ADGN: 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.
ADGN
Largest movements
- Cash -€4,825
down €4,825 (-8.7%), from €55,218 to €50,393
mainly Other debts (-€13,981) and Tax, wage and social debts (-€5,722)
- Tangible fixed assets -€3,601
down €3,601 (-73.2%), from €4,920 to €1,319
of which Furniture and vehicles: -€2,832
- Receivables within one year +€2,884
up €2,884 (+17.0%), from €16,967 to €19,851
of which Other amounts receivable: +€3,986
- Trade debts +€15,678
up €15,678 (+48.5%), from €32,327 to €48,005
- Other debts -€13,981
down €13,981 (-93.0%), from €15,041 to €1,060
- Tax, wage and social debts -€5,722
down €5,722 (-100%), from €5,722 to €0
- Profit (loss) carried forward -€1,542
down €1,542 (-33.5%), from €4,599 to €3,057
- Gross operating margin -€7,950
down €7,950 (-55.5%), from €14,333 to €6,383
- Taxes -€1,683
down €1,683, from €1,601 to -€82
- Depreciation -€1,336
down €1,336 (-26.9%), from €4,962 to €3,626
- Financial charges +€666
up €666 (+22.6%), from €2,953 to €3,619
- Other operating charges +€200
up €200 (+32.6%), from €613 to €813
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 | €77,130 | €71,563 | -€5,567 | -7.2% |
| Fixed assets | 21/28 | €4,945 | €1,319 | -€3,626 | -73.3% |
| Intangible fixed assets | 21 | €25 | €0 | -€25 | -100% |
| Tangible fixed assets | 22/27 | €4,920 | €1,319 | -€3,601 | -73.2% |
| Furniture and vehicles | 24 | €3,226 | €394 | -€2,832 | -87.8% |
| Other tangible fixed assets | 26 | €1,694 | €925 | -€769 | -45.4% |
| Current assets | 29/58 | €72,185 | €70,244 | -€1,941 | -2.7% |
| Amounts receivable within one year | 40/41 | €16,967 | €19,851 | +€2,884 | +17.0% |
| Trade receivables | 40 | €10,767 | €9,665 | -€1,102 | -10.2% |
| Other amounts receivable | 41 | €6,200 | €10,186 | +€3,986 | +64.3% |
| Cash at bank and in hand | 54/58 | €55,218 | €50,393 | -€4,825 | -8.7% |
| Total equity and liabilities | 10/49 | €77,130 | €71,563 | -€5,567 | -7.2% |
| Equity | 10/15 | €24,040 | €22,498 | -€1,542 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €841 | €841 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €841 | +€841 | |
| Reserves not available under the articles | 1311 | - | €841 | +€841 | |
| Distributable reserves | 133 | €841 | - | -€841 | |
| Profit (loss) carried forward | 14 | €4,599 | €3,057 | -€1,542 | -33.5% |
| Amounts payable | 17/49 | €53,090 | €49,065 | -€4,025 | -7.6% |
| Amounts payable within one year | 42/48 | €53,090 | €49,065 | -€4,025 | -7.6% |
| Trade debts | 44 | €32,327 | €48,005 | +€15,678 | +48.5% |
| Suppliers | 440/4 | €32,327 | €48,005 | +€15,678 | +48.5% |
| Taxes, remuneration and social security | 45 | €5,722 | €0 | -€5,722 | -100% |
| Taxes | 450/3 | €5,722 | - | -€5,722 | |
| Other amounts payable | 47/48 | €15,041 | €1,060 | -€13,981 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,962 | €3,626 | -€1,336 | -26.9% |
| Other operating charges | 640/8 | €613 | €813 | +€200 | +32.6% |
| Gross operating margin | 9900 | €14,333 | €6,383 | -€7,950 | -55.5% |
| Operating profit (loss) | 9901 | €8,758 | €1,944 | -€6,814 | -77.8% |
| Financial income | 75/76B | €1 | €51 | +€50 | +5,000% |
| Recurring financial income | 75 | €1 | €51 | +€50 | +5,000% |
| Financial charges | 65/66B | €2,953 | €3,619 | +€666 | +22.6% |
| Recurring financial charges | 65 | €2,953 | €3,619 | +€666 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €5,806 | -€1,624 | -€7,430 | |
| Income taxes | 67/77 | €1,601 | -€82 | -€1,683 | |
| Profit (loss) for the period | 9904 | €4,205 | -€1,542 | -€5,747 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,205 | -€1,542 | -€5,747 |
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.