ADIFA: 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.
What changed
ADIFA
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€13,915
2024 · €482,161-€496,076
Equity
€2.7m
2024 · €2.7m-€13,915
Cash
€185,353
2024 · €61,090+€124,263
Balance sheet total
€4.2m
2024 · €4.5m-€338,412
Largest movements
Assets
- Current investments -€500,267
down €500,267 (-71.5%), from €700,000 to €199,733
- Cash +€124,263
up €124,263 (+203.4%), from €61,090 to €185,353
mainly Current investments (+€500,267) and Depreciation (+€178,247)
Equity and liabilities
- Debts after one year -€200,000
down €200,000 (-37.5%), from €533,334 to €333,334
- Other debts -€90,466
down €90,466 (-9.3%), from €976,223 to €885,757
Income statement
- Gross operating margin -€1.3m
down €1.3m (-83.3%), from €1.6m to €261,121
- Staff costs -€450,315
down €450,315 (-100.0%), from €450,315 to €0
- Taxes -€225,573
down €225,573 (-99.9%), from €225,734 to €161
- Depreciation -€210,118
down €210,118 (-54.1%), from €388,364 to €178,247
- Financial income -€177,825
down €177,825 (-91.3%), from €194,813 to €16,988
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.
Result 2024
€482,161
Gross operating margin
-€1.3m
Staff costs
+€450,315
Depreciation
+€210,118
Other operating charges
+€15,155
Financial income
-€177,825
Financial charges
+€85,961
Taxes
+€225,573
Result 2025
-€13,915
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.
From operations
+€37,984
Investment
+€313,761
Financing
-€227,482
Cash 2024
€61,090
From operations (derived)
+€37,984
Net result for the year
-€13,915
Depreciation
+€178,247
Receivables within one year
-€28,050
Deferred charges and accrued income
-€1,283
Trade debts
-€4,415
Tax, wage and social debts
-€10,132
Other debts
-€90,466
Accrued charges and deferred income
+€7,997
Investment (derived)
+€313,761
Investment in fixed assets (net)
-€186,507
Current investments
+€500,267
Financing
-€227,482
Debts after one year
-€200,000
Current portion of long-term debt
-€27,482
Cash 2025
€185,353
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,538,375 | €4,199,963 | -€338,412 | -7.5% |
| Fixed assets | 21/28 | €3,752,939 | €3,761,199 | +€8,260 | +0.2% |
| Tangible fixed assets | 22/27 | €3,752,934 | €3,761,199 | +€8,265 | +0.2% |
| Land and buildings | 22 | €3,748,261 | €3,761,199 | +€12,938 | +0.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,673 | €0 | -€4,673 | -100.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €5 | €0 | -€5 | -100.0% |
| Current assets | 29/58 | €785,436 | €438,764 | -€346,672 | -44.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €21,564 | €49,614 | +€28,050 | +130.1% |
| Trade receivables | 40 | €17,928 | €22,375 | +€4,447 | +24.8% |
| Other amounts receivable | 41 | €3,636 | €27,239 | +€23,603 | +649.1% |
| Current investments | 50/53 | €700,000 | €199,733 | -€500,267 | -71.5% |
| Cash at bank and in hand | 54/58 | €61,090 | €185,353 | +€124,263 | +203.4% |
| Deferred charges and accrued income | 490/1 | €2,781 | €4,064 | +€1,283 | +46.1% |
| Total equity and liabilities | 10/49 | €4,538,375 | €4,199,963 | -€338,412 | -7.5% |
| Equity | 10/15 | €2,702,651 | €2,688,736 | -€13,915 | -0.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €552,161 | €552,161 | = | 0.0% |
| Non-distributable reserves | 130/1 | €70,000 | €70,000 | = | 0.0% |
| Legal reserve | 130 | €70,000 | €70,000 | = | 0.0% |
| Distributable reserves | 133 | €482,161 | €482,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,900,490 | €1,886,575 | -€13,915 | -0.7% |
| Amounts payable | 17/49 | €1,835,724 | €1,511,227 | -€324,497 | -17.7% |
| Amounts payable after more than one year | 17 | €533,334 | €333,334 | -€200,000 | -37.5% |
| Financial debts | 170/4 | €533,334 | €333,334 | -€200,000 | -37.5% |
| Amounts payable within one year | 42/48 | €1,245,493 | €1,112,999 | -€132,494 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €227,482 | €200,000 | -€27,482 | -12.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €13,712 | €9,297 | -€4,415 | -32.2% |
| Suppliers | 440/4 | €13,712 | €9,297 | -€4,415 | -32.2% |
| Taxes, remuneration and social security | 45 | €28,077 | €17,944 | -€10,132 | -36.1% |
| Taxes | 450/3 | €28,077 | €16,216 | -€11,860 | -42.2% |
| Remuneration and social security | 454/9 | €0 | €1,728 | +€1,728 | |
| Other amounts payable | 47/48 | €976,223 | €885,757 | -€90,466 | -9.3% |
| Accrued charges and deferred income | 492/3 | €56,897 | €64,894 | +€7,997 | +14.1% |
| Non-recurring operating income | 76A | €44,155 | €1,662 | -€42,493 | -96.2% |
| Remuneration, social security and pensions | 62 | €450,315 | €0 | -€450,315 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388,364 | €178,247 | -€210,118 | -54.1% |
| Other operating charges | 640/8 | €47,037 | €31,882 | -€15,155 | -32.2% |
| Gross operating margin | 9900 | €1,566,496 | €261,121 | -€1.3m | -83.3% |
| Operating profit (loss) | 9901 | €680,779 | €50,993 | -€629,786 | -92.5% |
| Financial income | 75/76B | €194,813 | €16,988 | -€177,825 | -91.3% |
| Recurring financial income | 75 | €194,813 | €16,988 | -€177,825 | -91.3% |
| Financial charges | 65/66B | €167,696 | €81,735 | -€85,961 | -51.3% |
| Recurring financial charges | 65 | €167,696 | €81,735 | -€85,961 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €707,896 | -€13,754 | -€721,650 | |
| Income taxes | 67/77 | €225,734 | €161 | -€225,573 | -99.9% |
| Profit (loss) for the period | 9904 | €482,161 | -€13,915 | -€496,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €482,161 | -€13,915 | -€496,076 |
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 11 October 2026 via checked.be.