ADESKO: 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.
ADESKO
Largest movements
- Receivables within one year -€36,383
down €36,383 (-12.5%), from €290,951 to €254,568
of which Other amounts receivable: -€29,936
- Tangible fixed assets -€15,161
down €15,161 (-3.8%), from €402,668 to €387,507
- Cash +€8,723
up €8,723, from €0 to €8,723
mainly Receivables within one year (+€36,383) and Depreciation (+€30,904)
- Other debts -€53,697
down €53,697 (-64.5%), from €83,226 to €29,528
- Depreciation +€12,139
up €12,139 (+64.7%), from €18,766 to €30,904
- Gross operating margin +€5,410
up €5,410 (+7.3%), from €73,930 to €79,340
- Financial charges -€3,543
down €3,543 (-17.0%), from €20,862 to €17,319
- Other operating charges -€2,358
down €2,358 (-8.9%), from €26,446 to €24,088
- Financial income -€825
down €825 (-100%), from €825 to €0
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 | €798,291 | €756,913 | -€41,378 | -5.2% |
| Fixed assets | 21/28 | €402,668 | €387,507 | -€15,161 | -3.8% |
| Tangible fixed assets | 22/27 | €402,668 | €387,507 | -€15,161 | -3.8% |
| Land and buildings | 22 | €266,543 | €265,536 | -€1,007 | -0.4% |
| Plant, machinery and equipment | 23 | €106,451 | €99,331 | -€7,120 | -6.7% |
| Furniture and vehicles | 24 | €29,674 | €22,641 | -€7,033 | -23.7% |
| Current assets | 29/58 | €395,623 | €369,406 | -€26,217 | -6.6% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €290,951 | €254,568 | -€36,383 | -12.5% |
| Trade receivables | 40 | €117,500 | €111,052 | -€6,448 | -5.5% |
| Other amounts receivable | 41 | €173,452 | €143,516 | -€29,936 | -17.3% |
| Cash at bank and in hand | 54/58 | €0 | €8,723 | +€8,723 | |
| Deferred charges and accrued income | 490/1 | €4,671 | €6,115 | +€1,444 | +30.9% |
| Total equity and liabilities | 10/49 | €798,291 | €756,913 | -€41,378 | -5.2% |
| Equity | 10/15 | €444,944 | €450,047 | +€5,102 | +1.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €319,944 | €325,047 | +€5,102 | +1.6% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €307,444 | €312,547 | +€5,102 | +1.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €353,347 | €306,867 | -€46,480 | -13.2% |
| Amounts payable after more than one year | 17 | €243,000 | €243,000 | = | 0.0% |
| Financial debts | 170/4 | €243,000 | €243,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €110,347 | €63,867 | -€46,480 | -42.1% |
| Financial debts | 43 | €244 | €0 | -€244 | -100% |
| Credit institutions | 430/8 | €244 | €0 | -€244 | -100% |
| Trade debts | 44 | €19,607 | €25,099 | +€5,493 | +28.0% |
| Suppliers | 440/4 | €19,607 | €25,099 | +€5,493 | +28.0% |
| Taxes, remuneration and social security | 45 | €7,270 | €9,239 | +€1,969 | +27.1% |
| Taxes | 450/3 | €7,270 | €9,239 | +€1,969 | +27.1% |
| Other amounts payable | 47/48 | €83,226 | €29,528 | -€53,697 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,766 | €30,904 | +€12,139 | +64.7% |
| Other operating charges | 640/8 | €26,446 | €24,088 | -€2,358 | -8.9% |
| Gross operating margin | 9900 | €73,930 | €79,340 | +€5,410 | +7.3% |
| Operating profit (loss) | 9901 | €28,718 | €24,348 | -€4,371 | -15.2% |
| Financial income | 75/76B | €825 | €0 | -€825 | -100% |
| Recurring financial income | 75 | €825 | €0 | -€825 | -100% |
| Financial charges | 65/66B | €20,862 | €17,319 | -€3,543 | -17.0% |
| Recurring financial charges | 65 | €20,862 | €17,319 | -€3,543 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €8,680 | €7,028 | -€1,652 | -19.0% |
| Income taxes | 67/77 | €1,358 | €1,926 | +€567 | +41.8% |
| Profit (loss) for the period | 9904 | €7,322 | €5,102 | -€2,220 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,322 | €5,102 | -€2,220 | -30.3% |
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 18 October 2026 via checked.be.