ADOBEST: 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
ADOBEST
NACE 64.210, Activities of holding companies
financial year 2016 against 2017filed annual accounts (NBB)
Net result for the year
€1.8m
2016 · €806,448+€1.0m
Equity
€14.4m
2016 · €12.5m+€1.8m
Cash
€82,117
2016 · €34,237+€47,880
Balance sheet total
€24.6m
2016 · €24.1m+€552,793
Largest movements
Assets
- Receivables within one year +€504,865
up €504,865 (+66.8%), from €755,579 to €1.3m
Equity and liabilities
- Reserves +€1.8m
up €1.8m (+227.0%), from €806,448 to €2.6m
- Debts after one year -€1.5m
down €1.5m (-22.5%), from €6.8m to €5.2m
Income statement
- Turnover +€500,000
up €500,000 (+31.4%), from €1.6m to €2.1m
- Services and other goods -€227,929
no longer reported in 2017 (was €227,929)
- Taxes +€170,000
up €170,000 (+40.5%), from €420,000 to €590,000
From the 2016 result to the 2017 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 2016
€806,448
Turnover
+€500,000
Services and other goods
+€227,929
Other operating charges
+€695
Other operating items
-€261,227
Financial income
+€747,008
Financial charges
-€20,462
Taxes
-€170,000
Result 2017
€1.8m
Cash bridge derived
Derived from the 2016 and 2017 balance sheets and the 2017 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.6m
Investment
€0
Financing
-€1.5m
Cash 2016
€34,237
From operations (derived)
+€1.6m
Net result for the year
+€1.8m
Receivables within one year
-€504,865
Deferred charges and accrued income
+€32
Debts within one year
+€244,688
Accrued charges and deferred income
-€5,143
Financing
-€1.5m
Debts after one year
-€1.5m
Contributions, distributions and other
-€0
Not broken down
+€4,206
Cash 2017
€82,117
Every line side by side
| Line | Code | 2016 | 2017 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,086,848 | €24,639,641 | +€552,793 | +2.3% |
| Fixed assets | 21/28 | €23,297,000 | €23,297,000 | = | 0.0% |
| Financial fixed assets | 28 | €23,297,000 | €23,297,000 | = | 0.0% |
| Affiliated companies | 280/1 | €23,297,000 | - | -€23.3m | |
| Participating interests | 280 | €23,297,000 | - | -€23.3m | |
| Current assets | 29/58 | €789,848 | €1,342,641 | +€552,793 | +70.0% |
| Amounts receivable within one year | 40/41 | €755,579 | €1,260,444 | +€504,865 | +66.8% |
| Trade receivables | 40 | €750,000 | - | -€750,000 | |
| Other amounts receivable | 41 | €5,579 | - | -€5,579 | |
| Cash at bank and in hand | 54/58 | €34,237 | €82,117 | +€47,880 | +139.8% |
| Deferred charges and accrued income | 490/1 | €32 | - | -€32 | |
| Total equity and liabilities | 10/49 | €24,086,848 | €24,639,641 | +€552,793 | +2.3% |
| Equity | 10/15 | €12,521,448 | €14,351,839 | +€1.8m | +14.6% |
| Contributions | 10/11 | €11,715,000 | €11,715,000 | = | 0.0% |
| Capital | 10 | €11,715,000 | - | -€11.7m | |
| Issued capital | 100 | €11,715,000 | - | -€11.7m | |
| Reserves | 13 | €806,448 | €2,636,839 | +€1.8m | +227.0% |
| Legal reserve | 130 | €40,322 | - | -€40,322 | |
| Distributable reserves | 133 | €766,126 | - | -€766,126 | |
| Amounts payable | 17/49 | €11,565,400 | €10,287,802 | -€1.3m | -11.0% |
| Amounts payable after more than one year | 17 | €6,757,142 | €5,235,713 | -€1.5m | -22.5% |
| Financial debts | 170/4 | €6,757,142 | - | -€6.8m | |
| Credit institutions | 173 | €2,857,142 | - | -€2.9m | |
| Other loans | 174 | €3,900,000 | - | -€3.9m | |
| Amounts payable within one year | 42/48 | €4,803,115 | €5,047,803 | +€244,688 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €1,921,429 | - | -€1.9m | |
| Financial debts | 43 | €33,413 | - | -€33,413 | |
| Credit institutions | 430/8 | €33,413 | - | -€33,413 | |
| Trade debts | 44 | €128 | €281 | +€153 | +119.7% |
| Suppliers | 440/4 | €128 | - | -€128 | |
| Taxes, remuneration and social security | 45 | €353,948 | - | -€353,948 | |
| Taxes | 450/3 | €353,948 | - | -€353,948 | |
| Other amounts payable | 47/48 | €2,494,197 | - | -€2.5m | |
| Accrued charges and deferred income | 492/3 | €5,143 | - | -€5,143 | |
| Turnover | 70 | €1,590,000 | €2,090,000 | +€500,000 | +31.4% |
| Services and other goods | 61 | €227,929 | - | -€227,929 | |
| Other operating charges | 640/8 | €695 | - | -€695 | |
| Operating profit (loss) | 9901 | €1,361,376 | €1,828,773 | +€467,397 | +34.3% |
| Recurring financial income | 75 | - | €747,008 | +€747,008 | |
| Recurring financial charges | 65 | €134,928 | €155,390 | +€20,462 | +15.2% |
| Debt charges | 650 | €134,551 | €155,221 | +€20,670 | +15.4% |
| Other financial charges | 652/9 | €377 | - | -€377 | |
| Profit (loss) for the period before taxes | 9903 | €1,226,448 | €2,420,391 | +€1.2m | +97.3% |
| Income taxes | 67/77 | €420,000 | €590,000 | +€170,000 | +40.5% |
| Taxes | 670/3 | €420,000 | - | -€420,000 | |
| Profit (loss) for the period | 9904 | €806,448 | €1,830,391 | +€1.0m | +127.0% |
| Profit (loss) for the period to be appropriated | 9905 | €806,448 | €1,830,391 | +€1.0m | +127.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2016 and 31 December 2017. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.