ADERYS BW: what changed
Two fiscal 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 BW
Largest movements
- Receivables within one year -€124,360
down €124,360 (-34.6%), from €359,681 to €235,321
of which Trade receivables: -€95,439
- Tangible fixed assets +€93,325
up €93,325 (+33866.3%), from €276 to €93,601
of which Other tangible fixed assets: +€56,662
- Cash -€12,522
down €12,522 (-51.8%), from €24,181 to €11,658
mainly Trade debts (-€245,001) and Investment in fixed assets (net) (-€96,796)
- Trade debts -€245,001
down €245,001 (-58.9%), from €415,838 to €170,837
- Debts after one year +€146,313
up €146,313, from €0 to €146,313
- Other debts +€77,920
up €77,920 (+914.2%), from €8,524 to €86,443
- Tax, wage and social debts -€26,613
down €26,613 (-87.3%), from €30,475 to €3,862
of which Remuneration and social security: -€16,662
- Short-term financial debts -€12,554
down €12,554 (-85.0%), from €14,776 to €2,222
of which Other loans: -€12,557
- Gross operating margin -€29,035
down €29,035 (-30.6%), from €94,900 to €65,864
- Write-downs +€28,685
new in 2025: €28,685
- Staff costs -€23,996
down €23,996 (-54.9%), from €43,689 to €19,693
- Taxes -€10,621
down €10,621 (-84.5%), from €12,576 to €1,955
- Financial charges +€3,790
up €3,790 (+167.1%), from €2,268 to €6,058
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 | €809,728 | €765,705 | -€44,023 | -5.4% |
| Fixed assets | 21/28 | €425,401 | €518,726 | +€93,325 | +21.9% |
| Tangible fixed assets | 22/27 | €276 | €93,601 | +€93,325 | +33866.3% |
| Furniture and vehicles | 24 | €276 | €36,938 | +€36,663 | +13304.4% |
| Other tangible fixed assets | 26 | - | €56,662 | +€56,662 | |
| Financial fixed assets | 28 | €425,125 | €425,125 | = | 0.0% |
| Current assets | 29/58 | €384,328 | €246,979 | -€137,348 | -35.7% |
| Amounts receivable within one year | 40/41 | €359,681 | €235,321 | -€124,360 | -34.6% |
| Trade receivables | 40 | €282,633 | €187,194 | -€95,439 | -33.8% |
| Other amounts receivable | 41 | €77,048 | €48,127 | -€28,921 | -37.5% |
| Cash at bank and in hand | 54/58 | €24,181 | €11,658 | -€12,522 | -51.8% |
| Deferred charges and accrued income | 490/1 | €466 | - | -€466 | |
| Total equity and liabilities | 10/49 | €809,728 | €765,705 | -€44,023 | -5.4% |
| Equity | 10/15 | €315,085 | €318,701 | +€3,616 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €296,485 | €300,101 | +€3,616 | +1.2% |
| 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 | €294,625 | €298,241 | +€3,616 | +1.2% |
| Amounts payable | 17/49 | €494,644 | €447,005 | -€47,639 | -9.6% |
| Amounts payable after more than one year | 17 | €0 | €146,313 | +€146,313 | |
| Financial debts | 170/4 | €0 | €146,313 | +€146,313 | |
| Amounts payable within one year | 42/48 | €494,644 | €300,691 | -€193,952 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €25,031 | €37,327 | +€12,296 | +49.1% |
| Financial debts | 43 | €14,776 | €2,222 | -€12,554 | -85.0% |
| Credit institutions | 430/8 | €2,219 | €2,222 | +€2 | +0.1% |
| Other loans | 439 | €12,557 | - | -€12,557 | |
| Trade debts | 44 | €415,838 | €170,837 | -€245,001 | -58.9% |
| Suppliers | 440/4 | €415,838 | €170,837 | -€245,001 | -58.9% |
| Taxes, remuneration and social security | 45 | €30,475 | €3,862 | -€26,613 | -87.3% |
| Taxes | 450/3 | €12,451 | €2,500 | -€9,951 | -79.9% |
| Remuneration and social security | 454/9 | €18,024 | €1,362 | -€16,662 | -92.4% |
| Other amounts payable | 47/48 | €8,524 | €86,443 | +€77,920 | +914.2% |
| Remuneration, social security and pensions | 62 | €43,689 | €19,693 | -€23,996 | -54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €3,471 | +€3,221 | +1290.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €28,685 | +€28,685 | |
| Other operating charges | 640/8 | €1,379 | €2,403 | +€1,023 | +74.2% |
| Gross operating margin | 9900 | €94,900 | €65,864 | -€29,035 | -30.6% |
| Operating profit (loss) | 9901 | €49,582 | €11,614 | -€37,968 | -76.6% |
| Financial income | 75/76B | €6 | €16 | +€9 | +148.7% |
| Recurring financial income | 75 | €6 | €16 | +€9 | +148.7% |
| Financial charges | 65/66B | €2,268 | €6,058 | +€3,790 | +167.1% |
| Recurring financial charges | 65 | €2,268 | €6,058 | +€3,790 | +167.1% |
| Profit (loss) for the period before taxes | 9903 | €47,320 | €5,571 | -€41,749 | -88.2% |
| Income taxes | 67/77 | €12,576 | €1,955 | -€10,621 | -84.5% |
| Profit (loss) for the period | 9904 | €34,744 | €3,616 | -€31,128 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,744 | €3,616 | -€31,128 | -89.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.