ADELANTUM SERVICES: 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.
ADELANTUM SERVICES
Largest movements
- Cash -€213,580
down €213,580 (-87.0%), from €245,454 to €31,874
mainly Current investments (-€121,763) and Contributions, distributions and other (-€90,000)
- Current investments +€121,763
new in 2025: €121,763
- Receivables within one year +€4,906
up €4,906 (+319%), from €1,538 to €6,444
of which Other amounts receivable: +€5,148
- Profit (loss) carried forward -€64,660
no longer reported in 2025 (was €64,660)
- Reserves -€24,115
down €24,115 (-15.0%), from €160,370 to €136,255
- Gross operating margin -€1,267
down €1,267 (-54.2%), from €2,339 to €1,072
- Financial income +€1,073
up €1,073 (+56.0%), from €1,914 to €2,987
- Taxes +€941
up €941 (+142%), from €663 to €1,604
- Other operating charges -€96
down €96 (-9.8%), from €982 to €886
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 | €247,909 | €160,665 | -€87,244 | -35.2% |
| Fixed assets | 21/28 | €322 | €73 | -€249 | -77.3% |
| Tangible fixed assets | 22/27 | €322 | €73 | -€249 | -77.3% |
| Furniture and vehicles | 24 | €322 | €73 | -€249 | -77.3% |
| Current assets | 29/58 | €247,587 | €160,592 | -€86,995 | -35.1% |
| Amounts receivable within one year | 40/41 | €1,538 | €6,444 | +€4,906 | +319% |
| Trade receivables | 40 | €242 | - | -€242 | |
| Other amounts receivable | 41 | €1,296 | €6,444 | +€5,148 | +397% |
| Current investments | 50/53 | - | €121,763 | +€121,763 | |
| Cash at bank and in hand | 54/58 | €245,454 | €31,874 | -€213,580 | -87.0% |
| Deferred charges and accrued income | 490/1 | €596 | €511 | -€85 | -14.3% |
| Total equity and liabilities | 10/49 | €247,909 | €160,665 | -€87,244 | -35.2% |
| Equity | 10/15 | €243,630 | €154,855 | -€88,775 | -36.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,370 | €136,255 | -€24,115 | -15.0% |
| Distributable reserves | 133 | €160,370 | €136,255 | -€24,115 | -15.0% |
| Profit (loss) carried forward | 14 | €64,660 | - | -€64,660 | |
| Amounts payable | 17/49 | €4,279 | €5,810 | +€1,531 | +35.8% |
| Amounts payable within one year | 42/48 | €229 | €860 | +€631 | +276% |
| Trade debts | 44 | €5 | €65 | +€60 | +1,200% |
| Suppliers | 440/4 | €5 | €65 | +€60 | +1,200% |
| Taxes, remuneration and social security | 45 | €224 | €795 | +€571 | +255% |
| Taxes | 450/3 | €224 | €795 | +€571 | +255% |
| Accrued charges and deferred income | 492/3 | €4,050 | €4,950 | +€900 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248 | €248 | -€0 | -0.1% |
| Other operating charges | 640/8 | €982 | €886 | -€96 | -9.8% |
| Gross operating margin | 9900 | €2,339 | €1,072 | -€1,267 | -54.2% |
| Operating profit (loss) | 9901 | €1,108 | -€62 | -€1,170 | |
| Financial income | 75/76B | €1,914 | €2,987 | +€1,073 | +56.0% |
| Recurring financial income | 75 | €1,914 | €2,987 | +€1,073 | +56.0% |
| Financial charges | 65/66B | €115 | €96 | -€19 | -16.7% |
| Recurring financial charges | 65 | €115 | €96 | -€19 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €2,907 | €2,829 | -€78 | -2.7% |
| Income taxes | 67/77 | €663 | €1,604 | +€941 | +142% |
| Profit (loss) for the period | 9904 | €2,244 | €1,225 | -€1,019 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,244 | €1,225 | -€1,019 | -45.4% |
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 20 October 2026 via checked.be.