ADAEON: 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.
ADAEON
Largest movements
- Cash +€100,572
up €100,572 (+40.6%), from €248,011 to €348,583
mainly Net result for the year (+€134,653) and Depreciation (+€23,520)
- Tangible fixed assets -€5,488
down €5,488 (-5.5%), from €99,399 to €93,910
of which Furniture and vehicles: -€20,365
- Profit (loss) carried forward +€128,353
up €128,353 (+56.1%), from €228,730 to €357,083
- Other debts -€29,575
down €29,575 (-65.1%), from €45,461 to €15,886
- Debts after one year -€18,952
down €18,952 (-45.2%), from €41,900 to €22,948
- Trade debts +€6,419
up €6,419 (+120%), from €5,362 to €11,781
- Tax, wage and social debts +€5,921
up €5,921 (+91.8%), from €6,453 to €12,374
- Gross operating margin +€81,308
up €81,308 (+57.4%), from €141,564 to €222,871
- Taxes +€23,610
up €23,610 (+69.1%), from €34,144 to €57,754
- Depreciation +€3,465
up €3,465 (+17.3%), from €20,055 to €23,520
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 | €368,318 | €463,317 | +€94,999 | +25.8% |
| Fixed assets | 21/28 | €99,489 | €94,000 | -€5,488 | -5.5% |
| Tangible fixed assets | 22/27 | €99,399 | €93,910 | -€5,488 | -5.5% |
| Plant, machinery and equipment | 23 | €11,869 | €26,745 | +€14,877 | +125% |
| Furniture and vehicles | 24 | €87,530 | €67,165 | -€20,365 | -23.3% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €268,829 | €369,316 | +€100,488 | +37.4% |
| Amounts receivable within one year | 40/41 | €17,928 | €17,644 | -€284 | -1.6% |
| Trade receivables | 40 | €14,843 | €15,339 | +€497 | +3.3% |
| Other amounts receivable | 41 | €3,086 | €2,305 | -€781 | -25.3% |
| Cash at bank and in hand | 54/58 | €248,011 | €348,583 | +€100,572 | +40.6% |
| Deferred charges and accrued income | 490/1 | €2,889 | €3,089 | +€200 | +6.9% |
| Total equity and liabilities | 10/49 | €368,318 | €463,317 | +€94,999 | +25.8% |
| Equity | 10/15 | €250,730 | €379,083 | +€128,353 | +51.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228,730 | €357,083 | +€128,353 | +56.1% |
| Amounts payable | 17/49 | €117,588 | €84,234 | -€33,354 | -28.4% |
| Amounts payable after more than one year | 17 | €41,900 | €22,948 | -€18,952 | -45.2% |
| Financial debts | 170/4 | €41,900 | €22,948 | -€18,952 | -45.2% |
| Amounts payable within one year | 42/48 | €75,588 | €58,992 | -€16,596 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €18,312 | €18,952 | +€639 | +3.5% |
| Trade debts | 44 | €5,362 | €11,781 | +€6,419 | +120% |
| Suppliers | 440/4 | €5,362 | €11,781 | +€6,419 | +120% |
| Taxes, remuneration and social security | 45 | €6,453 | €12,374 | +€5,921 | +91.8% |
| Taxes | 450/3 | €6,453 | €12,374 | +€5,921 | +91.8% |
| Other amounts payable | 47/48 | €45,461 | €15,886 | -€29,575 | -65.1% |
| Accrued charges and deferred income | 492/3 | €99 | €2,293 | +€2,194 | +2,213% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,055 | €23,520 | +€3,465 | +17.3% |
| Other operating charges | 640/8 | €862 | €862 | +€0 | 0.0% |
| Non-recurring operating charges | 66A | - | €1,801 | +€1,801 | |
| Gross operating margin | 9900 | €141,564 | €222,871 | +€81,308 | +57.4% |
| Operating profit (loss) | 9901 | €120,646 | €196,689 | +€76,042 | +63.0% |
| Financial income | 75/76B | €0 | €12 | +€12 | +3,997% |
| Recurring financial income | 75 | €0 | €12 | +€12 | +3,997% |
| Financial charges | 65/66B | €2,233 | €4,294 | +€2,061 | +92.3% |
| Recurring financial charges | 65 | €2,233 | €4,294 | +€2,061 | +92.3% |
| Profit (loss) for the period before taxes | 9903 | €118,414 | €192,407 | +€73,993 | +62.5% |
| Income taxes | 67/77 | €34,144 | €57,754 | +€23,610 | +69.1% |
| Profit (loss) for the period | 9904 | €84,269 | €134,653 | +€50,384 | +59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,269 | €134,653 | +€50,384 | +59.8% |
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 27 October 2026 via checked.be.