ADDIS: 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.
What changed
ADDIS
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€279,806
2024 · -€104,905-€174,901
Equity
€792,405
2024 · €1.1m-€279,806
Cash
€39,622
2024 · €38,264+€1,358
Balance sheet total
€3.2m
2024 · €3.2m+€40,573
Largest movements
Assets
- Stocks and contracts +€59,630
up €59,630 (+2.0%), from €3.0m to €3.0m
Equity and liabilities
- Other debts +€285,312
up €285,312 (+18.4%), from €1.5m to €1.8m
- Reserves -€279,806
down €279,806 (-32.1%), from €872,212 to €592,405
of which Distributable reserves: -€279,806
Income statement
- Gross operating margin -€214,637
down €214,637 (-22.9%), from €938,946 to €724,309
- Staff costs -€14,207
down €14,207 (-1.7%), from €855,478 to €841,271
- Financial charges -€13,420
down €13,420 (-18.0%), from €74,720 to €61,300
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.
Result 2024
-€104,905
Gross operating margin
-€214,637
Staff costs
+€14,207
Depreciation
+€3,836
Write-downs
-€220
Other operating charges
+€8,465
Financial income
+€49
Financial charges
+€13,420
Taxes
-€21
Result 2025
-€279,806
raises the resultlowers the result
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.
From operations
+€49,850
Investment
-€48,492
Financing
€0
Cash 2024
€38,264
From operations (derived)
+€49,850
Net result for the year
-€279,806
Depreciation
+€50,921
Stocks and contracts
-€59,630
Receivables within one year
+€26,921
Deferred charges and accrued income
-€8,936
Trade debts
+€17,559
Tax, wage and social debts
+€25,945
Advances received
-€1,673
Other debts
+€285,312
Accrued charges and deferred income
-€6,763
Investment (derived)
-€48,492
Investment in fixed assets (net)
-€48,492
Cash 2025
€39,622
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,197,852 | €3,238,425 | +€40,573 | +1.3% |
| Fixed assets | 21/28 | €78,381 | €75,952 | -€2,429 | -3.1% |
| Tangible fixed assets | 22/27 | €78,381 | €75,952 | -€2,429 | -3.1% |
| Plant, machinery and equipment | 23 | €35,150 | €54,892 | +€19,743 | +56.2% |
| Furniture and vehicles | 24 | €6,180 | €2,360 | -€3,821 | -61.8% |
| Other tangible fixed assets | 26 | €37,051 | €18,700 | -€18,351 | -49.5% |
| Current assets | 29/58 | €3,119,471 | €3,162,473 | +€43,002 | +1.4% |
| Stocks and contracts in progress | 3 | €2,981,484 | €3,041,114 | +€59,630 | +2.0% |
| Stocks | 30/36 | €2,981,484 | €3,041,114 | +€59,630 | +2.0% |
| Amounts receivable within one year | 40/41 | €96,894 | €69,973 | -€26,921 | -27.8% |
| Trade receivables | 40 | €59,506 | €39,831 | -€19,674 | -33.1% |
| Other amounts receivable | 41 | €37,388 | €30,142 | -€7,247 | -19.4% |
| Cash at bank and in hand | 54/58 | €38,264 | €39,622 | +€1,358 | +3.5% |
| Deferred charges and accrued income | 490/1 | €2,828 | €11,764 | +€8,936 | +316% |
| Total equity and liabilities | 10/49 | €3,197,852 | €3,238,425 | +€40,573 | +1.3% |
| Equity | 10/15 | €1,072,212 | €792,405 | -€279,806 | -26.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €872,212 | €592,405 | -€279,806 | -32.1% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €852,212 | €572,405 | -€279,806 | -32.8% |
| Amounts payable | 17/49 | €2,125,640 | €2,446,019 | +€320,379 | +15.1% |
| Amounts payable within one year | 42/48 | €1,971,473 | €2,298,615 | +€327,143 | +16.6% |
| Trade debts | 44 | €263,254 | €280,813 | +€17,559 | +6.7% |
| Suppliers | 440/4 | €263,254 | €280,813 | +€17,559 | +6.7% |
| Advances received on contracts in progress | 46 | €7,954 | €6,282 | -€1,673 | -21.0% |
| Taxes, remuneration and social security | 45 | €151,915 | €177,859 | +€25,945 | +17.1% |
| Taxes | 450/3 | €54,489 | €77,895 | +€23,406 | +43.0% |
| Remuneration and social security | 454/9 | €97,426 | €99,964 | +€2,539 | +2.6% |
| Other amounts payable | 47/48 | €1,548,349 | €1,833,661 | +€285,312 | +18.4% |
| Accrued charges and deferred income | 492/3 | €154,167 | €147,404 | -€6,763 | -4.4% |
| Remuneration, social security and pensions | 62 | €855,478 | €841,271 | -€14,207 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,757 | €50,921 | -€3,836 | -7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €220 | +€220 | |
| Other operating charges | 640/8 | €58,613 | €50,148 | -€8,465 | -14.4% |
| Gross operating margin | 9900 | €938,946 | €724,309 | -€214,637 | -22.9% |
| Operating profit (loss) | 9901 | -€29,903 | -€218,252 | -€188,349 | -630% |
| Financial income | 75/76B | - | €49 | +€49 | |
| Recurring financial income | 75 | - | €49 | +€49 | |
| Financial charges | 65/66B | €74,720 | €61,300 | -€13,420 | -18.0% |
| Recurring financial charges | 65 | €74,720 | €61,300 | -€13,420 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€104,623 | -€279,503 | -€174,880 | -167% |
| Income taxes | 67/77 | €282 | €304 | +€21 | +7.6% |
| Profit (loss) for the period | 9904 | -€104,905 | -€279,806 | -€174,901 | -167% |
| Transfer from tax-exempt reserves | 789 | €39,469 | - | -€39,469 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,437 | -€279,806 | -€214,370 | -328% |
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 14 October 2026 via checked.be.