ADBONO: 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.
ADBONO
Largest movements
- Tangible fixed assets +€51,324
up €51,324 (+51.0%), from €100,647 to €151,971
of which Plant, machinery and equipment: +€42,241
- Receivables within one year +€48,217
up €48,217 (+43.2%), from €111,732 to €159,949
of which Other amounts receivable: +€46,885
- Reserves +€76,526
up €76,526 (+83.5%), from €91,687 to €168,213
- Trade debts +€24,286
up €24,286 (+158%), from €15,334 to €39,619
- Debts after one year -€10,497
down €10,497 (-74.5%), from €14,097 to €3,599
- Tax, wage and social debts +€9,807
up €9,807 (+33.9%), from €28,963 to €38,770
of which Taxes: +€10,204
- Gross operating margin +€68,279
up €68,279 (+48.9%), from €139,704 to €207,983
- Staff costs +€25,045
up €25,045, from €0 to €25,045
- Taxes +€8,125
up €8,125 (+31.7%), from €25,620 to €33,745
- Other operating charges +€5,806
up €5,806 (+26.2%), from €22,142 to €27,947
- Depreciation +€5,657
up €5,657 (+17.8%), from €31,776 to €37,433
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 | €222,835 | €322,238 | +€99,403 | +44.6% |
| Fixed assets | 21/28 | €101,347 | €152,671 | +€51,324 | +50.6% |
| Tangible fixed assets | 22/27 | €100,647 | €151,971 | +€51,324 | +51.0% |
| Plant, machinery and equipment | 23 | €91,682 | €133,923 | +€42,241 | +46.1% |
| Furniture and vehicles | 24 | €8,965 | €18,048 | +€9,083 | +101% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €121,489 | €169,567 | +€48,079 | +39.6% |
| Amounts receivable within one year | 40/41 | €111,732 | €159,949 | +€48,217 | +43.2% |
| Trade receivables | 40 | €1,637 | €2,968 | +€1,331 | +81.3% |
| Other amounts receivable | 41 | €110,095 | €156,980 | +€46,885 | +42.6% |
| Cash at bank and in hand | 54/58 | €9,625 | €7,725 | -€1,900 | -19.7% |
| Deferred charges and accrued income | 490/1 | €131 | €1,894 | +€1,762 | +1,341% |
| Total equity and liabilities | 10/49 | €222,835 | €322,238 | +€99,403 | +44.6% |
| Equity | 10/15 | €110,287 | €186,813 | +€76,526 | +69.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,687 | €168,213 | +€76,526 | +83.5% |
| Distributable reserves | 133 | €91,687 | €168,213 | +€76,526 | +83.5% |
| Amounts payable | 17/49 | €112,548 | €135,425 | +€22,877 | +20.3% |
| Amounts payable after more than one year | 17 | €14,097 | €3,599 | -€10,497 | -74.5% |
| Financial debts | 170/4 | €14,097 | €3,599 | -€10,497 | -74.5% |
| Amounts payable within one year | 42/48 | €97,763 | €131,433 | +€33,670 | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €10,060 | €10,497 | +€438 | +4.3% |
| Trade debts | 44 | €15,334 | €39,619 | +€24,286 | +158% |
| Suppliers | 440/4 | €15,334 | €39,619 | +€24,286 | +158% |
| Advances received on contracts in progress | 46 | €43,100 | €41,570 | -€1,530 | -3.5% |
| Taxes, remuneration and social security | 45 | €28,963 | €38,770 | +€9,807 | +33.9% |
| Taxes | 450/3 | €26,763 | €36,967 | +€10,204 | +38.1% |
| Remuneration and social security | 454/9 | €2,200 | €1,803 | -€397 | -18.0% |
| Other amounts payable | 47/48 | €307 | €976 | +€670 | +218% |
| Accrued charges and deferred income | 492/3 | €688 | €393 | -€295 | -42.9% |
| Remuneration, social security and pensions | 62 | €0 | €25,045 | +€25,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,776 | €37,433 | +€5,657 | +17.8% |
| Other operating charges | 640/8 | €22,142 | €27,947 | +€5,806 | +26.2% |
| Gross operating margin | 9900 | €139,704 | €207,983 | +€68,279 | +48.9% |
| Operating profit (loss) | 9901 | €85,786 | €117,558 | +€31,772 | +37.0% |
| Financial income | 75/76B | €227 | €192 | -€35 | -15.4% |
| Recurring financial income | 75 | €227 | €192 | -€35 | -15.4% |
| Financial charges | 65/66B | €9,731 | €7,479 | -€2,252 | -23.1% |
| Recurring financial charges | 65 | €9,731 | €7,479 | -€2,252 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €76,282 | €110,271 | +€33,989 | +44.6% |
| Income taxes | 67/77 | €25,620 | €33,745 | +€8,125 | +31.7% |
| Profit (loss) for the period | 9904 | €50,661 | €76,526 | +€25,864 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,661 | €76,526 | +€25,864 | +51.1% |
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 16 October 2026 via checked.be.