Aderfia: 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.
Aderfia
Largest movements
- Cash -€31,847
down €31,847 (-41.8%), from €76,134 to €44,288
mainly Contributions, distributions and other (-€60,800) and Other debts (-€14,462)
- Receivables within one year +€3,850
up €3,850 (+11.9%), from €32,274 to €36,123
of which Trade receivables: +€3,130
- Tangible fixed assets -€2,978
down €2,978 (-87.5%), from €3,402 to €424
of which Furniture and vehicles: -€2,786
- Reserves -€20,900
down €20,900 (-18.9%), from €110,490 to €89,590
- Other debts -€14,462
down €14,462 (-63.6%), from €22,728 to €8,266
- Tax, wage and social debts +€4,468
up €4,468 (+31.3%), from €14,266 to €18,734
- Gross operating margin +€13,641
up €13,641 (+29.7%), from €45,926 to €59,568
- Taxes +€3,643
up €3,643 (+29.5%), from €12,365 to €16,008
- Depreciation -€2,336
down €2,336 (-44.0%), from €5,314 to €2,978
- Financial income -€1,141
no longer reported in 2025 (was €1,141)
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 | €192,784 | €162,430 | -€30,354 | -15.7% |
| Fixed assets | 21/28 | €80,402 | €77,424 | -€2,978 | -3.7% |
| Tangible fixed assets | 22/27 | €3,402 | €424 | -€2,978 | -87.5% |
| Plant, machinery and equipment | 23 | €192 | - | -€192 | |
| Furniture and vehicles | 24 | €3,210 | €424 | -€2,786 | -86.8% |
| Financial fixed assets | 28 | €77,000 | €77,000 | = | 0.0% |
| Current assets | 29/58 | €112,382 | €85,006 | -€27,376 | -24.4% |
| Amounts receivable within one year | 40/41 | €32,274 | €36,123 | +€3,850 | +11.9% |
| Trade receivables | 40 | €27,358 | €30,488 | +€3,130 | +11.4% |
| Other amounts receivable | 41 | €4,916 | €5,635 | +€719 | +14.6% |
| Cash at bank and in hand | 54/58 | €76,134 | €44,288 | -€31,847 | -41.8% |
| Deferred charges and accrued income | 490/1 | €3,974 | €4,595 | +€621 | +15.6% |
| Total equity and liabilities | 10/49 | €192,784 | €162,430 | -€30,354 | -15.7% |
| Equity | 10/15 | €154,532 | €133,704 | -€20,828 | -13.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €110,490 | €89,590 | -€20,900 | -18.9% |
| Distributable reserves | 133 | €110,490 | €89,590 | -€20,900 | -18.9% |
| Profit (loss) carried forward | 14 | €44,041 | €44,113 | +€72 | +0.2% |
| Amounts payable | 17/49 | €38,252 | €28,726 | -€9,526 | -24.9% |
| Amounts payable within one year | 42/48 | €38,252 | €28,726 | -€9,526 | -24.9% |
| Trade debts | 44 | €1,259 | €1,726 | +€468 | +37.2% |
| Suppliers | 440/4 | €1,259 | €1,726 | +€468 | +37.2% |
| Taxes, remuneration and social security | 45 | €14,266 | €18,734 | +€4,468 | +31.3% |
| Taxes | 450/3 | €14,266 | €18,734 | +€4,468 | +31.3% |
| Other amounts payable | 47/48 | €22,728 | €8,266 | -€14,462 | -63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,314 | €2,978 | -€2,336 | -44.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €45,926 | €59,568 | +€13,641 | +29.7% |
| Operating profit (loss) | 9901 | €40,225 | €56,190 | +€15,965 | +39.7% |
| Financial income | 75/76B | €1,141 | - | -€1,141 | |
| Recurring financial income | 75 | €1,141 | - | -€1,141 | |
| Financial charges | 65/66B | €265 | €210 | -€55 | -20.7% |
| Recurring financial charges | 65 | €265 | €210 | -€55 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €41,101 | €55,980 | +€14,880 | +36.2% |
| Income taxes | 67/77 | €12,365 | €16,008 | +€3,643 | +29.5% |
| Profit (loss) for the period | 9904 | €28,736 | €39,972 | +€11,236 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,736 | €39,972 | +€11,236 | +39.1% |
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 11 October 2026 via checked.be.