ADEGO: what changed
Two fiscal 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.
ADEGO
Largest movements
- Receivables within one year +€32,193
up €32,193 (+126.9%), from €25,375 to €57,569
of which Trade receivables: +€21,713
- Cash +€5,023
up €5,023 (+94.6%), from €5,311 to €10,334
mainly Other debts (+€29,700) and Net result for the year (+€21,226)
- Tangible fixed assets -€1,762
down €1,762 (-29.7%), from €5,938 to €4,175
of which Furniture and vehicles: -€1,249
- Intangible fixed assets -€1,000
down €1,000 (-19.0%), from €5,250 to €4,250
- Other debts +€29,700
up €29,700, from €0 to €29,700
- Reserves -€11,554
down €11,554 (-32.7%), from €35,300 to €23,746
- Trade debts +€10,093
up €10,093 (+242.8%), from €4,157 to €14,249
- Tax, wage and social debts +€3,359
up €3,359 (+55.3%), from €6,079 to €9,439
- Profit (loss) carried forward +€3,080
up €3,080, from -€3,080 to €0
- Gross operating margin +€23,354
up €23,354 (+213.7%), from €10,930 to €34,283
- Taxes +€4,866
up €4,866 (+210.0%), from €2,317 to €7,183
- Write-downs +€2,475
new in 2026: €2,475
- Depreciation -€904
down €904 (-24.7%), from €3,667 to €2,762
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,655 | €79,337 | +€34,683 | +77.7% |
| Fixed assets | 21/28 | €11,542 | €8,779 | -€2,762 | -23.9% |
| Intangible fixed assets | 21 | €5,250 | €4,250 | -€1,000 | -19.0% |
| Tangible fixed assets | 22/27 | €5,938 | €4,175 | -€1,762 | -29.7% |
| Plant, machinery and equipment | 23 | €3,178 | €2,665 | -€514 | -16.2% |
| Furniture and vehicles | 24 | €2,760 | €1,511 | -€1,249 | -45.3% |
| Financial fixed assets | 28 | €354 | €354 | = | 0.0% |
| Current assets | 29/58 | €33,113 | €70,558 | +€37,445 | +113.1% |
| Stocks and contracts in progress | 3 | €1,161 | €1,118 | -€43 | -3.7% |
| Stocks | 30/36 | €1,161 | €1,118 | -€43 | -3.7% |
| Amounts receivable within one year | 40/41 | €25,375 | €57,569 | +€32,193 | +126.9% |
| Trade receivables | 40 | €21,472 | €43,186 | +€21,713 | +101.1% |
| Other amounts receivable | 41 | €3,903 | €14,383 | +€10,480 | +268.5% |
| Cash at bank and in hand | 54/58 | €5,311 | €10,334 | +€5,023 | +94.6% |
| Deferred charges and accrued income | 490/1 | €1,266 | €1,537 | +€272 | +21.5% |
| Total equity and liabilities | 10/49 | €44,655 | €79,337 | +€34,683 | +77.7% |
| Equity | 10/15 | €34,220 | €25,746 | -€8,474 | -24.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €35,300 | €23,746 | -€11,554 | -32.7% |
| Distributable reserves | 133 | €35,300 | €23,746 | -€11,554 | -32.7% |
| Profit (loss) carried forward | 14 | -€3,080 | €0 | +€3,080 | |
| Amounts payable | 17/49 | €10,434 | €53,591 | +€43,157 | +413.6% |
| Amounts payable within one year | 42/48 | €10,236 | €53,388 | +€43,152 | +421.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,157 | €14,249 | +€10,093 | +242.8% |
| Suppliers | 440/4 | €4,157 | €14,249 | +€10,093 | +242.8% |
| Taxes, remuneration and social security | 45 | €6,079 | €9,439 | +€3,359 | +55.3% |
| Taxes | 450/3 | €6,079 | €9,439 | +€3,359 | +55.3% |
| Other amounts payable | 47/48 | €0 | €29,700 | +€29,700 | |
| Accrued charges and deferred income | 492/3 | €198 | €203 | +€5 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,667 | €2,762 | -€904 | -24.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,475 | +€2,475 | |
| Other operating charges | 640/8 | €736 | €758 | +€23 | +3.1% |
| Gross operating margin | 9900 | €10,930 | €34,283 | +€23,354 | +213.7% |
| Operating profit (loss) | 9901 | €6,527 | €28,288 | +€21,760 | +333.4% |
| Financial income | 75/76B | €1 | €276 | +€275 | +38777.5% |
| Recurring financial income | 75 | €1 | €276 | +€275 | +38777.5% |
| Financial charges | 65/66B | €399 | €155 | -€244 | -61.2% |
| Recurring financial charges | 65 | €399 | €155 | -€244 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €6,129 | €28,409 | +€22,280 | +363.5% |
| Income taxes | 67/77 | €2,317 | €7,183 | +€4,866 | +210.0% |
| Profit (loss) for the period | 9904 | €3,812 | €21,226 | +€17,414 | +456.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,812 | €21,226 | +€17,414 | +456.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.