ADENERGIE: 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.
ADENERGIE
Largest movements
- Cash +€229,960
up €229,960 (+78.0%), from €294,646 to €524,606
mainly Other debts (+€493,000) and Net result for the year (+€173,833)
- Receivables within one year -€44,244
down €44,244 (-59.9%), from €73,887 to €29,643
of which Trade receivables: -€49,466
- Tangible fixed assets -€11,942
down €11,942 (-27.7%), from €43,155 to €31,214
of which Furniture and vehicles: -€9,878
- Other debts +€493,000
new in 2025: €493,000
- Profit (loss) carried forward -€406,167
down €406,167 (-97.1%), from €418,154 to €11,987
- Tax, wage and social debts +€99,014
up €99,014 (+169%), from €58,447 to €157,461
of which Taxes: +€97,702
- Debts after one year -€8,071
down €8,071 (-35.0%), from €23,045 to €14,975
- Gross operating margin +€97,749
up €97,749 (+52.3%), from €186,795 to €284,543
- Taxes +€27,038
up €27,038 (+97.5%), from €27,727 to €54,765
- Staff costs +€5,176
up €5,176 (+11.9%), from €43,502 to €48,677
- Depreciation -€3,671
down €3,671 (-23.5%), from €15,613 to €11,942
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 | €529,328 | €703,342 | +€174,014 | +32.9% |
| Fixed assets | 21/28 | €43,155 | €31,214 | -€11,942 | -27.7% |
| Tangible fixed assets | 22/27 | €43,155 | €31,214 | -€11,942 | -27.7% |
| Land and buildings | 22 | €4,800 | €3,200 | -€1,600 | -33.3% |
| Plant, machinery and equipment | 23 | €1,030 | €566 | -€463 | -45.0% |
| Furniture and vehicles | 24 | €37,326 | €27,447 | -€9,878 | -26.5% |
| Current assets | 29/58 | €486,173 | €672,129 | +€185,956 | +38.2% |
| Amounts receivable after more than one year | 29 | €111,000 | €111,000 | = | 0.0% |
| Trade receivables | 290 | €111,000 | €111,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,887 | €29,643 | -€44,244 | -59.9% |
| Trade receivables | 40 | €68,597 | €19,131 | -€49,466 | -72.1% |
| Other amounts receivable | 41 | €5,290 | €10,512 | +€5,222 | +98.7% |
| Cash at bank and in hand | 54/58 | €294,646 | €524,606 | +€229,960 | +78.0% |
| Deferred charges and accrued income | 490/1 | €6,640 | €6,879 | +€239 | +3.6% |
| Total equity and liabilities | 10/49 | €529,328 | €703,342 | +€174,014 | +32.9% |
| Equity | 10/15 | €425,654 | €19,487 | -€406,167 | -95.4% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €418,154 | €11,987 | -€406,167 | -97.1% |
| Amounts payable | 17/49 | €103,674 | €683,855 | +€580,181 | +560% |
| Amounts payable after more than one year | 17 | €23,045 | €14,975 | -€8,071 | -35.0% |
| Financial debts | 170/4 | €23,045 | €14,975 | -€8,071 | -35.0% |
| Amounts payable within one year | 42/48 | €80,629 | €668,880 | +€588,252 | +730% |
| Current portion of amounts payable after more than one year | 42 | €7,735 | €8,071 | +€335 | +4.3% |
| Trade debts | 44 | €14,447 | €10,348 | -€4,098 | -28.4% |
| Suppliers | 440/4 | €14,447 | €10,348 | -€4,098 | -28.4% |
| Taxes, remuneration and social security | 45 | €58,447 | €157,461 | +€99,014 | +169% |
| Taxes | 450/3 | €51,917 | €149,620 | +€97,702 | +188% |
| Remuneration and social security | 454/9 | €6,530 | €7,842 | +€1,312 | +20.1% |
| Other amounts payable | 47/48 | - | €493,000 | +€493,000 | |
| Remuneration, social security and pensions | 62 | €43,502 | €48,677 | +€5,176 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,613 | €11,942 | -€3,671 | -23.5% |
| Other operating charges | 640/8 | €2,981 | €404 | -€2,577 | -86.5% |
| Gross operating margin | 9900 | €186,795 | €284,543 | +€97,749 | +52.3% |
| Operating profit (loss) | 9901 | €124,698 | €223,520 | +€98,822 | +79.2% |
| Financial income | 75/76B | €6,453 | €6,343 | -€110 | -1.7% |
| Recurring financial income | 75 | €6,453 | €6,343 | -€110 | -1.7% |
| Financial charges | 65/66B | €1,748 | €1,265 | -€483 | -27.6% |
| Recurring financial charges | 65 | €1,748 | €1,265 | -€483 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €129,404 | €228,598 | +€99,194 | +76.7% |
| Income taxes | 67/77 | €27,727 | €54,765 | +€27,038 | +97.5% |
| Profit (loss) for the period | 9904 | €101,677 | €173,833 | +€72,156 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €101,677 | €173,833 | +€72,156 | +71.0% |
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.