ADELAR: 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.
ADELAR
Largest movements
- Cash +€169,434
up €169,434 (+286%), from €59,289 to €228,722
mainly Net result for the year (+€154,931) and Current investments (+€20,000)
- Deferred charges and accrued income +€23,914
up €23,914 (+1,497%), from €1,597 to €25,512
- Current investments -€20,000
down €20,000 (-100%), from €20,000 to €0
- Receivables within one year -€12,599
down €12,599 (-51.1%), from €24,655 to €12,056
of which Trade receivables: -€14,975
- Reserves +€154,931
up €154,931 (+281%), from €55,142 to €210,073
- Tax, wage and social debts +€17,601
up €17,601 (+55.9%), from €31,475 to €49,075
- Other debts -€9,068
down €9,068 (-100%), from €9,068 to €0
- Gross operating margin +€130,604
up €130,604 (+171%), from €76,286 to €206,890
- Taxes +€31,938
up €31,938 (+201%), from €15,891 to €47,829
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 | €106,655 | €267,654 | +€160,999 | +151% |
| Fixed assets | 21/28 | €1,115 | €1,364 | +€250 | +22.4% |
| Tangible fixed assets | 22/27 | €971 | €1,195 | +€225 | +23.2% |
| Plant, machinery and equipment | 23 | €971 | €1,195 | +€225 | +23.2% |
| Financial fixed assets | 28 | €144 | €169 | +€25 | +17.4% |
| Current assets | 29/58 | €105,540 | €266,290 | +€160,749 | +152% |
| Amounts receivable within one year | 40/41 | €24,655 | €12,056 | -€12,599 | -51.1% |
| Trade receivables | 40 | €24,655 | €9,680 | -€14,975 | -60.7% |
| Other amounts receivable | 41 | - | €2,376 | +€2,376 | |
| Current investments | 50/53 | €20,000 | €0 | -€20,000 | -100% |
| Cash at bank and in hand | 54/58 | €59,289 | €228,722 | +€169,434 | +286% |
| Deferred charges and accrued income | 490/1 | €1,597 | €25,512 | +€23,914 | +1,497% |
| Total equity and liabilities | 10/49 | €106,655 | €267,654 | +€160,999 | +151% |
| Equity | 10/15 | €60,142 | €215,073 | +€154,931 | +258% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €55,142 | €210,073 | +€154,931 | +281% |
| Distributable reserves | 133 | €55,142 | €210,073 | +€154,931 | +281% |
| Amounts payable | 17/49 | €46,513 | €52,581 | +€6,068 | +13.0% |
| Amounts payable within one year | 42/48 | €45,133 | €52,252 | +€7,119 | +15.8% |
| Trade debts | 44 | €4,591 | €3,177 | -€1,414 | -30.8% |
| Suppliers | 440/4 | €4,591 | €3,177 | -€1,414 | -30.8% |
| Taxes, remuneration and social security | 45 | €31,475 | €49,075 | +€17,601 | +55.9% |
| Taxes | 450/3 | €31,475 | €49,075 | +€17,601 | +55.9% |
| Other amounts payable | 47/48 | €9,068 | €0 | -€9,068 | -100% |
| Accrued charges and deferred income | 492/3 | €1,380 | €329 | -€1,051 | -76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125 | €486 | +€361 | +289% |
| Other operating charges | 640/8 | €753 | €849 | +€95 | +12.6% |
| Gross operating margin | 9900 | €76,286 | €206,890 | +€130,604 | +171% |
| Operating profit (loss) | 9901 | €75,408 | €205,556 | +€130,148 | +173% |
| Financial income | 75/76B | - | €1,177 | +€1,177 | |
| Recurring financial income | 75 | - | €1,177 | +€1,177 | |
| Financial charges | 65/66B | €4,376 | €3,973 | -€403 | -9.2% |
| Recurring financial charges | 65 | €4,376 | €3,973 | -€403 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €71,032 | €202,760 | +€131,728 | +185% |
| Income taxes | 67/77 | €15,891 | €47,829 | +€31,938 | +201% |
| Profit (loss) for the period | 9904 | €55,142 | €154,931 | +€99,789 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €55,142 | €154,931 | +€99,789 | +181% |
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 20 October 2026 via checked.be.