L'Adresse: 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.
L'Adresse
Largest movements
- Tangible fixed assets -€114,198
down €114,198 (-14.0%), from €813,350 to €699,152
- Profit (loss) carried forward -€98,901
down €98,901 (-64.8%), from -€152,677 to -€251,577
- Debts after one year -€23,336
down €23,336 (-3.5%), from €658,309 to €634,973
- Other debts +€8,197
up €8,197 (+3.9%), from €208,361 to €216,558
- Financial charges +€1,729
up €1,729 (+5.5%), from €31,303 to €33,031
- Depreciation -€702
down €702 (-0.6%), from €114,900 to €114,198
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 | €814,949 | €702,645 | -€112,304 | -13.8% |
| Fixed assets | 21/28 | €813,515 | €699,316 | -€114,198 | -14.0% |
| Tangible fixed assets | 22/27 | €813,350 | €699,152 | -€114,198 | -14.0% |
| Land and buildings | 22 | €813,350 | €699,152 | -€114,198 | -14.0% |
| Financial fixed assets | 28 | €164 | €164 | = | 0.0% |
| Current assets | 29/58 | €1,434 | €3,329 | +€1,894 | +132% |
| Amounts receivable within one year | 40/41 | - | €2,028 | +€2,028 | |
| Trade receivables | 40 | - | €2,028 | +€2,028 | |
| Cash at bank and in hand | 54/58 | €378 | €248 | -€130 | -34.4% |
| Deferred charges and accrued income | 490/1 | €1,057 | €1,053 | -€4 | -0.4% |
| Total equity and liabilities | 10/49 | €814,949 | €702,645 | -€112,304 | -13.8% |
| Equity | 10/15 | -€76,519 | -€175,420 | -€98,901 | -129% |
| Contributions | 10/11 | €76,158 | €76,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,677 | -€251,577 | -€98,901 | -64.8% |
| Amounts payable | 17/49 | €891,468 | €878,065 | -€13,403 | -1.5% |
| Amounts payable after more than one year | 17 | €658,309 | €634,973 | -€23,336 | -3.5% |
| Financial debts | 170/4 | €658,309 | €634,973 | -€23,336 | -3.5% |
| Amounts payable within one year | 42/48 | €233,159 | €243,092 | +€9,932 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €22,234 | €23,336 | +€1,102 | +5.0% |
| Trade debts | 44 | €2,565 | €3,198 | +€634 | +24.7% |
| Suppliers | 440/4 | €2,565 | €3,198 | +€634 | +24.7% |
| Other amounts payable | 47/48 | €208,361 | €216,558 | +€8,197 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,900 | €114,198 | -€702 | -0.6% |
| Other operating charges | 640/8 | €3,871 | €4,057 | +€186 | +4.8% |
| Gross operating margin | 9900 | €52,215 | €52,386 | +€170 | +0.3% |
| Operating profit (loss) | 9901 | -€66,556 | -€65,869 | +€687 | +1.0% |
| Financial charges | 65/66B | €31,303 | €33,031 | +€1,729 | +5.5% |
| Recurring financial charges | 65 | €31,303 | €33,031 | +€1,729 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€97,859 | -€98,901 | -€1,042 | -1.1% |
| Profit (loss) for the period | 9904 | -€97,859 | -€98,901 | -€1,042 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€97,859 | -€98,901 | -€1,042 | -1.1% |
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 16 October 2026 via checked.be.