ADHELANTE: 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.
ADHELANTE
Largest movements
- Tangible fixed assets +€24,848
up €24,848 (+305%), from €8,160 to €33,008
of which Furniture and vehicles: +€25,008
- Receivables within one year +€8,046
up €8,046 (+58.6%), from €13,734 to €21,780
of which Trade receivables: +€8,626
- Debts after one year +€22,773
new in 2025: €22,773
- Tax, wage and social debts +€7,991
up €7,991 (+129%), from €6,191 to €14,182
of which Taxes: +€6,231
- Current portion of long-term debt +€4,853
up €4,853 (+305%), from €1,589 to €6,443
- Profit (loss) carried forward -€1,379
down €1,379 (-11.8%), from €11,665 to €10,285
- Other debts -€1,340
down €1,340 (-9.2%), from €14,644 to €13,304
- Gross operating margin -€16,680
down €16,680 (-65.8%), from €25,361 to €8,682
- Taxes -€1,668
down €1,668 (-30.8%), from €5,420 to €3,753
- Other operating charges -€1,431
down €1,431 (-94.7%), from €1,511 to €80
- Financial income +€889
new in 2025: €889
- Financial charges +€750
up €750 (+204%), from €368 to €1,118
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.
Derived cash bridge
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 | €40,897 | €72,971 | +€32,074 | +78.4% |
| Fixed assets | 21/28 | €16,160 | €41,008 | +€24,848 | +154% |
| Tangible fixed assets | 22/27 | €8,160 | €33,008 | +€24,848 | +305% |
| Furniture and vehicles | 24 | €6,813 | €31,821 | +€25,008 | +367% |
| Other tangible fixed assets | 26 | €1,348 | €1,188 | -€160 | -11.9% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €24,737 | €31,963 | +€7,226 | +29.2% |
| Amounts receivable within one year | 40/41 | €13,734 | €21,780 | +€8,046 | +58.6% |
| Trade receivables | 40 | €13,154 | €21,780 | +€8,626 | +65.6% |
| Other amounts receivable | 41 | €580 | - | -€580 | |
| Cash at bank and in hand | 54/58 | €9,878 | €9,305 | -€573 | -5.8% |
| Deferred charges and accrued income | 490/1 | €1,124 | €878 | -€246 | -21.9% |
| Total equity and liabilities | 10/49 | €40,897 | €72,971 | +€32,074 | +78.4% |
| Equity | 10/15 | €16,665 | €15,285 | -€1,379 | -8.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,665 | €10,285 | -€1,379 | -11.8% |
| Amounts payable | 17/49 | €24,232 | €57,686 | +€33,454 | +138% |
| Amounts payable after more than one year | 17 | - | €22,773 | +€22,773 | |
| Financial debts | 170/4 | - | €22,773 | +€22,773 | |
| Amounts payable within one year | 42/48 | €24,052 | €34,734 | +€10,681 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €1,589 | €6,443 | +€4,853 | +305% |
| Trade debts | 44 | €1,627 | €805 | -€823 | -50.5% |
| Suppliers | 440/4 | €1,627 | €805 | -€823 | -50.5% |
| Taxes, remuneration and social security | 45 | €6,191 | €14,182 | +€7,991 | +129% |
| Taxes | 450/3 | €4,431 | €10,662 | +€6,231 | +141% |
| Remuneration and social security | 454/9 | €1,760 | €3,520 | +€1,760 | +100% |
| Other amounts payable | 47/48 | €14,644 | €13,304 | -€1,340 | -9.2% |
| Accrued charges and deferred income | 492/3 | €180 | €180 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,735 | +€3,735 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,681 | €5,999 | +€318 | +5.6% |
| Other operating charges | 640/8 | €1,511 | €80 | -€1,431 | -94.7% |
| Gross operating margin | 9900 | €25,361 | €8,682 | -€16,680 | -65.8% |
| Operating profit (loss) | 9901 | €18,170 | €2,603 | -€15,567 | -85.7% |
| Financial income | 75/76B | - | €889 | +€889 | |
| Recurring financial income | 75 | - | €889 | +€889 | |
| Financial charges | 65/66B | €368 | €1,118 | +€750 | +204% |
| Recurring financial charges | 65 | €368 | €1,118 | +€750 | +204% |
| Profit (loss) for the period before taxes | 9903 | €17,801 | €2,373 | -€15,428 | -86.7% |
| Income taxes | 67/77 | €5,420 | €3,753 | -€1,668 | -30.8% |
| Profit (loss) for the period | 9904 | €12,381 | -€1,379 | -€13,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,381 | -€1,379 | -€13,761 |
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 19 October 2026 via checked.be.