R. ADIX: 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.
R. ADIX
Largest movements
- Receivables within one year -€32,057
down €32,057 (-91.2%), from €35,160 to €3,103
of which Other amounts receivable: -€19,557
- Tangible fixed assets -€20,884
down €20,884 (-7.5%), from €278,597 to €257,713
of which Land and buildings: -€19,874
- Cash +€16,210
up €16,210 (+5.0%), from €323,198 to €339,408
mainly Receivables within one year (+€32,057) and Depreciation (+€30,058)
- Tax, wage and social debts -€28,280
down €28,280 (-100%), from €28,280 to €0
- Gross operating margin -€512,969
down €512,969 (-93.8%), from €546,680 to €33,711
- Taxes -€155,658
down €155,658 (-97.8%), from €159,188 to €3,529
- Financial income +€11,440
up €11,440 (+378%), from €3,026 to €14,466
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 | €1,138,663 | €1,101,667 | -€36,996 | -3.2% |
| Fixed assets | 21/28 | €278,597 | €257,713 | -€20,884 | -7.5% |
| Tangible fixed assets | 22/27 | €278,597 | €257,713 | -€20,884 | -7.5% |
| Land and buildings | 22 | €276,691 | €256,817 | -€19,874 | -7.2% |
| Furniture and vehicles | 24 | €1,906 | €896 | -€1,010 | -53.0% |
| Current assets | 29/58 | €860,066 | €843,954 | -€16,112 | -1.9% |
| Amounts receivable within one year | 40/41 | €35,160 | €3,103 | -€32,057 | -91.2% |
| Trade receivables | 40 | €12,500 | €0 | -€12,500 | -100% |
| Other amounts receivable | 41 | €22,660 | €3,103 | -€19,557 | -86.3% |
| Current investments | 50/53 | €500,001 | €500,001 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €323,198 | €339,408 | +€16,210 | +5.0% |
| Deferred charges and accrued income | 490/1 | €1,707 | €1,442 | -€265 | -15.5% |
| Total equity and liabilities | 10/49 | €1,138,663 | €1,101,667 | -€36,996 | -3.2% |
| Equity | 10/15 | €1,076,483 | €1,083,947 | +€7,464 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €938,620 | €946,084 | +€7,464 | +0.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €938,620 | €946,084 | +€7,464 | +0.8% |
| Profit (loss) carried forward | 14 | €119,272 | €119,272 | = | 0.0% |
| Amounts payable | 17/49 | €62,179 | €17,719 | -€44,460 | -71.5% |
| Amounts payable after more than one year | 17 | €14,853 | €6,079 | -€8,774 | -59.1% |
| Financial debts | 170/4 | €14,853 | €6,079 | -€8,774 | -59.1% |
| Amounts payable within one year | 42/48 | €47,326 | €11,640 | -€35,686 | -75.4% |
| Current portion of amounts payable after more than one year | 42 | €8,375 | €8,774 | +€399 | +4.8% |
| Trade debts | 44 | €10,001 | €1,939 | -€8,061 | -80.6% |
| Suppliers | 440/4 | €10,001 | €1,939 | -€8,061 | -80.6% |
| Advances received on contracts in progress | 46 | €158 | €0 | -€158 | -100% |
| Taxes, remuneration and social security | 45 | €28,280 | €0 | -€28,280 | -100% |
| Taxes | 450/3 | €28,280 | €0 | -€28,280 | -100% |
| Other amounts payable | 47/48 | €513 | €927 | +€414 | +80.7% |
| Non-recurring operating income | 76A | €452,159 | €0 | -€452,159 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,388 | €30,058 | +€669 | +2.3% |
| Other operating charges | 640/8 | €5,236 | €5,317 | +€82 | +1.6% |
| Non-recurring operating charges | 66A | €0 | €361 | +€361 | |
| Gross operating margin | 9900 | €546,680 | €33,711 | -€512,969 | -93.8% |
| Operating profit (loss) | 9901 | €512,056 | -€2,025 | -€514,081 | |
| Financial income | 75/76B | €3,026 | €14,466 | +€11,440 | +378% |
| Recurring financial income | 75 | €3,026 | €14,466 | +€11,440 | +378% |
| Financial charges | 65/66B | €2,003 | €1,448 | -€556 | -27.7% |
| Recurring financial charges | 65 | €2,003 | €1,448 | -€556 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €513,079 | €10,993 | -€502,085 | -97.9% |
| Income taxes | 67/77 | €159,188 | €3,529 | -€155,658 | -97.8% |
| Profit (loss) for the period | 9904 | €353,891 | €7,464 | -€346,427 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €353,891 | €7,464 | -€346,427 | -97.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.