ADICON: 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.
ADICON
Largest movements
- Cash +€20,829
up €20,829 (+22.5%), from €92,435 to €113,264
mainly Net result for the year (+€14,744) and Depreciation (+€12,959)
- Tangible fixed assets -€11,959
down €11,959 (-22.0%), from €54,294 to €42,335
of which Furniture and vehicles: -€9,872
- Receivables within one year +€4,649
up €4,649 (+36.8%), from €12,623 to €17,272
of which Trade receivables: +€3,509
- Reserves +€14,744
up €14,744 (+13.8%), from €107,103 to €121,847
- Debts after one year -€7,527
down €7,527 (-47.7%), from €15,765 to €8,238
- Tax, wage and social debts +€3,298
up €3,298 (+136.9%), from €2,409 to €5,707
- Gross operating margin -€1,150
down €1,150 (-3.2%), from €35,755 to €34,606
- Depreciation -€621
down €621 (-4.6%), from €13,580 to €12,959
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 | €160,531 | €173,164 | +€12,633 | +7.9% |
| Fixed assets | 21/28 | €54,294 | €42,335 | -€11,959 | -22.0% |
| Tangible fixed assets | 22/27 | €54,294 | €42,335 | -€11,959 | -22.0% |
| Plant, machinery and equipment | 23 | €25,142 | €23,055 | -€2,088 | -8.3% |
| Furniture and vehicles | 24 | €29,152 | €19,280 | -€9,872 | -33.9% |
| Current assets | 29/58 | €106,237 | €130,829 | +€24,592 | +23.1% |
| Amounts receivable within one year | 40/41 | €12,623 | €17,272 | +€4,649 | +36.8% |
| Trade receivables | 40 | €11,422 | €14,932 | +€3,509 | +30.7% |
| Other amounts receivable | 41 | €1,201 | €2,340 | +€1,139 | +94.9% |
| Cash at bank and in hand | 54/58 | €92,435 | €113,264 | +€20,829 | +22.5% |
| Deferred charges and accrued income | 490/1 | €1,178 | €293 | -€885 | -75.2% |
| Total equity and liabilities | 10/49 | €160,531 | €173,164 | +€12,633 | +7.9% |
| Equity | 10/15 | €132,752 | €147,496 | +€14,744 | +11.1% |
| Contributions | 10/11 | €9,918 | €9,918 | = | 0.0% |
| Reserves | 13 | €107,103 | €121,847 | +€14,744 | +13.8% |
| Distributable reserves | 133 | €107,103 | €121,847 | +€14,744 | +13.8% |
| Profit (loss) carried forward | 14 | €15,731 | €15,731 | = | 0.0% |
| Amounts payable | 17/49 | €27,779 | €25,668 | -€2,111 | -7.6% |
| Amounts payable after more than one year | 17 | €15,765 | €8,238 | -€7,527 | -47.7% |
| Financial debts | 170/4 | €15,765 | €8,238 | -€7,527 | -47.7% |
| Amounts payable within one year | 42/48 | €12,015 | €17,430 | +€5,416 | +45.1% |
| Current portion of amounts payable after more than one year | 42 | €7,453 | €7,527 | +€74 | +1.0% |
| Trade debts | 44 | €80 | €1,398 | +€1,318 | +1649.5% |
| Suppliers | 440/4 | €80 | €1,398 | +€1,318 | +1649.5% |
| Taxes, remuneration and social security | 45 | €2,409 | €5,707 | +€3,298 | +136.9% |
| Taxes | 450/3 | €2,409 | €5,707 | +€3,298 | +136.9% |
| Other amounts payable | 47/48 | €2,073 | €2,798 | +€725 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,580 | €12,959 | -€621 | -4.6% |
| Other operating charges | 640/8 | €665 | €689 | +€24 | +3.6% |
| Gross operating margin | 9900 | €35,755 | €34,606 | -€1,150 | -3.2% |
| Operating profit (loss) | 9901 | €21,510 | €20,958 | -€553 | -2.6% |
| Financial income | 75/76B | €742 | €692 | -€50 | -6.7% |
| Recurring financial income | 75 | €742 | €692 | -€50 | -6.7% |
| Financial charges | 65/66B | €431 | €600 | +€170 | +39.5% |
| Recurring financial charges | 65 | €431 | €600 | +€170 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €21,822 | €21,050 | -€772 | -3.5% |
| Income taxes | 67/77 | €6,577 | €6,305 | -€272 | -4.1% |
| Profit (loss) for the period | 9904 | €15,245 | €14,744 | -€501 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,245 | €14,744 | -€501 | -3.3% |
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 6 October 2026 via checked.be.