ADL DELFERIER: 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.
ADL DELFERIER
Largest movements
- Cash +€90,071
up €90,071 (+66.1%), from €136,265 to €226,336
mainly Net result for the year (+€64,375) and Receivables within one year (+€26,756)
- Receivables within one year -€26,756
down €26,756 (-65.4%), from €40,915 to €14,159
of which Trade receivables: -€23,306
- Tangible fixed assets -€4,293
down €4,293 (-31.5%), from €13,643 to €9,349
of which Plant, machinery and equipment: -€2,931
- Reserves +€65,000
up €65,000 (+186%), from €35,000 to €100,000
- Other debts +€14,421
up €14,421 (+14.4%), from €100,403 to €114,824
- Trade debts -€11,573
down €11,573 (-41.2%), from €28,117 to €16,544
- Tax, wage and social debts -€10,290
down €10,290 (-51.8%), from €19,873 to €9,583
of which Taxes: -€8,661
- Accrued charges and deferred income +€3,208
new in 2025: €3,208
- Staff costs -€64,659
down €64,659 (-34.4%), from €187,813 to €123,154
- Gross operating margin +€44,660
up €44,660 (+22.5%), from €198,426 to €243,087
- Financial charges -€20,218
down €20,218 (-34.4%), from €58,797 to €38,579
- Write-downs +€9,997
up €9,997, from -€1,908 to €8,089
- Taxes +€2,916
new in 2025: €2,916
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 | €192,418 | €252,558 | +€60,141 | +31.3% |
| Fixed assets | 21/28 | €13,643 | €9,349 | -€4,293 | -31.5% |
| Tangible fixed assets | 22/27 | €13,643 | €9,349 | -€4,293 | -31.5% |
| Plant, machinery and equipment | 23 | €3,791 | €860 | -€2,931 | -77.3% |
| Furniture and vehicles | 24 | - | €758 | +€758 | |
| Other tangible fixed assets | 26 | €9,852 | €7,732 | -€2,120 | -21.5% |
| Current assets | 29/58 | €178,775 | €243,209 | +€64,434 | +36.0% |
| Amounts receivable within one year | 40/41 | €40,915 | €14,159 | -€26,756 | -65.4% |
| Trade receivables | 40 | €30,455 | €7,149 | -€23,306 | -76.5% |
| Other amounts receivable | 41 | €10,460 | €7,010 | -€3,450 | -33.0% |
| Cash at bank and in hand | 54/58 | €136,265 | €226,336 | +€90,071 | +66.1% |
| Deferred charges and accrued income | 490/1 | €1,595 | €2,714 | +€1,119 | +70.1% |
| Total equity and liabilities | 10/49 | €192,418 | €252,558 | +€60,141 | +31.3% |
| Equity | 10/15 | €44,025 | €108,400 | +€64,375 | +146% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,000 | €100,000 | +€65,000 | +186% |
| Distributable reserves | 133 | €35,000 | €100,000 | +€65,000 | +186% |
| Profit (loss) carried forward | 14 | €2,825 | €2,200 | -€625 | -22.1% |
| Amounts payable | 17/49 | €148,393 | €144,158 | -€4,234 | -2.9% |
| Amounts payable within one year | 42/48 | €148,393 | €140,950 | -€7,442 | -5.0% |
| Trade debts | 44 | €28,117 | €16,544 | -€11,573 | -41.2% |
| Suppliers | 440/4 | €28,117 | €16,544 | -€11,573 | -41.2% |
| Taxes, remuneration and social security | 45 | €19,873 | €9,583 | -€10,290 | -51.8% |
| Taxes | 450/3 | €18,244 | €9,583 | -€8,661 | -47.5% |
| Remuneration and social security | 454/9 | €1,630 | - | -€1,630 | |
| Other amounts payable | 47/48 | €100,403 | €114,824 | +€14,421 | +14.4% |
| Accrued charges and deferred income | 492/3 | - | €3,208 | +€3,208 | |
| Remuneration, social security and pensions | 62 | €187,813 | €123,154 | -€64,659 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,539 | €6,417 | +€1,878 | +41.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,908 | €8,089 | +€9,997 | |
| Other operating charges | 640/8 | €827 | €446 | -€381 | -46.0% |
| Non-recurring operating charges | 66A | €63 | €466 | +€403 | +639% |
| Gross operating margin | 9900 | €198,426 | €243,087 | +€44,660 | +22.5% |
| Operating profit (loss) | 9901 | €7,092 | €104,515 | +€97,423 | +1,374% |
| Financial income | 75/76B | €120 | €1,356 | +€1,236 | +1,029% |
| Recurring financial income | 75 | €120 | €1,356 | +€1,236 | +1,029% |
| Financial charges | 65/66B | €58,797 | €38,579 | -€20,218 | -34.4% |
| Recurring financial charges | 65 | €58,797 | €38,579 | -€20,218 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | -€51,585 | €67,291 | +€118,876 | |
| Income taxes | 67/77 | - | €2,916 | +€2,916 | |
| Profit (loss) for the period | 9904 | -€51,585 | €64,375 | +€115,960 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,585 | €64,375 | +€115,960 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.