ADIBOX: what changed
ADIBOX
Largest movements
- Intangible fixed assets +€68,546
up €68,546 (+41.2%), from €166,260 to €234,806
- Tangible fixed assets +€28,584
up €28,584 (+55.5%), from €51,538 to €80,122
- Receivables within one year -€17,937
down €17,937 (-13.2%), from €135,859 to €117,922
of which Trade receivables: -€24,768
- Deferred charges and accrued income +€10,125
up €10,125 (+13.1%), from €77,514 to €87,639
- Cash -€7,560
down €7,560 (-38.9%), from €19,418 to €11,859
mainly Investment in fixed assets (net) (-€181,487) and Tax, wage and social debts (-€14,938)
- Trade debts +€74,013
up €74,013 (+416%), from €17,776 to €91,790
- Tax, wage and social debts -€14,938
down €14,938 (-18.4%), from €80,968 to €66,030
of which Taxes: -€15,993
- Accrued charges and deferred income +€14,055
up €14,055 (+12.1%), from €115,814 to €129,869
- Reserves +€10,000
up €10,000 (+6.0%), from €166,200 to €176,200
of which Distributable reserves: +€10,000
- Staff costs +€65,855
up €65,855 (+27.5%), from €239,471 to €305,326
- Gross operating margin +€44,313
up €44,313 (+12.4%), from €356,794 to €401,107
- Depreciation +€31,999
up €31,999 (+61.1%), from €52,358 to €84,357
- Taxes -€15,165
down €15,165 (-82.7%), from €18,334 to €3,169
- Write-downs +€6,098
no longer reported in 2025 (was -€6,098)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €453,649 | €532,523 | +€78,874 | +17.4% |
| Fixed assets | 21/28 | €217,973 | €315,103 | +€97,130 | +44.6% |
| Intangible fixed assets | 21 | €166,260 | €234,806 | +€68,546 | +41.2% |
| Tangible fixed assets | 22/27 | €51,538 | €80,122 | +€28,584 | +55.5% |
| Furniture and vehicles | 24 | €51,538 | €80,122 | +€28,584 | +55.5% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €235,676 | €217,420 | -€18,256 | -7.7% |
| Stocks and contracts in progress | 3 | €2,885 | - | -€2,885 | |
| Stocks | 30/36 | €2,885 | - | -€2,885 | |
| Amounts receivable within one year | 40/41 | €135,859 | €117,922 | -€17,937 | -13.2% |
| Trade receivables | 40 | €135,859 | €111,091 | -€24,768 | -18.2% |
| Other amounts receivable | 41 | - | €6,831 | +€6,831 | |
| Cash at bank and in hand | 54/58 | €19,418 | €11,859 | -€7,560 | -38.9% |
| Deferred charges and accrued income | 490/1 | €77,514 | €87,639 | +€10,125 | +13.1% |
| Total equity and liabilities | 10/49 | €453,649 | €532,523 | +€78,874 | +17.4% |
| Equity | 10/15 | €239,091 | €244,835 | +€5,744 | +2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €166,200 | €176,200 | +€10,000 | +6.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €160,000 | €170,000 | +€10,000 | +6.3% |
| Profit (loss) carried forward | 14 | €10,891 | €6,635 | -€4,256 | -39.1% |
| Amounts payable | 17/49 | €214,558 | €287,688 | +€73,130 | +34.1% |
| Amounts payable within one year | 42/48 | €98,744 | €157,819 | +€59,075 | +59.8% |
| Trade debts | 44 | €17,776 | €91,790 | +€74,013 | +416% |
| Suppliers | 440/4 | €17,776 | €91,790 | +€74,013 | +416% |
| Taxes, remuneration and social security | 45 | €80,968 | €66,030 | -€14,938 | -18.4% |
| Taxes | 450/3 | €34,438 | €18,446 | -€15,993 | -46.4% |
| Remuneration and social security | 454/9 | €46,529 | €47,584 | +€1,055 | +2.3% |
| Accrued charges and deferred income | 492/3 | €115,814 | €129,869 | +€14,055 | +12.1% |
| Remuneration, social security and pensions | 62 | €239,471 | €305,326 | +€65,855 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,358 | €84,357 | +€31,999 | +61.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,098 | - | +€6,098 | |
| Other operating charges | 640/8 | €1,219 | €2,228 | +€1,009 | +82.8% |
| Gross operating margin | 9900 | €356,794 | €401,107 | +€44,313 | +12.4% |
| Operating profit (loss) | 9901 | €69,844 | €9,195 | -€60,648 | -86.8% |
| Financial income | 75/76B | €1,074 | €2 | -€1,072 | -99.8% |
| Recurring financial income | 75 | €1,074 | €2 | -€1,072 | -99.8% |
| Financial charges | 65/66B | €168 | €284 | +€116 | +68.8% |
| Recurring financial charges | 65 | €168 | €284 | +€116 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €70,749 | €8,913 | -€61,836 | -87.4% |
| Income taxes | 67/77 | €18,334 | €3,169 | -€15,165 | -82.7% |
| Profit (loss) for the period | 9904 | €52,416 | €5,744 | -€46,672 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,416 | €5,744 | -€46,672 | -89.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.