ADDOR: 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.
ADDOR
Largest movements
- Cash +€5,376
up €5,376 (+80.7%), from €6,662 to €12,038
mainly Net result for the year (+€8,355) and Tax, wage and social debts (+€4,954)
- Tangible fixed assets +€3,295
up €3,295 (+73.8%), from €4,466 to €7,761
of which Furniture and vehicles: +€4,644
- Receivables within one year -€1,328
down €1,328 (-28.0%), from €4,745 to €3,417
of which Trade receivables: -€723
- Stocks and contracts +€517
up €517 (+38.1%), from €1,359 to €1,876
- Deferred charges and accrued income -€510
down €510 (-91.0%), from €560 to €50
- Short-term financial debts -€9,000
no longer reported in 2025 (was €9,000)
- Reserves +€8,355
up €8,355 (+2,182%), from €383 to €8,738
- Tax, wage and social debts +€4,954
up €4,954 (+7,286%), from €68 to €5,022
of which Taxes: +€2,864
- Other debts +€1,695
up €1,695 (+33.8%), from €5,021 to €6,716
- Trade debts +€837
up €837 (+54.9%), from €1,525 to €2,362
- Gross operating margin +€32,828
up €32,828 (+654%), from €5,018 to €37,846
- Staff costs +€20,080
up €20,080 (+482%), from €4,166 to €24,246
- Taxes +€2,376
new in 2025: €2,376
- Depreciation +€1,429
up €1,429 (+537%), from €266 to €1,695
- Financial charges +€557
up €557 (+274%), from €203 to €760
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 | €17,997 | €25,347 | +€7,350 | +40.8% |
| Fixed assets | 21/28 | €4,671 | €7,966 | +€3,295 | +70.5% |
| Tangible fixed assets | 22/27 | €4,466 | €7,761 | +€3,295 | +73.8% |
| Plant, machinery and equipment | 23 | €4,466 | €3,117 | -€1,349 | -30.2% |
| Furniture and vehicles | 24 | - | €4,644 | +€4,644 | |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €13,326 | €17,381 | +€4,055 | +30.4% |
| Stocks and contracts in progress | 3 | €1,359 | €1,876 | +€517 | +38.1% |
| Stocks | 30/36 | €1,359 | €1,876 | +€517 | +38.1% |
| Amounts receivable within one year | 40/41 | €4,745 | €3,417 | -€1,328 | -28.0% |
| Trade receivables | 40 | €3,798 | €3,075 | -€723 | -19.0% |
| Other amounts receivable | 41 | €947 | €342 | -€605 | -63.9% |
| Cash at bank and in hand | 54/58 | €6,662 | €12,038 | +€5,376 | +80.7% |
| Deferred charges and accrued income | 490/1 | €560 | €50 | -€510 | -91.0% |
| Total equity and liabilities | 10/49 | €17,997 | €25,347 | +€7,350 | +40.8% |
| Equity | 10/15 | €2,383 | €10,738 | +€8,355 | +351% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €383 | €8,738 | +€8,355 | +2,182% |
| Distributable reserves | 133 | €383 | €8,738 | +€8,355 | +2,182% |
| Amounts payable | 17/49 | €15,614 | €14,609 | -€1,005 | -6.4% |
| Amounts payable within one year | 42/48 | €15,614 | €14,609 | -€1,005 | -6.4% |
| Financial debts | 43 | €9,000 | - | -€9,000 | |
| Other loans | 439 | €9,000 | - | -€9,000 | |
| Trade debts | 44 | €1,525 | €2,362 | +€837 | +54.9% |
| Suppliers | 440/4 | €1,525 | €2,362 | +€837 | +54.9% |
| Advances received on contracts in progress | 46 | - | €509 | +€509 | |
| Taxes, remuneration and social security | 45 | €68 | €5,022 | +€4,954 | +7,286% |
| Taxes | 450/3 | €68 | €2,932 | +€2,864 | +4,211% |
| Remuneration and social security | 454/9 | - | €2,091 | +€2,091 | |
| Other amounts payable | 47/48 | €5,021 | €6,716 | +€1,695 | +33.8% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €4,166 | €24,246 | +€20,080 | +482% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €1,695 | +€1,429 | +537% |
| Other operating charges | 640/8 | - | €414 | +€414 | |
| Gross operating margin | 9900 | €5,018 | €37,846 | +€32,828 | +654% |
| Operating profit (loss) | 9901 | €586 | €11,491 | +€10,905 | +1,861% |
| Financial charges | 65/66B | €203 | €760 | +€557 | +274% |
| Recurring financial charges | 65 | €203 | €760 | +€557 | +274% |
| Profit (loss) for the period before taxes | 9903 | €383 | €10,731 | +€10,348 | +2,702% |
| Income taxes | 67/77 | - | €2,376 | +€2,376 | |
| Profit (loss) for the period | 9904 | €383 | €8,355 | +€7,972 | +2,082% |
| Profit (loss) for the period to be appropriated | 9905 | €383 | €8,355 | +€7,972 | +2,082% |
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 13 October 2026 via checked.be.