ADINO: 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.
ADINO
Largest movements
- Receivables after one year +€75,000
up €75,000 (+125%), from €60,000 to €135,000
- Cash -€61,771
down €61,771 (-49.4%), from €124,932 to €63,161
mainly Receivables after one year (-€75,000) and Receivables within one year (-€5,249)
- Profit (loss) carried forward +€19,128
up €19,128 (+2.9%), from €670,054 to €689,183
- Financial income -€45,751
down €45,751 (-71.0%), from €64,416 to €18,665
- Gross operating margin -€8,827
down €8,827 (-57.1%), from €15,461 to €6,634
- Taxes -€3,856
down €3,856 (-84.4%), from €4,568 to €712
- Financial charges +€2,777
up €2,777 (+2,555%), from €109 to €2,886
- Depreciation -€249
down €249 (-10.3%), from €2,422 to €2,173
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 | €708,785 | €725,090 | +€16,305 | +2.3% |
| Fixed assets | 21/28 | €33,123 | €30,950 | -€2,173 | -6.6% |
| Intangible fixed assets | 21 | €13,060 | €11,360 | -€1,700 | -13.0% |
| Tangible fixed assets | 22/27 | €1,463 | €990 | -€473 | -32.3% |
| Furniture and vehicles | 24 | €1,463 | €990 | -€473 | -32.3% |
| Financial fixed assets | 28 | €18,600 | €18,600 | = | 0.0% |
| Current assets | 29/58 | €675,661 | €694,139 | +€18,478 | +2.7% |
| Amounts receivable after more than one year | 29 | €60,000 | €135,000 | +€75,000 | +125% |
| Other amounts receivable | 291 | €60,000 | €135,000 | +€75,000 | +125% |
| Amounts receivable within one year | 40/41 | €240,730 | €245,979 | +€5,249 | +2.2% |
| Trade receivables | 40 | €11,090 | €2,339 | -€8,751 | -78.9% |
| Other amounts receivable | 41 | €229,639 | €243,639 | +€14,000 | +6.1% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €124,932 | €63,161 | -€61,771 | -49.4% |
| Total equity and liabilities | 10/49 | €708,785 | €725,090 | +€16,305 | +2.3% |
| Equity | 10/15 | €684,314 | €703,443 | +€19,128 | +2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €670,054 | €689,183 | +€19,128 | +2.9% |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Amounts payable | 17/49 | €24,470 | €21,647 | -€2,823 | -11.5% |
| Amounts payable within one year | 42/48 | €24,470 | €21,647 | -€2,823 | -11.5% |
| Trade debts | 44 | €12,534 | €13,394 | +€861 | +6.9% |
| Suppliers | 440/4 | €12,534 | €13,394 | +€861 | +6.9% |
| Taxes, remuneration and social security | 45 | €4,661 | €977 | -€3,684 | -79.0% |
| Taxes | 450/3 | €4,661 | €977 | -€3,684 | -79.0% |
| Other amounts payable | 47/48 | €7,275 | €7,275 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,422 | €2,173 | -€249 | -10.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €15,461 | €6,634 | -€8,827 | -57.1% |
| Operating profit (loss) | 9901 | €12,651 | €4,061 | -€8,590 | -67.9% |
| Financial income | 75/76B | €64,416 | €18,665 | -€45,751 | -71.0% |
| Recurring financial income | 75 | €64,416 | €18,665 | -€45,751 | -71.0% |
| Financial charges | 65/66B | €109 | €2,886 | +€2,777 | +2,555% |
| Recurring financial charges | 65 | €109 | €2,886 | +€2,777 | +2,555% |
| Profit (loss) for the period before taxes | 9903 | €76,958 | €19,840 | -€57,118 | -74.2% |
| Income taxes | 67/77 | €4,568 | €712 | -€3,856 | -84.4% |
| Profit (loss) for the period | 9904 | €72,390 | €19,128 | -€53,262 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,390 | €19,128 | -€53,262 | -73.6% |
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 21 October 2026 via checked.be.