ADEBO PROJECTS: 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.
ADEBO PROJECTS
Largest movements
- Cash +€72,683
up €72,683 (+142.0%), from €51,201 to €123,884
mainly Net result for the year (+€82,048) and Receivables within one year (+€22,357)
- Receivables within one year -€22,357
down €22,357 (-31.9%), from €70,137 to €47,780
of which Other amounts receivable: -€17,273
- Tangible fixed assets -€14,743
down €14,743 (-9.7%), from €151,317 to €136,574
of which Furniture and vehicles: -€9,142
- Reserves +€82,048
up €82,048 (+67.2%), from €122,178 to €204,226
- Other debts -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Debts after one year -€7,906
down €7,906 (-7.8%), from €101,881 to €93,976
- Trade debts -€4,973
down €4,973 (-63.3%), from €7,858 to €2,885
- Current portion of long-term debt -€3,865
down €3,865 (-32.8%), from €11,771 to €7,906
- Gross operating margin -€57,257
down €57,257 (-46.6%), from €122,917 to €65,660
- Financial income +€50,051
up €50,051 (+40911.3%), from €122 to €50,173
- Taxes -€11,473
down €11,473 (-45.6%), from €25,139 to €13,666
- Depreciation -€9,670
down €9,670 (-36.5%), from €26,478 to €16,808
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 | €290,100 | €323,567 | +€33,467 | +11.5% |
| Fixed assets | 21/28 | €166,317 | €151,574 | -€14,743 | -8.9% |
| Tangible fixed assets | 22/27 | €151,317 | €136,574 | -€14,743 | -9.7% |
| Land and buildings | 22 | €125,309 | €119,708 | -€5,601 | -4.5% |
| Furniture and vehicles | 24 | €26,008 | €16,866 | -€9,142 | -35.1% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €123,783 | €171,993 | +€48,210 | +38.9% |
| Amounts receivable within one year | 40/41 | €70,137 | €47,780 | -€22,357 | -31.9% |
| Trade receivables | 40 | €17,150 | €12,065 | -€5,085 | -29.6% |
| Other amounts receivable | 41 | €52,988 | €35,715 | -€17,273 | -32.6% |
| Cash at bank and in hand | 54/58 | €51,201 | €123,884 | +€72,683 | +142.0% |
| Deferred charges and accrued income | 490/1 | €2,444 | €329 | -€2,116 | -86.6% |
| Total equity and liabilities | 10/49 | €290,100 | €323,567 | +€33,467 | +11.5% |
| Equity | 10/15 | €123,178 | €205,226 | +€82,048 | +66.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €122,178 | €204,226 | +€82,048 | +67.2% |
| Distributable reserves | 133 | €122,178 | €204,226 | +€82,048 | +67.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €166,922 | €118,340 | -€48,582 | -29.1% |
| Amounts payable after more than one year | 17 | €101,881 | €93,976 | -€7,906 | -7.8% |
| Financial debts | 170/4 | €101,881 | €93,976 | -€7,906 | -7.8% |
| Amounts payable within one year | 42/48 | €64,666 | €23,890 | -€40,776 | -63.1% |
| Current portion of amounts payable after more than one year | 42 | €11,771 | €7,906 | -€3,865 | -32.8% |
| Trade debts | 44 | €7,858 | €2,885 | -€4,973 | -63.3% |
| Suppliers | 440/4 | €7,858 | €2,885 | -€4,973 | -63.3% |
| Taxes, remuneration and social security | 45 | €15,037 | €13,099 | -€1,938 | -12.9% |
| Taxes | 450/3 | €13,226 | €11,270 | -€1,956 | -14.8% |
| Remuneration and social security | 454/9 | €1,811 | €1,830 | +€18 | +1.0% |
| Other amounts payable | 47/48 | €30,000 | €0 | -€30,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €375 | €475 | +€100 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,478 | €16,808 | -€9,670 | -36.5% |
| Other operating charges | 640/8 | €1,950 | €1,717 | -€233 | -11.9% |
| Gross operating margin | 9900 | €122,917 | €65,660 | -€57,257 | -46.6% |
| Operating profit (loss) | 9901 | €94,489 | €47,135 | -€47,354 | -50.1% |
| Financial income | 75/76B | €122 | €50,173 | +€50,051 | +40911.3% |
| Recurring financial income | 75 | €122 | €50,173 | +€50,051 | +40911.3% |
| Financial charges | 65/66B | €1,761 | €1,595 | -€166 | -9.4% |
| Recurring financial charges | 65 | €1,761 | €1,595 | -€166 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €92,851 | €95,714 | +€2,864 | +3.1% |
| Income taxes | 67/77 | €25,139 | €13,666 | -€11,473 | -45.6% |
| Profit (loss) for the period | 9904 | €67,712 | €82,048 | +€14,337 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,712 | €82,048 | +€14,337 | +21.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.