Adjuvent & Co.: 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.
Adjuvent & Co.
Largest movements
- Receivables within one year +€16,255
up €16,255 (+248%), from €6,551 to €22,807
of which Other amounts receivable: +€11,846
- Cash -€2,196
down €2,196 (-53.4%), from €4,112 to €1,916
mainly Receivables within one year (-€16,255) and Tax, wage and social debts (-€6,427)
- Profit (loss) carried forward +€14,124
up €14,124 (+22.4%), from -€63,137 to -€49,013
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Tax, wage and social debts -€6,427
down €6,427 (-33.2%), from €19,361 to €12,934
of which Taxes: -€6,306
- Other debts -€4,880
down €4,880 (-100%), from €4,880 to €0
- Current portion of long-term debt -€4,651
down €4,651 (-64.8%), from €7,182 to €2,530
- Gross operating margin +€10,152
up €10,152 (+91.2%), from €11,130 to €21,282
- Taxes +€2,341
up €2,341 (+1,009%), from €232 to €2,573
- Financial charges +€1,401
up €1,401 (+41.4%), from €3,386 to €4,787
- Depreciation -€812
down €812 (-100%), from €812 to €0
- Financial income -€555
down €555 (-59.7%), from €931 to €376
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 | €10,663 | €24,723 | +€14,060 | +132% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €10,663 | €24,723 | +€14,060 | +132% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €6,551 | €22,807 | +€16,255 | +248% |
| Trade receivables | 40 | €6,551 | €10,961 | +€4,409 | +67.3% |
| Other amounts receivable | 41 | - | €11,846 | +€11,846 | |
| Cash at bank and in hand | 54/58 | €4,112 | €1,916 | -€2,196 | -53.4% |
| Total equity and liabilities | 10/49 | €10,663 | €24,723 | +€14,060 | +132% |
| Equity | 10/15 | -€56,937 | -€30,413 | +€26,524 | +46.6% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Profit (loss) carried forward | 14 | -€63,137 | -€49,013 | +€14,124 | +22.4% |
| Amounts payable | 17/49 | €67,600 | €55,136 | -€12,465 | -18.4% |
| Amounts payable after more than one year | 17 | €29,819 | €31,877 | +€2,058 | +6.9% |
| Financial debts | 170/4 | €1,530 | €0 | -€1,530 | -100% |
| Other amounts payable | 178/9 | €28,289 | €31,877 | +€3,589 | +12.7% |
| Amounts payable within one year | 42/48 | €37,781 | €23,259 | -€14,523 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €7,182 | €2,530 | -€4,651 | -64.8% |
| Financial debts | 43 | €4,888 | €4,934 | +€46 | +1.0% |
| Credit institutions | 430/8 | €4,888 | €4,934 | +€46 | +1.0% |
| Trade debts | 44 | €1,471 | €2,860 | +€1,389 | +94.5% |
| Suppliers | 440/4 | €1,471 | €2,860 | +€1,389 | +94.5% |
| Taxes, remuneration and social security | 45 | €19,361 | €12,934 | -€6,427 | -33.2% |
| Taxes | 450/3 | €16,501 | €10,195 | -€6,306 | -38.2% |
| Remuneration and social security | 454/9 | €2,860 | €2,739 | -€121 | -4.2% |
| Other amounts payable | 47/48 | €4,880 | €0 | -€4,880 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €812 | €0 | -€812 | -100% |
| Other operating charges | 640/8 | €64 | €173 | +€109 | +171% |
| Gross operating margin | 9900 | €11,130 | €21,282 | +€10,152 | +91.2% |
| Operating profit (loss) | 9901 | €10,255 | €21,109 | +€10,854 | +106% |
| Financial income | 75/76B | €931 | €376 | -€555 | -59.7% |
| Recurring financial income | 75 | €931 | €376 | -€555 | -59.7% |
| Financial charges | 65/66B | €3,386 | €4,787 | +€1,401 | +41.4% |
| Recurring financial charges | 65 | €3,386 | €4,787 | +€1,401 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €7,799 | €16,697 | +€8,898 | +114% |
| Income taxes | 67/77 | €232 | €2,573 | +€2,341 | +1,009% |
| Profit (loss) for the period | 9904 | €7,567 | €14,124 | +€6,557 | +86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,567 | €14,124 | +€6,557 | +86.7% |
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 17 October 2026 via checked.be.