ADICAR: 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.
ADICAR
Largest movements
- Receivables within one year +€15,769
up €15,769 (+172.6%), from €9,135 to €24,904
of which Trade receivables: +€14,834
- Cash +€1,923
up €1,923 (+177.9%), from €1,081 to €3,004
mainly Net result for the year (+€14,415) and Deferred charges and accrued income (+€1,499)
- Deferred charges and accrued income -€1,499
down €1,499 (-98.0%), from €1,529 to €30
- Tangible fixed assets -€737
down €737 (-100.0%), from €737 to €0
of which Furniture and vehicles: -€737
- Profit (loss) carried forward +€14,415
up €14,415 (+1.9%), from -€778,165 to -€763,750
- Other debts +€879
up €879 (+0.1%), from €592,784 to €593,663
- Tax, wage and social debts +€796
up €796 (+71.5%), from €1,113 to €1,910
- Trade debts -€635
down €635 (-84.7%), from €750 to €115
- Gross operating margin +€21,896
up €21,896, from -€5,916 to €15,980
- Financial income -€778
down €778 (-99.3%), from €783 to €6
- Depreciation -€777
down €777 (-100.0%), from €777 to €0
- Financial charges +€337
up €337 (+190.2%), from €177 to €514
- Other operating charges -€292
down €292 (-26.3%), from €1,111 to €820
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 | €12,483 | €27,938 | +€15,455 | +123.8% |
| Fixed assets | 21/28 | €737 | €0 | -€737 | -100.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €737 | €0 | -€737 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €737 | €0 | -€737 | -100.0% |
| Current assets | 29/58 | €11,745 | €27,938 | +€16,192 | +137.9% |
| Amounts receivable within one year | 40/41 | €9,135 | €24,904 | +€15,769 | +172.6% |
| Trade receivables | 40 | €8,667 | €23,501 | +€14,834 | +171.2% |
| Other amounts receivable | 41 | €468 | €1,403 | +€934 | +199.5% |
| Cash at bank and in hand | 54/58 | €1,081 | €3,004 | +€1,923 | +177.9% |
| Deferred charges and accrued income | 490/1 | €1,529 | €30 | -€1,499 | -98.0% |
| Total equity and liabilities | 10/49 | €12,483 | €27,938 | +€15,455 | +123.8% |
| Equity | 10/15 | -€582,165 | -€567,750 | +€14,415 | +2.5% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Capital | 10 | €110,000 | €110,000 | = | 0.0% |
| Issued capital | 100 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €86,000 | €86,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,000 | €11,000 | = | 0.0% |
| Legal reserve | 130 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€778,165 | -€763,750 | +€14,415 | +1.9% |
| Amounts payable | 17/49 | €594,648 | €595,688 | +€1,040 | +0.2% |
| Amounts payable within one year | 42/48 | €594,648 | €595,688 | +€1,040 | +0.2% |
| Trade debts | 44 | €750 | €115 | -€635 | -84.7% |
| Suppliers | 440/4 | €750 | €115 | -€635 | -84.7% |
| Taxes, remuneration and social security | 45 | €1,113 | €1,910 | +€796 | +71.5% |
| Taxes | 450/3 | €1,113 | €1,910 | +€796 | +71.5% |
| Other amounts payable | 47/48 | €592,784 | €593,663 | +€879 | +0.1% |
| Non-recurring operating income | 76A | €0 | €12,150 | +€12,150 | |
| Remuneration, social security and pensions | 62 | -€24 | €0 | +€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €777 | €0 | -€777 | -100.0% |
| Other operating charges | 640/8 | €1,111 | €820 | -€292 | -26.3% |
| Non-recurring operating charges | 66A | €69,478 | €237 | -€69,241 | -99.7% |
| Gross operating margin | 9900 | -€5,916 | €15,980 | +€21,896 | |
| Operating profit (loss) | 9901 | -€77,259 | €14,923 | +€92,182 | |
| Financial income | 75/76B | €783 | €6 | -€778 | -99.3% |
| Recurring financial income | 75 | €783 | €6 | -€778 | -99.3% |
| Financial charges | 65/66B | €177 | €514 | +€337 | +190.2% |
| Recurring financial charges | 65 | €177 | €514 | +€337 | +190.2% |
| Profit (loss) for the period before taxes | 9903 | -€76,652 | €14,415 | +€91,067 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€76,652 | €14,415 | +€91,067 | |
| Profit (loss) for the period to be appropriated | 9905 | -€76,652 | €14,415 | +€91,067 |
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 8 October 2026 via checked.be.