Adenta: 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.
Adenta
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+72.7%), from €1.6m to €2.8m
of which Land and buildings: +€1.2m
- Current investments -€491,096
down €491,096 (-74.2%), from €662,000 to €170,904
- Cash +€156,311
up €156,311 (+24.0%), from €651,401 to €807,712
mainly Debts after one year (+€855,495) and Current investments (+€491,096)
- Receivables after one year -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Debts after one year +€855,495
up €855,495 (+89.8%), from €952,410 to €1.8m
- Reserves -€222,613
down €222,613 (-11.5%), from €1.9m to €1.7m
- Current portion of long-term debt +€68,958
up €68,958 (+68.5%), from €100,615 to €169,573
- Gross operating margin +€150,313
up €150,313 (+15.7%), from €958,005 to €1.1m
- Depreciation +€115,634
up €115,634 (+99.4%), from €116,283 to €231,917
- Write-downs +€46,080
new in 2025: €46,080
- Staff costs -€12,638
down €12,638 (-7.8%), from €161,643 to €149,005
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 | €3,114,589 | €3,797,361 | +€682,772 | +21.9% |
| Fixed assets | 21/28 | €1,597,584 | €2,759,502 | +€1.2m | +72.7% |
| Tangible fixed assets | 22/27 | €1,597,584 | €2,759,502 | +€1.2m | +72.7% |
| Land and buildings | 22 | €1,445,426 | €2,668,503 | +€1.2m | +84.6% |
| Plant, machinery and equipment | 23 | €56,431 | €27,834 | -€28,598 | -50.7% |
| Furniture and vehicles | 24 | €95,726 | €63,165 | -€32,562 | -34.0% |
| Current assets | 29/58 | €1,517,006 | €1,037,859 | -€479,146 | -31.6% |
| Amounts receivable after more than one year | 29 | €150,000 | €0 | -€150,000 | -100.0% |
| Other amounts receivable | 291 | €150,000 | €0 | -€150,000 | -100.0% |
| Stocks and contracts in progress | 3 | €17,285 | €15,549 | -€1,736 | -10.0% |
| Stocks | 30/36 | €17,285 | €15,549 | -€1,736 | -10.0% |
| Amounts receivable within one year | 40/41 | €30,721 | €31,378 | +€657 | +2.1% |
| Trade receivables | 40 | €721 | €1,378 | +€657 | +91.1% |
| Other amounts receivable | 41 | €30,000 | €30,000 | = | 0.0% |
| Current investments | 50/53 | €662,000 | €170,904 | -€491,096 | -74.2% |
| Cash at bank and in hand | 54/58 | €651,401 | €807,712 | +€156,311 | +24.0% |
| Deferred charges and accrued income | 490/1 | €5,598 | €12,316 | +€6,718 | +120.0% |
| Total equity and liabilities | 10/49 | €3,114,589 | €3,797,361 | +€682,772 | +21.9% |
| Equity | 10/15 | €1,934,050 | €1,711,437 | -€222,613 | -11.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,927,850 | €1,705,237 | -€222,613 | -11.5% |
| Distributable reserves | 133 | €1,927,850 | €1,705,237 | -€222,613 | -11.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,180,539 | €2,085,924 | +€905,385 | +76.7% |
| Amounts payable after more than one year | 17 | €952,410 | €1,807,905 | +€855,495 | +89.8% |
| Financial debts | 170/4 | €952,410 | €1,807,905 | +€855,495 | +89.8% |
| Amounts payable within one year | 42/48 | €200,944 | €243,699 | +€42,755 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €100,615 | €169,573 | +€68,958 | +68.5% |
| Trade debts | 44 | €19,825 | €14,834 | -€4,992 | -25.2% |
| Suppliers | 440/4 | €19,825 | €14,834 | -€4,992 | -25.2% |
| Taxes, remuneration and social security | 45 | €77,039 | €58,515 | -€18,524 | -24.0% |
| Taxes | 450/3 | €53,018 | €39,607 | -€13,411 | -25.3% |
| Remuneration and social security | 454/9 | €24,021 | €18,908 | -€5,113 | -21.3% |
| Other amounts payable | 47/48 | €3,465 | €778 | -€2,687 | -77.6% |
| Accrued charges and deferred income | 492/3 | €27,185 | €34,319 | +€7,134 | +26.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €161,643 | €149,005 | -€12,638 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,283 | €231,917 | +€115,634 | +99.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €46,080 | +€46,080 | |
| Other operating charges | 640/8 | €10,385 | €11,095 | +€710 | +6.8% |
| Gross operating margin | 9900 | €958,005 | €1,108,318 | +€150,313 | +15.7% |
| Operating profit (loss) | 9901 | €669,694 | €670,221 | +€527 | +0.1% |
| Financial income | 75/76B | €25,521 | €20,457 | -€5,064 | -19.8% |
| Recurring financial income | 75 | €25,521 | €20,457 | -€5,064 | -19.8% |
| Financial charges | 65/66B | €12,747 | €15,364 | +€2,617 | +20.5% |
| Recurring financial charges | 65 | €12,747 | €15,364 | +€2,617 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €682,467 | €675,313 | -€7,154 | -1.0% |
| Income taxes | 67/77 | €219,912 | €220,375 | +€462 | +0.2% |
| Profit (loss) for the period | 9904 | €462,554 | €454,939 | -€7,616 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €462,554 | €454,939 | -€7,616 | -1.6% |
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 10 October 2026 via checked.be.