ADESHA: 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.
ADESHA
Largest movements
- Cash +€493,314
up €493,314 (+2001.9%), from €24,642 to €517,956
mainly Net result for the year (+€362,697) and Tax, wage and social debts (+€141,270)
- Receivables within one year +€38,367
up €38,367 (+117.3%), from €32,718 to €71,085
- Reserves +€362,697
up €362,697 (+1392.7%), from €26,042 to €388,739
- Tax, wage and social debts +€141,270
up €141,270 (+1303.1%), from €10,841 to €152,111
of which Taxes: +€140,451
- Trade debts +€29,202
up €29,202 (+6122.3%), from €477 to €29,679
- Gross operating margin +€452,321
up €452,321 (+1369.3%), from €33,034 to €485,355
- Taxes +€107,838
up €107,838 (+1656.4%), from €6,510 to €114,349
- Staff costs +€7,438
new in 2025: €7,438
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 | €57,360 | €590,920 | +€533,559 | +930.2% |
| Current assets | 29/58 | €57,360 | €590,920 | +€533,559 | +930.2% |
| Amounts receivable within one year | 40/41 | €32,718 | €71,085 | +€38,367 | +117.3% |
| Trade receivables | 40 | €32,718 | €71,085 | +€38,367 | +117.3% |
| Cash at bank and in hand | 54/58 | €24,642 | €517,956 | +€493,314 | +2001.9% |
| Deferred charges and accrued income | 490/1 | - | €1,878 | +€1,878 | |
| Total equity and liabilities | 10/49 | €57,360 | €590,920 | +€533,559 | +930.2% |
| Equity | 10/15 | €46,042 | €408,739 | +€362,697 | +787.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €26,042 | €388,739 | +€362,697 | +1392.7% |
| Distributable reserves | 133 | €26,042 | €388,739 | +€362,697 | +1392.7% |
| Amounts payable | 17/49 | €11,318 | €182,181 | +€170,862 | +1509.6% |
| Amounts payable within one year | 42/48 | €11,318 | €182,181 | +€170,862 | +1509.6% |
| Trade debts | 44 | €477 | €29,679 | +€29,202 | +6122.3% |
| Suppliers | 440/4 | €477 | €29,679 | +€29,202 | +6122.3% |
| Taxes, remuneration and social security | 45 | €10,841 | €152,111 | +€141,270 | +1303.1% |
| Taxes | 450/3 | €10,841 | €151,292 | +€140,451 | +1295.5% |
| Remuneration and social security | 454/9 | - | €819 | +€819 | |
| Other amounts payable | 47/48 | - | €391 | +€391 | |
| Remuneration, social security and pensions | 62 | - | €7,438 | +€7,438 | |
| Other operating charges | 640/8 | €437 | €528 | +€90 | +20.7% |
| Gross operating margin | 9900 | €33,034 | €485,355 | +€452,321 | +1369.3% |
| Operating profit (loss) | 9901 | €32,597 | €477,389 | +€444,792 | +1364.5% |
| Financial charges | 65/66B | €44 | €343 | +€299 | +673.5% |
| Recurring financial charges | 65 | €44 | €343 | +€299 | +673.5% |
| Profit (loss) for the period before taxes | 9903 | €32,552 | €477,046 | +€444,493 | +1365.5% |
| Income taxes | 67/77 | €6,510 | €114,349 | +€107,838 | +1656.4% |
| Profit (loss) for the period | 9904 | €26,042 | €362,697 | +€336,655 | +1292.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,042 | €362,697 | +€336,655 | +1292.7% |
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 7 October 2026 via checked.be.