ADENGO: 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.
ADENGO
Largest movements
- Cash -€43,075
down €43,075 (-35.5%), from €121,390 to €78,315
mainly Tax, wage and social debts (-€24,672) and Deferred charges and accrued income (-€14,211)
- Deferred charges and accrued income +€14,211
up €14,211 (+577.7%), from €2,460 to €16,671
- Receivables within one year -€1,550
down €1,550 (-8.3%), from €18,787 to €17,236
of which Trade receivables: -€18,483
- Tangible fixed assets +€1,514
up €1,514 (+79.9%), from €1,895 to €3,409
of which Furniture and vehicles: +€1,060
- Tax, wage and social debts -€24,672
down €24,672 (-94.8%), from €26,020 to €1,348
of which Taxes: -€21,972
- Reserves -€3,069
down €3,069 (-2.8%), from €109,892 to €106,823
- Gross operating margin -€95,770
down €95,770 (-98.4%), from €97,293 to €1,523
- Taxes -€18,349
down €18,349 (-93.2%), from €19,696 to €1,348
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 | €144,532 | €115,632 | -€28,900 | -20.0% |
| Fixed assets | 21/28 | €1,895 | €3,409 | +€1,514 | +79.9% |
| Tangible fixed assets | 22/27 | €1,895 | €3,409 | +€1,514 | +79.9% |
| Plant, machinery and equipment | 23 | €1,895 | €2,349 | +€453 | +23.9% |
| Furniture and vehicles | 24 | - | €1,060 | +€1,060 | |
| Current assets | 29/58 | €142,636 | €112,223 | -€30,414 | -21.3% |
| Amounts receivable within one year | 40/41 | €18,787 | €17,236 | -€1,550 | -8.3% |
| Trade receivables | 40 | €18,483 | - | -€18,483 | |
| Other amounts receivable | 41 | €304 | €17,236 | +€16,932 | +5573.5% |
| Cash at bank and in hand | 54/58 | €121,390 | €78,315 | -€43,075 | -35.5% |
| Deferred charges and accrued income | 490/1 | €2,460 | €16,671 | +€14,211 | +577.7% |
| Total equity and liabilities | 10/49 | €144,532 | €115,632 | -€28,900 | -20.0% |
| Equity | 10/15 | €114,892 | €111,823 | -€3,069 | -2.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €109,892 | €106,823 | -€3,069 | -2.8% |
| Distributable reserves | 133 | €109,892 | €106,823 | -€3,069 | -2.8% |
| Amounts payable | 17/49 | €29,639 | €3,809 | -€25,831 | -87.1% |
| Amounts payable within one year | 42/48 | €29,639 | €3,809 | -€25,831 | -87.1% |
| Trade debts | 44 | €2,761 | €2,461 | -€300 | -10.9% |
| Suppliers | 440/4 | €2,761 | €2,461 | -€300 | -10.9% |
| Taxes, remuneration and social security | 45 | €26,020 | €1,348 | -€24,672 | -94.8% |
| Taxes | 450/3 | €23,319 | €1,348 | -€21,972 | -94.2% |
| Remuneration and social security | 454/9 | €2,701 | - | -€2,701 | |
| Other amounts payable | 47/48 | €858 | - | -€858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,327 | €1,093 | -€235 | -17.7% |
| Other operating charges | 640/8 | €154 | €210 | +€56 | +36.1% |
| Gross operating margin | 9900 | €97,293 | €1,523 | -€95,770 | -98.4% |
| Operating profit (loss) | 9901 | €95,812 | €220 | -€95,591 | -99.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €2,495 | €1,942 | -€553 | -22.2% |
| Recurring financial charges | 65 | €2,495 | €1,942 | -€553 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €93,317 | -€1,722 | -€95,039 | |
| Income taxes | 67/77 | €19,696 | €1,348 | -€18,349 | -93.2% |
| Profit (loss) for the period | 9904 | €73,621 | -€3,069 | -€76,690 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,621 | -€3,069 | -€76,690 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.