ADEQUAAT CONSULT: 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.
ADEQUAAT CONSULT
Largest movements
- Cash +€30,050
up €30,050 (+18.8%), from €159,960 to €190,010
mainly Net result for the year (+€60,552) and Receivables after one year (+€12,417)
- Receivables within one year +€15,796
new in 2025: €15,796
of which Trade receivables: +€14,019
- Receivables after one year -€12,417
no longer reported in 2025 (was €12,417)
- Deferred charges and accrued income +€2,285
up €2,285 (+278%), from €822 to €3,107
- Profit (loss) carried forward +€45,434
up €45,434, from -€45,434 to €0
- Advances received -€15,314
down €15,314 (-93.8%), from €16,323 to €1,009
- Reserves +€15,118
up €15,118 (+25.5%), from €59,394 to €74,511
of which Distributable reserves: +€15,118
- Accrued charges and deferred income -€9,065
down €9,065 (-100%), from €9,065 to €0
- Tax, wage and social debts -€5,509
down €5,509 (-48.1%), from €11,462 to €5,953
- Gross operating margin +€50,119
up €50,119 (+144%), from €34,756 to €84,876
- Taxes +€13,204
up €13,204 (+129%), from €10,265 to €23,470
- Other operating charges -€974
down €974 (-54.5%), from €1,788 to €813
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.
Derived cash bridge
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 | €176,184 | €211,201 | +€35,018 | +19.9% |
| Fixed assets | 21/28 | €2,985 | €2,290 | -€695 | -23.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,985 | €2,290 | -€695 | -23.3% |
| Plant, machinery and equipment | 23 | €71 | €0 | -€71 | -100% |
| Furniture and vehicles | 24 | €2,914 | €2,290 | -€624 | -21.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €173,199 | €208,912 | +€35,713 | +20.6% |
| Amounts receivable after more than one year | 29 | €12,417 | - | -€12,417 | |
| Trade receivables | 290 | €12,417 | - | -€12,417 | |
| Amounts receivable within one year | 40/41 | - | €15,796 | +€15,796 | |
| Trade receivables | 40 | - | €14,019 | +€14,019 | |
| Other amounts receivable | 41 | - | €1,776 | +€1,776 | |
| Cash at bank and in hand | 54/58 | €159,960 | €190,010 | +€30,050 | +18.8% |
| Deferred charges and accrued income | 490/1 | €822 | €3,107 | +€2,285 | +278% |
| Total equity and liabilities | 10/49 | €176,184 | €211,201 | +€35,018 | +19.9% |
| Equity | 10/15 | €107,168 | €167,719 | +€60,552 | +56.5% |
| Contributions | 10/11 | €93,208 | €93,208 | = | 0.0% |
| Reserves | 13 | €59,394 | €74,511 | +€15,118 | +25.5% |
| Tax-exempt reserves | 132 | €37,124 | €37,124 | = | 0.0% |
| Distributable reserves | 133 | €22,270 | €37,387 | +€15,118 | +67.9% |
| Profit (loss) carried forward | 14 | -€45,434 | €0 | +€45,434 | |
| Provisions and deferred taxes | 16 | €31,000 | €31,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €31,000 | €31,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €31,000 | €31,000 | = | 0.0% |
| Amounts payable | 17/49 | €38,016 | €12,482 | -€25,534 | -67.2% |
| Amounts payable within one year | 42/48 | €28,952 | €12,482 | -€16,470 | -56.9% |
| Trade debts | 44 | €1,166 | €174 | -€993 | -85.1% |
| Suppliers | 440/4 | €1,166 | €174 | -€993 | -85.1% |
| Advances received on contracts in progress | 46 | €16,323 | €1,009 | -€15,314 | -93.8% |
| Taxes, remuneration and social security | 45 | €11,462 | €5,953 | -€5,509 | -48.1% |
| Taxes | 450/3 | €11,462 | €5,953 | -€5,509 | -48.1% |
| Other amounts payable | 47/48 | - | €5,346 | +€5,346 | |
| Accrued charges and deferred income | 492/3 | €9,065 | €0 | -€9,065 | -100% |
| Non-recurring operating income | 76A | - | €1,050 | +€1,050 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €514 | €695 | +€181 | +35.2% |
| Other operating charges | 640/8 | €1,788 | €813 | -€974 | -54.5% |
| Gross operating margin | 9900 | €34,756 | €84,876 | +€50,119 | +144% |
| Operating profit (loss) | 9901 | €32,454 | €83,367 | +€50,913 | +157% |
| Financial income | 75/76B | €310 | €732 | +€422 | +136% |
| Recurring financial income | 75 | €310 | €732 | +€422 | +136% |
| Financial charges | 65/66B | €230 | €77 | -€152 | -66.3% |
| Recurring financial charges | 65 | €230 | €77 | -€152 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €32,535 | €84,021 | +€51,487 | +158% |
| Income taxes | 67/77 | €10,265 | €23,470 | +€13,204 | +129% |
| Profit (loss) for the period | 9904 | €22,270 | €60,552 | +€38,282 | +172% |
| Profit (loss) for the period to be appropriated | 9905 | €22,270 | €60,552 | +€38,282 | +172% |
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 22 October 2026 via checked.be.