ADONIOS: 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.
ADONIOS
Largest movements
- Financial fixed assets -€263,862
no longer reported in 2025 (was €263,862)
- Tangible fixed assets -€66,943
down €66,943 (-7.5%), from €890,596 to €823,653
of which Land and buildings: -€66,720
- Receivables within one year +€60,224
up €60,224 (+142.2%), from €42,339 to €102,563
of which Trade receivables: +€34,413
- Profit (loss) carried forward -€179,130
down €179,130 (-137.0%), from -€130,727 to -€309,857
- Debts after one year -€69,011
down €69,011 (-13.3%), from €518,908 to €449,897
- Trade debts +€30,919
up €30,919 (+273.4%), from €11,309 to €42,228
- Other debts -€25,787
down €25,787 (-12.0%), from €214,779 to €188,992
- Tax, wage and social debts -€24,024
down €24,024 (-95.1%), from €25,265 to €1,241
- Gross operating margin -€25,414
down €25,414 (-20.2%), from €125,644 to €100,230
- Taxes -€14,215
no longer reported in 2025 (was €14,215)
- Other operating charges -€6,529
no longer reported in 2025 (was €6,529)
- Depreciation -€2,606
down €2,606 (-3.7%), from €69,549 to €66,943
- Financial charges -€1,670
down €1,670 (-11.7%), from €14,309 to €12,639
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 | €1,205,875 | €934,429 | -€271,446 | -22.5% |
| Fixed assets | 21/28 | €1,154,458 | €823,653 | -€330,805 | -28.7% |
| Tangible fixed assets | 22/27 | €890,596 | €823,653 | -€66,943 | -7.5% |
| Land and buildings | 22 | €890,373 | €823,653 | -€66,720 | -7.5% |
| Furniture and vehicles | 24 | €223 | - | -€223 | |
| Financial fixed assets | 28 | €263,862 | - | -€263,862 | |
| Current assets | 29/58 | €51,417 | €110,776 | +€59,359 | +115.4% |
| Amounts receivable within one year | 40/41 | €42,339 | €102,563 | +€60,224 | +142.2% |
| Trade receivables | 40 | €42,339 | €76,752 | +€34,413 | +81.3% |
| Other amounts receivable | 41 | - | €25,811 | +€25,811 | |
| Cash at bank and in hand | 54/58 | €9,078 | €1,155 | -€7,924 | -87.3% |
| Deferred charges and accrued income | 490/1 | - | €7,058 | +€7,058 | |
| Total equity and liabilities | 10/49 | €1,205,875 | €934,429 | -€271,446 | -22.5% |
| Equity | 10/15 | €353,629 | €174,499 | -€179,130 | -50.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €423,224 | €423,224 | = | 0.0% |
| Reserves | 13 | €42,541 | €42,541 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,681 | €25,681 | = | 0.0% |
| Distributable reserves | 133 | €16,860 | €16,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,727 | -€309,857 | -€179,130 | -137.0% |
| Provisions and deferred taxes | 16 | €8,560 | €8,560 | = | 0.0% |
| Deferred taxes | 168 | €8,560 | €8,560 | = | 0.0% |
| Amounts payable | 17/49 | €843,685 | €751,369 | -€92,316 | -10.9% |
| Amounts payable after more than one year | 17 | €518,908 | €449,897 | -€69,011 | -13.3% |
| Financial debts | 170/4 | €518,908 | €449,897 | -€69,011 | -13.3% |
| Amounts payable within one year | 42/48 | €324,777 | €301,472 | -€23,305 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €73,424 | €69,011 | -€4,413 | -6.0% |
| Trade debts | 44 | €11,309 | €42,228 | +€30,919 | +273.4% |
| Suppliers | 440/4 | €11,309 | €42,228 | +€30,919 | +273.4% |
| Taxes, remuneration and social security | 45 | €25,265 | €1,241 | -€24,024 | -95.1% |
| Taxes | 450/3 | €25,265 | €1,241 | -€24,024 | -95.1% |
| Other amounts payable | 47/48 | €214,779 | €188,992 | -€25,787 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,549 | €66,943 | -€2,606 | -3.7% |
| Other operating charges | 640/8 | €6,529 | - | -€6,529 | |
| Gross operating margin | 9900 | €125,644 | €100,230 | -€25,414 | -20.2% |
| Operating profit (loss) | 9901 | €49,566 | €33,287 | -€16,279 | -32.8% |
| Financial income | 75/76B | €131 | - | -€131 | |
| Recurring financial income | 75 | €131 | - | -€131 | |
| Financial charges | 65/66B | €14,309 | €12,639 | -€1,670 | -11.7% |
| Recurring financial charges | 65 | €14,309 | €12,639 | -€1,670 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €35,387 | €20,648 | -€14,740 | -41.7% |
| Income taxes | 67/77 | €14,215 | - | -€14,215 | |
| Profit (loss) for the period | 9904 | €21,172 | €20,648 | -€524 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,172 | €20,648 | -€524 | -2.5% |
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 3 October 2026 via checked.be.