Adhede: 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.
Adhede
Largest movements
- Cash +€24,310
up €24,310 (+82.3%), from €29,534 to €53,843
mainly Net result for the year (+€24,608) and Tax, wage and social debts (+€1,824)
- Reserves +€23,775
up €23,775 (+120.5%), from €19,733 to €43,508
- Tax, wage and social debts +€1,824
up €1,824 (+27.5%), from €6,636 to €8,460
- Other debts -€1,267
down €1,267 (-68.5%), from €1,851 to €583
- Gross operating margin +€7,012
up €7,012 (+25.6%), from €27,406 to €34,419
- Taxes +€1,632
up €1,632 (+29.8%), from €5,485 to €7,118
- Financial charges +€1,183
up €1,183 (+1409.8%), from €84 to €1,267
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 | €30,219 | €54,721 | +€24,501 | +81.1% |
| Current assets | 29/58 | €30,219 | €54,721 | +€24,501 | +81.1% |
| Cash at bank and in hand | 54/58 | €29,534 | €53,843 | +€24,310 | +82.3% |
| Deferred charges and accrued income | 490/1 | €686 | €877 | +€192 | +27.9% |
| Total equity and liabilities | 10/49 | €30,219 | €54,721 | +€24,501 | +81.1% |
| Equity | 10/15 | €21,733 | €45,508 | +€23,775 | +109.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,733 | €43,508 | +€23,775 | +120.5% |
| Distributable reserves | 133 | €19,733 | €43,508 | +€23,775 | +120.5% |
| Amounts payable | 17/49 | €8,486 | €9,213 | +€726 | +8.6% |
| Amounts payable within one year | 42/48 | €8,486 | €9,213 | +€726 | +8.6% |
| Trade debts | 44 | - | €170 | +€170 | |
| Suppliers | 440/4 | - | €170 | +€170 | |
| Taxes, remuneration and social security | 45 | €6,636 | €8,460 | +€1,824 | +27.5% |
| Taxes | 450/3 | €6,636 | €8,460 | +€1,824 | +27.5% |
| Other amounts payable | 47/48 | €1,851 | €583 | -€1,267 | -68.5% |
| Other operating charges | 640/8 | €1,245 | €1,427 | +€182 | +14.6% |
| Gross operating margin | 9900 | €27,406 | €34,419 | +€7,012 | +25.6% |
| Operating profit (loss) | 9901 | €26,161 | €32,992 | +€6,830 | +26.1% |
| Financial charges | 65/66B | €84 | €1,267 | +€1,183 | +1409.8% |
| Recurring financial charges | 65 | €84 | €1,267 | +€1,183 | +1409.8% |
| Profit (loss) for the period before taxes | 9903 | €26,077 | €31,725 | +€5,648 | +21.7% |
| Income taxes | 67/77 | €5,485 | €7,118 | +€1,632 | +29.8% |
| Profit (loss) for the period | 9904 | €20,592 | €24,608 | +€4,016 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,592 | €24,608 | +€4,016 | +19.5% |
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 4 October 2026 via checked.be.