ADELUCIA: 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.
ADELUCIA
Largest movements
- Receivables within one year +€41,052
up €41,052 (+105.8%), from €38,800 to €79,852
of which Trade receivables: +€50,116
- Cash +€35,927
up €35,927 (+29.5%), from €121,650 to €157,577
mainly Net result for the year (+€101,143) and Other debts (+€65,694)
- Other debts +€65,694
up €65,694 (+21705.7%), from €303 to €65,997
- Tax, wage and social debts +€15,495
up €15,495 (+66.4%), from €23,333 to €38,828
of which Taxes: +€15,495
- Debts after one year -€6,734
down €6,734 (-33.7%), from €19,967 to €13,233
- Gross operating margin +€77,235
up €77,235 (+114.9%), from €67,206 to €144,441
- Taxes +€12,398
up €12,398 (+69.3%), from €17,889 to €30,288
- Staff costs +€3,264
new in 2025: €3,264
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 | €194,647 | €271,473 | +€76,825 | +39.5% |
| Fixed assets | 21/28 | €32,210 | €31,516 | -€694 | -2.2% |
| Tangible fixed assets | 22/27 | €32,210 | €31,516 | -€694 | -2.2% |
| Land and buildings | 22 | €25,878 | €22,589 | -€3,289 | -12.7% |
| Furniture and vehicles | 24 | €6,332 | €8,927 | +€2,595 | +41.0% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €162,438 | €239,957 | +€77,519 | +47.7% |
| Amounts receivable within one year | 40/41 | €38,800 | €79,852 | +€41,052 | +105.8% |
| Trade receivables | 40 | €21,799 | €71,915 | +€50,116 | +229.9% |
| Other amounts receivable | 41 | €17,001 | €7,937 | -€9,064 | -53.3% |
| Cash at bank and in hand | 54/58 | €121,650 | €157,577 | +€35,927 | +29.5% |
| Deferred charges and accrued income | 490/1 | €1,988 | €2,528 | +€540 | +27.2% |
| Total equity and liabilities | 10/49 | €194,647 | €271,473 | +€76,825 | +39.5% |
| Equity | 10/15 | €143,258 | €143,258 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €143,158 | €143,158 | = | 0.0% |
| Distributable reserves | 133 | €143,158 | €143,158 | = | 0.0% |
| Amounts payable | 17/49 | €51,390 | €128,215 | +€76,825 | +149.5% |
| Amounts payable after more than one year | 17 | €19,967 | €13,233 | -€6,734 | -33.7% |
| Financial debts | 170/4 | €19,967 | €13,233 | -€6,734 | -33.7% |
| Amounts payable within one year | 42/48 | €31,423 | €114,982 | +€83,559 | +265.9% |
| Current portion of amounts payable after more than one year | 42 | €6,500 | €6,734 | +€234 | +3.6% |
| Trade debts | 44 | €1,287 | €3,423 | +€2,136 | +166.0% |
| Suppliers | 440/4 | €1,287 | €3,423 | +€2,136 | +166.0% |
| Taxes, remuneration and social security | 45 | €23,333 | €38,828 | +€15,495 | +66.4% |
| Taxes | 450/3 | €23,333 | €38,828 | +€15,495 | +66.4% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €303 | €65,997 | +€65,694 | +21705.7% |
| Remuneration, social security and pensions | 62 | - | €3,264 | +€3,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,156 | €5,564 | +€408 | +7.9% |
| Other operating charges | 640/8 | €1,246 | €1,698 | +€453 | +36.3% |
| Gross operating margin | 9900 | €67,206 | €144,441 | +€77,235 | +114.9% |
| Operating profit (loss) | 9901 | €60,805 | €133,915 | +€73,111 | +120.2% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €2,390 | €2,490 | +€100 | +4.2% |
| Recurring financial charges | 65 | €2,390 | €2,490 | +€100 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €58,415 | €131,431 | +€73,016 | +125.0% |
| Income taxes | 67/77 | €17,889 | €30,288 | +€12,398 | +69.3% |
| Profit (loss) for the period | 9904 | €40,525 | €101,143 | +€60,618 | +149.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,525 | €101,143 | +€60,618 | +149.6% |
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.