ADELYS: 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.
ADELYS
Largest movements
- Receivables within one year -€26,804
down €26,804 (-67.8%), from €39,542 to €12,739
of which Other amounts receivable: -€14,972
- Tangible fixed assets -€5,295
down €5,295 (-47.8%), from €11,084 to €5,789
- Cash +€2,648
up €2,648 (+75.4%), from €3,512 to €6,159
mainly Receivables within one year (+€26,804) and Depreciation (+€8,618)
- Intangible fixed assets -€1,528
down €1,528 (-17.5%), from €8,750 to €7,222
- Other debts -€19,650
down €19,650 (-98.3%), from €20,000 to €350
- Tax, wage and social debts -€5,411
down €5,411 (-31.6%), from €17,121 to €11,710
of which Remuneration and social security: -€6,606
- Profit (loss) carried forward -€4,727
down €4,727, from €2,769 to -€1,958
- Current portion of long-term debt -€642
no longer reported in 2025 (was €642)
- Gross operating margin -€56,660
down €56,660 (-60.4%), from €93,879 to €37,219
- Staff costs -€43,674
down €43,674 (-57.8%), from €75,622 to €31,947
- Other operating charges -€2,011
down €2,011 (-68.0%), from €2,958 to €947
- Financial income +€1,675
up €1,675 (+4055.9%), from €41 to €1,717
- Taxes -€1,507
down €1,507 (-43.8%), from €3,438 to €1,931
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 | €63,251 | €32,271 | -€30,980 | -49.0% |
| Fixed assets | 21/28 | €20,197 | €13,373 | -€6,824 | -33.8% |
| Intangible fixed assets | 21 | €8,750 | €7,222 | -€1,528 | -17.5% |
| Tangible fixed assets | 22/27 | €11,084 | €5,789 | -€5,295 | -47.8% |
| Furniture and vehicles | 24 | €11,084 | €5,789 | -€5,295 | -47.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €43,054 | €18,898 | -€24,156 | -56.1% |
| Amounts receivable within one year | 40/41 | €39,542 | €12,739 | -€26,804 | -67.8% |
| Trade receivables | 40 | €15,381 | €3,549 | -€11,831 | -76.9% |
| Other amounts receivable | 41 | €24,162 | €9,189 | -€14,972 | -62.0% |
| Cash at bank and in hand | 54/58 | €3,512 | €6,159 | +€2,648 | +75.4% |
| Total equity and liabilities | 10/49 | €63,251 | €32,271 | -€30,980 | -49.0% |
| Equity | 10/15 | €21,369 | €16,642 | -€4,727 | -22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,769 | -€1,958 | -€4,727 | |
| Amounts payable | 17/49 | €41,882 | €15,629 | -€26,252 | -62.7% |
| Amounts payable within one year | 42/48 | €41,882 | €15,629 | -€26,252 | -62.7% |
| Current portion of amounts payable after more than one year | 42 | €642 | - | -€642 | |
| Trade debts | 44 | €4,118 | €3,569 | -€549 | -13.3% |
| Suppliers | 440/4 | €4,118 | €3,569 | -€549 | -13.3% |
| Taxes, remuneration and social security | 45 | €17,121 | €11,710 | -€5,411 | -31.6% |
| Taxes | 450/3 | €813 | €2,008 | +€1,195 | +147.0% |
| Remuneration and social security | 454/9 | €16,308 | €9,702 | -€6,606 | -40.5% |
| Other amounts payable | 47/48 | €20,000 | €350 | -€19,650 | -98.3% |
| Remuneration, social security and pensions | 62 | €75,622 | €31,947 | -€43,674 | -57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,611 | €8,618 | -€993 | -10.3% |
| Other operating charges | 640/8 | €2,958 | €947 | -€2,011 | -68.0% |
| Gross operating margin | 9900 | €93,879 | €37,219 | -€56,660 | -60.4% |
| Operating profit (loss) | 9901 | €5,688 | -€4,293 | -€9,981 | |
| Financial income | 75/76B | €41 | €1,717 | +€1,675 | +4055.9% |
| Recurring financial income | 75 | €41 | €1,717 | +€1,675 | +4055.9% |
| Financial charges | 65/66B | €355 | €220 | -€135 | -38.0% |
| Recurring financial charges | 65 | €355 | €220 | -€135 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €5,374 | -€2,796 | -€8,170 | |
| Income taxes | 67/77 | €3,438 | €1,931 | -€1,507 | -43.8% |
| Profit (loss) for the period | 9904 | €1,936 | -€4,727 | -€6,663 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,936 | -€4,727 | -€6,663 |
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 9 October 2026 via checked.be.