ADNV: 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.
ADNV
Largest movements
- Cash -€104,897
down €104,897 (-74.8%), from €140,234 to €35,337
mainly Contributions, distributions and other (-€180,653) and Debts after one year (-€10,852)
- Tangible fixed assets -€10,562
down €10,562 (-48.6%), from €21,731 to €11,169
- Receivables within one year +€4,455
up €4,455 (+36.5%), from €12,196 to €16,651
of which Other amounts receivable: +€4,455
- Reserves -€135,249
down €135,249 (-100.0%), from €135,249 to €0
- Other debts +€45,265
up €45,265 (+32285.7%), from €140 to €45,405
- Debts after one year -€10,852
down €10,852 (-100.0%), from €10,852 to €0
- Tax, wage and social debts -€10,372
down €10,372 (-66.6%), from €15,574 to €5,202
- Financial income -€1,839
down €1,839 (-100.0%), from €1,839 to €0
- Gross operating margin +€1,436
up €1,436 (+2.1%), from €68,431 to €69,867
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 | €175,887 | €64,900 | -€110,988 | -63.1% |
| Fixed assets | 21/28 | €21,731 | €11,169 | -€10,562 | -48.6% |
| Tangible fixed assets | 22/27 | €21,731 | €11,169 | -€10,562 | -48.6% |
| Leasing and similar rights | 25 | €21,731 | €11,169 | -€10,562 | -48.6% |
| Current assets | 29/58 | €154,156 | €53,730 | -€100,426 | -65.1% |
| Amounts receivable within one year | 40/41 | €12,196 | €16,651 | +€4,455 | +36.5% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €96 | €4,551 | +€4,455 | +4650.0% |
| Cash at bank and in hand | 54/58 | €140,234 | €35,337 | -€104,897 | -74.8% |
| Deferred charges and accrued income | 490/1 | €1,726 | €1,742 | +€16 | +0.9% |
| Total equity and liabilities | 10/49 | €175,887 | €64,900 | -€110,988 | -63.1% |
| Equity | 10/15 | €136,449 | €1,200 | -€135,249 | -99.1% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €135,249 | €0 | -€135,249 | -100.0% |
| Distributable reserves | 133 | €135,249 | €0 | -€135,249 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €39,439 | €63,700 | +€24,261 | +61.5% |
| Amounts payable after more than one year | 17 | €10,852 | €0 | -€10,852 | -100.0% |
| Financial debts | 170/4 | €10,852 | €0 | -€10,852 | -100.0% |
| Amounts payable within one year | 42/48 | €28,127 | €63,490 | +€35,363 | +125.7% |
| Current portion of amounts payable after more than one year | 42 | €10,705 | €10,852 | +€147 | +1.4% |
| Trade debts | 44 | €1,708 | €2,031 | +€323 | +18.9% |
| Suppliers | 440/4 | €1,708 | €2,031 | +€323 | +18.9% |
| Taxes, remuneration and social security | 45 | €15,574 | €5,202 | -€10,372 | -66.6% |
| Taxes | 450/3 | €15,574 | €5,202 | -€10,372 | -66.6% |
| Other amounts payable | 47/48 | €140 | €45,405 | +€45,265 | +32285.7% |
| Accrued charges and deferred income | 492/3 | €460 | €210 | -€250 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,562 | €10,562 | = | 0.0% |
| Other operating charges | 640/8 | €1,925 | €1,965 | +€40 | +2.1% |
| Gross operating margin | 9900 | €68,431 | €69,867 | +€1,436 | +2.1% |
| Operating profit (loss) | 9901 | €55,945 | €57,340 | +€1,396 | +2.5% |
| Financial income | 75/76B | €1,839 | €0 | -€1,839 | -100.0% |
| Recurring financial income | 75 | €1,839 | €0 | -€1,839 | -100.0% |
| Financial charges | 65/66B | €478 | €333 | -€145 | -30.4% |
| Recurring financial charges | 65 | €478 | €333 | -€145 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €57,305 | €57,007 | -€298 | -0.5% |
| Income taxes | 67/77 | €11,741 | €11,602 | -€138 | -1.2% |
| Profit (loss) for the period | 9904 | €45,565 | €45,405 | -€160 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,565 | €45,405 | -€160 | -0.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.