ADIA Group: 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.
ADIA Group
Largest movements
- Tangible fixed assets -€26,165
down €26,165 (-22.0%), from €118,964 to €92,799
- Receivables within one year +€18,157
up €18,157 (+196712.5%), from €9 to €18,166
of which Trade receivables: +€18,150
- Cash -€17,976
down €17,976 (-68.4%), from €26,291 to €8,315
mainly Receivables within one year (-€18,157) and Other debts (-€17,584)
- Deferred charges and accrued income -€1,944
down €1,944 (-60.0%), from €3,241 to €1,297
- Other debts -€17,584
down €17,584 (-32.8%), from €53,619 to €36,035
- Tax, wage and social debts -€13,478
down €13,478 (-55.3%), from €24,390 to €10,912
- Reserves +€2,260
up €2,260 (+3.9%), from €58,170 to €60,430
- Gross operating margin -€67,231
down €67,231 (-67.3%), from €99,915 to €32,684
- Taxes -€13,658
down €13,658 (-91.6%), from €14,911 to €1,253
- Depreciation +€5,595
up €5,595 (+24.3%), from €23,049 to €28,644
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 | €148,505 | €120,577 | -€27,928 | -18.8% |
| Fixed assets | 21/28 | €118,964 | €92,799 | -€26,165 | -22.0% |
| Tangible fixed assets | 22/27 | €118,964 | €92,799 | -€26,165 | -22.0% |
| Furniture and vehicles | 24 | €118,964 | €92,799 | -€26,165 | -22.0% |
| Current assets | 29/58 | €29,541 | €27,778 | -€1,763 | -6.0% |
| Amounts receivable within one year | 40/41 | €9 | €18,166 | +€18,157 | +196712.5% |
| Trade receivables | 40 | - | €18,150 | +€18,150 | |
| Other amounts receivable | 41 | €9 | €16 | +€7 | +71.1% |
| Cash at bank and in hand | 54/58 | €26,291 | €8,315 | -€17,976 | -68.4% |
| Deferred charges and accrued income | 490/1 | €3,241 | €1,297 | -€1,944 | -60.0% |
| Total equity and liabilities | 10/49 | €148,505 | €120,577 | -€27,928 | -18.8% |
| Equity | 10/15 | €68,170 | €70,430 | +€2,260 | +3.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €58,170 | €60,430 | +€2,260 | +3.9% |
| Distributable reserves | 133 | €58,170 | €60,430 | +€2,260 | +3.9% |
| Amounts payable | 17/49 | €80,335 | €50,147 | -€30,188 | -37.6% |
| Amounts payable within one year | 42/48 | €80,335 | €50,147 | -€30,188 | -37.6% |
| Trade debts | 44 | €2,326 | €3,200 | +€875 | +37.6% |
| Suppliers | 440/4 | €2,326 | €3,200 | +€875 | +37.6% |
| Taxes, remuneration and social security | 45 | €24,390 | €10,912 | -€13,478 | -55.3% |
| Taxes | 450/3 | €24,390 | €10,912 | -€13,478 | -55.3% |
| Other amounts payable | 47/48 | €53,619 | €36,035 | -€17,584 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,049 | €28,644 | +€5,595 | +24.3% |
| Other operating charges | 640/8 | €180 | €223 | +€43 | +23.9% |
| Non-recurring operating charges | 66A | €3,038 | €0 | -€3,038 | -100.0% |
| Gross operating margin | 9900 | €99,915 | €32,684 | -€67,231 | -67.3% |
| Operating profit (loss) | 9901 | €73,647 | €3,817 | -€69,831 | -94.8% |
| Financial charges | 65/66B | €566 | €303 | -€263 | -46.4% |
| Recurring financial charges | 65 | €566 | €303 | -€263 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €73,081 | €3,513 | -€69,568 | -95.2% |
| Income taxes | 67/77 | €14,911 | €1,253 | -€13,658 | -91.6% |
| Profit (loss) for the period | 9904 | €58,170 | €2,260 | -€55,910 | -96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,170 | €2,260 | -€55,910 | -96.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.