ADFINIMO: 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.
ADFINIMO
Largest movements
- Tangible fixed assets -€17,197
down €17,197 (-7.5%), from €229,870 to €212,673
of which Plant, machinery and equipment: -€10,236
- Cash +€9,339
up €9,339 (+245.6%), from €3,803 to €13,141
mainly Depreciation (+€18,149) and Other debts (+€16,876)
- Receivables within one year +€9,051
up €9,051 (+11.3%), from €80,438 to €89,489
of which Other amounts receivable: +€6,541
- Debts after one year -€19,583
down €19,583 (-19.0%), from €102,812 to €83,229
- Other debts +€16,876
up €16,876 (+14.5%), from €116,662 to €133,539
- Gross operating margin +€30,743
up €30,743, from -€2,255 to €28,489
- Other operating charges -€946
down €946 (-13.3%), from €7,103 to €6,157
- Taxes +€629
up €629 (+214.9%), from €293 to €921
- Depreciation -€306
down €306 (-1.7%), from €18,456 to €18,149
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 | €392,232 | €393,888 | +€1,656 | +0.4% |
| Fixed assets | 21/28 | €307,268 | €290,070 | -€17,197 | -5.6% |
| Tangible fixed assets | 22/27 | €229,870 | €212,673 | -€17,197 | -7.5% |
| Land and buildings | 22 | €172,119 | €165,650 | -€6,469 | -3.8% |
| Plant, machinery and equipment | 23 | €52,616 | €42,380 | -€10,236 | -19.5% |
| Furniture and vehicles | 24 | €3,035 | €2,543 | -€492 | -16.2% |
| Other tangible fixed assets | 26 | €2,100 | €2,100 | = | 0.0% |
| Financial fixed assets | 28 | €77,398 | €77,398 | = | 0.0% |
| Current assets | 29/58 | €84,964 | €103,817 | +€18,853 | +22.2% |
| Amounts receivable within one year | 40/41 | €80,438 | €89,489 | +€9,051 | +11.3% |
| Trade receivables | 40 | €18,702 | €21,212 | +€2,510 | +13.4% |
| Other amounts receivable | 41 | €61,736 | €68,277 | +€6,541 | +10.6% |
| Cash at bank and in hand | 54/58 | €3,803 | €13,141 | +€9,339 | +245.6% |
| Deferred charges and accrued income | 490/1 | €724 | €1,188 | +€464 | +64.1% |
| Total equity and liabilities | 10/49 | €392,232 | €393,888 | +€1,656 | +0.4% |
| Equity | 10/15 | €140,033 | €140,284 | +€251 | +0.2% |
| Contributions | 10/11 | €51,000 | €51,000 | = | 0.0% |
| Reserves | 13 | €98,201 | €98,201 | = | 0.0% |
| Tax-exempt reserves | 132 | €201 | €201 | = | 0.0% |
| Distributable reserves | 133 | €98,000 | €98,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,168 | -€8,917 | +€251 | +2.7% |
| Amounts payable | 17/49 | €252,199 | €253,604 | +€1,404 | +0.6% |
| Amounts payable after more than one year | 17 | €102,812 | €83,229 | -€19,583 | -19.0% |
| Financial debts | 170/4 | €102,812 | €83,229 | -€19,583 | -19.0% |
| Amounts payable within one year | 42/48 | €149,387 | €167,496 | +€18,109 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €19,013 | €19,123 | +€109 | +0.6% |
| Trade debts | 44 | €9,045 | €8,123 | -€922 | -10.2% |
| Suppliers | 440/4 | €9,045 | €8,123 | -€922 | -10.2% |
| Taxes, remuneration and social security | 45 | €4,667 | €6,712 | +€2,045 | +43.8% |
| Taxes | 450/3 | €4,667 | €6,712 | +€2,045 | +43.8% |
| Other amounts payable | 47/48 | €116,662 | €133,539 | +€16,876 | +14.5% |
| Accrued charges and deferred income | 492/3 | - | €2,878 | +€2,878 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,456 | €18,149 | -€306 | -1.7% |
| Other operating charges | 640/8 | €7,103 | €6,157 | -€946 | -13.3% |
| Gross operating margin | 9900 | -€2,255 | €28,489 | +€30,743 | |
| Operating profit (loss) | 9901 | -€27,813 | €4,182 | +€31,995 | |
| Financial income | 75/76B | €2,375 | €2,416 | +€40 | +1.7% |
| Recurring financial income | 75 | €2,375 | €2,416 | +€40 | +1.7% |
| Financial charges | 65/66B | €5,493 | €5,425 | -€68 | -1.2% |
| Recurring financial charges | 65 | €5,493 | €5,425 | -€68 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€30,931 | €1,172 | +€32,104 | |
| Income taxes | 67/77 | €293 | €921 | +€629 | +214.9% |
| Profit (loss) for the period | 9904 | -€31,224 | €251 | +€31,475 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,224 | €251 | +€31,475 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.