+110%), from €13,758 to €28,825
- Gross operating margin +€8,154
up €8,154 (+12.3%), from €66,108 to €74,261
- Financial charges -€2,599
down €2,599 (-30.4%), from €8,549 to €5,950
- Depreciation +€2,522
up €2,522 (+8.1%), from €31,224 to €33,746
- Taxes +€1,844
up €1,844 (+18.5%), from €9,954 to €11,798
- Financial income -€1,701
down €1,701 (-99.9%), from €1,702 to €1
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 | €549,701 | €554,040 | +€4,338 | +0.8% |
| Fixed assets | 21/28 | €423,570 | €400,588 | -€22,982 | -5.4% |
| Tangible fixed assets | 22/27 | €423,520 | €400,538 | -€22,982 | -5.4% |
| Land and buildings | 22 | €397,225 | €385,655 | -€11,570 | -2.9% |
| Furniture and vehicles | 24 | €26,295 | €14,883 | -€11,412 | -43.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €126,131 | €153,452 | +€27,320 | +21.7% |
| Amounts receivable within one year | 40/41 | €104,978 | €96,497 | -€8,481 | -8.1% |
| Trade receivables | 40 | €14,896 | €13,777 | -€1,119 | -7.5% |
| Other amounts receivable | 41 | €90,082 | €82,720 | -€7,361 | -8.2% |
| Cash at bank and in hand | 54/58 | €20,745 | €56,955 | +€36,210 | +175% |
| Deferred charges and accrued income | 490/1 | €409 | - | -€409 | |
| Total equity and liabilities | 10/49 | €549,701 | €554,040 | +€4,338 | +0.8% |
| Equity | 10/15 | €240,609 | €261,808 | +€21,199 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,410 | €120,410 | +€21,000 | +21.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €97,550 | €118,550 | +€21,000 | +21.5% |
| Profit (loss) carried forward | 14 | €122,599 | €122,798 | +€199 | +0.2% |
| Amounts payable | 17/49 | €309,092 | €292,231 | -€16,861 | -5.5% |
| Amounts payable after more than one year | 17 | €256,487 | €219,615 | -€36,872 | -14.4% |
| Financial debts | 170/4 | €256,487 | €219,615 | -€36,872 | -14.4% |
| Amounts payable within one year | 42/48 | €52,137 | €72,124 | +€19,987 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €36,344 | €36,872 | +€528 | +1.5% |
| Trade debts | 44 | €2,034 | €6,427 | +€4,393 | +216% |
| Suppliers | 440/4 | €2,034 | €6,427 | +€4,393 | +216% |
| Taxes, remuneration and social security | 45 | €13,758 | €28,825 | +€15,067 | +110% |
| Taxes | 450/3 | €13,758 | €28,825 | +€15,067 | +110% |
| Accrued charges and deferred income | 492/3 | €468 | €492 | +€24 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,224 | €33,746 | +€2,522 | +8.1% |
| Other operating charges | 640/8 | €1,255 | €1,570 | +€315 | +25.1% |
| Gross operating margin | 9900 | €66,108 | €74,261 | +€8,154 | +12.3% |
| Operating profit (loss) | 9901 | €33,629 | €38,945 | +€5,316 | +15.8% |
| Financial income | 75/76B | €1,702 | €1 | -€1,701 | -99.9% |
| Recurring financial income | 75 | €1,702 | €1 | -€1,701 | -99.9% |
| Financial charges | 65/66B | €8,549 | €5,950 | -€2,599 | -30.4% |
| Recurring financial charges | 65 | €8,549 | €5,950 | -€2,599 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €26,782 | €32,997 | +€6,215 | +23.2% |
| Income taxes | 67/77 | €9,954 | €11,798 | +€1,844 | +18.5% |
| Profit (loss) for the period | 9904 | €16,828 | €21,199 | +€4,371 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,828 | €21,199 | +€4,371 | +26.0% |
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 25 October 2026 via checked.be.