ADELTRONIK: what changed
Two fiscal 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.
ADELTRONIK
Largest movements
- Cash +€38,346
up €38,346 (+5650.8%), from €679 to €39,024
mainly Net result for the year (+€55,556) and Stocks and contracts (+€16,907)
- Stocks and contracts -€16,907
down €16,907 (-3.4%), from €494,973 to €478,066
- Tangible fixed assets -€10,530
down €10,530 (-4.6%), from €227,167 to €216,637
of which Land and buildings: -€8,209
- Profit (loss) carried forward +€55,556
up €55,556 (+58.3%), from €95,364 to €150,920
- Trade debts -€36,049
down €36,049 (-75.2%), from €47,941 to €11,893
- Other debts -€18,227
down €18,227 (-11.4%), from €159,440 to €141,213
- Gross operating margin +€89,663
up €89,663, from -€15,878 to €73,785
- Financial charges +€2,611
up €2,611 (+263.3%), from €992 to €3,602
- Depreciation +€741
up €741 (+7.9%), from €9,398 to €10,138
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 | €739,228 | €743,135 | +€3,906 | +0.5% |
| Fixed assets | 21/28 | €227,167 | €216,637 | -€10,530 | -4.6% |
| Tangible fixed assets | 22/27 | €227,167 | €216,637 | -€10,530 | -4.6% |
| Land and buildings | 22 | €221,637 | €213,429 | -€8,209 | -3.7% |
| Plant, machinery and equipment | 23 | €980 | €294 | -€686 | -70.0% |
| Furniture and vehicles | 24 | €3,728 | €2,504 | -€1,225 | -32.8% |
| Other tangible fixed assets | 26 | €821 | €411 | -€411 | -50.0% |
| Current assets | 29/58 | €512,062 | €526,497 | +€14,436 | +2.8% |
| Stocks and contracts in progress | 3 | €494,973 | €478,066 | -€16,907 | -3.4% |
| Stocks | 30/36 | €494,973 | €478,066 | -€16,907 | -3.4% |
| Amounts receivable within one year | 40/41 | €13,743 | €7,344 | -€6,399 | -46.6% |
| Trade receivables | 40 | €13,732 | €7,344 | -€6,388 | -46.5% |
| Other amounts receivable | 41 | €11 | €0 | -€11 | -100.0% |
| Cash at bank and in hand | 54/58 | €679 | €39,024 | +€38,346 | +5650.8% |
| Deferred charges and accrued income | 490/1 | €2,667 | €2,063 | -€604 | -22.6% |
| Total equity and liabilities | 10/49 | €739,228 | €743,135 | +€3,906 | +0.5% |
| Equity | 10/15 | €115,824 | €171,380 | +€55,556 | +48.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,364 | €150,920 | +€55,556 | +58.3% |
| Amounts payable | 17/49 | €623,404 | €571,754 | -€51,650 | -8.3% |
| Amounts payable after more than one year | 17 | €411,339 | €411,339 | = | 0.0% |
| Other amounts payable | 178/9 | €411,339 | €411,339 | = | 0.0% |
| Amounts payable within one year | 42/48 | €212,065 | €157,805 | -€54,260 | -25.6% |
| Trade debts | 44 | €47,941 | €11,893 | -€36,049 | -75.2% |
| Suppliers | 440/4 | €47,941 | €11,893 | -€36,049 | -75.2% |
| Taxes, remuneration and social security | 45 | €4,684 | €4,700 | +€15 | +0.3% |
| Taxes | 450/3 | €4,684 | €4,700 | +€15 | +0.3% |
| Other amounts payable | 47/48 | €159,440 | €141,213 | -€18,227 | -11.4% |
| Accrued charges and deferred income | 492/3 | - | €2,610 | +€2,610 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,398 | €10,138 | +€741 | +7.9% |
| Other operating charges | 640/8 | €4,468 | €4,647 | +€179 | +4.0% |
| Non-recurring operating charges | 66A | - | €391 | +€391 | |
| Gross operating margin | 9900 | -€15,878 | €73,785 | +€89,663 | |
| Operating profit (loss) | 9901 | -€29,743 | €58,609 | +€88,353 | |
| Financial income | 75/76B | €493 | €884 | +€390 | +79.1% |
| Recurring financial income | 75 | €493 | €884 | +€390 | +79.1% |
| Financial charges | 65/66B | €992 | €3,602 | +€2,611 | +263.3% |
| Recurring financial charges | 65 | €992 | €3,602 | +€2,611 | +263.3% |
| Profit (loss) for the period before taxes | 9903 | -€30,241 | €55,890 | +€86,132 | |
| Income taxes | 67/77 | €269 | €334 | +€66 | +24.5% |
| Profit (loss) for the period | 9904 | -€30,510 | €55,556 | +€86,066 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,510 | €55,556 | +€86,066 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.