Opmaakstudio Adforma: 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.
Opmaakstudio Adforma
Largest movements
- Tangible fixed assets +€11,328
up €11,328 (+741%), from €1,528 to €12,856
- Cash -€6,415
down €6,415 (-2.8%), from €225,322 to €218,907
mainly Contributions, distributions and other (-€230,000) and Investment in fixed assets (net) (-€17,248)
- Short-term financial debts +€10,870
up €10,870 (+85.7%), from €12,687 to €23,558
- Gross operating margin +€13,543
up €13,543 (+2.3%), from €585,959 to €599,502
- Staff costs +€7,761
up €7,761 (+2.8%), from €274,726 to €282,487
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 | €351,257 | €358,075 | +€6,818 | +1.9% |
| Fixed assets | 21/28 | €1,528 | €12,856 | +€11,328 | +741% |
| Tangible fixed assets | 22/27 | €1,528 | €12,856 | +€11,328 | +741% |
| Plant, machinery and equipment | 23 | €1,528 | €12,856 | +€11,328 | +741% |
| Current assets | 29/58 | €349,730 | €345,219 | -€4,510 | -1.3% |
| Amounts receivable within one year | 40/41 | €124,407 | €126,312 | +€1,905 | +1.5% |
| Trade receivables | 40 | €124,407 | €126,312 | +€1,905 | +1.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €225,322 | €218,907 | -€6,415 | -2.8% |
| Total equity and liabilities | 10/49 | €351,257 | €358,075 | +€6,818 | +1.9% |
| Equity | 10/15 | €26,907 | €29,056 | +€2,149 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,307 | €10,456 | +€2,149 | +25.9% |
| Distributable reserves | 133 | €8,307 | €10,456 | +€2,149 | +25.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €324,351 | €329,019 | +€4,669 | +1.4% |
| Amounts payable within one year | 42/48 | €324,351 | €329,019 | +€4,669 | +1.4% |
| Financial debts | 43 | €12,687 | €23,558 | +€10,870 | +85.7% |
| Credit institutions | 430/8 | €12,687 | €23,558 | +€10,870 | +85.7% |
| Trade debts | 44 | €12,834 | €9,452 | -€3,383 | -26.4% |
| Suppliers | 440/4 | €12,834 | €9,452 | -€3,383 | -26.4% |
| Taxes, remuneration and social security | 45 | €68,829 | €66,010 | -€2,819 | -4.1% |
| Taxes | 450/3 | €39,552 | €31,502 | -€8,049 | -20.4% |
| Remuneration and social security | 454/9 | €29,277 | €34,507 | +€5,230 | +17.9% |
| Other amounts payable | 47/48 | €230,000 | €230,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Remuneration, social security and pensions | 62 | €274,726 | €282,487 | +€7,761 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,015 | €5,920 | +€4,905 | +483% |
| Other operating charges | 640/8 | €843 | €697 | -€146 | -17.3% |
| Gross operating margin | 9900 | €585,959 | €599,502 | +€13,543 | +2.3% |
| Operating profit (loss) | 9901 | €309,375 | €310,397 | +€1,022 | +0.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,217 | €1,052 | -€166 | -13.6% |
| Recurring financial charges | 65 | €1,217 | €1,052 | -€166 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €308,158 | €309,345 | +€1,187 | +0.4% |
| Income taxes | 67/77 | €77,285 | €77,196 | -€89 | -0.1% |
| Profit (loss) for the period | 9904 | €230,873 | €232,149 | +€1,276 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €230,873 | €232,149 | +€1,276 | +0.6% |
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 30 October 2026 via checked.be.