ADi Immo: 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.
ADi Immo
Largest movements
- Receivables within one year -€16,654
down €16,654 (-44.1%), from €37,726 to €21,072
of which Other amounts receivable: -€14,302
- Deferred charges and accrued income -€2,517
down €2,517 (-20.2%), from €12,464 to €9,947
- Cash -€1,332
down €1,332 (-2.4%), from €54,714 to €53,382
mainly Tax, wage and social debts (-€13,131) and Trade debts (-€7,730)
- Tax, wage and social debts -€13,131
down €13,131 (-54.5%), from €24,103 to €10,972
of which Taxes: -€13,131
- Trade debts -€7,730
down €7,730 (-63.2%), from €12,237 to €4,507
- Gross operating margin -€45,538
down €45,538 (-43.4%), from €105,037 to €59,499
- Staff costs +€15,116
up €15,116 (+39.7%), from €38,102 to €53,218
- Depreciation -€10,555
down €10,555 (-80.8%), from €13,061 to €2,506
- Financial charges -€1,531
down €1,531 (-47.2%), from €3,247 to €1,716
- Taxes -€1,446
down €1,446 (-46.1%), from €3,140 to €1,694
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 | €123,649 | €102,326 | -€21,323 | -17.2% |
| Fixed assets | 21/28 | €18,745 | €17,925 | -€820 | -4.4% |
| Intangible fixed assets | 21 | €6,774 | €6,774 | = | 0.0% |
| Tangible fixed assets | 22/27 | €11,867 | €11,047 | -€820 | -6.9% |
| Land and buildings | 22 | €11,445 | €9,271 | -€2,174 | -19.0% |
| Plant, machinery and equipment | 23 | €222 | €1,626 | +€1,404 | +632.4% |
| Furniture and vehicles | 24 | €200 | €150 | -€50 | -25.0% |
| Financial fixed assets | 28 | €104 | €104 | = | 0.0% |
| Current assets | 29/58 | €104,904 | €84,401 | -€20,503 | -19.5% |
| Amounts receivable within one year | 40/41 | €37,726 | €21,072 | -€16,654 | -44.1% |
| Trade receivables | 40 | €3,465 | €1,113 | -€2,352 | -67.9% |
| Other amounts receivable | 41 | €34,261 | €19,959 | -€14,302 | -41.7% |
| Cash at bank and in hand | 54/58 | €54,714 | €53,382 | -€1,332 | -2.4% |
| Deferred charges and accrued income | 490/1 | €12,464 | €9,947 | -€2,517 | -20.2% |
| Total equity and liabilities | 10/49 | €123,649 | €102,326 | -€21,323 | -17.2% |
| Equity | 10/15 | -€37,691 | -€38,153 | -€462 | -1.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,258 | €1,258 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,258 | €1,258 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,258 | €1,258 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,949 | -€59,411 | -€462 | -0.8% |
| Amounts payable | 17/49 | €161,340 | €140,479 | -€20,861 | -12.9% |
| Amounts payable after more than one year | 17 | €125,000 | €125,000 | = | 0.0% |
| Financial debts | 170/4 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,340 | €15,479 | -€20,861 | -57.4% |
| Trade debts | 44 | €12,237 | €4,507 | -€7,730 | -63.2% |
| Suppliers | 440/4 | €12,237 | €4,507 | -€7,730 | -63.2% |
| Taxes, remuneration and social security | 45 | €24,103 | €10,972 | -€13,131 | -54.5% |
| Taxes | 450/3 | €20,013 | €6,882 | -€13,131 | -65.6% |
| Remuneration and social security | 454/9 | €4,090 | €4,090 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €38,102 | €53,218 | +€15,116 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,061 | €2,506 | -€10,555 | -80.8% |
| Other operating charges | 640/8 | €1,814 | €1,426 | -€388 | -21.4% |
| Gross operating margin | 9900 | €105,037 | €59,499 | -€45,538 | -43.4% |
| Operating profit (loss) | 9901 | €52,060 | €2,349 | -€49,711 | -95.5% |
| Financial income | 75/76B | €242 | €599 | +€357 | +147.5% |
| Recurring financial income | 75 | €242 | €599 | +€357 | +147.5% |
| Financial charges | 65/66B | €3,247 | €1,716 | -€1,531 | -47.2% |
| Recurring financial charges | 65 | €3,247 | €1,716 | -€1,531 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €49,055 | €1,232 | -€47,823 | -97.5% |
| Income taxes | 67/77 | €3,140 | €1,694 | -€1,446 | -46.1% |
| Profit (loss) for the period | 9904 | €45,915 | -€462 | -€46,377 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,915 | -€462 | -€46,377 |
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 9 October 2026 via checked.be.