ADELFI CONSULTING: 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.
ADELFI CONSULTING
Largest movements
- Financial fixed assets -€33,100
down €33,100 (-100%), from €33,100 to €0
- Intangible fixed assets -€17,818
down €17,818 (-100%), from €17,818 to €0
- Tangible fixed assets -€7,973
down €7,973 (-1.9%), from €425,043 to €417,070
- Debts within one year -€56,097
down €56,097 (-32.3%), from €173,846 to €117,749
- Turnover -€57,409
down €57,409 (-46.2%), from €124,216 to €66,807
- Financial income +€32,429
new in 2022: €32,429
of which Non-recurring financial income: +€32,429
- Purchases and services +€31,465
new in 2022: €31,465
- Depreciation -€7,528
down €7,528 (-18.5%), from €40,658 to €33,129
- Gross operating margin -€6,428
down €6,428 (-11.8%), from €54,574 to €48,146
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €478,527 | €420,668 | -€57,859 | -12.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €475,961 | €417,070 | -€58,891 | -12.4% |
| Intangible fixed assets | 21 | €17,818 | €0 | -€17,818 | -100% |
| Tangible fixed assets | 22/27 | €425,043 | €417,070 | -€7,973 | -1.9% |
| Land and buildings | 22 | - | €391,308 | +€391,308 | |
| Plant, machinery and equipment | 23 | - | €25,762 | +€25,762 | |
| Financial fixed assets | 28 | €33,100 | €0 | -€33,100 | -100% |
| Current assets | 29/58 | €2,566 | €3,598 | +€1,032 | +40.2% |
| Amounts receivable within one year | 40/41 | €2,566 | €1,098 | -€1,468 | -57.2% |
| Trade receivables | 40 | - | €1,098 | +€1,098 | |
| Cash at bank and in hand | 54/58 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €478,527 | €420,668 | -€57,859 | -12.1% |
| Equity | 10/15 | €284,416 | €282,654 | -€1,762 | -0.6% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | - | €400,000 | +€400,000 | |
| Issued capital | 100 | - | €400,000 | +€400,000 | |
| Reserves | 13 | €32,205 | €32,205 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €32,205 | +€32,205 | |
| Profit (loss) carried forward | 14 | -€147,789 | -€149,551 | -€1,762 | -1.2% |
| Provisions and deferred taxes | 16 | €20,266 | €20,266 | = | 0.0% |
| Deferred taxes | 168 | - | €20,266 | +€20,266 | |
| Amounts payable | 17/49 | €173,846 | €117,749 | -€56,097 | -32.3% |
| Amounts payable within one year | 42/48 | €173,846 | €117,749 | -€56,097 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | - | €10,289 | +€10,289 | |
| Trade debts | 44 | €9,481 | €1,128 | -€8,353 | -88.1% |
| Suppliers | 440/4 | - | €1,128 | +€1,128 | |
| Taxes, remuneration and social security | 45 | - | €2,900 | +€2,900 | |
| Taxes | 450/3 | - | €2,900 | +€2,900 | |
| Other amounts payable | 47/48 | - | €103,431 | +€103,431 | |
| Turnover | 70 | €124,216 | €66,807 | -€57,409 | -46.2% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €31,465 | +€31,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,658 | €33,129 | -€7,528 | -18.5% |
| Other operating charges | 640/8 | - | €2,431 | +€2,431 | |
| Non-recurring operating charges | 66A | - | €42,703 | +€42,703 | |
| Gross operating margin | 9900 | €54,574 | €48,146 | -€6,428 | -11.8% |
| Operating profit (loss) | 9901 | €10,673 | -€30,118 | -€40,790 | |
| Financial income | 75/76B | - | €32,429 | +€32,429 | |
| Recurring financial income | 75 | €967 | €0 | -€967 | -100.0% |
| Non-recurring financial income | 76B | - | €32,429 | +€32,429 | |
| Financial charges | 65/66B | - | €1,173 | +€1,173 | |
| Recurring financial charges | 65 | €641 | €1,173 | +€532 | +83.0% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €10,999 | €1,138 | -€9,860 | -89.7% |
| Income taxes | 67/77 | - | €2,900 | +€2,900 | |
| Profit (loss) for the period | 9904 | €10,999 | -€1,762 | -€12,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,999 | -€1,762 | -€12,760 |
Source: filed annual accounts (NBB), financial years ended 31 March 2021 and 31 March 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.