ADFINTRA: 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.
ADFINTRA
Largest movements
- Stocks and contracts +€113,233
up €113,233 (+60.4%), from €187,393 to €300,626
- Cash +€69,422
up €69,422 (+37.6%), from €184,686 to €254,108
mainly Net result for the year (+€379,432) and Trade debts (+€286,469)
- Receivables within one year +€29,846
up €29,846 (+6.6%), from €449,257 to €479,102
of which Trade receivables: +€25,344
- Deferred charges and accrued income +€26,476
up €26,476 (+141.6%), from €18,692 to €45,168
- Trade debts +€286,469
up €286,469 (+191.5%), from €149,562 to €436,031
- Tax, wage and social debts -€43,405
down €43,405 (-21.2%), from €204,973 to €161,568
of which Taxes: -€47,251
- Debts after one year -€23,489
down €23,489 (-92.3%), from €25,458 to €1,969
- Other debts +€18,728
up €18,728 (+5.0%), from €377,769 to €396,497
- Taxes -€41,815
down €41,815 (-71.2%), from €58,754 to €16,939
- Write-downs +€29,543
up €29,543, from -€1,805 to €27,738
- Financial charges -€20,687
down €20,687 (-75.1%), from €27,531 to €6,845
of which Non-recurring financial charges: -€22,052
- Staff costs +€20,123
up €20,123 (+6.2%), from €323,856 to €343,979
- Gross operating margin +€13,231
up €13,231 (+1.7%), from €792,730 to €805,961
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 | €929,107 | €1,157,516 | +€228,410 | +24.6% |
| Fixed assets | 21/28 | €89,080 | €78,512 | -€10,568 | -11.9% |
| Intangible fixed assets | 21 | €156 | - | -€156 | |
| Tangible fixed assets | 22/27 | €81,424 | €71,012 | -€10,412 | -12.8% |
| Plant, machinery and equipment | 23 | €6,677 | €14,143 | +€7,466 | +111.8% |
| Furniture and vehicles | 24 | €47,725 | €35,251 | -€12,474 | -26.1% |
| Other tangible fixed assets | 26 | €27,021 | €21,617 | -€5,404 | -20.0% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €840,027 | €1,079,005 | +€238,978 | +28.4% |
| Stocks and contracts in progress | 3 | €187,393 | €300,626 | +€113,233 | +60.4% |
| Contracts in progress | 37 | €187,393 | €300,626 | +€113,233 | +60.4% |
| Amounts receivable within one year | 40/41 | €449,257 | €479,102 | +€29,846 | +6.6% |
| Trade receivables | 40 | €446,098 | €471,441 | +€25,344 | +5.7% |
| Other amounts receivable | 41 | €3,159 | €7,661 | +€4,502 | +142.5% |
| Cash at bank and in hand | 54/58 | €184,686 | €254,108 | +€69,422 | +37.6% |
| Deferred charges and accrued income | 490/1 | €18,692 | €45,168 | +€26,476 | +141.6% |
| Total equity and liabilities | 10/49 | €929,107 | €1,157,516 | +€228,410 | +24.6% |
| Equity | 10/15 | €135,240 | €135,705 | +€465 | +0.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €122,840 | €123,305 | +€465 | +0.4% |
| Distributable reserves | 133 | €122,840 | €123,305 | +€465 | +0.4% |
| Amounts payable | 17/49 | €793,867 | €1,021,811 | +€227,944 | +28.7% |
| Amounts payable after more than one year | 17 | €25,458 | €1,969 | -€23,489 | -92.3% |
| Financial debts | 170/4 | €25,458 | €1,969 | -€23,489 | -92.3% |
| Amounts payable within one year | 42/48 | €755,535 | €1,017,587 | +€262,051 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €23,231 | €23,489 | +€258 | +1.1% |
| Trade debts | 44 | €149,562 | €436,031 | +€286,469 | +191.5% |
| Suppliers | 440/4 | €149,562 | €436,031 | +€286,469 | +191.5% |
| Taxes, remuneration and social security | 45 | €204,973 | €161,568 | -€43,405 | -21.2% |
| Taxes | 450/3 | €155,098 | €107,847 | -€47,251 | -30.5% |
| Remuneration and social security | 454/9 | €49,875 | €53,721 | +€3,847 | +7.7% |
| Other amounts payable | 47/48 | €377,769 | €396,497 | +€18,728 | +5.0% |
| Accrued charges and deferred income | 492/3 | €12,873 | €2,256 | -€10,618 | -82.5% |
| Non-recurring operating income | 76A | €14,035 | - | -€14,035 | |
| Remuneration, social security and pensions | 62 | €323,856 | €343,979 | +€20,123 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,174 | €29,666 | -€508 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,805 | €27,738 | +€29,543 | |
| Other operating charges | 640/8 | €6,361 | €1,741 | -€4,620 | -72.6% |
| Gross operating margin | 9900 | €792,730 | €805,961 | +€13,231 | +1.7% |
| Operating profit (loss) | 9901 | €434,144 | €402,838 | -€31,306 | -7.2% |
| Financial income | 75/76B | €1,555 | €378 | -€1,178 | -75.7% |
| Recurring financial income | 75 | €1,555 | €378 | -€1,178 | -75.7% |
| Financial charges | 65/66B | €27,531 | €6,845 | -€20,687 | -75.1% |
| Recurring financial charges | 65 | €5,379 | €6,745 | +€1,365 | +25.4% |
| Non-recurring financial charges | 66B | €22,152 | €100 | -€22,052 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | €408,168 | €396,371 | -€11,797 | -2.9% |
| Income taxes | 67/77 | €58,754 | €16,939 | -€41,815 | -71.2% |
| Profit (loss) for the period | 9904 | €349,414 | €379,432 | +€30,018 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €349,414 | €379,432 | +€30,018 | +8.6% |
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 12 October 2026 via checked.be.