ADNL: 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.
ADNL
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts -€64,727
no longer reported in 2025 (was €64,727)
- Debts after one year +€64,048
new in 2025: €64,048
- Profit (loss) carried forward +€756
up €756 (+1.4%), from -€53,843 to -€53,087
- Gross operating margin +€1,885
up €1,885, from -€51 to €1,834
- Other operating charges +€383
up €383 (+61.5%), from €623 to €1,006
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 | €29,484 | €29,561 | +€77 | +0.3% |
| Current assets | 29/58 | €29,484 | €29,561 | +€77 | +0.3% |
| Stocks and contracts in progress | 3 | €29,399 | €29,399 | = | 0.0% |
| Stocks | 30/36 | €29,399 | €29,399 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85 | €162 | +€77 | +90.6% |
| Total equity and liabilities | 10/49 | €29,484 | €29,561 | +€77 | +0.3% |
| Equity | 10/15 | -€35,243 | -€34,487 | +€756 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,843 | -€53,087 | +€756 | +1.4% |
| Amounts payable | 17/49 | €64,727 | €64,048 | -€679 | -1.0% |
| Amounts payable after more than one year | 17 | - | €64,048 | +€64,048 | |
| Other amounts payable | 178/9 | - | €64,048 | +€64,048 | |
| Amounts payable within one year | 42/48 | €64,727 | - | -€64,727 | |
| Other amounts payable | 47/48 | €64,727 | - | -€64,727 | |
| Other operating charges | 640/8 | €623 | €1,006 | +€383 | +61.5% |
| Gross operating margin | 9900 | -€51 | €1,834 | +€1,885 | |
| Operating profit (loss) | 9901 | -€674 | €828 | +€1,502 | |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.5% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€741 | €756 | +€1,497 | |
| Profit (loss) for the period | 9904 | -€741 | €756 | +€1,497 | |
| Profit (loss) for the period to be appropriated | 9905 | -€741 | €756 | +€1,497 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.