ADIEUVARE: 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.
ADIEUVARE
Largest movements
- Receivables within one year +€14,831
up €14,831 (+235%), from €6,317 to €21,148
- Cash -€7,139
down €7,139 (-50.4%), from €14,167 to €7,028
mainly Receivables within one year (-€14,831) and Investment in fixed assets (net) (-€1,468)
- Tangible fixed assets +€1,087
new in 2025: €1,087
- Formation expenses -€766
down €766 (-22.4%), from €3,411 to €2,646
- Profit (loss) carried forward +€3,846
up €3,846 (+34.1%), from -€11,283 to -€7,437
- Trade debts +€2,050
up €2,050 (+500%), from €410 to €2,459
- Tax, wage and social debts +€2,041
up €2,041 (+16.0%), from €12,715 to €14,755
of which Taxes: +€1,324
- Gross operating margin +€51,046
up €51,046 (+216%), from €23,601 to €74,646
- Staff costs +€35,064
up €35,064 (+103%), from €34,048 to €69,112
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 | €24,158 | €32,382 | +€8,224 | +34.0% |
| Formation expenses | 20 | €3,411 | €2,646 | -€766 | -22.4% |
| Fixed assets | 21/28 | - | €1,087 | +€1,087 | |
| Tangible fixed assets | 22/27 | - | €1,087 | +€1,087 | |
| Furniture and vehicles | 24 | - | €1,087 | +€1,087 | |
| Current assets | 29/58 | €20,746 | €28,650 | +€7,903 | +38.1% |
| Amounts receivable within one year | 40/41 | €6,317 | €21,148 | +€14,831 | +235% |
| Trade receivables | 40 | €6,317 | €21,148 | +€14,831 | +235% |
| Cash at bank and in hand | 54/58 | €14,167 | €7,028 | -€7,139 | -50.4% |
| Deferred charges and accrued income | 490/1 | €262 | €474 | +€212 | +80.8% |
| Total equity and liabilities | 10/49 | €24,158 | €32,382 | +€8,224 | +34.0% |
| Equity | 10/15 | -€5,282 | -€1,436 | +€3,846 | +72.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,283 | -€7,437 | +€3,846 | +34.1% |
| Amounts payable | 17/49 | €29,440 | €33,818 | +€4,379 | +14.9% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,124 | €17,436 | +€4,312 | +32.9% |
| Trade debts | 44 | €410 | €2,459 | +€2,050 | +500% |
| Suppliers | 440/4 | €410 | €2,459 | +€2,050 | +500% |
| Taxes, remuneration and social security | 45 | €12,715 | €14,755 | +€2,041 | +16.0% |
| Taxes | 450/3 | €3,676 | €5,000 | +€1,324 | +36.0% |
| Remuneration and social security | 454/9 | €9,038 | €9,755 | +€717 | +7.9% |
| Other amounts payable | 47/48 | - | €221 | +€221 | |
| Accrued charges and deferred income | 492/3 | €1,316 | €1,383 | +€67 | +5.1% |
| Remuneration, social security and pensions | 62 | €34,048 | €69,112 | +€35,064 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417 | €1,147 | +€731 | +175% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €23,601 | €74,646 | +€51,046 | +216% |
| Operating profit (loss) | 9901 | -€11,249 | €4,000 | +€15,248 | |
| Financial charges | 65/66B | €34 | €154 | +€120 | +354% |
| Recurring financial charges | 65 | €34 | €154 | +€120 | +354% |
| Profit (loss) for the period before taxes | 9903 | -€11,283 | €3,846 | +€15,129 | |
| Profit (loss) for the period | 9904 | -€11,283 | €3,846 | +€15,129 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,283 | €3,846 | +€15,129 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.