ADO Concept: what changed
Two fiscal 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.
ADO Concept
Largest movements
- Receivables within one year +€476
up €476 (+118900.0%), from €0 to €476
of which Trade receivables: +€436
- Tangible fixed assets -€253
down €253 (-70.6%), from €359 to €105
- Cash +€227
up €227 (+29.9%), from €761 to €988
mainly Other debts (+€3,497) and Trade debts (+€618)
- Profit (loss) carried forward -€3,601
down €3,601 (-108.7%), from -€3,312 to -€6,913
- Other debts +€3,497
up €3,497 (+177.0%), from €1,975 to €5,473
- Trade debts +€618
up €618 (+27.8%), from €2,219 to €2,836
- Tax, wage and social debts -€65
down €65 (-27.3%), from €237 to €172
- Gross operating margin -€1,319
down €1,319 (-94.3%), from -€1,399 to -€2,718
- Other operating charges +€47
up €47 (+11.7%), from €404 to €451
- Financial charges -€39
down €39 (-17.8%), from €218 to €179
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 | €1,120 | €1,570 | +€450 | +40.1% |
| Fixed assets | 21/28 | €359 | €105 | -€253 | -70.6% |
| Tangible fixed assets | 22/27 | €359 | €105 | -€253 | -70.6% |
| Furniture and vehicles | 24 | €359 | €105 | -€253 | -70.6% |
| Current assets | 29/58 | €761 | €1,464 | +€703 | +92.3% |
| Amounts receivable within one year | 40/41 | €0 | €476 | +€476 | +118900.0% |
| Trade receivables | 40 | - | €436 | +€436 | |
| Other amounts receivable | 41 | €0 | €40 | +€40 | +10000.0% |
| Cash at bank and in hand | 54/58 | €761 | €988 | +€227 | +29.9% |
| Total equity and liabilities | 10/49 | €1,120 | €1,570 | +€450 | +40.1% |
| Equity | 10/15 | -€3,311 | -€6,912 | -€3,601 | -108.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,312 | -€6,913 | -€3,601 | -108.7% |
| Amounts payable | 17/49 | €4,431 | €8,481 | +€4,051 | +91.4% |
| Amounts payable within one year | 42/48 | €4,431 | €8,481 | +€4,051 | +91.4% |
| Trade debts | 44 | €2,219 | €2,836 | +€618 | +27.8% |
| Suppliers | 440/4 | €2,219 | €2,836 | +€618 | +27.8% |
| Taxes, remuneration and social security | 45 | €237 | €172 | -€65 | -27.3% |
| Taxes | 450/3 | €237 | €172 | -€65 | -27.3% |
| Other amounts payable | 47/48 | €1,975 | €5,473 | +€3,497 | +177.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253 | €253 | = | 0.0% |
| Other operating charges | 640/8 | €404 | €451 | +€47 | +11.7% |
| Gross operating margin | 9900 | -€1,399 | -€2,718 | -€1,319 | -94.3% |
| Operating profit (loss) | 9901 | -€2,055 | -€3,422 | -€1,367 | -66.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €218 | €179 | -€39 | -17.8% |
| Recurring financial charges | 65 | €218 | €179 | -€39 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,273 | -€3,601 | -€1,328 | -58.4% |
| Profit (loss) for the period | 9904 | -€2,273 | -€3,601 | -€1,328 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,273 | -€3,601 | -€1,328 | -58.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.