E-Adventure: 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.
E-Adventure
Largest movements
- Tangible fixed assets -€21,278
down €21,278 (-6.4%), from €334,822 to €313,545
of which Land and buildings: -€16,197
- Cash +€20,621
up €20,621 (+298.3%), from €6,914 to €27,535
mainly Depreciation (+€23,360) and Stocks and contracts (+€12,421)
- Stocks and contracts -€12,421
down €12,421 (-10.6%), from €116,676 to €104,255
- Receivables within one year -€7,177
down €7,177 (-51.0%), from €14,069 to €6,892
of which Trade receivables: -€5,238
- Debts after one year -€33,100
down €33,100 (-13.0%), from €255,476 to €222,376
- Reserves +€9,953
up €9,953 (+6.9%), from €144,367 to €154,320
- Current portion of long-term debt +€6,502
up €6,502 (+34.9%), from €18,621 to €25,123
- Other debts -€6,198
down €6,198 (-18.6%), from €33,309 to €27,111
- Gross operating margin -€16,394
down €16,394 (-23.9%), from €68,481 to €52,087
- Taxes -€6,144
down €6,144 (-56.4%), from €10,885 to €4,741
- Other operating charges -€1,682
down €1,682 (-31.3%), from €5,375 to €3,693
- Financial charges +€1,454
up €1,454 (+25.7%), from €5,662 to €7,116
- Depreciation -€1,035
down €1,035 (-4.2%), from €24,395 to €23,360
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 | €472,480 | €452,687 | -€19,793 | -4.2% |
| Fixed assets | 21/28 | €334,822 | €313,545 | -€21,278 | -6.4% |
| Tangible fixed assets | 22/27 | €334,822 | €313,545 | -€21,278 | -6.4% |
| Land and buildings | 22 | €325,892 | €309,695 | -€16,197 | -5.0% |
| Plant, machinery and equipment | 23 | €924 | €591 | -€333 | -36.0% |
| Furniture and vehicles | 24 | €7,667 | €3,259 | -€4,408 | -57.5% |
| Other tangible fixed assets | 26 | €340 | - | -€340 | |
| Current assets | 29/58 | €137,658 | €139,142 | +€1,484 | +1.1% |
| Stocks and contracts in progress | 3 | €116,676 | €104,255 | -€12,421 | -10.6% |
| Stocks | 30/36 | €116,676 | €104,255 | -€12,421 | -10.6% |
| Amounts receivable within one year | 40/41 | €14,069 | €6,892 | -€7,177 | -51.0% |
| Trade receivables | 40 | €6,786 | €1,549 | -€5,238 | -77.2% |
| Other amounts receivable | 41 | €7,282 | €5,343 | -€1,939 | -26.6% |
| Cash at bank and in hand | 54/58 | €6,914 | €27,535 | +€20,621 | +298.3% |
| Deferred charges and accrued income | 490/1 | - | €461 | +€461 | |
| Total equity and liabilities | 10/49 | €472,480 | €452,687 | -€19,793 | -4.2% |
| Equity | 10/15 | €152,367 | €162,320 | +€9,953 | +6.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €144,367 | €154,320 | +€9,953 | +6.9% |
| Distributable reserves | 133 | €144,367 | €154,320 | +€9,953 | +6.9% |
| Amounts payable | 17/49 | €320,113 | €290,367 | -€29,746 | -9.3% |
| Amounts payable after more than one year | 17 | €255,476 | €222,376 | -€33,100 | -13.0% |
| Financial debts | 170/4 | €255,476 | €222,376 | -€33,100 | -13.0% |
| Amounts payable within one year | 42/48 | €64,249 | €67,991 | +€3,742 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €18,621 | €25,123 | +€6,502 | +34.9% |
| Trade debts | 44 | - | €4,309 | +€4,309 | |
| Suppliers | 440/4 | - | €4,309 | +€4,309 | |
| Taxes, remuneration and social security | 45 | €12,320 | €11,448 | -€872 | -7.1% |
| Taxes | 450/3 | €12,320 | €11,148 | -€1,172 | -9.5% |
| Remuneration and social security | 454/9 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €33,309 | €27,111 | -€6,198 | -18.6% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Non-recurring operating income | 76A | - | €705 | +€705 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,395 | €23,360 | -€1,035 | -4.2% |
| Other operating charges | 640/8 | €5,375 | €3,693 | -€1,682 | -31.3% |
| Non-recurring operating charges | 66A | - | €3,461 | +€3,461 | |
| Gross operating margin | 9900 | €68,481 | €52,087 | -€16,394 | -23.9% |
| Operating profit (loss) | 9901 | €38,711 | €21,572 | -€17,138 | -44.3% |
| Financial income | 75/76B | €656 | €238 | -€418 | -63.8% |
| Recurring financial income | 75 | €656 | €238 | -€418 | -63.8% |
| Financial charges | 65/66B | €5,662 | €7,116 | +€1,454 | +25.7% |
| Recurring financial charges | 65 | €5,662 | €7,116 | +€1,454 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €33,704 | €14,694 | -€19,011 | -56.4% |
| Income taxes | 67/77 | €10,885 | €4,741 | -€6,144 | -56.4% |
| Profit (loss) for the period | 9904 | €22,819 | €9,953 | -€12,866 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,819 | €9,953 | -€12,866 | -56.4% |
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.