ADAUPA: 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.
ADAUPA
Largest movements
- Current investments +€297,994
up €297,994 (+146.8%), from €203,000 to €500,994
- Cash -€175,968
down €175,968 (-43.2%), from €406,922 to €230,954
mainly Current investments (-€297,994) and Tax, wage and social debts (-€23,800)
- Receivables within one year -€29,912
down €29,912 (-48.1%), from €62,233 to €32,321
of which Trade receivables: -€29,838
- Reserves +€97,531
up €97,531 (+24.3%), from €401,796 to €499,327
of which Distributable reserves: +€97,531
- Tax, wage and social debts -€23,800
down €23,800 (-50.9%), from €46,720 to €22,921
of which Remuneration and social security: -€21,648
- Other debts +€13,021
up €13,021 (+61.2%), from €21,260 to €34,281
- Gross operating margin -€21,301
down €21,301 (-13.2%), from €161,021 to €139,720
- Taxes +€4,167
up €4,167 (+10.9%), from €38,133 to €42,299
- Financial charges +€2,680
up €2,680 (+862.1%), from €311 to €2,990
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.
Cash bridge derived
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 | €699,228 | €788,793 | +€89,565 | +12.8% |
| Fixed assets | 21/28 | €27,073 | €24,524 | -€2,549 | -9.4% |
| Tangible fixed assets | 22/27 | €5,383 | €1,484 | -€3,899 | -72.4% |
| Furniture and vehicles | 24 | €4,313 | €1,484 | -€2,828 | -65.6% |
| Other tangible fixed assets | 26 | €1,070 | - | -€1,070 | |
| Financial fixed assets | 28 | €21,690 | €23,040 | +€1,350 | +6.2% |
| Current assets | 29/58 | €672,155 | €764,269 | +€92,114 | +13.7% |
| Amounts receivable within one year | 40/41 | €62,233 | €32,321 | -€29,912 | -48.1% |
| Trade receivables | 40 | €62,103 | €32,265 | -€29,838 | -48.0% |
| Other amounts receivable | 41 | €131 | €57 | -€74 | -56.8% |
| Current investments | 50/53 | €203,000 | €500,994 | +€297,994 | +146.8% |
| Cash at bank and in hand | 54/58 | €406,922 | €230,954 | -€175,968 | -43.2% |
| Total equity and liabilities | 10/49 | €699,228 | €788,793 | +€89,565 | +12.8% |
| Equity | 10/15 | €606,223 | €707,248 | +€101,025 | +16.7% |
| Contributions | 10/11 | €151,200 | €151,200 | = | 0.0% |
| Revaluation surpluses | 12 | - | €3,494 | +€3,494 | |
| Reserves | 13 | €401,796 | €499,327 | +€97,531 | +24.3% |
| Non-distributable reserves | 130/1 | €7,150 | €7,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,150 | €7,150 | = | 0.0% |
| Distributable reserves | 133 | €394,646 | €492,177 | +€97,531 | +24.7% |
| Profit (loss) carried forward | 14 | €53,227 | €53,227 | = | 0.0% |
| Amounts payable | 17/49 | €93,005 | €81,545 | -€11,460 | -12.3% |
| Amounts payable within one year | 42/48 | €93,005 | €81,545 | -€11,460 | -12.3% |
| Financial debts | 43 | €0 | €1 | +€0 | +66.7% |
| Credit institutions | 430/8 | €0 | €1 | +€0 | +66.7% |
| Trade debts | 44 | €25,024 | €24,342 | -€682 | -2.7% |
| Suppliers | 440/4 | €25,024 | €24,342 | -€682 | -2.7% |
| Taxes, remuneration and social security | 45 | €46,720 | €22,921 | -€23,800 | -50.9% |
| Taxes | 450/3 | €25,072 | €22,921 | -€2,151 | -8.6% |
| Remuneration and social security | 454/9 | €21,648 | - | -€21,648 | |
| Other amounts payable | 47/48 | €21,260 | €34,281 | +€13,021 | +61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,519 | €3,899 | -€620 | -13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,118 | - | -€1,118 | |
| Other operating charges | 640/8 | - | €996 | +€996 | |
| Non-recurring operating charges | 66A | €75 | - | -€75 | |
| Gross operating margin | 9900 | €161,021 | €139,720 | -€21,301 | -13.2% |
| Operating profit (loss) | 9901 | €155,309 | €134,825 | -€20,484 | -13.2% |
| Financial income | 75/76B | €8,324 | €7,996 | -€328 | -3.9% |
| Recurring financial income | 75 | €8,324 | €7,996 | -€328 | -3.9% |
| Financial charges | 65/66B | €311 | €2,990 | +€2,680 | +862.1% |
| Recurring financial charges | 65 | €311 | €2,990 | +€2,680 | +862.1% |
| Profit (loss) for the period before taxes | 9903 | €163,322 | €139,830 | -€23,492 | -14.4% |
| Income taxes | 67/77 | €38,133 | €42,299 | +€4,167 | +10.9% |
| Profit (loss) for the period | 9904 | €125,190 | €97,531 | -€27,659 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €125,190 | €97,531 | -€27,659 | -22.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.