ADELO MANAGEMENTS: 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.
ADELO MANAGEMENTS
Largest movements
- Receivables within one year -€13,817
down €13,817 (-91.8%), from €15,052 to €1,235
- Cash +€833
up €833 (+244%), from €342 to €1,174
mainly Receivables within one year (+€13,817) and Net result for the year (+€3,435)
- Debts after one year -€7,840
down €7,840 (-46.7%), from €16,798 to €8,958
- Other debts -€5,792
down €5,792 (-29.4%), from €19,697 to €13,905
- Reserves +€3,435
up €3,435 (+17.7%), from €19,459 to €22,895
- Tax, wage and social debts -€3,179
down €3,179 (-25.5%), from €12,491 to €9,312
- Gross operating margin -€19,374
down €19,374 (-75.0%), from €25,849 to €6,474
- Taxes -€5,108
down €5,108 (-77.5%), from €6,588 to €1,479
- Financial charges -€661
down €661 (-36.3%), from €1,821 to €1,160
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 | €77,894 | €64,909 | -€12,985 | -16.7% |
| Fixed assets | 21/28 | €62,500 | €62,500 | = | 0.0% |
| Financial fixed assets | 28 | €62,500 | €62,500 | = | 0.0% |
| Current assets | 29/58 | €15,394 | €2,409 | -€12,985 | -84.3% |
| Amounts receivable within one year | 40/41 | €15,052 | €1,235 | -€13,817 | -91.8% |
| Trade receivables | 40 | €15,052 | €1,235 | -€13,817 | -91.8% |
| Cash at bank and in hand | 54/58 | €342 | €1,174 | +€833 | +244% |
| Total equity and liabilities | 10/49 | €77,894 | €64,909 | -€12,985 | -16.7% |
| Equity | 10/15 | €21,459 | €24,895 | +€3,435 | +16.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,459 | €22,895 | +€3,435 | +17.7% |
| Distributable reserves | 133 | €19,459 | €22,895 | +€3,435 | +17.7% |
| Amounts payable | 17/49 | €56,435 | €40,015 | -€16,420 | -29.1% |
| Amounts payable after more than one year | 17 | €16,798 | €8,958 | -€7,840 | -46.7% |
| Financial debts | 170/4 | €16,798 | €8,958 | -€7,840 | -46.7% |
| Amounts payable within one year | 42/48 | €39,637 | €31,057 | -€8,580 | -21.6% |
| Financial debts | 43 | €7,449 | €7,840 | +€391 | +5.3% |
| Credit institutions | 430/8 | €7,449 | €7,840 | +€391 | +5.3% |
| Taxes, remuneration and social security | 45 | €12,491 | €9,312 | -€3,179 | -25.5% |
| Taxes | 450/3 | €12,491 | €9,312 | -€3,179 | -25.5% |
| Other amounts payable | 47/48 | €19,697 | €13,905 | -€5,792 | -29.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €25,849 | €6,474 | -€19,374 | -75.0% |
| Operating profit (loss) | 9901 | €25,461 | €6,075 | -€19,386 | -76.1% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €1,821 | €1,160 | -€661 | -36.3% |
| Recurring financial charges | 65 | €1,821 | €1,160 | -€661 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €23,645 | €4,914 | -€18,730 | -79.2% |
| Income taxes | 67/77 | €6,588 | €1,479 | -€5,108 | -77.5% |
| Profit (loss) for the period | 9904 | €17,057 | €3,435 | -€13,622 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,057 | €3,435 | -€13,622 | -79.9% |
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.