ADICAN: 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.
ADICAN
Largest movements
- Cash -€3,230
down €3,230 (-37.2%), from €8,674 to €5,444
mainly Trade debts (-€5,270) and Tax, wage and social debts (-€3,150)
- Receivables within one year -€1,657
down €1,657 (-10.9%), from €15,179 to €13,522
of which Trade receivables: -€3,439
- Tangible fixed assets -€927
down €927 (-47.4%), from €1,958 to €1,030
of which Other tangible fixed assets: -€557
- Stocks and contracts -€781
down €781 (-15.7%), from €4,980 to €4,200
- Trade debts -€5,270
down €5,270 (-62.7%), from €8,410 to €3,140
- Profit (loss) carried forward +€3,487
up €3,487 (+253.3%), from €1,377 to €4,864
- Tax, wage and social debts -€3,150
down €3,150 (-44.4%), from €7,093 to €3,944
of which Remuneration and social security: -€2,477
- Other debts -€1,617
down €1,617 (-77.0%), from €2,100 to €483
- Other operating charges -€3,225
down €3,225 (-79.4%), from €4,063 to €838
- Taxes -€1,574
down €1,574, from €787 to -€787
- Staff costs +€1,118
up €1,118 (+9.7%), from €11,582 to €12,701
- Gross operating margin -€778
down €778 (-3.8%), from €20,539 to €19,761
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 | €38,070 | €31,521 | -€6,549 | -17.2% |
| Fixed assets | 21/28 | €8,207 | €7,279 | -€927 | -11.3% |
| Tangible fixed assets | 22/27 | €1,958 | €1,030 | -€927 | -47.4% |
| Plant, machinery and equipment | 23 | €618 | €248 | -€371 | -59.9% |
| Other tangible fixed assets | 26 | €1,339 | €782 | -€557 | -41.6% |
| Financial fixed assets | 28 | €6,249 | €6,249 | = | 0.0% |
| Current assets | 29/58 | €29,864 | €24,242 | -€5,622 | -18.8% |
| Stocks and contracts in progress | 3 | €4,980 | €4,200 | -€781 | -15.7% |
| Stocks | 30/36 | €4,980 | €4,200 | -€781 | -15.7% |
| Amounts receivable within one year | 40/41 | €15,179 | €13,522 | -€1,657 | -10.9% |
| Trade receivables | 40 | €3,439 | - | -€3,439 | |
| Other amounts receivable | 41 | €11,740 | €13,522 | +€1,783 | +15.2% |
| Cash at bank and in hand | 54/58 | €8,674 | €5,444 | -€3,230 | -37.2% |
| Deferred charges and accrued income | 490/1 | €1,031 | €1,076 | +€45 | +4.3% |
| Total equity and liabilities | 10/49 | €38,070 | €31,521 | -€6,549 | -17.2% |
| Equity | 10/15 | €20,467 | €23,955 | +€3,487 | +17.0% |
| Contributions | 10/11 | €19,091 | €19,091 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,377 | €4,864 | +€3,487 | +253.3% |
| Amounts payable | 17/49 | €17,603 | €7,567 | -€10,037 | -57.0% |
| Amounts payable within one year | 42/48 | €17,603 | €7,567 | -€10,037 | -57.0% |
| Trade debts | 44 | €8,410 | €3,140 | -€5,270 | -62.7% |
| Suppliers | 440/4 | €8,410 | €3,140 | -€5,270 | -62.7% |
| Taxes, remuneration and social security | 45 | €7,093 | €3,944 | -€3,150 | -44.4% |
| Taxes | 450/3 | €3,440 | €2,767 | -€672 | -19.5% |
| Remuneration and social security | 454/9 | €3,654 | €1,176 | -€2,477 | -67.8% |
| Other amounts payable | 47/48 | €2,100 | €483 | -€1,617 | -77.0% |
| Remuneration, social security and pensions | 62 | €11,582 | €12,701 | +€1,118 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €927 | €927 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,063 | €838 | -€3,225 | -79.4% |
| Gross operating margin | 9900 | €20,539 | €19,761 | -€778 | -3.8% |
| Operating profit (loss) | 9901 | €3,966 | €5,295 | +€1,328 | +33.5% |
| Financial income | 75/76B | €22 | €1 | -€21 | -97.5% |
| Recurring financial income | 75 | €22 | €1 | -€21 | -97.5% |
| Financial charges | 65/66B | €2,453 | €2,595 | +€142 | +5.8% |
| Recurring financial charges | 65 | €2,453 | €2,595 | +€142 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €1,535 | €2,700 | +€1,165 | +75.9% |
| Income taxes | 67/77 | €787 | -€787 | -€1,574 | |
| Profit (loss) for the period | 9904 | €748 | €3,487 | +€2,739 | +366.0% |
| Profit (loss) for the period to be appropriated | 9905 | €748 | €3,487 | +€2,739 | +366.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.