ADEVA: 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.
ADEVA
Largest movements
- Tangible fixed assets -€12,842
down €12,842 (-6.7%), from €191,105 to €178,264
of which Land and buildings: -€9,600
- Cash +€9,150
up €9,150 (+298.5%), from €3,066 to €12,215
mainly Depreciation (+€12,842) and Other debts (+€1,800)
- Deferred charges and accrued income +€7,071
up €7,071 (+441.9%), from €1,600 to €8,671
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€920
down €920 (-5.9%), from €15,615 to €14,694
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 | €197,270 | €199,150 | +€1,879 | +1.0% |
| Fixed assets | 21/28 | €191,105 | €178,264 | -€12,842 | -6.7% |
| Tangible fixed assets | 22/27 | €191,105 | €178,264 | -€12,842 | -6.7% |
| Land and buildings | 22 | €187,306 | €177,706 | -€9,600 | -5.1% |
| Plant, machinery and equipment | 23 | €3,800 | €558 | -€3,242 | -85.3% |
| Current assets | 29/58 | €6,165 | €20,886 | +€14,721 | +238.8% |
| Amounts receivable within one year | 40/41 | €1,499 | - | -€1,499 | |
| Trade receivables | 40 | €1,499 | - | -€1,499 | |
| Cash at bank and in hand | 54/58 | €3,066 | €12,215 | +€9,150 | +298.5% |
| Deferred charges and accrued income | 490/1 | €1,600 | €8,671 | +€7,071 | +441.9% |
| Total equity and liabilities | 10/49 | €197,270 | €199,150 | +€1,879 | +1.0% |
| Equity | 10/15 | €126,069 | €126,070 | +€1 | 0.0% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €398 | €399 | +€1 | +0.2% |
| Non-distributable reserves | 130/1 | €398 | €399 | +€1 | +0.2% |
| Legal reserve | 130 | €398 | €399 | +€1 | +0.2% |
| Profit (loss) carried forward | 14 | €35,671 | €35,671 | = | 0.0% |
| Amounts payable | 17/49 | €71,201 | €73,079 | +€1,878 | +2.6% |
| Amounts payable within one year | 42/48 | €71,201 | €73,079 | +€1,878 | +2.6% |
| Trade debts | 44 | €774 | €852 | +€78 | +10.1% |
| Suppliers | 440/4 | €774 | €852 | +€78 | +10.1% |
| Other amounts payable | 47/48 | €70,427 | €72,227 | +€1,800 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,842 | €12,842 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,743 | €1,798 | +€55 | +3.2% |
| Gross operating margin | 9900 | €15,615 | €14,694 | -€920 | -5.9% |
| Operating profit (loss) | 9901 | €1,030 | €55 | -€975 | -94.7% |
| Financial charges | 65/66B | €54 | €54 | -€0 | -0.7% |
| Recurring financial charges | 65 | €54 | €54 | -€0 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €976 | €1 | -€975 | -99.9% |
| Profit (loss) for the period | 9904 | €976 | €1 | -€975 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €976 | €1 | -€975 | -99.9% |
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 8 October 2026 via checked.be.