Aderfi: 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.
Aderfi
Largest movements
- Intangible fixed assets -€22,930
down €22,930 (-37.0%), from €61,991 to €39,061
- Receivables within one year -€1,823
down €1,823 (-77.3%), from €2,358 to €535
of which Trade receivables: -€2,200
- Deferred charges and accrued income -€1,239
down €1,239 (-85.2%), from €1,455 to €216
- Profit (loss) carried forward -€26,018
down €26,018 (-49.4%), from -€52,640 to -€78,658
- Trade debts -€5,882
no longer reported in 2025 (was €5,882)
- Other debts +€5,500
up €5,500 (+5.1%), from €108,071 to €113,571
- Depreciation +€1,660
up €1,660 (+7.6%), from €21,940 to €23,600
- Gross operating margin +€817
up €817 (+31.5%), from -€2,591 to -€1,774
- Financial charges -€73
no longer reported in 2025 (was €73)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,313 | €39,913 | -€26,400 | -39.8% |
| Formation expenses | 20 | €509 | €101 | -€408 | -80.2% |
| Fixed assets | 21/28 | €61,991 | €39,061 | -€22,930 | -37.0% |
| Intangible fixed assets | 21 | €61,991 | €39,061 | -€22,930 | -37.0% |
| Current assets | 29/58 | €3,813 | €751 | -€3,062 | -80.3% |
| Amounts receivable within one year | 40/41 | €2,358 | €535 | -€1,823 | -77.3% |
| Trade receivables | 40 | €2,200 | - | -€2,200 | |
| Other amounts receivable | 41 | €159 | €535 | +€377 | +237.2% |
| Deferred charges and accrued income | 490/1 | €1,455 | €216 | -€1,239 | -85.2% |
| Total equity and liabilities | 10/49 | €66,313 | €39,913 | -€26,400 | -39.8% |
| Equity | 10/15 | -€47,640 | -€73,658 | -€26,018 | -54.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,640 | -€78,658 | -€26,018 | -49.4% |
| Amounts payable | 17/49 | €113,953 | €113,571 | -€382 | -0.3% |
| Amounts payable within one year | 42/48 | €113,953 | €113,571 | -€382 | -0.3% |
| Trade debts | 44 | €5,882 | - | -€5,882 | |
| Suppliers | 440/4 | €5,882 | - | -€5,882 | |
| Other amounts payable | 47/48 | €108,071 | €113,571 | +€5,500 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,940 | €23,600 | +€1,660 | +7.6% |
| Other operating charges | 640/8 | €628 | €644 | +€16 | +2.5% |
| Gross operating margin | 9900 | -€2,591 | -€1,774 | +€817 | +31.5% |
| Operating profit (loss) | 9901 | -€25,159 | -€26,018 | -€859 | -3.4% |
| Financial charges | 65/66B | €73 | - | -€73 | |
| Recurring financial charges | 65 | €73 | - | -€73 | |
| Profit (loss) for the period before taxes | 9903 | -€25,231 | -€26,018 | -€787 | -3.1% |
| Profit (loss) for the period | 9904 | -€25,231 | -€26,018 | -€787 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,231 | -€26,018 | -€787 | -3.1% |
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 10 October 2026 via checked.be.