ADEODATO: 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.
ADEODATO
Largest movements
- Tangible fixed assets +€609,302
new in 2025: €609,302
- Receivables within one year +€97,483
up €97,483 (+31,728%), from €307 to €97,791
of which Trade receivables: +€97,483
- Cash -€86,896
down €86,896 (-78.5%), from €110,632 to €23,736
mainly Investment in fixed assets (net) (-€682,778) and Receivables within one year (-€97,483)
- Debts after one year +€426,393
new in 2025: €426,393
- Reserves +€103,118
up €103,118 (+114%), from €90,142 to €193,260
- Other debts +€48,130
up €48,130 (+3,109%), from €1,548 to €49,678
- Current portion of long-term debt +€23,607
new in 2025: €23,607
- Tax, wage and social debts +€18,048
up €18,048 (+199%), from €9,078 to €27,126
of which Taxes: +€15,017
- Gross operating margin +€137,743
up €137,743 (+203%), from €67,892 to €205,635
- Depreciation +€73,476
new in 2025: €73,476
- Taxes +€14,599
up €14,599 (+107%), from €13,693 to €28,292
- Financial income +€2,629
new in 2025: €2,629
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 | €110,939 | €730,941 | +€620,002 | +559% |
| Fixed assets | 21/28 | - | €609,302 | +€609,302 | |
| Tangible fixed assets | 22/27 | - | €609,302 | +€609,302 | |
| Land and buildings | 22 | - | €609,302 | +€609,302 | |
| Current assets | 29/58 | €110,939 | €121,639 | +€10,700 | +9.6% |
| Amounts receivable within one year | 40/41 | €307 | €97,791 | +€97,483 | +31,728% |
| Trade receivables | 40 | - | €97,483 | +€97,483 | |
| Other amounts receivable | 41 | €307 | €307 | = | 0.0% |
| Current investments | 50/53 | - | €113 | +€113 | |
| Cash at bank and in hand | 54/58 | €110,632 | €23,736 | -€86,896 | -78.5% |
| Total equity and liabilities | 10/49 | €110,939 | €730,941 | +€620,002 | +559% |
| Equity | 10/15 | €100,142 | €203,260 | +€103,118 | +103% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €90,142 | €193,260 | +€103,118 | +114% |
| Distributable reserves | 133 | €90,142 | €193,260 | +€103,118 | +114% |
| Amounts payable | 17/49 | €10,798 | €527,681 | +€516,884 | +4,787% |
| Amounts payable after more than one year | 17 | - | €426,393 | +€426,393 | |
| Financial debts | 170/4 | - | €426,393 | +€426,393 | |
| Amounts payable within one year | 42/48 | €10,798 | €101,288 | +€90,491 | +838% |
| Current portion of amounts payable after more than one year | 42 | - | €23,607 | +€23,607 | |
| Trade debts | 44 | €172 | €878 | +€706 | +410% |
| Suppliers | 440/4 | €172 | €878 | +€706 | +410% |
| Taxes, remuneration and social security | 45 | €9,078 | €27,126 | +€18,048 | +199% |
| Taxes | 450/3 | €9,078 | €24,095 | +€15,017 | +165% |
| Remuneration and social security | 454/9 | - | €3,031 | +€3,031 | |
| Other amounts payable | 47/48 | €1,548 | €49,678 | +€48,130 | +3,109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €73,476 | +€73,476 | |
| Other operating charges | 640/8 | €513 | €1,323 | +€809 | +158% |
| Gross operating margin | 9900 | €67,892 | €205,635 | +€137,743 | +203% |
| Operating profit (loss) | 9901 | €67,379 | €130,837 | +€63,458 | +94.2% |
| Financial income | 75/76B | - | €2,629 | +€2,629 | |
| Recurring financial income | 75 | - | €2,629 | +€2,629 | |
| Financial charges | 65/66B | €11 | €1,223 | +€1,211 | +10,768% |
| Recurring financial charges | 65 | €11 | €1,223 | +€1,211 | +10,768% |
| Profit (loss) for the period before taxes | 9903 | €67,368 | €132,243 | +€64,876 | +96.3% |
| Income taxes | 67/77 | €13,693 | €28,292 | +€14,599 | +107% |
| Profit (loss) for the period | 9904 | €53,675 | €103,951 | +€50,276 | +93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,675 | €103,951 | +€50,276 | +93.7% |
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 16 October 2026 via checked.be.