adfinitas: 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.
adfinitas
Largest movements
- Receivables within one year -€24,781
down €24,781 (-55.2%), from €44,865 to €20,084
- Cash +€22,243
up €22,243 (+20.7%), from €107,421 to €129,663
mainly Receivables within one year (+€24,781) and Net result for the year (+€21,102)
- Tangible fixed assets +€1,991
new in 2025: €1,991
- Trade debts -€40,351
down €40,351 (-70.1%), from €57,594 to €17,243
- Profit (loss) carried forward +€21,102
up €21,102, from -€8,865 to €12,238
- Tax, wage and social debts +€9,380
up €9,380 (+15.2%), from €61,807 to €71,187
of which Taxes: +€17,181
- Accrued charges and deferred income +€8,609
up €8,609 (+287.0%), from €3,000 to €11,609
- Staff costs -€22,772
down €22,772 (-15.6%), from €145,832 to €123,059
- Gross operating margin +€7,066
up €7,066 (+4.9%), from €144,394 to €151,460
- Depreciation -€6,198
down €6,198 (-94.3%), from €6,571 to €373
- Taxes +€5,281
new in 2025: €5,281
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 | €154,031 | €153,484 | -€547 | -0.4% |
| Fixed assets | 21/28 | €300 | €2,591 | +€2,291 | +763.6% |
| Tangible fixed assets | 22/27 | - | €1,991 | +€1,991 | |
| Furniture and vehicles | 24 | - | €1,991 | +€1,991 | |
| Financial fixed assets | 28 | €300 | €600 | +€300 | +100.0% |
| Current assets | 29/58 | €153,731 | €150,893 | -€2,838 | -1.8% |
| Amounts receivable within one year | 40/41 | €44,865 | €20,084 | -€24,781 | -55.2% |
| Trade receivables | 40 | €44,865 | €20,084 | -€24,781 | -55.2% |
| Cash at bank and in hand | 54/58 | €107,421 | €129,663 | +€22,243 | +20.7% |
| Deferred charges and accrued income | 490/1 | €1,446 | €1,146 | -€300 | -20.7% |
| Total equity and liabilities | 10/49 | €154,031 | €153,484 | -€547 | -0.4% |
| Equity | 10/15 | €16,135 | €37,238 | +€21,102 | +130.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,865 | €12,238 | +€21,102 | |
| Amounts payable | 17/49 | €137,896 | €116,246 | -€21,650 | -15.7% |
| Amounts payable within one year | 42/48 | €134,896 | €104,637 | -€30,259 | -22.4% |
| Trade debts | 44 | €57,594 | €17,243 | -€40,351 | -70.1% |
| Suppliers | 440/4 | €57,594 | €17,243 | -€40,351 | -70.1% |
| Taxes, remuneration and social security | 45 | €61,807 | €71,187 | +€9,380 | +15.2% |
| Taxes | 450/3 | €31,810 | €48,992 | +€17,181 | +54.0% |
| Remuneration and social security | 454/9 | €29,997 | €22,195 | -€7,802 | -26.0% |
| Other amounts payable | 47/48 | €15,495 | €16,207 | +€712 | +4.6% |
| Accrued charges and deferred income | 492/3 | €3,000 | €11,609 | +€8,609 | +287.0% |
| Remuneration, social security and pensions | 62 | €145,832 | €123,059 | -€22,772 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,571 | €373 | -€6,198 | -94.3% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €144,394 | €151,460 | +€7,066 | +4.9% |
| Operating profit (loss) | 9901 | -€8,780 | €27,628 | +€36,409 | |
| Financial income | 75/76B | €161 | €137 | -€24 | -15.0% |
| Recurring financial income | 75 | €161 | €137 | -€24 | -15.0% |
| Financial charges | 65/66B | €245 | €1,382 | +€1,136 | +463.1% |
| Recurring financial charges | 65 | €245 | €1,382 | +€1,136 | +463.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,865 | €26,384 | +€35,248 | |
| Income taxes | 67/77 | - | €5,281 | +€5,281 | |
| Profit (loss) for the period | 9904 | -€8,865 | €21,102 | +€29,967 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,865 | €21,102 | +€29,967 |
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 6 October 2026 via checked.be.