ADELPHIA: 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.
ADELPHIA
Largest movements
- Tangible fixed assets -€509,343
down €509,343 (-3.3%), from €15.3m to €14.8m
- Debts after one year -€692,971
down €692,971 (-10.2%), from €6.8m to €6.1m
of which Financial debts: -€499,849
- Financial charges -€29,938
down €29,938 (-8.9%), from €335,183 to €305,245
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 | €15,343,021 | €14,832,901 | -€510,120 | -3.3% |
| Formation expenses | 20 | €244 | €244 | = | 0.0% |
| Fixed assets | 21/28 | €15,341,971 | €14,832,628 | -€509,343 | -3.3% |
| Tangible fixed assets | 22/27 | €15,341,971 | €14,832,628 | -€509,343 | -3.3% |
| Land and buildings | 22 | €15,341,971 | €14,832,628 | -€509,343 | -3.3% |
| Current assets | 29/58 | €806 | €30 | -€777 | -96.3% |
| Cash at bank and in hand | 54/58 | €806 | €30 | -€777 | -96.3% |
| Total equity and liabilities | 10/49 | €15,343,021 | €14,832,901 | -€510,120 | -3.3% |
| Equity | 10/15 | €7,658,214 | €7,676,363 | +€18,149 | +0.2% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,657,155 | €6,657,155 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,059 | €19,207 | +€18,149 | +1714.5% |
| Amounts payable | 17/49 | €7,684,807 | €7,156,539 | -€528,269 | -6.9% |
| Amounts payable after more than one year | 17 | €6,819,228 | €6,126,257 | -€692,971 | -10.2% |
| Financial debts | 170/4 | €6,626,106 | €6,126,257 | -€499,849 | -7.5% |
| Other amounts payable | 178/9 | €193,122 | - | -€193,122 | |
| Amounts payable within one year | 42/48 | €865,579 | €1,030,282 | +€164,702 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €706,559 | €739,660 | +€33,100 | +4.7% |
| Financial debts | 43 | - | €144,500 | +€144,500 | |
| Other loans | 439 | - | €144,500 | +€144,500 | |
| Trade debts | 44 | €144,617 | €146,122 | +€1,505 | +1.0% |
| Suppliers | 440/4 | €144,617 | €146,122 | +€1,505 | +1.0% |
| Other amounts payable | 47/48 | €14,403 | - | -€14,403 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €509,343 | €509,343 | = | 0.0% |
| Other operating charges | 640/8 | €147,184 | €148,375 | +€1,191 | +0.8% |
| Gross operating margin | 9900 | €986,292 | €981,112 | -€5,180 | -0.5% |
| Operating profit (loss) | 9901 | €329,765 | €323,394 | -€6,371 | -1.9% |
| Financial charges | 65/66B | €335,183 | €305,245 | -€29,938 | -8.9% |
| Recurring financial charges | 65 | €335,183 | €305,245 | -€29,938 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,418 | €18,149 | +€23,567 | |
| Profit (loss) for the period | 9904 | -€5,418 | €18,149 | +€23,567 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,418 | €18,149 | +€23,567 |
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.