Adkon: 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.
Adkon
Largest movements
- Receivables within one year -€23,827
down €23,827 (-7.5%), from €315,709 to €291,881
of which Trade receivables: -€48,027
- Deferred charges and accrued income +€15,193
new in 2025: €15,193
- Tangible fixed assets -€7,837
down €7,837 (-30.9%), from €25,339 to €17,503
of which Furniture and vehicles: -€11,614
- Cash -€5,542
down €5,542 (-36.0%), from €15,401 to €9,860
mainly Tax, wage and social debts (-€42,483) and Deferred charges and accrued income (-€15,193)
- Tax, wage and social debts -€42,483
down €42,483 (-53.9%), from €78,856 to €36,373
- Reserves +€30,020
up €30,020 (+12.0%), from €249,348 to €279,367
- Trade debts -€10,562
down €10,562 (-37.2%), from €28,382 to €17,820
- Gross operating margin -€118,324
down €118,324 (-65.7%), from €180,055 to €61,731
- Taxes -€70,404
down €70,404, from €41,760 to -€28,644
- Other operating charges +€52,627
up €52,627 (+4701.8%), from €1,119 to €53,746
- Financial income +€4,769
up €4,769 (+45.4%), from €10,501 to €15,269
- Financial charges +€3,477
up €3,477 (+249.8%), from €1,392 to €4,869
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 | €359,586 | €336,561 | -€23,025 | -6.4% |
| Fixed assets | 21/28 | €28,476 | €19,627 | -€8,849 | -31.1% |
| Intangible fixed assets | 21 | €2,886 | €1,874 | -€1,012 | -35.1% |
| Tangible fixed assets | 22/27 | €25,339 | €17,503 | -€7,837 | -30.9% |
| Furniture and vehicles | 24 | €21,529 | €9,915 | -€11,614 | -53.9% |
| Other tangible fixed assets | 26 | €3,810 | €7,587 | +€3,777 | +99.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €331,110 | €316,933 | -€14,177 | -4.3% |
| Amounts receivable within one year | 40/41 | €315,709 | €291,881 | -€23,827 | -7.5% |
| Trade receivables | 40 | €55,016 | €6,989 | -€48,027 | -87.3% |
| Other amounts receivable | 41 | €260,693 | €284,892 | +€24,200 | +9.3% |
| Cash at bank and in hand | 54/58 | €15,401 | €9,860 | -€5,542 | -36.0% |
| Deferred charges and accrued income | 490/1 | - | €15,193 | +€15,193 | |
| Total equity and liabilities | 10/49 | €359,586 | €336,561 | -€23,025 | -6.4% |
| Equity | 10/15 | €252,348 | €282,367 | +€30,020 | +11.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €249,348 | €279,367 | +€30,020 | +12.0% |
| Distributable reserves | 133 | €249,348 | €279,367 | +€30,020 | +12.0% |
| Amounts payable | 17/49 | €107,238 | €54,193 | -€53,045 | -49.5% |
| Amounts payable within one year | 42/48 | €107,238 | €54,193 | -€53,045 | -49.5% |
| Trade debts | 44 | €28,382 | €17,820 | -€10,562 | -37.2% |
| Suppliers | 440/4 | €28,382 | €17,820 | -€10,562 | -37.2% |
| Taxes, remuneration and social security | 45 | €78,856 | €36,373 | -€42,483 | -53.9% |
| Taxes | 450/3 | €78,856 | €36,373 | -€42,483 | -53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,560 | €17,009 | +€449 | +2.7% |
| Other operating charges | 640/8 | €1,119 | €53,746 | +€52,627 | +4701.8% |
| Gross operating margin | 9900 | €180,055 | €61,731 | -€118,324 | -65.7% |
| Operating profit (loss) | 9901 | €162,376 | -€9,024 | -€171,400 | |
| Financial income | 75/76B | €10,501 | €15,269 | +€4,769 | +45.4% |
| Recurring financial income | 75 | €10,501 | €15,269 | +€4,769 | +45.4% |
| Financial charges | 65/66B | €1,392 | €4,869 | +€3,477 | +249.8% |
| Recurring financial charges | 65 | €1,392 | €4,869 | +€3,477 | +249.8% |
| Profit (loss) for the period before taxes | 9903 | €171,484 | €1,376 | -€170,108 | -99.2% |
| Income taxes | 67/77 | €41,760 | -€28,644 | -€70,404 | |
| Profit (loss) for the period | 9904 | €129,724 | €30,020 | -€99,704 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €129,724 | €30,020 | -€99,704 | -76.9% |
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 12 October 2026 via checked.be.