B-Adaboum: 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.
B-Adaboum
Largest movements
- Tangible fixed assets -€25,603
down €25,603 (-3.6%), from €709,726 to €684,123
of which Land and buildings: -€14,662
- Other debts -€195,506
down €195,506 (-29.5%), from €662,159 to €466,653
- Profit (loss) carried forward +€98,436
up €98,436 (+2,217%), from €4,441 to €102,877
- Debts after one year +€78,395
up €78,395 (+6.9%), from €1.1m to €1.2m
- Current portion of long-term debt +€35,334
up €35,334 (+33.8%), from €104,602 to €139,936
- Trade debts -€32,745
down €32,745 (-94.5%), from €34,644 to €1,899
- Gross operating margin +€92,891
up €92,891 (+92.8%), from €100,046 to €192,937
- Other operating charges +€5,154
up €5,154 (+118%), from €4,356 to €9,510
- Write-downs +€3,800
new in 2025: €3,800
- Taxes +€3,596
new in 2025: €3,596
- Financial charges -€2,256
down €2,256 (-4.2%), from €54,249 to €51,993
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 | €2,048,602 | €2,023,365 | -€25,236 | -1.2% |
| Fixed assets | 21/28 | €1,877,876 | €1,863,470 | -€14,406 | -0.8% |
| Tangible fixed assets | 22/27 | €709,726 | €684,123 | -€25,603 | -3.6% |
| Land and buildings | 22 | €584,008 | €569,345 | -€14,662 | -2.5% |
| Plant, machinery and equipment | 23 | €27,705 | €24,393 | -€3,313 | -12.0% |
| Furniture and vehicles | 24 | €219 | - | -€219 | |
| Other tangible fixed assets | 26 | €97,794 | €90,385 | -€7,409 | -7.6% |
| Financial fixed assets | 28 | €1,168,150 | €1,179,347 | +€11,197 | +1.0% |
| Current assets | 29/58 | €170,726 | €159,896 | -€10,830 | -6.3% |
| Amounts receivable within one year | 40/41 | €158,599 | €148,082 | -€10,517 | -6.6% |
| Trade receivables | 40 | €78,409 | €91,284 | +€12,874 | +16.4% |
| Other amounts receivable | 41 | €80,190 | €56,798 | -€23,391 | -29.2% |
| Cash at bank and in hand | 54/58 | €3,790 | €3,362 | -€428 | -11.3% |
| Deferred charges and accrued income | 490/1 | €8,337 | €8,451 | +€115 | +1.4% |
| Total equity and liabilities | 10/49 | €2,048,602 | €2,023,365 | -€25,236 | -1.2% |
| Equity | 10/15 | €12,671 | €111,107 | +€98,436 | +777% |
| Contributions | 10/11 | €6,355 | €6,355 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,441 | €102,877 | +€98,436 | +2,217% |
| Amounts payable | 17/49 | €2,035,931 | €1,912,258 | -€123,673 | -6.1% |
| Amounts payable after more than one year | 17 | €1,132,929 | €1,211,324 | +€78,395 | +6.9% |
| Financial debts | 170/4 | €1,132,929 | €1,211,324 | +€78,395 | +6.9% |
| Amounts payable within one year | 42/48 | €809,127 | €619,576 | -€189,551 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €104,602 | €139,936 | +€35,334 | +33.8% |
| Trade debts | 44 | €34,644 | €1,899 | -€32,745 | -94.5% |
| Suppliers | 440/4 | €34,644 | €1,899 | -€32,745 | -94.5% |
| Advances received on contracts in progress | 46 | €1,951 | - | -€1,951 | |
| Taxes, remuneration and social security | 45 | €5,771 | €11,087 | +€5,316 | +92.1% |
| Taxes | 450/3 | €5,771 | €11,087 | +€5,316 | +92.1% |
| Other amounts payable | 47/48 | €662,159 | €466,653 | -€195,506 | -29.5% |
| Accrued charges and deferred income | 492/3 | €93,875 | €81,358 | -€12,517 | -13.3% |
| Non-recurring operating income | 76A | - | €12,517 | +€12,517 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,371 | €25,603 | +€232 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,800 | +€3,800 | |
| Other operating charges | 640/8 | €4,356 | €9,510 | +€5,154 | +118% |
| Gross operating margin | 9900 | €100,046 | €192,937 | +€92,891 | +92.8% |
| Operating profit (loss) | 9901 | €70,318 | €154,024 | +€83,706 | +119% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €54,249 | €51,993 | -€2,256 | -4.2% |
| Recurring financial charges | 65 | €54,249 | €51,993 | -€2,256 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €16,069 | €102,032 | +€85,963 | +535% |
| Income taxes | 67/77 | - | €3,596 | +€3,596 | |
| Profit (loss) for the period | 9904 | €16,069 | €98,436 | +€82,367 | +513% |
| Profit (loss) for the period to be appropriated | 9905 | €16,069 | €98,436 | +€82,367 | +513% |
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 28 October 2026 via checked.be.