Adon=: 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.
Adon=
Largest movements
- Tangible fixed assets -€28,978
down €28,978 (-25.8%), from €112,399 to €83,422
of which Furniture and vehicles: -€19,305
- Cash +€20,000
up €20,000 (+26.7%), from €74,980 to €94,980
mainly Depreciation (+€26,253) and Investment in fixed assets (net) (+€2,725)
- Reserves -€4,670
down €4,670 (-1.7%), from €279,080 to €274,410
- Gross operating margin -€26,488
down €26,488 (-51.5%), from €51,430 to €24,942
- Taxes -€9,992
down €9,992 (-97.3%), from €10,266 to €274
- Depreciation +€5,148
up €5,148 (+24.4%), from €21,104 to €26,253
- Financial income -€4,200
down €4,200 (-72.9%), from €5,763 to €1,564
of which Non-recurring financial income: -€4,494
- Other operating charges +€3,498
up €3,498 (+372.4%), from €939 to €4,438
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 | €302,519 | €297,059 | -€5,460 | -1.8% |
| Fixed assets | 21/28 | €112,399 | €83,422 | -€28,978 | -25.8% |
| Tangible fixed assets | 22/27 | €112,399 | €83,422 | -€28,978 | -25.8% |
| Land and buildings | 22 | €25,763 | €23,867 | -€1,896 | -7.4% |
| Plant, machinery and equipment | 23 | €14,496 | €6,720 | -€7,776 | -53.6% |
| Furniture and vehicles | 24 | €66,340 | €47,034 | -€19,305 | -29.1% |
| Other tangible fixed assets | 26 | €5,800 | €5,800 | = | 0.0% |
| Current assets | 29/58 | €190,120 | €213,638 | +€23,518 | +12.4% |
| Amounts receivable within one year | 40/41 | €16,345 | €19,051 | +€2,706 | +16.6% |
| Trade receivables | 40 | €1,180 | €4,326 | +€3,145 | +266.4% |
| Other amounts receivable | 41 | €15,165 | €14,726 | -€439 | -2.9% |
| Current investments | 50/53 | €95,500 | €97,100 | +€1,600 | +1.7% |
| Cash at bank and in hand | 54/58 | €74,980 | €94,980 | +€20,000 | +26.7% |
| Deferred charges and accrued income | 490/1 | €3,294 | €2,506 | -€788 | -23.9% |
| Total equity and liabilities | 10/49 | €302,519 | €297,059 | -€5,460 | -1.8% |
| Equity | 10/15 | €289,480 | €284,810 | -€4,670 | -1.6% |
| Contributions | 10/11 | €10,400 | €10,400 | = | 0.0% |
| Reserves | 13 | €279,080 | €274,410 | -€4,670 | -1.7% |
| Distributable reserves | 133 | €279,080 | €274,410 | -€4,670 | -1.7% |
| Amounts payable | 17/49 | €13,039 | €12,250 | -€790 | -6.1% |
| Amounts payable within one year | 42/48 | €13,039 | €12,250 | -€790 | -6.1% |
| Trade debts | 44 | €2,774 | €1,011 | -€1,763 | -63.5% |
| Suppliers | 440/4 | €2,774 | €1,011 | -€1,763 | -63.5% |
| Taxes, remuneration and social security | 45 | €2,437 | €954 | -€1,483 | -60.9% |
| Taxes | 450/3 | €2,437 | €954 | -€1,483 | -60.9% |
| Other amounts payable | 47/48 | €7,829 | €10,285 | +€2,456 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,104 | €26,253 | +€5,148 | +24.4% |
| Other operating charges | 640/8 | €939 | €4,438 | +€3,498 | +372.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €51,430 | €24,942 | -€26,488 | -51.5% |
| Operating profit (loss) | 9901 | €29,386 | -€5,748 | -€35,135 | |
| Financial income | 75/76B | €5,763 | €1,564 | -€4,200 | -72.9% |
| Recurring financial income | 75 | €1,269 | €1,564 | +€294 | +23.2% |
| Non-recurring financial income | 76B | €4,494 | €0 | -€4,494 | -100.0% |
| Financial charges | 65/66B | €517 | €211 | -€306 | -59.2% |
| Recurring financial charges | 65 | €517 | €211 | -€306 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €34,633 | -€4,396 | -€39,029 | |
| Income taxes | 67/77 | €10,266 | €274 | -€9,992 | -97.3% |
| Profit (loss) for the period | 9904 | €24,367 | -€4,670 | -€29,037 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,367 | -€4,670 | -€29,037 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.