ADELDENTAL: 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.
ADELDENTAL
Largest movements
- Tangible fixed assets -€130,179
down €130,179 (-11.1%), from €1.2m to €1.0m
of which Land and buildings: -€77,880
- Current investments -€22,000
down €22,000 (-13.6%), from €161,250 to €139,250
- Receivables within one year -€17,671
down €17,671 (-66.4%), from €26,624 to €8,953
of which Other amounts receivable: -€16,524
- Reserves -€131,933
down €131,933 (-17.4%), from €759,687 to €627,754
of which Distributable reserves: -€78,409
- Other debts +€105,694
up €105,694 (+854%), from €12,377 to €118,070
- Debts after one year -€93,507
down €93,507 (-15.4%), from €608,388 to €514,881
- Gross operating margin +€58,391
up €58,391 (+31.6%), from €184,904 to €243,295
- Taxes +€21,413
up €21,413 (+452%), from €4,733 to €26,146
- Financial income -€11,931
down €11,931 (-69.9%), from €17,076 to €5,145
- Staff costs -€3,009
down €3,009 (-5.7%), from €52,749 to €49,740
- Other operating charges -€2,857
down €2,857 (-24.4%), from €11,717 to €8,860
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 | €1,673,089 | €1,522,146 | -€150,943 | -9.0% |
| Fixed assets | 21/28 | €1,302,301 | €1,184,861 | -€117,440 | -9.0% |
| Tangible fixed assets | 22/27 | €1,172,233 | €1,042,054 | -€130,179 | -11.1% |
| Land and buildings | 22 | €987,972 | €910,092 | -€77,880 | -7.9% |
| Plant, machinery and equipment | 23 | €157,899 | €116,791 | -€41,108 | -26.0% |
| Furniture and vehicles | 24 | €26,362 | €15,171 | -€11,191 | -42.5% |
| Financial fixed assets | 28 | €130,067 | €142,807 | +€12,740 | +9.8% |
| Current assets | 29/58 | €370,789 | €337,285 | -€33,503 | -9.0% |
| Amounts receivable within one year | 40/41 | €26,624 | €8,953 | -€17,671 | -66.4% |
| Trade receivables | 40 | €10,099 | €8,953 | -€1,147 | -11.4% |
| Other amounts receivable | 41 | €16,524 | - | -€16,524 | |
| Current investments | 50/53 | €161,250 | €139,250 | -€22,000 | -13.6% |
| Cash at bank and in hand | 54/58 | €163,182 | €176,926 | +€13,744 | +8.4% |
| Deferred charges and accrued income | 490/1 | €19,733 | €12,157 | -€7,576 | -38.4% |
| Total equity and liabilities | 10/49 | €1,673,089 | €1,522,146 | -€150,943 | -9.0% |
| Equity | 10/15 | €814,938 | €683,005 | -€131,933 | -16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €759,687 | €627,754 | -€131,933 | -17.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €332,805 | €279,281 | -€53,524 | -16.1% |
| Distributable reserves | 133 | €425,022 | €346,613 | -€78,409 | -18.4% |
| Profit (loss) carried forward | 14 | €36,651 | €36,651 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €73,203 | €59,295 | -€13,907 | -19.0% |
| Deferred taxes | 168 | €73,203 | €59,295 | -€13,907 | -19.0% |
| Amounts payable | 17/49 | €784,949 | €779,845 | -€5,103 | -0.7% |
| Amounts payable after more than one year | 17 | €608,388 | €514,881 | -€93,507 | -15.4% |
| Financial debts | 170/4 | €608,388 | €514,881 | -€93,507 | -15.4% |
| Amounts payable within one year | 42/48 | €154,835 | €244,341 | +€89,506 | +57.8% |
| Current portion of amounts payable after more than one year | 42 | €113,740 | €102,373 | -€11,367 | -10.0% |
| Trade debts | 44 | €16,307 | €8,390 | -€7,917 | -48.6% |
| Suppliers | 440/4 | €16,307 | €8,390 | -€7,917 | -48.6% |
| Taxes, remuneration and social security | 45 | €12,412 | €15,508 | +€3,096 | +24.9% |
| Taxes | 450/3 | €3,600 | €11,600 | +€8,000 | +222% |
| Remuneration and social security | 454/9 | €8,812 | €3,908 | -€4,904 | -55.6% |
| Other amounts payable | 47/48 | €12,377 | €118,070 | +€105,694 | +854% |
| Accrued charges and deferred income | 492/3 | €21,726 | €20,624 | -€1,102 | -5.1% |
| Remuneration, social security and pensions | 62 | €52,749 | €49,740 | -€3,009 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,050 | €152,489 | -€2,561 | -1.7% |
| Other operating charges | 640/8 | €11,717 | €8,860 | -€2,857 | -24.4% |
| Gross operating margin | 9900 | €184,904 | €243,295 | +€58,391 | +31.6% |
| Operating profit (loss) | 9901 | -€34,611 | €32,206 | +€66,817 | |
| Financial income | 75/76B | €17,076 | €5,145 | -€11,931 | -69.9% |
| Recurring financial income | 75 | €17,076 | €5,145 | -€11,931 | -69.9% |
| Financial charges | 65/66B | €23,085 | €20,445 | -€2,640 | -11.4% |
| Recurring financial charges | 65 | €23,085 | €20,445 | -€2,640 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€40,620 | €16,906 | +€57,526 | |
| Transfer from deferred taxes | 780 | €13,907 | €13,907 | = | 0.0% |
| Income taxes | 67/77 | €4,733 | €26,146 | +€21,413 | +452% |
| Profit (loss) for the period | 9904 | -€31,446 | €4,667 | +€36,114 | |
| Transfer from tax-exempt reserves | 789 | €55,629 | €55,629 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €2,105 | +€2,105 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,183 | €58,191 | +€34,009 | +141% |
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 1 November 2026 via checked.be.