ADEQUA DESIGN: 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.
ADEQUA DESIGN
Largest movements
- Receivables within one year +€157,339
up €157,339 (+413.9%), from €38,014 to €195,353
of which Other amounts receivable: +€147,127
- Cash -€88,921
down €88,921 (-80.1%), from €111,061 to €22,140
mainly Receivables within one year (-€157,339) and Investment in fixed assets (net) (-€39,114)
- Tangible fixed assets +€21,314
up €21,314 (+48.0%), from €44,430 to €65,744
of which Furniture and vehicles: +€16,597
- Reserves +€44,955
up €44,955 (+58.0%), from €77,527 to €122,482
- Profit (loss) carried forward +€22,554
up €22,554 (+50.2%), from €44,954 to €67,508
- Debts after one year +€13,120
up €13,120 (+51.3%), from €25,597 to €38,717
- Current portion of long-term debt +€6,716
up €6,716 (+60.4%), from €11,112 to €17,828
- Tax, wage and social debts -€6,186
down €6,186 (-21.2%), from €29,229 to €23,043
of which Remuneration and social security: -€3,562
- Gross operating margin +€64,325
up €64,325 (+74.7%), from €86,109 to €150,434
- Staff costs +€30,043
up €30,043 (+653.0%), from €4,601 to €34,644
- Taxes +€12,067
up €12,067 (+78.6%), from €15,353 to €27,420
- Depreciation +€2,193
up €2,193 (+14.1%), from €15,607 to €17,800
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 | €199,163 | €288,351 | +€89,188 | +44.8% |
| Fixed assets | 21/28 | €44,430 | €65,744 | +€21,314 | +48.0% |
| Tangible fixed assets | 22/27 | €44,430 | €65,744 | +€21,314 | +48.0% |
| Plant, machinery and equipment | 23 | €1,141 | €5,858 | +€4,717 | +413.4% |
| Furniture and vehicles | 24 | €43,289 | €59,886 | +€16,597 | +38.3% |
| Current assets | 29/58 | €154,733 | €222,607 | +€67,874 | +43.9% |
| Amounts receivable within one year | 40/41 | €38,014 | €195,353 | +€157,339 | +413.9% |
| Trade receivables | 40 | €37,349 | €47,561 | +€10,212 | +27.3% |
| Other amounts receivable | 41 | €665 | €147,792 | +€147,127 | +22124.4% |
| Cash at bank and in hand | 54/58 | €111,061 | €22,140 | -€88,921 | -80.1% |
| Deferred charges and accrued income | 490/1 | €5,658 | €5,114 | -€544 | -9.6% |
| Total equity and liabilities | 10/49 | €199,163 | €288,351 | +€89,188 | +44.8% |
| Equity | 10/15 | €127,481 | €194,990 | +€67,509 | +53.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €77,527 | €122,482 | +€44,955 | +58.0% |
| Distributable reserves | 133 | €77,527 | €122,482 | +€44,955 | +58.0% |
| Profit (loss) carried forward | 14 | €44,954 | €67,508 | +€22,554 | +50.2% |
| Amounts payable | 17/49 | €71,682 | €93,361 | +€21,679 | +30.2% |
| Amounts payable after more than one year | 17 | €25,597 | €38,717 | +€13,120 | +51.3% |
| Financial debts | 170/4 | €25,597 | €38,717 | +€13,120 | +51.3% |
| Amounts payable within one year | 42/48 | €45,085 | €49,644 | +€4,559 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €11,112 | €17,828 | +€6,716 | +60.4% |
| Trade debts | 44 | - | €5,575 | +€5,575 | |
| Suppliers | 440/4 | - | €5,575 | +€5,575 | |
| Taxes, remuneration and social security | 45 | €29,229 | €23,043 | -€6,186 | -21.2% |
| Taxes | 450/3 | €23,069 | €20,445 | -€2,624 | -11.4% |
| Remuneration and social security | 454/9 | €6,160 | €2,598 | -€3,562 | -57.8% |
| Other amounts payable | 47/48 | €4,744 | €3,198 | -€1,546 | -32.6% |
| Accrued charges and deferred income | 492/3 | €1,000 | €5,000 | +€4,000 | +400.0% |
| Remuneration, social security and pensions | 62 | €4,601 | €34,644 | +€30,043 | +653.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,607 | €17,800 | +€2,193 | +14.1% |
| Other operating charges | 640/8 | €1,613 | €1,118 | -€495 | -30.7% |
| Gross operating margin | 9900 | €86,109 | €150,434 | +€64,325 | +74.7% |
| Operating profit (loss) | 9901 | €64,288 | €96,872 | +€32,584 | +50.7% |
| Financial income | 75/76B | €24 | €108 | +€84 | +350.0% |
| Recurring financial income | 75 | €24 | €108 | +€84 | +350.0% |
| Financial charges | 65/66B | €2,405 | €2,052 | -€353 | -14.7% |
| Recurring financial charges | 65 | €2,405 | €2,052 | -€353 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €61,907 | €94,928 | +€33,021 | +53.3% |
| Income taxes | 67/77 | €15,353 | €27,420 | +€12,067 | +78.6% |
| Profit (loss) for the period | 9904 | €46,554 | €67,508 | +€20,954 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,554 | €67,508 | +€20,954 | +45.0% |
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 5 October 2026 via checked.be.