Aderys: 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.
Aderys
Largest movements
- Receivables within one year +€25,000
up €25,000 (+3.4%), from €726,542 to €751,541
of which Other amounts receivable: +€91,200
- Cash +€14,190
up €14,190 (+110.6%), from €12,827 to €27,017
mainly Tax, wage and social debts (+€25,300) and Net result for the year (+€24,919)
- Reserves +€65,012
up €65,012 (+58.4%), from €111,263 to €176,275
of which Distributable reserves: +€65,012
- Other debts -€44,185
down €44,185 (-40.9%), from €107,904 to €63,719
- Profit (loss) carried forward -€40,094
down €40,094 (-100.0%), from €40,094 to €0
- Tax, wage and social debts +€25,300
up €25,300 (+108.6%), from €23,295 to €48,595
of which Taxes: +€16,339
- Trade debts +€24,358
up €24,358 (+6.7%), from €361,729 to €386,086
- Purchases and services -€137,214
down €137,214 (-16.7%), from €820,976 to €683,762
- Gross operating margin +€90,078
up €90,078 (+177.0%), from €50,897 to €140,975
- Staff costs +€71,876
up €71,876 (+610.6%), from €11,772 to €83,648
- Turnover -€62,298
down €62,298 (-7.2%), from €863,128 to €800,830
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 | €742,782 | €779,641 | +€36,859 | +5.0% |
| Fixed assets | 21/28 | €3,131 | €1,083 | -€2,048 | -65.4% |
| Tangible fixed assets | 22/27 | €3,006 | €958 | -€2,048 | -68.1% |
| Furniture and vehicles | 24 | €3,006 | €958 | -€2,048 | -68.1% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €739,651 | €778,558 | +€38,907 | +5.3% |
| Amounts receivable within one year | 40/41 | €726,542 | €751,541 | +€25,000 | +3.4% |
| Trade receivables | 40 | €587,002 | €520,802 | -€66,200 | -11.3% |
| Other amounts receivable | 41 | €139,539 | €230,739 | +€91,200 | +65.4% |
| Cash at bank and in hand | 54/58 | €12,827 | €27,017 | +€14,190 | +110.6% |
| Deferred charges and accrued income | 490/1 | €283 | €0 | -€283 | -100.0% |
| Total equity and liabilities | 10/49 | €742,782 | €779,641 | +€36,859 | +5.0% |
| Equity | 10/15 | €157,556 | €182,475 | +€24,919 | +15.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,263 | €176,275 | +€65,012 | +58.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €109,403 | €174,415 | +€65,012 | +59.4% |
| Profit (loss) carried forward | 14 | €40,094 | €0 | -€40,094 | -100.0% |
| Amounts payable | 17/49 | €585,226 | €597,166 | +€11,940 | +2.0% |
| Amounts payable within one year | 42/48 | €583,926 | €588,066 | +€4,140 | +0.7% |
| Financial debts | 43 | €90,999 | €89,666 | -€1,333 | -1.5% |
| Credit institutions | 430/8 | €90,999 | €89,666 | -€1,333 | -1.5% |
| Trade debts | 44 | €361,729 | €386,086 | +€24,358 | +6.7% |
| Suppliers | 440/4 | €361,729 | €386,086 | +€24,358 | +6.7% |
| Taxes, remuneration and social security | 45 | €23,295 | €48,595 | +€25,300 | +108.6% |
| Taxes | 450/3 | €17,103 | €33,442 | +€16,339 | +95.5% |
| Remuneration and social security | 454/9 | €6,192 | €15,152 | +€8,961 | +144.7% |
| Other amounts payable | 47/48 | €107,904 | €63,719 | -€44,185 | -40.9% |
| Accrued charges and deferred income | 492/3 | €1,300 | €9,100 | +€7,800 | +600.0% |
| Turnover | 70 | €863,128 | €800,830 | -€62,298 | -7.2% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €820,976 | €683,762 | -€137,214 | -16.7% |
| Remuneration, social security and pensions | 62 | €11,772 | €83,648 | +€71,876 | +610.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,048 | €2,048 | -€0 | 0.0% |
| Other operating charges | 640/8 | €646 | €1,311 | +€665 | +102.9% |
| Non-recurring operating charges | 66A | - | €4,182 | +€4,182 | |
| Gross operating margin | 9900 | €50,897 | €140,975 | +€90,078 | +177.0% |
| Operating profit (loss) | 9901 | €36,431 | €49,787 | +€13,355 | +36.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -16.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -16.7% |
| Financial charges | 65/66B | €7,491 | €9,637 | +€2,145 | +28.6% |
| Recurring financial charges | 65 | €7,491 | €9,637 | +€2,145 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €28,940 | €40,150 | +€11,210 | +38.7% |
| Income taxes | 67/77 | €10,609 | €15,231 | +€4,622 | +43.6% |
| Profit (loss) for the period | 9904 | €18,331 | €24,919 | +€6,588 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,331 | €24,919 | +€6,588 | +35.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.