Adeona: 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.
Adeona
Largest movements
- Cash -€158,478
down €158,478 (-25.7%), from €617,796 to €459,318
mainly Other debts (-€235,454) and Contributions, distributions and other (-€160,000)
- Receivables within one year +€139,926
up €139,926 (+72.7%), from €192,367 to €332,293
of which Trade receivables: +€111,926
- Formation expenses -€48,582
down €48,582 (-15.4%), from €315,782 to €267,200
- Other debts -€235,454
down €235,454 (-69.3%), from €340,000 to €104,546
- Accrued charges and deferred income +€106,300
up €106,300 (+17.5%), from €607,574 to €713,874
- Profit (loss) carried forward +€29,600
up €29,600 (+686%), from €4,318 to €33,917
- Tax, wage and social debts +€22,366
up €22,366 (+16.8%), from €132,896 to €155,261
of which Taxes: +€21,634
- Staff costs +€69,671
up €69,671 (+16.3%), from €426,638 to €496,309
- Gross operating margin -€65,155
down €65,155 (-7.4%), from €885,320 to €820,166
- Taxes -€36,175
down €36,175 (-30.5%), from €118,532 to €82,357
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 | €1,143,534 | €1,074,009 | -€69,525 | -6.1% |
| Formation expenses | 20 | €315,782 | €267,200 | -€48,582 | -15.4% |
| Fixed assets | 21/28 | €5,076 | €2,835 | -€2,241 | -44.1% |
| Tangible fixed assets | 22/27 | €5,076 | €2,518 | -€2,558 | -50.4% |
| Furniture and vehicles | 24 | €5,076 | €2,518 | -€2,558 | -50.4% |
| Financial fixed assets | 28 | - | €317 | +€317 | |
| Current assets | 29/58 | €822,676 | €803,974 | -€18,703 | -2.3% |
| Amounts receivable within one year | 40/41 | €192,367 | €332,293 | +€139,926 | +72.7% |
| Trade receivables | 40 | €192,367 | €304,293 | +€111,926 | +58.2% |
| Other amounts receivable | 41 | - | €28,000 | +€28,000 | |
| Cash at bank and in hand | 54/58 | €617,796 | €459,318 | -€158,478 | -25.7% |
| Deferred charges and accrued income | 490/1 | €12,514 | €12,363 | -€151 | -1.2% |
| Total equity and liabilities | 10/49 | €1,143,534 | €1,074,009 | -€69,525 | -6.1% |
| Equity | 10/15 | €52,968 | €82,567 | +€29,600 | +55.9% |
| Contributions | 10/11 | €48,550 | €48,550 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,318 | €33,917 | +€29,600 | +686% |
| Amounts payable | 17/49 | €1,090,567 | €991,442 | -€99,125 | -9.1% |
| Amounts payable within one year | 42/48 | €482,993 | €277,568 | -€205,425 | -42.5% |
| Trade debts | 44 | €10,097 | €17,760 | +€7,663 | +75.9% |
| Suppliers | 440/4 | €10,097 | €17,760 | +€7,663 | +75.9% |
| Taxes, remuneration and social security | 45 | €132,896 | €155,261 | +€22,366 | +16.8% |
| Taxes | 450/3 | €80,468 | €102,103 | +€21,634 | +26.9% |
| Remuneration and social security | 454/9 | €52,427 | €53,159 | +€731 | +1.4% |
| Other amounts payable | 47/48 | €340,000 | €104,546 | -€235,454 | -69.3% |
| Accrued charges and deferred income | 492/3 | €607,574 | €713,874 | +€106,300 | +17.5% |
| Remuneration, social security and pensions | 62 | €426,638 | €496,309 | +€69,671 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,514 | €51,875 | -€639 | -1.2% |
| Other operating charges | 640/8 | €797 | €1,118 | +€322 | +40.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €885,320 | €820,166 | -€65,155 | -7.4% |
| Operating profit (loss) | 9901 | €405,371 | €270,863 | -€134,508 | -33.2% |
| Financial income | 75/76B | €5,441 | €1,090 | -€4,352 | -80.0% |
| Recurring financial income | 75 | €5,441 | €1,090 | -€4,352 | -80.0% |
| Financial charges | 65/66B | €113 | -€3 | -€116 | |
| Recurring financial charges | 65 | €113 | -€3 | -€116 | |
| Profit (loss) for the period before taxes | 9903 | €410,699 | €271,956 | -€138,743 | -33.8% |
| Income taxes | 67/77 | €118,532 | €82,357 | -€36,175 | -30.5% |
| Profit (loss) for the period | 9904 | €292,167 | €189,600 | -€102,568 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €292,167 | €189,600 | -€102,568 | -35.1% |
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.