Adi Potemans: 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 Potemans
Largest movements
- Tangible fixed assets -€37,922
down €37,922 (-24.7%), from €153,515 to €115,594
of which Leasing and similar rights: -€20,290
- Receivables within one year +€30,523
up €30,523 (+41.3%), from €73,904 to €104,427
of which Trade receivables: +€32,830
- Cash +€22,062
up €22,062 (+108%), from €20,379 to €42,441
mainly Depreciation (+€43,272) and Trade debts (+€28,679)
- Trade debts +€28,679
up €28,679 (+210%), from €13,626 to €42,305
- Current portion of long-term debt -€15,668
down €15,668 (-60.8%), from €25,751 to €10,083
- Profit (loss) carried forward +€12,785
up €12,785 (+7.4%), from €172,283 to €185,067
- Debts after one year -€11,491
no longer reported in 2025 (was €11,491)
- Gross operating margin -€18,208
down €18,208 (-23.6%), from €77,134 to €58,926
- Depreciation -€1,578
down €1,578 (-3.5%), from €44,849 to €43,272
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 | €250,256 | €267,043 | +€16,787 | +6.7% |
| Fixed assets | 21/28 | €153,515 | €115,594 | -€37,922 | -24.7% |
| Tangible fixed assets | 22/27 | €153,515 | €115,594 | -€37,922 | -24.7% |
| Land and buildings | 22 | €55,982 | €47,872 | -€8,110 | -14.5% |
| Plant, machinery and equipment | 23 | €34,896 | €29,317 | -€5,579 | -16.0% |
| Furniture and vehicles | 24 | €9,655 | €5,712 | -€3,943 | -40.8% |
| Leasing and similar rights | 25 | €52,982 | €32,692 | -€20,290 | -38.3% |
| Current assets | 29/58 | €96,741 | €151,450 | +€54,709 | +56.6% |
| Amounts receivable within one year | 40/41 | €73,904 | €104,427 | +€30,523 | +41.3% |
| Trade receivables | 40 | €71,597 | €104,427 | +€32,830 | +45.9% |
| Other amounts receivable | 41 | €2,307 | - | -€2,307 | |
| Cash at bank and in hand | 54/58 | €20,379 | €42,441 | +€22,062 | +108% |
| Deferred charges and accrued income | 490/1 | €2,458 | €4,582 | +€2,124 | +86.4% |
| Total equity and liabilities | 10/49 | €250,256 | €267,043 | +€16,787 | +6.7% |
| Equity | 10/15 | €192,821 | €205,606 | +€12,785 | +6.6% |
| Contributions | 10/11 | €18,678 | €18,678 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,283 | €185,067 | +€12,785 | +7.4% |
| Amounts payable | 17/49 | €57,435 | €61,437 | +€4,002 | +7.0% |
| Amounts payable after more than one year | 17 | €11,491 | - | -€11,491 | |
| Financial debts | 170/4 | €11,491 | - | -€11,491 | |
| Amounts payable within one year | 42/48 | €45,944 | €61,437 | +€15,494 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €25,751 | €10,083 | -€15,668 | -60.8% |
| Trade debts | 44 | €13,626 | €42,305 | +€28,679 | +210% |
| Suppliers | 440/4 | €13,626 | €42,305 | +€28,679 | +210% |
| Taxes, remuneration and social security | 45 | - | €2,570 | +€2,570 | |
| Taxes | 450/3 | - | €2,570 | +€2,570 | |
| Other amounts payable | 47/48 | €6,567 | €6,479 | -€87 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,849 | €43,272 | -€1,578 | -3.5% |
| Other operating charges | 640/8 | €1,253 | €1,467 | +€215 | +17.1% |
| Gross operating margin | 9900 | €77,134 | €58,926 | -€18,208 | -23.6% |
| Operating profit (loss) | 9901 | €31,032 | €14,187 | -€16,845 | -54.3% |
| Financial income | 75/76B | €28 | €126 | +€98 | +351% |
| Recurring financial income | 75 | €28 | €126 | +€98 | +351% |
| Financial charges | 65/66B | €1,459 | €863 | -€596 | -40.8% |
| Recurring financial charges | 65 | €1,459 | €690 | -€770 | -52.7% |
| Non-recurring financial charges | 66B | - | €174 | +€174 | |
| Profit (loss) for the period before taxes | 9903 | €29,601 | €13,450 | -€16,151 | -54.6% |
| Income taxes | 67/77 | €8 | €666 | +€657 | +7,824% |
| Profit (loss) for the period | 9904 | €29,593 | €12,785 | -€16,808 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,593 | €12,785 | -€16,808 | -56.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.