ADYCE: 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.
ADYCE
Largest movements
- Cash +€14,037
up €14,037 (+13,317%), from €105 to €14,142
mainly Debts after one year (+€32,250) and Depreciation (+€26,261)
- Debts after one year +€32,250
up €32,250 (+8.1%), from €398,750 to €431,000
of which Financial debts: +€431,000
- Reserves -€15,609
down €15,609 (-3.8%), from €414,082 to €398,473
of which Tax-exempt reserves: -€10,142
- Gross operating margin +€9,677
up €9,677, from -€363 to €9,315
- Financial income -€6,882
no longer reported in 2025 (was €6,882)
- Financial charges -€1,884
down €1,884 (-58.7%), from €3,208 to €1,324
- Depreciation +€811
up €811 (+3.2%), from €25,450 to €26,261
- Other operating charges +€268
up €268 (+59.5%), from €451 to €719
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 | €942,227 | €955,856 | +€13,629 | +1.4% |
| Fixed assets | 21/28 | €939,251 | €939,764 | +€512 | +0.1% |
| Tangible fixed assets | 22/27 | €939,251 | €939,764 | +€512 | +0.1% |
| Land and buildings | 22 | €939,251 | €939,764 | +€512 | +0.1% |
| Current assets | 29/58 | €2,976 | €16,093 | +€13,117 | +441% |
| Amounts receivable after more than one year | 29 | €2,870 | - | -€2,870 | |
| Other amounts receivable | 291 | €2,870 | - | -€2,870 | |
| Amounts receivable within one year | 40/41 | - | €1,836 | +€1,836 | |
| Other amounts receivable | 41 | - | €1,836 | +€1,836 | |
| Cash at bank and in hand | 54/58 | €105 | €14,142 | +€14,037 | +13,317% |
| Deferred charges and accrued income | 490/1 | - | €115 | +€115 | |
| Total equity and liabilities | 10/49 | €942,227 | €955,856 | +€13,629 | +1.4% |
| Equity | 10/15 | €432,674 | €417,065 | -€15,609 | -3.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €414,082 | €398,473 | -€15,609 | -3.8% |
| Tax-exempt reserves | 132 | €323,072 | €312,930 | -€10,142 | -3.1% |
| Distributable reserves | 133 | €91,009 | €85,542 | -€5,467 | -6.0% |
| Provisions and deferred taxes | 16 | €107,691 | €104,310 | -€3,381 | -3.1% |
| Deferred taxes | 168 | €107,691 | €104,310 | -€3,381 | -3.1% |
| Amounts payable | 17/49 | €401,863 | €434,482 | +€32,619 | +8.1% |
| Amounts payable after more than one year | 17 | €398,750 | €431,000 | +€32,250 | +8.1% |
| Financial debts | 170/4 | - | €431,000 | +€431,000 | |
| Other amounts payable | 178/9 | €398,750 | - | -€398,750 | |
| Accrued charges and deferred income | 492/3 | €3,113 | €3,482 | +€369 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,450 | €26,261 | +€811 | +3.2% |
| Other operating charges | 640/8 | €451 | €719 | +€268 | +59.5% |
| Gross operating margin | 9900 | -€363 | €9,315 | +€9,677 | |
| Operating profit (loss) | 9901 | -€26,264 | -€17,666 | +€8,598 | +32.7% |
| Financial income | 75/76B | €6,882 | - | -€6,882 | |
| Recurring financial income | 75 | €6,882 | - | -€6,882 | |
| Financial charges | 65/66B | €3,208 | €1,324 | -€1,884 | -58.7% |
| Recurring financial charges | 65 | €3,208 | €1,324 | -€1,884 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,589 | -€18,990 | +€3,600 | +15.9% |
| Transfer from deferred taxes | 780 | €3,381 | €3,381 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€19,209 | -€15,609 | +€3,600 | +18.7% |
| Transfer from tax-exempt reserves | 789 | €10,142 | €10,142 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,067 | -€5,467 | +€3,600 | +39.7% |
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 23 October 2026 via checked.be.