ADLISA: what changed
Two fiscal 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.
ADLISA
Largest movements
- Tangible fixed assets +€330,399
up €330,399 (+84.9%), from €389,269 to €719,668
of which Land and buildings: +€345,585
- Cash -€42,533
down €42,533 (-34.7%), from €122,404 to €79,871
mainly Investment in fixed assets (net) (-€361,554) and Contributions, distributions and other (-€100,000)
- Intangible fixed assets -€19,000
down €19,000 (-19.7%), from €96,583 to €77,583
- Debts after one year +€219,958
up €219,958 (+59.6%), from €369,114 to €589,072
- Other debts +€37,721
up €37,721 (+27.3%), from €138,399 to €176,120
- Current portion of long-term debt +€35,869
up €35,869 (+125.8%), from €28,507 to €64,376
- Profit (loss) carried forward -€22,794
down €22,794 (-21.0%), from €108,671 to €85,877
- Depreciation +€17,860
up €17,860 (+55.3%), from €32,295 to €50,155
- Gross operating margin -€11,041
down €11,041 (-6.1%), from €181,611 to €170,570
- Taxes -€9,404
down €9,404 (-30.2%), from €31,111 to €21,707
- Financial charges +€6,926
up €6,926 (+54.5%), from €12,714 to €19,640
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €660,525 | €929,195 | +€268,670 | +40.7% |
| Fixed assets | 21/28 | €486,084 | €797,483 | +€311,399 | +64.1% |
| Intangible fixed assets | 21 | €96,583 | €77,583 | -€19,000 | -19.7% |
| Tangible fixed assets | 22/27 | €389,269 | €719,668 | +€330,399 | +84.9% |
| Land and buildings | 22 | €317,326 | €662,911 | +€345,585 | +108.9% |
| Plant, machinery and equipment | 23 | €4,637 | €3,952 | -€686 | -14.8% |
| Furniture and vehicles | 24 | €65,443 | €51,177 | -€14,266 | -21.8% |
| Other tangible fixed assets | 26 | €1,863 | €1,629 | -€234 | -12.6% |
| Financial fixed assets | 28 | €232 | €232 | = | 0.0% |
| Current assets | 29/58 | €174,441 | €131,712 | -€42,729 | -24.5% |
| Amounts receivable within one year | 40/41 | €4,739 | €5,283 | +€543 | +11.5% |
| Other amounts receivable | 41 | €4,739 | €5,283 | +€543 | +11.5% |
| Cash at bank and in hand | 54/58 | €122,404 | €79,871 | -€42,533 | -34.7% |
| Deferred charges and accrued income | 490/1 | €47,298 | €46,559 | -€739 | -1.6% |
| Total equity and liabilities | 10/49 | €660,525 | €929,195 | +€268,670 | +40.7% |
| Equity | 10/15 | €111,671 | €88,877 | -€22,794 | -20.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,671 | €85,877 | -€22,794 | -21.0% |
| Amounts payable | 17/49 | €548,854 | €840,318 | +€291,464 | +53.1% |
| Amounts payable after more than one year | 17 | €369,114 | €589,072 | +€219,958 | +59.6% |
| Financial debts | 170/4 | €369,114 | €589,072 | +€219,958 | +59.6% |
| Amounts payable within one year | 42/48 | €179,740 | €251,246 | +€71,506 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €28,507 | €64,376 | +€35,869 | +125.8% |
| Trade debts | 44 | €3,874 | €1,745 | -€2,129 | -55.0% |
| Suppliers | 440/4 | €3,874 | €1,745 | -€2,129 | -55.0% |
| Taxes, remuneration and social security | 45 | €8,960 | €9,005 | +€45 | +0.5% |
| Taxes | 450/3 | €6,361 | €6,361 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,599 | €2,644 | +€45 | +1.7% |
| Other amounts payable | 47/48 | €138,399 | €176,120 | +€37,721 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,295 | €50,155 | +€17,860 | +55.3% |
| Other operating charges | 640/8 | €1,825 | €1,863 | +€37 | +2.0% |
| Gross operating margin | 9900 | €181,611 | €170,570 | -€11,041 | -6.1% |
| Operating profit (loss) | 9901 | €147,490 | €118,553 | -€28,938 | -19.6% |
| Financial income | 75/76B | €902 | - | -€902 | |
| Recurring financial income | 75 | €902 | - | -€902 | |
| Financial charges | 65/66B | €12,714 | €19,640 | +€6,926 | +54.5% |
| Recurring financial charges | 65 | €12,714 | €19,640 | +€6,926 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €135,678 | €98,913 | -€36,765 | -27.1% |
| Income taxes | 67/77 | €31,111 | €21,707 | -€9,404 | -30.2% |
| Profit (loss) for the period | 9904 | €104,567 | €77,206 | -€27,361 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,567 | €77,206 | -€27,361 | -26.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.