ADELANTE: 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.
ADELANTE
Largest movements
- Receivables within one year -€2,155
down €2,155 (-59.8%), from €3,605 to €1,450
- Cash -€1,259
down €1,259 (-4.1%), from €30,712 to €29,453
mainly Net result for the year (-€3,541) and Contributions, distributions and other (-€833)
- Profit (loss) carried forward -€3,541
down €3,541 (-40.0%), from -€8,846 to -€12,387
- Trade debts +€1,535
up €1,535 (+55.7%), from €2,754 to €4,289
- Reserves -€833
down €833 (-2.5%), from €33,274 to €32,441
of which Distributable reserves: -€833
- Tax, wage and social debts -€824
down €824 (-78.4%), from €1,051 to €228
- Gross operating margin -€2,524
down €2,524, from €356 to -€2,167
- Depreciation -€866
down €866 (-92.4%), from €937 to €71
- Financial charges +€38
up €38 (+4.4%), from €865 to €903
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 | €34,432 | €30,947 | -€3,485 | -10.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €116 | €45 | -€71 | -61.3% |
| Tangible fixed assets | 22/27 | €71 | €0 | -€71 | -100.0% |
| Plant, machinery and equipment | 23 | €71 | €0 | -€71 | -100.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €34,316 | €30,903 | -€3,414 | -9.9% |
| Amounts receivable within one year | 40/41 | €3,605 | €1,450 | -€2,155 | -59.8% |
| Other amounts receivable | 41 | €3,605 | €1,450 | -€2,155 | -59.8% |
| Cash at bank and in hand | 54/58 | €30,712 | €29,453 | -€1,259 | -4.1% |
| Total equity and liabilities | 10/49 | €34,432 | €30,947 | -€3,485 | -10.1% |
| Equity | 10/15 | €30,627 | €26,253 | -€4,374 | -14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,274 | €32,441 | -€833 | -2.5% |
| 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 | €31,414 | €30,581 | -€833 | -2.7% |
| Profit (loss) carried forward | 14 | -€8,846 | -€12,387 | -€3,541 | -40.0% |
| Amounts payable | 17/49 | €3,805 | €4,694 | +€889 | +23.4% |
| Amounts payable within one year | 42/48 | €3,805 | €4,694 | +€889 | +23.4% |
| Trade debts | 44 | €2,754 | €4,289 | +€1,535 | +55.7% |
| Suppliers | 440/4 | €2,754 | €4,289 | +€1,535 | +55.7% |
| Taxes, remuneration and social security | 45 | €1,051 | €228 | -€824 | -78.4% |
| Taxes | 450/3 | €1,051 | €228 | -€824 | -78.4% |
| Other amounts payable | 47/48 | - | €178 | +€178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €937 | €71 | -€866 | -92.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €356 | -€2,167 | -€2,524 | |
| Operating profit (loss) | 9901 | -€968 | -€2,638 | -€1,670 | -172.5% |
| Financial charges | 65/66B | €865 | €903 | +€38 | +4.4% |
| Recurring financial charges | 65 | €865 | €903 | +€38 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,833 | -€3,541 | -€1,708 | -93.2% |
| Profit (loss) for the period | 9904 | -€1,833 | -€3,541 | -€1,708 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,833 | -€3,541 | -€1,708 | -93.2% |
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 10 October 2026 via checked.be.