ADP WAVRE: 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
ADP WAVRE
NACE 10.820, Manufacture of cocoa, chocolate and sugar confectionery
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€20,120
2024 · €10,179+€9,941
Equity
€310,380
2024 · €290,260+€20,120
Cash
€37,308
2024 · €45,057-€7,749
Balance sheet total
€810,240
2024 · €829,764-€19,524
Largest movements
Assets
- Tangible fixed assets -€66,930
down €66,930 (-9.5%), from €703,377 to €636,447
- Receivables within one year +€44,668
up €44,668 (+181.4%), from €24,624 to €69,292
of which Other amounts receivable: +€42,668
Equity and liabilities
- Debts after one year -€70,139
down €70,139 (-17.9%), from €392,669 to €322,530
- Trade debts +€26,051
up €26,051 (+57.7%), from €45,117 to €71,168
- Profit (loss) carried forward +€20,120
up €20,120 (+8.5%), from €235,723 to €255,843
Income statement
- Staff costs +€47,108
up €47,108 (+35.3%), from €133,293 to €180,401
- Gross operating margin +€21,551
up €21,551 (+7.8%), from €275,821 to €297,372
- Taxes -€21,075
down €21,075, from €17,748 to -€3,327
- Depreciation -€13,634
down €13,634 (-15.9%), from €85,816 to €72,182
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
€10,179
Gross operating margin
+€21,551
Staff costs
-€47,108
Depreciation
+€13,634
Other operating charges
-€594
Other operating items
+€975
Financial income
+€22
Financial charges
+€386
Taxes
+€21,075
Result 2025
€20,120
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
+€59,910
Investment
-€4,847
Financing
-€62,812
Cash 2024
€45,057
From operations (derived)
+€59,910
Net result for the year
+€20,120
Depreciation
+€72,182
Stocks and contracts
-€7,546
Receivables within one year
-€44,668
Deferred charges and accrued income
-€3,346
Trade debts
+€26,051
Tax, wage and social debts
-€4,133
Other debts
+€1,250
Investment (derived)
-€4,847
Investment in fixed assets (net)
-€4,847
Financing
-€62,812
Debts after one year
-€70,139
Current portion of long-term debt
+€7,327
Cash 2025
€37,308
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €829,764 | €810,240 | -€19,524 | -2.4% |
| Formation expenses | 20 | €3,242 | €2,837 | -€405 | -12.5% |
| Fixed assets | 21/28 | €703,699 | €636,769 | -€66,930 | -9.5% |
| Tangible fixed assets | 22/27 | €703,377 | €636,447 | -€66,930 | -9.5% |
| Land and buildings | 22 | €494,650 | €475,845 | -€18,805 | -3.8% |
| Plant, machinery and equipment | 23 | €32,244 | €20,127 | -€12,117 | -37.6% |
| Furniture and vehicles | 24 | €1,591 | €3,499 | +€1,908 | +119.9% |
| Leasing and similar rights | 25 | €31,496 | €23,622 | -€7,874 | -25.0% |
| Other tangible fixed assets | 26 | €143,396 | €113,354 | -€30,042 | -21.0% |
| Financial fixed assets | 28 | €322 | €322 | = | 0.0% |
| Current assets | 29/58 | €122,823 | €170,634 | +€47,811 | +38.9% |
| Stocks and contracts in progress | 3 | €51,107 | €58,653 | +€7,546 | +14.8% |
| Stocks | 30/36 | €51,107 | €58,653 | +€7,546 | +14.8% |
| Amounts receivable within one year | 40/41 | €24,624 | €69,292 | +€44,668 | +181.4% |
| Trade receivables | 40 | €10,569 | €12,569 | +€2,000 | +18.9% |
| Other amounts receivable | 41 | €14,055 | €56,723 | +€42,668 | +303.6% |
| Cash at bank and in hand | 54/58 | €45,057 | €37,308 | -€7,749 | -17.2% |
| Deferred charges and accrued income | 490/1 | €2,035 | €5,381 | +€3,346 | +164.4% |
| Total equity and liabilities | 10/49 | €829,764 | €810,240 | -€19,524 | -2.4% |
| Equity | 10/15 | €290,260 | €310,380 | +€20,120 | +6.9% |
| Contributions | 10/11 | €54,537 | €54,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,723 | €255,843 | +€20,120 | +8.5% |
| Amounts payable | 17/49 | €539,504 | €499,860 | -€39,644 | -7.3% |
| Amounts payable after more than one year | 17 | €392,669 | €322,530 | -€70,139 | -17.9% |
| Financial debts | 170/4 | €392,669 | €322,530 | -€70,139 | -17.9% |
| Amounts payable within one year | 42/48 | €146,835 | €177,330 | +€30,495 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €82,032 | €89,359 | +€7,327 | +8.9% |
| Trade debts | 44 | €45,117 | €71,168 | +€26,051 | +57.7% |
| Suppliers | 440/4 | €45,117 | €71,168 | +€26,051 | +57.7% |
| Taxes, remuneration and social security | 45 | €19,686 | €15,553 | -€4,133 | -21.0% |
| Taxes | 450/3 | €956 | - | -€956 | |
| Remuneration and social security | 454/9 | €18,730 | €15,553 | -€3,177 | -17.0% |
| Other amounts payable | 47/48 | - | €1,250 | +€1,250 | |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €133,293 | €180,401 | +€47,108 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,816 | €72,182 | -€13,634 | -15.9% |
| Other operating charges | 640/8 | €9,261 | €9,855 | +€594 | +6.4% |
| Non-recurring operating charges | 66A | €1,605 | €630 | -€975 | -60.7% |
| Gross operating margin | 9900 | €275,821 | €297,372 | +€21,551 | +7.8% |
| Operating profit (loss) | 9901 | €45,846 | €34,304 | -€11,542 | -25.2% |
| Financial income | 75/76B | €8 | €30 | +€22 | +275.0% |
| Recurring financial income | 75 | €8 | €30 | +€22 | +275.0% |
| Financial charges | 65/66B | €17,927 | €17,541 | -€386 | -2.2% |
| Recurring financial charges | 65 | €17,927 | €17,541 | -€386 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €27,927 | €16,793 | -€11,134 | -39.9% |
| Income taxes | 67/77 | €17,748 | -€3,327 | -€21,075 | |
| Profit (loss) for the period | 9904 | €10,179 | €20,120 | +€9,941 | +97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,179 | €20,120 | +€9,941 | +97.7% |
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 12 October 2026 via checked.be.