Adeleon: 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.
Adeleon
Largest movements
- Cash +€36,544
up €36,544 (+560%), from €6,527 to €43,072
mainly Other debts (+€35,278) and Tax, wage and social debts (+€30,372)
- Tangible fixed assets +€35,166
new in 2025: €35,166
- Stocks and contracts +€12,080
new in 2025: €12,080
- Receivables within one year +€5,172
up €5,172 (+400%), from €1,292 to €6,463
of which Trade receivables: +€2,800
- Other debts +€35,278
up €35,278 (+335%), from €10,531 to €45,809
- Tax, wage and social debts +€30,372
up €30,372 (+588%), from €5,167 to €35,538
of which Remuneration and social security: +€30,629
- Profit (loss) carried forward +€18,004
up €18,004 (+42.4%), from -€42,494 to -€24,490
- Trade debts +€9,652
up €9,652 (+96.9%), from €9,962 to €19,614
- Current portion of long-term debt -€3,072
down €3,072 (-62.1%), from €4,943 to €1,872
- Gross operating margin +€207,848
up €207,848, from -€9,635 to €198,213
- Staff costs +€166,862
up €166,862 (+66,622%), from €250 to €167,113
- Financial charges +€4,197
up €4,197 (+208%), from €2,022 to €6,219
- Other operating charges -€4,054
down €4,054 (-45.9%), from €8,825 to €4,771
- Depreciation +€2,073
new in 2025: €2,073
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 | €9,441 | €97,804 | +€88,363 | +936% |
| Fixed assets | 21/28 | €1,270 | €35,470 | +€34,200 | +2,693% |
| Tangible fixed assets | 22/27 | - | €35,166 | +€35,166 | |
| Furniture and vehicles | 24 | - | €35,166 | +€35,166 | |
| Financial fixed assets | 28 | €1,270 | €304 | -€966 | -76.0% |
| Current assets | 29/58 | €8,171 | €62,333 | +€54,162 | +663% |
| Stocks and contracts in progress | 3 | - | €12,080 | +€12,080 | |
| Stocks | 30/36 | - | €12,080 | +€12,080 | |
| Amounts receivable within one year | 40/41 | €1,292 | €6,463 | +€5,172 | +400% |
| Trade receivables | 40 | €1,292 | €4,092 | +€2,800 | +217% |
| Other amounts receivable | 41 | - | €2,371 | +€2,371 | |
| Cash at bank and in hand | 54/58 | €6,527 | €43,072 | +€36,544 | +560% |
| Deferred charges and accrued income | 490/1 | €352 | €718 | +€366 | +104% |
| Total equity and liabilities | 10/49 | €9,441 | €97,804 | +€88,363 | +936% |
| Equity | 10/15 | -€23,035 | -€5,031 | +€18,004 | +78.2% |
| Contributions | 10/11 | €17,600 | €17,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,494 | -€24,490 | +€18,004 | +42.4% |
| Amounts payable | 17/49 | €32,476 | €102,834 | +€70,358 | +217% |
| Amounts payable after more than one year | 17 | €1,872 | - | -€1,872 | |
| Financial debts | 170/4 | €1,872 | - | -€1,872 | |
| Amounts payable within one year | 42/48 | €30,604 | €102,834 | +€72,230 | +236% |
| Current portion of amounts payable after more than one year | 42 | €4,943 | €1,872 | -€3,072 | -62.1% |
| Trade debts | 44 | €9,962 | €19,614 | +€9,652 | +96.9% |
| Suppliers | 440/4 | €9,962 | €19,614 | +€9,652 | +96.9% |
| Taxes, remuneration and social security | 45 | €5,167 | €35,538 | +€30,372 | +588% |
| Taxes | 450/3 | €3,702 | €3,445 | -€257 | -7.0% |
| Remuneration and social security | 454/9 | €1,464 | €32,094 | +€30,629 | +2,091% |
| Other amounts payable | 47/48 | €10,531 | €45,809 | +€35,278 | +335% |
| Remuneration, social security and pensions | 62 | €250 | €167,113 | +€166,862 | +66,622% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,073 | +€2,073 | |
| Other operating charges | 640/8 | €8,825 | €4,771 | -€4,054 | -45.9% |
| Gross operating margin | 9900 | -€9,635 | €198,213 | +€207,848 | |
| Operating profit (loss) | 9901 | -€18,710 | €24,257 | +€42,967 | |
| Financial charges | 65/66B | €2,022 | €6,219 | +€4,197 | +208% |
| Recurring financial charges | 65 | €2,022 | €6,219 | +€4,197 | +208% |
| Profit (loss) for the period before taxes | 9903 | -€20,733 | €18,038 | +€38,770 | |
| Income taxes | 67/77 | -€59 | €33 | +€92 | |
| Profit (loss) for the period | 9904 | -€20,674 | €18,004 | +€38,678 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,674 | €18,004 | +€38,678 |
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 19 October 2026 via checked.be.