ADJUNGO: 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.
ADJUNGO
Largest movements
- Tangible fixed assets -€3,997
down €3,997 (-39.3%), from €10,175 to €6,178
- Cash -€3,350
down €3,350 (-73.2%), from €4,578 to €1,229
mainly Net result for the year (-€16,503) and Deferred charges and accrued income (-€41)
- Receivables within one year -€2,219
down €2,219 (-55.4%), from €4,008 to €1,789
- Profit (loss) carried forward -€16,503
down €16,503 (-14.8%), from -€111,681 to -€128,184
- Tax, wage and social debts +€3,908
up €3,908 (+306%), from €1,277 to €5,185
of which Remuneration and social security: +€4,500
- Other debts +€2,953
up €2,953 (+15.9%), from €18,615 to €21,568
- Gross operating margin +€7,756
up €7,756 (+39.8%), from -€19,509 to -€11,753
- Other operating charges +€281
up €281 (+124%), from €226 to €507
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 | €19,095 | €9,570 | -€9,525 | -49.9% |
| Fixed assets | 21/28 | €10,175 | €6,178 | -€3,997 | -39.3% |
| Tangible fixed assets | 22/27 | €10,175 | €6,178 | -€3,997 | -39.3% |
| Furniture and vehicles | 24 | €10,175 | €6,178 | -€3,997 | -39.3% |
| Current assets | 29/58 | €8,920 | €3,393 | -€5,527 | -62.0% |
| Amounts receivable within one year | 40/41 | €4,008 | €1,789 | -€2,219 | -55.4% |
| Trade receivables | 40 | €4,008 | €1,789 | -€2,219 | -55.4% |
| Cash at bank and in hand | 54/58 | €4,578 | €1,229 | -€3,350 | -73.2% |
| Deferred charges and accrued income | 490/1 | €333 | €375 | +€41 | +12.4% |
| Total equity and liabilities | 10/49 | €19,095 | €9,570 | -€9,525 | -49.9% |
| Equity | 10/15 | -€1,529 | -€18,032 | -€16,503 | -1,079% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €95,892 | €95,892 | = | 0.0% |
| Distributable reserves | 133 | €95,892 | €95,892 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,681 | -€128,184 | -€16,503 | -14.8% |
| Amounts payable | 17/49 | €20,624 | €27,602 | +€6,978 | +33.8% |
| Amounts payable within one year | 42/48 | €20,624 | €27,602 | +€6,978 | +33.8% |
| Trade debts | 44 | €732 | €849 | +€117 | +16.0% |
| Suppliers | 440/4 | €732 | €849 | +€117 | +16.0% |
| Taxes, remuneration and social security | 45 | €1,277 | €5,185 | +€3,908 | +306% |
| Taxes | 450/3 | €1,277 | €685 | -€592 | -46.4% |
| Remuneration and social security | 454/9 | - | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €18,615 | €21,568 | +€2,953 | +15.9% |
| Non-recurring operating income | 76A | - | €29 | +€29 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,997 | €3,997 | +€0 | 0.0% |
| Other operating charges | 640/8 | €226 | €507 | +€281 | +124% |
| Gross operating margin | 9900 | -€19,509 | -€11,753 | +€7,756 | +39.8% |
| Operating profit (loss) | 9901 | -€23,733 | -€16,257 | +€7,475 | +31.5% |
| Financial charges | 65/66B | €65 | €99 | +€34 | +52.8% |
| Recurring financial charges | 65 | €65 | €99 | +€34 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,797 | -€16,356 | +€7,441 | +31.3% |
| Income taxes | 67/77 | €137 | €147 | +€10 | +7.4% |
| Profit (loss) for the period | 9904 | -€23,934 | -€16,503 | +€7,431 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,934 | -€16,503 | +€7,431 | +31.0% |
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 15 October 2026 via checked.be.