ADLOWINE: 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.
ADLOWINE
Largest movements
- Cash +€18,277
up €18,277 (+36.4%), from €50,151 to €68,428
mainly Trade debts (+€24,335) and Net result for the year (+€19,025)
- Receivables within one year +€2,642
up €2,642 (+13.1%), from €20,238 to €22,880
of which Trade receivables: +€2,468
- Tangible fixed assets -€1,119
down €1,119 (-32.7%), from €3,421 to €2,302
of which Other tangible fixed assets: -€577
- Trade debts +€24,335
up €24,335 (+8,756%), from €278 to €24,613
- Profit (loss) carried forward -€10,975
down €10,975 (-30.1%), from €36,450 to €25,475
- Tax, wage and social debts +€5,307
up €5,307 (+87.7%), from €6,050 to €11,357
of which Taxes: +€5,307
- Other debts +€951
up €951 (+25.1%), from €3,784 to €4,735
- Gross operating margin -€1,053
down €1,053 (-3.8%), from €27,952 to €26,900
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 | €74,021 | €93,828 | +€19,807 | +26.8% |
| Fixed assets | 21/28 | €3,421 | €2,302 | -€1,119 | -32.7% |
| Tangible fixed assets | 22/27 | €3,421 | €2,302 | -€1,119 | -32.7% |
| Furniture and vehicles | 24 | €1,084 | €542 | -€542 | -50.0% |
| Other tangible fixed assets | 26 | €2,336 | €1,759 | -€577 | -24.7% |
| Current assets | 29/58 | €70,601 | €91,526 | +€20,926 | +29.6% |
| Amounts receivable within one year | 40/41 | €20,238 | €22,880 | +€2,642 | +13.1% |
| Trade receivables | 40 | €20,000 | €22,468 | +€2,468 | +12.3% |
| Other amounts receivable | 41 | €238 | €412 | +€174 | +73.2% |
| Cash at bank and in hand | 54/58 | €50,151 | €68,428 | +€18,277 | +36.4% |
| Deferred charges and accrued income | 490/1 | €212 | €219 | +€7 | +3.1% |
| Total equity and liabilities | 10/49 | €74,021 | €93,828 | +€19,807 | +26.8% |
| Equity | 10/15 | €63,910 | €52,935 | -€10,975 | -17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,860 | €8,860 | = | 0.0% |
| Distributable reserves | 133 | €8,860 | €8,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,450 | €25,475 | -€10,975 | -30.1% |
| Amounts payable | 17/49 | €10,112 | €40,894 | +€30,782 | +304% |
| Amounts payable within one year | 42/48 | €10,112 | €40,704 | +€30,593 | +303% |
| Trade debts | 44 | €278 | €24,613 | +€24,335 | +8,756% |
| Suppliers | 440/4 | €278 | €24,613 | +€24,335 | +8,756% |
| Taxes, remuneration and social security | 45 | €6,050 | €11,357 | +€5,307 | +87.7% |
| Taxes | 450/3 | €4,050 | €9,357 | +€5,307 | +131% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €3,784 | €4,735 | +€951 | +25.1% |
| Accrued charges and deferred income | 492/3 | - | €189 | +€189 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,258 | €1,119 | -€139 | -11.1% |
| Other operating charges | 640/8 | €889 | €922 | +€33 | +3.7% |
| Gross operating margin | 9900 | €27,952 | €26,900 | -€1,053 | -3.8% |
| Operating profit (loss) | 9901 | €25,805 | €24,859 | -€946 | -3.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €47 | €232 | +€185 | +399% |
| Recurring financial charges | 65 | €47 | €232 | +€185 | +399% |
| Profit (loss) for the period before taxes | 9903 | €25,759 | €24,627 | -€1,131 | -4.4% |
| Income taxes | 67/77 | €5,803 | €5,602 | -€200 | -3.4% |
| Profit (loss) for the period | 9904 | €19,956 | €19,025 | -€931 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,956 | €19,025 | -€931 | -4.7% |
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 24 October 2026 via checked.be.