ADFid: 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.
ADFid
Largest movements
- Cash -€45,159
down €45,159 (-32.4%), from €139,394 to €94,235
mainly Contributions, distributions and other (-€127,914) and Other debts (-€44,435)
- Current investments +€24,888
up €24,888 (+21.1%), from €117,956 to €142,843
- Receivables within one year -€10,042
down €10,042 (-66.9%), from €15,000 to €4,958
of which Trade receivables: -€15,000
- Tangible fixed assets -€9,575
down €9,575 (-17.5%), from €54,718 to €45,143
of which Furniture and vehicles: -€9,017
- Other debts -€44,435
down €44,435 (-30.3%), from €146,835 to €102,400
- Tax, wage and social debts +€4,258
up €4,258 (+15.0%), from €28,305 to €32,563
- Taxes +€10,296
up €10,296 (+25.4%), from €40,581 to €50,877
- Gross operating margin -€2,444
down €2,444 (-1.3%), from €189,493 to €187,048
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 | €333,111 | €293,177 | -€39,934 | -12.0% |
| Fixed assets | 21/28 | €54,718 | €45,143 | -€9,575 | -17.5% |
| Tangible fixed assets | 22/27 | €54,718 | €45,143 | -€9,575 | -17.5% |
| Plant, machinery and equipment | 23 | €1,958 | €1,400 | -€558 | -28.5% |
| Furniture and vehicles | 24 | €52,760 | €43,743 | -€9,017 | -17.1% |
| Current assets | 29/58 | €278,393 | €248,034 | -€30,360 | -10.9% |
| Amounts receivable within one year | 40/41 | €15,000 | €4,958 | -€10,042 | -66.9% |
| Trade receivables | 40 | €15,000 | - | -€15,000 | |
| Other amounts receivable | 41 | - | €4,958 | +€4,958 | |
| Current investments | 50/53 | €117,956 | €142,843 | +€24,888 | +21.1% |
| Cash at bank and in hand | 54/58 | €139,394 | €94,235 | -€45,159 | -32.4% |
| Deferred charges and accrued income | 490/1 | €6,044 | €5,998 | -€46 | -0.8% |
| Total equity and liabilities | 10/49 | €333,111 | €293,177 | -€39,934 | -12.0% |
| Equity | 10/15 | €157,728 | €157,728 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €154,456 | €155,728 | +€1,272 | +0.8% |
| Distributable reserves | 133 | €154,456 | €155,728 | +€1,272 | +0.8% |
| Profit (loss) carried forward | 14 | €1,272 | - | -€1,272 | |
| Amounts payable | 17/49 | €175,383 | €135,448 | -€39,934 | -22.8% |
| Amounts payable within one year | 42/48 | €175,383 | €135,049 | -€40,334 | -23.0% |
| Trade debts | 44 | €242 | €86 | -€156 | -64.5% |
| Suppliers | 440/4 | €242 | €86 | -€156 | -64.5% |
| Taxes, remuneration and social security | 45 | €28,305 | €32,563 | +€4,258 | +15.0% |
| Taxes | 450/3 | €28,305 | €32,563 | +€4,258 | +15.0% |
| Other amounts payable | 47/48 | €146,835 | €102,400 | -€44,435 | -30.3% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,655 | €10,189 | -€465 | -4.4% |
| Other operating charges | 640/8 | €388 | €186 | -€202 | -52.0% |
| Non-recurring operating charges | 66A | €773 | €349 | -€425 | -54.9% |
| Gross operating margin | 9900 | €189,493 | €187,048 | -€2,444 | -1.3% |
| Operating profit (loss) | 9901 | €177,677 | €176,324 | -€1,353 | -0.8% |
| Financial income | 75/76B | €989 | €2,581 | +€1,592 | +160.9% |
| Recurring financial income | 75 | €989 | €2,581 | +€1,592 | +160.9% |
| Financial charges | 65/66B | €262 | €112 | -€150 | -57.1% |
| Recurring financial charges | 65 | €262 | €112 | -€150 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €178,404 | €178,792 | +€388 | +0.2% |
| Income taxes | 67/77 | €40,581 | €50,877 | +€10,296 | +25.4% |
| Profit (loss) for the period | 9904 | €137,822 | €127,914 | -€9,908 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €137,822 | €127,914 | -€9,908 | -7.2% |
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 11 October 2026 via checked.be.