ADDO: 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.
ADDO
Largest movements
- Current investments -€104,834
down €104,834 (-83.9%), from €125,025 to €20,191
- Cash -€5,877
down €5,877 (-90.0%), from €6,531 to €654
mainly Other debts (-€101,980) and Net result for the year (-€8,929)
- Other debts -€101,980
down €101,980 (-56.4%), from €180,890 to €78,910
- Profit (loss) carried forward -€8,929
down €8,929 (-17.5%), from -€51,053 to -€59,982
- Gross operating margin +€15,383
up €15,383 (+67.0%), from -€22,952 to -€7,568
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 | €136,075 | €24,550 | -€111,525 | -82.0% |
| Fixed assets | 21/28 | €1,276 | €470 | -€806 | -63.1% |
| Tangible fixed assets | 22/27 | €1,276 | €470 | -€806 | -63.1% |
| Furniture and vehicles | 24 | €1,276 | €470 | -€806 | -63.1% |
| Current assets | 29/58 | €134,800 | €24,080 | -€110,720 | -82.1% |
| Stocks and contracts in progress | 3 | €2,721 | €2,721 | = | 0.0% |
| Stocks | 30/36 | €2,721 | €2,721 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €523 | €514 | -€9 | -1.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €523 | €514 | -€9 | -1.7% |
| Current investments | 50/53 | €125,025 | €20,191 | -€104,834 | -83.9% |
| Cash at bank and in hand | 54/58 | €6,531 | €654 | -€5,877 | -90.0% |
| Total equity and liabilities | 10/49 | €136,075 | €24,550 | -€111,525 | -82.0% |
| Equity | 10/15 | -€45,553 | -€54,482 | -€8,929 | -19.6% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,053 | -€59,982 | -€8,929 | -17.5% |
| Amounts payable | 17/49 | €181,629 | €79,032 | -€102,597 | -56.5% |
| Amounts payable within one year | 42/48 | €181,629 | €79,032 | -€102,597 | -56.5% |
| Financial debts | 43 | €0 | €19 | +€19 | |
| Credit institutions | 430/8 | €0 | €19 | +€19 | |
| Trade debts | 44 | €739 | €103 | -€636 | -86.0% |
| Suppliers | 440/4 | €739 | €103 | -€636 | -86.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €180,890 | €78,910 | -€101,980 | -56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €902 | €806 | -€96 | -10.7% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€22,952 | -€7,568 | +€15,383 | +67.0% |
| Operating profit (loss) | 9901 | -€24,381 | -€8,918 | +€15,463 | +63.4% |
| Financial income | 75/76B | €0 | €167 | +€167 | |
| Recurring financial income | 75 | €0 | €167 | +€167 | |
| Financial charges | 65/66B | €233 | €178 | -€55 | -23.6% |
| Recurring financial charges | 65 | €233 | €178 | -€55 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,614 | -€8,929 | +€15,685 | +63.7% |
| Profit (loss) for the period | 9904 | -€24,614 | -€8,929 | +€15,685 | +63.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,614 | -€8,929 | +€15,685 | +63.7% |
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 9 October 2026 via checked.be.