ADERYS IMMO: 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 IMMO
Largest movements
- Receivables within one year +€53,736
up €53,736 (+341.2%), from €15,749 to €69,485
of which Trade receivables: +€50,243
- Cash -€10,957
down €10,957 (-88.2%), from €12,424 to €1,467
mainly Receivables within one year (-€53,736) and Debts after one year (-€38,885)
- Tangible fixed assets -€10,516
down €10,516 (-2.7%), from €393,596 to €383,079
of which Land and buildings: -€11,188
- Trade debts +€78,366
up €78,366 (+128.3%), from €61,083 to €139,449
- Debts after one year -€38,885
down €38,885 (-12.2%), from €319,575 to €280,689
- Profit (loss) carried forward -€13,213
down €13,213 (-21.4%), from -€61,756 to -€74,969
- Other debts +€5,142
up €5,142 (+11.1%), from €46,236 to €51,378
- Gross operating margin -€12,920
down €12,920 (-41.0%), from €31,540 to €18,620
- Write-downs +€6,197
new in 2025: €6,197
- Financial charges -€1,005
down €1,005 (-11.3%), from €8,903 to €7,898
- Other operating charges -€564
down €564 (-8.2%), from €6,876 to €6,313
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 | €421,770 | €454,032 | +€32,262 | +7.6% |
| Fixed assets | 21/28 | €393,596 | €383,079 | -€10,516 | -2.7% |
| Tangible fixed assets | 22/27 | €393,596 | €383,079 | -€10,516 | -2.7% |
| Land and buildings | 22 | €393,423 | €382,235 | -€11,188 | -2.8% |
| Plant, machinery and equipment | 23 | - | €845 | +€845 | |
| Furniture and vehicles | 24 | €173 | €0 | -€173 | -100.0% |
| Current assets | 29/58 | €28,174 | €70,952 | +€42,779 | +151.8% |
| Amounts receivable within one year | 40/41 | €15,749 | €69,485 | +€53,736 | +341.2% |
| Trade receivables | 40 | €15,705 | €65,948 | +€50,243 | +319.9% |
| Other amounts receivable | 41 | €44 | €3,537 | +€3,492 | +7874.7% |
| Cash at bank and in hand | 54/58 | €12,424 | €1,467 | -€10,957 | -88.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €421,770 | €454,032 | +€32,262 | +7.6% |
| Equity | 10/15 | -€43,156 | -€56,369 | -€13,213 | -30.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,756 | -€74,969 | -€13,213 | -21.4% |
| Amounts payable | 17/49 | €464,926 | €510,401 | +€45,475 | +9.8% |
| Amounts payable after more than one year | 17 | €319,575 | €280,689 | -€38,885 | -12.2% |
| Financial debts | 170/4 | €319,575 | €280,689 | -€38,885 | -12.2% |
| Amounts payable within one year | 42/48 | €145,352 | €229,712 | +€84,360 | +58.0% |
| Current portion of amounts payable after more than one year | 42 | €38,033 | €38,885 | +€852 | +2.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €61,083 | €139,449 | +€78,366 | +128.3% |
| Suppliers | 440/4 | €61,083 | €139,449 | +€78,366 | +128.3% |
| Other amounts payable | 47/48 | €46,236 | €51,378 | +€5,142 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,361 | €11,426 | +€64 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,197 | +€6,197 | |
| Other operating charges | 640/8 | €6,876 | €6,313 | -€564 | -8.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €31,540 | €18,620 | -€12,920 | -41.0% |
| Operating profit (loss) | 9901 | €13,302 | -€5,315 | -€18,617 | |
| Financial charges | 65/66B | €8,903 | €7,898 | -€1,005 | -11.3% |
| Recurring financial charges | 65 | €8,903 | €7,898 | -€1,005 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €4,399 | -€13,213 | -€17,612 | |
| Profit (loss) for the period | 9904 | €4,399 | -€13,213 | -€17,612 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,399 | -€13,213 | -€17,612 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.