ADIDEN FINANCES: 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.
ADIDEN FINANCES
Largest movements
- Tangible fixed assets +€667,435
up €667,435 (+307%), from €217,420 to €884,856
of which Land and buildings: +€602,408
- Cash -€104,005
down €104,005 (-84.1%), from €123,719 to €19,713
mainly Investment in fixed assets (net) (-€770,020) and Contributions, distributions and other (-€12,250)
- Debts after one year +€519,577
up €519,577 (+345%), from €150,499 to €670,076
- Profit (loss) carried forward +€30,048
up €30,048 (+22.1%), from €135,820 to €165,868
- Current portion of long-term debt +€18,857
up €18,857 (+163%), from €11,566 to €30,423
- Depreciation +€95,115
up €95,115 (+1,273%), from €7,470 to €102,585
- Staff costs +€37,721
up €37,721 (+80.0%), from €47,151 to €84,871
- Taxes -€32,443
down €32,443 (-63.7%), from €50,932 to €18,489
- Gross operating margin +€13,121
up €13,121 (+5.4%), from €244,947 to €258,068
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 | €391,770 | €963,249 | +€571,479 | +146% |
| Fixed assets | 21/28 | €217,420 | €884,856 | +€667,435 | +307% |
| Tangible fixed assets | 22/27 | €217,420 | €884,856 | +€667,435 | +307% |
| Land and buildings | 22 | €201,231 | €803,639 | +€602,408 | +299% |
| Plant, machinery and equipment | 23 | €12,300 | €27,706 | +€15,406 | +125% |
| Furniture and vehicles | 24 | €2,420 | €37,468 | +€35,048 | +1,448% |
| Other tangible fixed assets | 26 | €1,469 | €16,043 | +€14,574 | +992% |
| Current assets | 29/58 | €174,350 | €78,394 | -€95,956 | -55.0% |
| Amounts receivable within one year | 40/41 | €50,631 | €58,680 | +€8,049 | +15.9% |
| Trade receivables | 40 | €50,631 | €41,587 | -€9,044 | -17.9% |
| Other amounts receivable | 41 | - | €17,093 | +€17,093 | |
| Cash at bank and in hand | 54/58 | €123,719 | €19,713 | -€104,005 | -84.1% |
| Total equity and liabilities | 10/49 | €391,770 | €963,249 | +€571,479 | +146% |
| Equity | 10/15 | €138,320 | €168,368 | +€30,048 | +21.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,820 | €165,868 | +€30,048 | +22.1% |
| Amounts payable | 17/49 | €253,450 | €794,882 | +€541,431 | +214% |
| Amounts payable after more than one year | 17 | €150,499 | €670,076 | +€519,577 | +345% |
| Financial debts | 170/4 | €150,499 | €670,076 | +€519,577 | +345% |
| Amounts payable within one year | 42/48 | €102,952 | €124,806 | +€21,854 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €11,566 | €30,423 | +€18,857 | +163% |
| Trade debts | 44 | €2,818 | €12,097 | +€9,278 | +329% |
| Suppliers | 440/4 | €2,818 | €12,097 | +€9,278 | +329% |
| Taxes, remuneration and social security | 45 | €36,294 | €32,607 | -€3,686 | -10.2% |
| Taxes | 450/3 | €22,074 | €19,705 | -€2,369 | -10.7% |
| Remuneration and social security | 454/9 | €14,220 | €12,902 | -€1,318 | -9.3% |
| Other amounts payable | 47/48 | €52,274 | €49,679 | -€2,595 | -5.0% |
| Remuneration, social security and pensions | 62 | €47,151 | €84,871 | +€37,721 | +80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,470 | €102,585 | +€95,115 | +1,273% |
| Other operating charges | 640/8 | €3,224 | €5,531 | +€2,306 | +71.5% |
| Gross operating margin | 9900 | €244,947 | €258,068 | +€13,121 | +5.4% |
| Operating profit (loss) | 9901 | €187,103 | €65,081 | -€122,021 | -65.2% |
| Financial income | 75/76B | - | €59 | +€59 | |
| Recurring financial income | 75 | - | €59 | +€59 | |
| Financial charges | 65/66B | €3,488 | €4,353 | +€865 | +24.8% |
| Recurring financial charges | 65 | €3,488 | €4,353 | +€865 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €183,614 | €60,787 | -€122,828 | -66.9% |
| Income taxes | 67/77 | €50,932 | €18,489 | -€32,443 | -63.7% |
| Profit (loss) for the period | 9904 | €132,682 | €42,298 | -€90,384 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €132,682 | €42,298 | -€90,384 | -68.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.