ADNOS: 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.
ADNOS
Largest movements
- Cash +€41,522
up €41,522 (+56.2%), from €73,828 to €115,349
mainly Net result for the year (+€51,241) and Depreciation (+€442)
- Receivables within one year +€5,514
up €5,514 (+27.0%), from €20,393 to €25,907
of which Trade receivables: +€4,009
- Tangible fixed assets +€3,548
up €3,548 (+270%), from €1,313 to €4,861
- Profit (loss) carried forward +€51,241
up €51,241 (+58.0%), from €88,283 to €139,525
- Gross operating margin -€45,822
down €45,822 (-41.1%), from €111,482 to €65,660
- Taxes -€9,604
down €9,604 (-41.6%), from €23,099 to €13,496
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 | €95,533 | €146,117 | +€50,583 | +52.9% |
| Fixed assets | 21/28 | €1,313 | €4,861 | +€3,548 | +270% |
| Tangible fixed assets | 22/27 | €1,313 | €4,861 | +€3,548 | +270% |
| Furniture and vehicles | 24 | €1,313 | €4,861 | +€3,548 | +270% |
| Current assets | 29/58 | €94,221 | €141,256 | +€47,035 | +49.9% |
| Amounts receivable within one year | 40/41 | €20,393 | €25,907 | +€5,514 | +27.0% |
| Trade receivables | 40 | €8,493 | €12,502 | +€4,009 | +47.2% |
| Other amounts receivable | 41 | €11,901 | €13,405 | +€1,504 | +12.6% |
| Cash at bank and in hand | 54/58 | €73,828 | €115,349 | +€41,522 | +56.2% |
| Total equity and liabilities | 10/49 | €95,533 | €146,117 | +€50,583 | +52.9% |
| Equity | 10/15 | €93,283 | €144,525 | +€51,241 | +54.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,283 | €139,525 | +€51,241 | +58.0% |
| Amounts payable | 17/49 | €2,250 | €1,592 | -€658 | -29.2% |
| Amounts payable within one year | 42/48 | €2,250 | €1,592 | -€658 | -29.2% |
| Trade debts | 44 | - | €126 | +€126 | |
| Suppliers | 440/4 | - | €126 | +€126 | |
| Other amounts payable | 47/48 | €2,250 | €1,467 | -€783 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88 | €442 | +€354 | +405% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €111,482 | €65,660 | -€45,822 | -41.1% |
| Operating profit (loss) | 9901 | €111,394 | €64,818 | -€46,576 | -41.8% |
| Financial charges | 65/66B | €12 | €81 | +€69 | +594% |
| Recurring financial charges | 65 | €12 | €81 | +€69 | +594% |
| Profit (loss) for the period before taxes | 9903 | €111,383 | €64,737 | -€46,646 | -41.9% |
| Income taxes | 67/77 | €23,099 | €13,496 | -€9,604 | -41.6% |
| Profit (loss) for the period | 9904 | €88,283 | €51,241 | -€37,042 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,283 | €51,241 | -€37,042 | -42.0% |
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 14 October 2026 via checked.be.