ADARA: 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.
ADARA
Largest movements
- Receivables within one year -€48,820
down €48,820 (-78.1%), from €62,522 to €13,702
of which Trade receivables: -€51,072
- Tangible fixed assets -€12,940
down €12,940 (-9.3%), from €139,642 to €126,702
of which Plant, machinery and equipment: -€12,306
- Debts after one year -€80,395
down €80,395 (-74.9%), from €107,369 to €26,974
- Trade debts -€40,745
down €40,745 (-96.6%), from €42,170 to €1,425
- Other debts +€34,812
up €34,812 (+10.3%), from €336,912 to €371,724
- Profit (loss) carried forward +€27,826
up €27,826 (+11.1%), from €251,234 to €279,060
- Gross operating margin +€44,797
up €44,797 (+238%), from €18,861 to €63,658
- Financial charges -€31,499
down €31,499 (-91.9%), from €34,288 to €2,789
- Taxes +€9,110
up €9,110 (+391%), from €2,328 to €11,438
- Financial income -€1,391
no longer reported in 2025 (was €1,391)
- Depreciation +€675
up €675 (+3.3%), from €20,530 to €21,205
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 | €837,105 | €774,068 | -€63,037 | -7.5% |
| Fixed assets | 21/28 | €756,452 | €743,512 | -€12,940 | -1.7% |
| Intangible fixed assets | 21 | €565,560 | €565,560 | = | 0.0% |
| Tangible fixed assets | 22/27 | €139,642 | €126,702 | -€12,940 | -9.3% |
| Plant, machinery and equipment | 23 | €107,196 | €94,890 | -€12,306 | -11.5% |
| Furniture and vehicles | 24 | €32,446 | €31,812 | -€634 | -2.0% |
| Financial fixed assets | 28 | €51,250 | €51,250 | = | 0.0% |
| Current assets | 29/58 | €80,653 | €30,556 | -€50,097 | -62.1% |
| Amounts receivable within one year | 40/41 | €62,522 | €13,702 | -€48,820 | -78.1% |
| Trade receivables | 40 | €62,522 | €11,450 | -€51,072 | -81.7% |
| Other amounts receivable | 41 | - | €2,252 | +€2,252 | |
| Cash at bank and in hand | 54/58 | €17,857 | €16,570 | -€1,287 | -7.2% |
| Deferred charges and accrued income | 490/1 | €274 | €284 | +€10 | +3.6% |
| Total equity and liabilities | 10/49 | €837,105 | €774,068 | -€63,037 | -7.5% |
| Equity | 10/15 | €252,334 | €280,160 | +€27,826 | +11.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €251,234 | €279,060 | +€27,826 | +11.1% |
| Amounts payable | 17/49 | €584,771 | €493,908 | -€90,863 | -15.5% |
| Amounts payable after more than one year | 17 | €107,369 | €26,974 | -€80,395 | -74.9% |
| Financial debts | 170/4 | €107,369 | €26,974 | -€80,395 | -74.9% |
| Amounts payable within one year | 42/48 | €470,640 | €460,174 | -€10,466 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €79,612 | €80,395 | +€783 | +1.0% |
| Trade debts | 44 | €42,170 | €1,425 | -€40,745 | -96.6% |
| Suppliers | 440/4 | €42,170 | €1,425 | -€40,745 | -96.6% |
| Taxes, remuneration and social security | 45 | €11,946 | €6,630 | -€5,316 | -44.5% |
| Taxes | 450/3 | €11,946 | €6,630 | -€5,316 | -44.5% |
| Other amounts payable | 47/48 | €336,912 | €371,724 | +€34,812 | +10.3% |
| Accrued charges and deferred income | 492/3 | €6,762 | €6,760 | -€2 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,530 | €21,205 | +€675 | +3.3% |
| Other operating charges | 640/8 | €968 | €400 | -€568 | -58.7% |
| Gross operating margin | 9900 | €18,861 | €63,658 | +€44,797 | +238% |
| Operating profit (loss) | 9901 | -€2,637 | €42,053 | +€44,690 | |
| Financial income | 75/76B | €1,391 | - | -€1,391 | |
| Recurring financial income | 75 | €1,391 | - | -€1,391 | |
| Financial charges | 65/66B | €34,288 | €2,789 | -€31,499 | -91.9% |
| Recurring financial charges | 65 | €34,288 | €2,789 | -€31,499 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | -€35,534 | €39,264 | +€74,798 | |
| Income taxes | 67/77 | €2,328 | €11,438 | +€9,110 | +391% |
| Profit (loss) for the period | 9904 | -€37,862 | €27,826 | +€65,688 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,862 | €27,826 | +€65,688 |
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 20 October 2026 via checked.be.