ADDENTE: 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.
ADDENTE
Largest movements
- Cash -€33,360
down €33,360 (-15.7%), from €212,811 to €179,451
mainly Investment in fixed assets (net) (-€235,143) and Debts after one year (-€95,807)
- Tangible fixed assets +€31,593
up €31,593 (+1.4%), from €2.3m to €2.3m
of which Land and buildings: +€61,280
- Reserves +€297,812
up €297,812 (+25.7%), from €1.2m to €1.5m
of which Distributable reserves: +€297,812
- Profit (loss) carried forward -€202,939
no longer reported in 2025 (was €202,939)
- Debts after one year -€95,807
down €95,807 (-39.5%), from €242,572 to €146,765
- Provisions +€44,435
new in 2025: €44,435
- Accrued charges and deferred income +€42,287
up €42,287 (+19,577%), from €216 to €42,503
- Gross operating margin -€73,361
down €73,361 (-11.6%), from €631,989 to €558,628
- Taxes -€50,935
down €50,935 (-50.8%), from €100,182 to €49,247
- Provisions +€44,435
new in 2025: €44,435
- Financial charges +€19,917
up €19,917 (+60.9%), from €32,720 to €52,637
- Staff costs +€15,656
up €15,656 (+20.6%), from €76,171 to €91,827
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 | €2,520,283 | €2,522,907 | +€2,624 | +0.1% |
| Fixed assets | 21/28 | €2,293,460 | €2,325,053 | +€31,593 | +1.4% |
| Tangible fixed assets | 22/27 | €2,293,460 | €2,325,053 | +€31,593 | +1.4% |
| Land and buildings | 22 | €2,143,995 | €2,205,275 | +€61,280 | +2.9% |
| Plant, machinery and equipment | 23 | €96,995 | €75,299 | -€21,696 | -22.4% |
| Furniture and vehicles | 24 | €32,226 | €34,180 | +€1,954 | +6.1% |
| Leasing and similar rights | 25 | €20,244 | €10,299 | -€9,945 | -49.1% |
| Current assets | 29/58 | €226,823 | €197,854 | -€28,969 | -12.8% |
| Amounts receivable within one year | 40/41 | €5,150 | €1,508 | -€3,642 | -70.7% |
| Trade receivables | 40 | €5,150 | €605 | -€4,545 | -88.3% |
| Other amounts receivable | 41 | - | €903 | +€903 | |
| Cash at bank and in hand | 54/58 | €212,811 | €179,451 | -€33,360 | -15.7% |
| Deferred charges and accrued income | 490/1 | €8,862 | €16,894 | +€8,032 | +90.6% |
| Total equity and liabilities | 10/49 | €2,520,283 | €2,522,907 | +€2,624 | +0.1% |
| Equity | 10/15 | €1,437,368 | €1,532,242 | +€94,873 | +6.6% |
| Contributions | 10/11 | €73,700 | €73,700 | = | 0.0% |
| Reserves | 13 | €1,160,730 | €1,458,542 | +€297,812 | +25.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €150,812 | €150,812 | = | 0.0% |
| Distributable reserves | 133 | €1,009,917 | €1,307,729 | +€297,812 | +29.5% |
| Profit (loss) carried forward | 14 | €202,939 | - | -€202,939 | |
| Provisions and deferred taxes | 16 | - | €44,435 | +€44,435 | |
| Provisions for liabilities and charges | 160/5 | - | €44,435 | +€44,435 | |
| Other liabilities and charges | 164/5 | - | €44,435 | +€44,435 | |
| Amounts payable | 17/49 | €1,082,914 | €946,230 | -€136,684 | -12.6% |
| Amounts payable after more than one year | 17 | €242,572 | €146,765 | -€95,807 | -39.5% |
| Financial debts | 170/4 | €242,572 | €146,765 | -€95,807 | -39.5% |
| Amounts payable within one year | 42/48 | €840,126 | €756,962 | -€83,164 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €126,738 | €95,807 | -€30,931 | -24.4% |
| Financial debts | 43 | €280 | - | -€280 | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €280 | - | -€280 | |
| Trade debts | 44 | €12,377 | €19,146 | +€6,769 | +54.7% |
| Suppliers | 440/4 | €12,377 | €19,146 | +€6,769 | +54.7% |
| Taxes, remuneration and social security | 45 | €47,422 | €15,188 | -€32,235 | -68.0% |
| Taxes | 450/3 | €34,699 | - | -€34,699 | |
| Remuneration and social security | 454/9 | €12,723 | €15,188 | +€2,464 | +19.4% |
| Other amounts payable | 47/48 | €653,309 | €626,821 | -€26,488 | -4.1% |
| Accrued charges and deferred income | 492/3 | €216 | €42,503 | +€42,287 | +19,577% |
| Non-recurring operating income | 76A | €1,350 | - | -€1,350 | |
| Remuneration, social security and pensions | 62 | €76,171 | €91,827 | +€15,656 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,220 | €203,550 | -€6,671 | -3.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €44,435 | +€44,435 | |
| Other operating charges | 640/8 | €12,733 | €13,053 | +€320 | +2.5% |
| Non-recurring operating charges | 66A | - | €9,508 | +€9,508 | |
| Gross operating margin | 9900 | €631,989 | €558,628 | -€73,361 | -11.6% |
| Operating profit (loss) | 9901 | €332,864 | €196,255 | -€136,609 | -41.0% |
| Financial income | 75/76B | €114 | €501 | +€387 | +339% |
| Recurring financial income | 75 | €114 | €501 | +€387 | +339% |
| Financial charges | 65/66B | €32,720 | €52,637 | +€19,917 | +60.9% |
| Recurring financial charges | 65 | €32,720 | €52,637 | +€19,917 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | €300,258 | €144,120 | -€156,138 | -52.0% |
| Income taxes | 67/77 | €100,182 | €49,247 | -€50,935 | -50.8% |
| Profit (loss) for the period | 9904 | €200,077 | €94,873 | -€105,204 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €200,077 | €94,873 | -€105,204 | -52.6% |
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.