ADONIS: 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.
ADONIS
Largest movements
- Cash +€26,002
up €26,002 (+172%), from €15,074 to €41,076
mainly Trade debts (+€15,573) and Depreciation (+€8,682)
- Tangible fixed assets -€7,236
down €7,236 (-31.1%), from €23,269 to €16,032
of which Furniture and vehicles: -€8,096
- Receivables within one year -€6,500
down €6,500 (-71.8%), from €9,048 to €2,548
of which Other amounts receivable: -€5,981
- Stocks and contracts -€1,415
down €1,415 (-2.2%), from €63,531 to €62,116
- Trade debts +€15,573
up €15,573 (+54.2%), from €28,759 to €44,332
- Profit (loss) carried forward -€6,557
down €6,557 (-19.8%), from €33,095 to €26,538
- Tax, wage and social debts +€2,511
up €2,511 (+45.9%), from €5,466 to €7,978
of which Taxes: +€2,244
- Gross operating margin +€8,773
up €8,773 (+24.9%), from €35,167 to €43,940
- Depreciation +€2,547
up €2,547 (+41.5%), from €6,135 to €8,682
- Financial charges -€1,182
down €1,182 (-66.3%), from €1,781 to €600
- Other operating charges -€746
down €746 (-9.9%), from €7,524 to €6,779
- Taxes -€523
down €523 (-53.9%), from €970 to €447
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 | €113,225 | €124,075 | +€10,850 | +9.6% |
| Fixed assets | 21/28 | €23,564 | €16,327 | -€7,236 | -30.7% |
| Tangible fixed assets | 22/27 | €23,269 | €16,032 | -€7,236 | -31.1% |
| Plant, machinery and equipment | 23 | €1,293 | €2,152 | +€860 | +66.5% |
| Furniture and vehicles | 24 | €21,976 | €13,880 | -€8,096 | -36.8% |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €89,661 | €107,748 | +€18,087 | +20.2% |
| Stocks and contracts in progress | 3 | €63,531 | €62,116 | -€1,415 | -2.2% |
| Stocks | 30/36 | €63,531 | €62,116 | -€1,415 | -2.2% |
| Amounts receivable within one year | 40/41 | €9,048 | €2,548 | -€6,500 | -71.8% |
| Trade receivables | 40 | €2,539 | €2,020 | -€520 | -20.5% |
| Other amounts receivable | 41 | €6,508 | €528 | -€5,981 | -91.9% |
| Current investments | 50/53 | €2,008 | €2,008 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,074 | €41,076 | +€26,002 | +172% |
| Total equity and liabilities | 10/49 | €113,225 | €124,075 | +€10,850 | +9.6% |
| Equity | 10/15 | €76,172 | €69,615 | -€6,557 | -8.6% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €35,640 | €35,640 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €33,781 | €33,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,095 | €26,538 | -€6,557 | -19.8% |
| Amounts payable | 17/49 | €37,053 | €54,460 | +€17,408 | +47.0% |
| Amounts payable after more than one year | 17 | €1,211 | - | -€1,211 | |
| Financial debts | 170/4 | €1,211 | - | -€1,211 | |
| Amounts payable within one year | 42/48 | €35,842 | €53,926 | +€18,084 | +50.5% |
| Trade debts | 44 | €28,759 | €44,332 | +€15,573 | +54.2% |
| Suppliers | 440/4 | €28,759 | €44,332 | +€15,573 | +54.2% |
| Taxes, remuneration and social security | 45 | €5,466 | €7,978 | +€2,511 | +45.9% |
| Taxes | 450/3 | €541 | €2,785 | +€2,244 | +415% |
| Remuneration and social security | 454/9 | €4,925 | €5,193 | +€268 | +5.4% |
| Other amounts payable | 47/48 | €1,616 | €1,616 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €534 | +€534 | |
| Non-recurring operating income | 76A | - | €24 | +€24 | |
| Remuneration, social security and pensions | 62 | €33,937 | €33,990 | +€53 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,135 | €8,682 | +€2,547 | +41.5% |
| Other operating charges | 640/8 | €7,524 | €6,779 | -€746 | -9.9% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €35,167 | €43,940 | +€8,773 | +24.9% |
| Operating profit (loss) | 9901 | -€12,429 | -€5,511 | +€6,919 | +55.7% |
| Financial charges | 65/66B | €1,781 | €600 | -€1,182 | -66.3% |
| Recurring financial charges | 65 | €1,781 | €600 | -€1,182 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,210 | -€6,110 | +€8,100 | +57.0% |
| Income taxes | 67/77 | €970 | €447 | -€523 | -53.9% |
| Profit (loss) for the period | 9904 | -€15,180 | -€6,557 | +€8,623 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,180 | -€6,557 | +€8,623 | +56.8% |
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 15 October 2026 via checked.be.