ADERIS LETTRAGE & IMPRESSION: 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.
ADERIS LETTRAGE & IMPRESSION
Largest movements
- Tangible fixed assets +€158,624
up €158,624 (+92.6%), from €171,339 to €329,962
of which Furniture and vehicles: +€164,204
- Cash +€153,632
up €153,632 (+219%), from €70,088 to €223,719
mainly Net result for the year (+€165,822) and Accrued charges and deferred income (+€134,534)
- Receivables within one year +€65,245
up €65,245 (+49.1%), from €133,017 to €198,262
of which Trade receivables: +€79,400
- Deferred charges and accrued income +€8,179
up €8,179 (+32.5%), from €25,177 to €33,357
- Accrued charges and deferred income +€134,534
up €134,534 (+76,855%), from €175 to €134,709
- Debts after one year +€91,986
up €91,986 (+127%), from €72,501 to €164,487
- Other debts +€67,281
up €67,281 (+110%), from €61,172 to €128,453
- Current portion of long-term debt +€33,672
up €33,672 (+113%), from €29,727 to €63,398
- Tax, wage and social debts +€24,232
up €24,232 (+50.7%), from €47,774 to €72,006
of which Taxes: +€21,233
- Gross operating margin +€139,317
up €139,317 (+29.3%), from €474,750 to €614,066
- Staff costs +€26,490
up €26,490 (+9.1%), from €289,588 to €316,078
- Taxes +€23,980
up €23,980 (+72.6%), from €33,021 to €57,001
- Depreciation +€19,917
up €19,917 (+45.4%), from €43,879 to €63,796
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 | €427,181 | €815,561 | +€388,380 | +90.9% |
| Fixed assets | 21/28 | €171,339 | €329,962 | +€158,624 | +92.6% |
| Tangible fixed assets | 22/27 | €171,339 | €329,962 | +€158,624 | +92.6% |
| Plant, machinery and equipment | 23 | €48,654 | €42,946 | -€5,708 | -11.7% |
| Furniture and vehicles | 24 | €57,878 | €222,081 | +€164,204 | +284% |
| Other tangible fixed assets | 26 | €64,807 | €64,935 | +€128 | +0.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €255,843 | €485,599 | +€229,756 | +89.8% |
| Stocks and contracts in progress | 3 | €27,561 | €30,261 | +€2,700 | +9.8% |
| Stocks | 30/36 | €27,561 | €30,261 | +€2,700 | +9.8% |
| Amounts receivable within one year | 40/41 | €133,017 | €198,262 | +€65,245 | +49.1% |
| Trade receivables | 40 | €110,863 | €190,262 | +€79,400 | +71.6% |
| Other amounts receivable | 41 | €22,154 | €7,999 | -€14,154 | -63.9% |
| Cash at bank and in hand | 54/58 | €70,088 | €223,719 | +€153,632 | +219% |
| Deferred charges and accrued income | 490/1 | €25,177 | €33,357 | +€8,179 | +32.5% |
| Total equity and liabilities | 10/49 | €427,181 | €815,561 | +€388,380 | +90.9% |
| Equity | 10/15 | €145,623 | €156,556 | +€10,933 | +7.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €126,069 | €137,211 | +€11,142 | +8.8% |
| Distributable reserves | 133 | €126,069 | €137,211 | +€11,142 | +8.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €961 | €753 | -€209 | -21.7% |
| Amounts payable | 17/49 | €281,559 | €659,005 | +€377,447 | +134% |
| Amounts payable after more than one year | 17 | €72,501 | €164,487 | +€91,986 | +127% |
| Financial debts | 170/4 | €72,501 | €164,487 | +€91,986 | +127% |
| Amounts payable within one year | 42/48 | €208,882 | €359,809 | +€150,927 | +72.3% |
| Current portion of amounts payable after more than one year | 42 | €29,727 | €63,398 | +€33,672 | +113% |
| Financial debts | 43 | €3,388 | €10,122 | +€6,734 | +199% |
| Credit institutions | 430/8 | €3,388 | €10,122 | +€6,734 | +199% |
| Trade debts | 44 | €66,822 | €85,829 | +€19,008 | +28.4% |
| Suppliers | 440/4 | €66,822 | €85,829 | +€19,008 | +28.4% |
| Taxes, remuneration and social security | 45 | €47,774 | €72,006 | +€24,232 | +50.7% |
| Taxes | 450/3 | €4,237 | €25,469 | +€21,233 | +501% |
| Remuneration and social security | 454/9 | €43,538 | €46,537 | +€2,999 | +6.9% |
| Other amounts payable | 47/48 | €61,172 | €128,453 | +€67,281 | +110% |
| Accrued charges and deferred income | 492/3 | €175 | €134,709 | +€134,534 | +76,855% |
| Non-recurring operating income | 76A | - | €12,631 | +€12,631 | |
| Remuneration, social security and pensions | 62 | €289,588 | €316,078 | +€26,490 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,879 | €63,796 | +€19,917 | +45.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,368 | €0 | -€2,368 | -100% |
| Other operating charges | 640/8 | €4,137 | €4,262 | +€126 | +3.0% |
| Gross operating margin | 9900 | €474,750 | €614,066 | +€139,317 | +29.3% |
| Operating profit (loss) | 9901 | €134,778 | €229,930 | +€95,152 | +70.6% |
| Financial income | 75/76B | €334 | €1,194 | +€861 | +258% |
| Recurring financial income | 75 | €334 | €1,194 | +€861 | +258% |
| Financial charges | 65/66B | €6,761 | €8,302 | +€1,541 | +22.8% |
| Recurring financial charges | 65 | €6,761 | €8,302 | +€1,541 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €128,350 | €222,822 | +€94,472 | +73.6% |
| Income taxes | 67/77 | €33,021 | €57,001 | +€23,980 | +72.6% |
| Profit (loss) for the period | 9904 | €95,329 | €165,822 | +€70,492 | +73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €95,329 | €165,822 | +€70,492 | +73.9% |
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.