T-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.
T-ADVENTURE
Largest movements
- Tangible fixed assets +€37,023
up €37,023 (+105%), from €35,148 to €72,170
of which Plant, machinery and equipment: +€37,762
- Deferred charges and accrued income -€5,895
down €5,895 (-88.7%), from €6,645 to €750
- Receivables within one year +€2,382
up €2,382 (+103%), from €2,304 to €4,686
of which Other amounts receivable: +€2,567
- Cash -€1,823
down €1,823 (-50.6%), from €3,602 to €1,779
mainly Investment in fixed assets (net) (-€48,029) and Receivables within one year (-€2,382)
- Debts after one year +€23,430
up €23,430 (+62.5%), from €37,500 to €60,930
of which Financial debts: +€23,430
- Other debts +€4,023
up €4,023 (+323%), from €1,246 to €5,268
- Current portion of long-term debt +€2,539
up €2,539 (+65.3%), from €3,890 to €6,430
- Profit (loss) carried forward +€926
up €926 (+34.9%), from €2,650 to €3,576
- Trade debts +€831
up €831 (+77.4%), from €1,074 to €1,905
- Depreciation +€4,710
up €4,710 (+68.7%), from €6,854 to €11,564
- Gross operating margin +€1,823
up €1,823 (+14.8%), from €12,294 to €14,117
- Taxes -€825
down €825 (-100.0%), from €825 to €0
- Financial charges +€518
up €518 (+95.9%), from €541 to €1,059
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 | €48,397 | €80,275 | +€31,878 | +65.9% |
| Formation expenses | 20 | €698 | €140 | -€558 | -80.0% |
| Fixed assets | 21/28 | €35,148 | €72,170 | +€37,023 | +105% |
| Tangible fixed assets | 22/27 | €35,148 | €72,170 | +€37,023 | +105% |
| Plant, machinery and equipment | 23 | €32,291 | €70,054 | +€37,762 | +117% |
| Furniture and vehicles | 24 | €2,856 | €2,117 | -€739 | -25.9% |
| Current assets | 29/58 | €12,551 | €7,965 | -€4,587 | -36.5% |
| Stocks and contracts in progress | 3 | - | €750 | +€750 | |
| Stocks | 30/36 | - | €750 | +€750 | |
| Amounts receivable within one year | 40/41 | €2,304 | €4,686 | +€2,382 | +103% |
| Trade receivables | 40 | €1,825 | €1,640 | -€186 | -10.2% |
| Other amounts receivable | 41 | €479 | €3,046 | +€2,567 | +536% |
| Cash at bank and in hand | 54/58 | €3,602 | €1,779 | -€1,823 | -50.6% |
| Deferred charges and accrued income | 490/1 | €6,645 | €750 | -€5,895 | -88.7% |
| Total equity and liabilities | 10/49 | €48,397 | €80,275 | +€31,878 | +65.9% |
| Equity | 10/15 | €3,650 | €4,576 | +€926 | +25.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,650 | €3,576 | +€926 | +34.9% |
| Amounts payable | 17/49 | €44,746 | €75,698 | +€30,952 | +69.2% |
| Amounts payable after more than one year | 17 | €37,500 | €60,930 | +€23,430 | +62.5% |
| Financial debts | 170/4 | - | €23,430 | +€23,430 | |
| Other amounts payable | 178/9 | €37,500 | €37,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,246 | €14,768 | +€7,522 | +104% |
| Current portion of amounts payable after more than one year | 42 | €3,890 | €6,430 | +€2,539 | +65.3% |
| Trade debts | 44 | €1,074 | €1,905 | +€831 | +77.4% |
| Suppliers | 440/4 | €1,074 | €1,905 | +€831 | +77.4% |
| Taxes, remuneration and social security | 45 | €1,036 | €1,165 | +€129 | +12.4% |
| Taxes | 450/3 | €1,036 | €1,165 | +€129 | +12.4% |
| Other amounts payable | 47/48 | €1,246 | €5,268 | +€4,023 | +323% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,854 | €11,564 | +€4,710 | +68.7% |
| Other operating charges | 640/8 | €513 | €568 | +€54 | +10.6% |
| Gross operating margin | 9900 | €12,294 | €14,117 | +€1,823 | +14.8% |
| Operating profit (loss) | 9901 | €4,927 | €1,985 | -€2,942 | -59.7% |
| Financial charges | 65/66B | €541 | €1,059 | +€518 | +95.9% |
| Recurring financial charges | 65 | €541 | €1,059 | +€518 | +95.9% |
| Profit (loss) for the period before taxes | 9903 | €4,386 | €926 | -€3,460 | -78.9% |
| Income taxes | 67/77 | €825 | €0 | -€825 | -100.0% |
| Profit (loss) for the period | 9904 | €3,561 | €926 | -€2,635 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,561 | €926 | -€2,635 | -74.0% |
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 19 October 2026 via checked.be.