ADEQUATE: 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.
ADEQUATE
Largest movements
- Receivables within one year +€1,267
up €1,267 (+4.8%), from €26,352 to €27,618
of which Trade receivables: +€2,267
- Cash +€921
up €921 (+28.1%), from €3,277 to €4,198
mainly Net result for the year (+€1,455) and Trade debts (+€747)
- Profit (loss) carried forward +€1,455
up €1,455 (+7.2%), from €20,282 to €21,737
- Trade debts +€747
up €747 (+62.8%), from €1,189 to €1,936
- Gross operating margin -€989
down €989 (-27.1%), from €3,652 to €2,663
- Other operating charges +€341
up €341 (+46.3%), from €736 to €1,077
- Taxes +€45
new in 2025: €45
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 | €29,770 | €31,958 | +€2,188 | +7.3% |
| Current assets | 29/58 | €29,770 | €31,958 | +€2,188 | +7.3% |
| Stocks and contracts in progress | 3 | €1 | €1 | = | 0.0% |
| Stocks | 30/36 | €1 | €1 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,352 | €27,618 | +€1,267 | +4.8% |
| Trade receivables | 40 | €9,145 | €11,412 | +€2,267 | +24.8% |
| Other amounts receivable | 41 | €17,206 | €16,206 | -€1,000 | -5.8% |
| Cash at bank and in hand | 54/58 | €3,277 | €4,198 | +€921 | +28.1% |
| Deferred charges and accrued income | 490/1 | €142 | €142 | = | 0.0% |
| Total equity and liabilities | 10/49 | €29,770 | €31,958 | +€2,188 | +7.3% |
| Equity | 10/15 | €28,342 | €29,797 | +€1,455 | +5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,282 | €21,737 | +€1,455 | +7.2% |
| Amounts payable | 17/49 | €1,428 | €2,162 | +€733 | +51.3% |
| Amounts payable within one year | 42/48 | €1,428 | €2,162 | +€733 | +51.3% |
| Financial debts | 43 | - | €0 | +€0 | |
| Credit institutions | 430/8 | - | €0 | +€0 | |
| Trade debts | 44 | €1,189 | €1,936 | +€747 | +62.8% |
| Suppliers | 440/4 | €1,189 | €1,936 | +€747 | +62.8% |
| Taxes, remuneration and social security | 45 | €240 | €226 | -€14 | -5.8% |
| Taxes | 450/3 | €240 | €226 | -€14 | -5.8% |
| Other operating charges | 640/8 | €736 | €1,077 | +€341 | +46.3% |
| Gross operating margin | 9900 | €3,652 | €2,663 | -€989 | -27.1% |
| Operating profit (loss) | 9901 | €2,917 | €1,587 | -€1,330 | -45.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €89 | €87 | -€1 | -1.2% |
| Recurring financial charges | 65 | €89 | €87 | -€1 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €2,828 | €1,499 | -€1,329 | -47.0% |
| Income taxes | 67/77 | - | €45 | +€45 | |
| Profit (loss) for the period | 9904 | €2,828 | €1,455 | -€1,373 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,828 | €1,455 | -€1,373 | -48.6% |
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 11 October 2026 via checked.be.