AdOpMa: 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.
AdOpMa
Largest movements
- Deferred charges and accrued income -€8,128
no longer reported in 2025 (was €8,128)
- Receivables within one year -€3,702
down €3,702 (-17.4%), from €21,222 to €17,521
of which Other amounts receivable: -€3,702
- Current investments +€1,200
up €1,200 (+27.9%), from €4,300 to €5,500
- Cash -€1,132
down €1,132 (-5.0%), from €22,591 to €21,460
mainly Net result for the year (-€16,989) and Investment in fixed assets (net) (-€2,098)
- Profit (loss) carried forward -€16,989
down €16,989 (-109%), from -€15,604 to -€32,593
- Trade debts +€4,078
up €4,078 (+186%), from €2,189 to €6,267
- Tax, wage and social debts +€2,356
new in 2025: €2,356
of which Remuneration and social security: +€2,032
- Accrued charges and deferred income -€1,005
down €1,005 (-92.9%), from €1,082 to €77
- Staff costs +€3,842
new in 2025: €3,842
- Gross operating margin +€2,089
up €2,089 (+22.1%), from -€9,472 to -€7,383
- Financial charges -€375
down €375 (-12.3%), from €3,060 to €2,684
- Other operating charges -€201
down €201 (-18.9%), from €1,061 to €860
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 | €58,332 | €46,771 | -€11,560 | -19.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,090 | €2,291 | +€201 | +9.6% |
| Tangible fixed assets | 22/27 | €2,090 | €2,291 | +€201 | +9.6% |
| Furniture and vehicles | 24 | €2,090 | €2,291 | +€201 | +9.6% |
| Current assets | 29/58 | €56,242 | €44,480 | -€11,761 | -20.9% |
| Amounts receivable within one year | 40/41 | €21,222 | €17,521 | -€3,702 | -17.4% |
| Trade receivables | 40 | €9,854 | €9,854 | = | 0.0% |
| Other amounts receivable | 41 | €11,368 | €7,667 | -€3,702 | -32.6% |
| Current investments | 50/53 | €4,300 | €5,500 | +€1,200 | +27.9% |
| Cash at bank and in hand | 54/58 | €22,591 | €21,460 | -€1,132 | -5.0% |
| Deferred charges and accrued income | 490/1 | €8,128 | - | -€8,128 | |
| Total equity and liabilities | 10/49 | €58,332 | €46,771 | -€11,560 | -19.8% |
| Equity | 10/15 | €54,484 | €37,495 | -€16,989 | -31.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €65,089 | €65,089 | = | 0.0% |
| Distributable reserves | 133 | €65,089 | €65,089 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,604 | -€32,593 | -€16,989 | -109% |
| Amounts payable | 17/49 | €3,847 | €9,276 | +€5,429 | +141% |
| Amounts payable within one year | 42/48 | €2,765 | €9,199 | +€6,434 | +233% |
| Trade debts | 44 | €2,189 | €6,267 | +€4,078 | +186% |
| Suppliers | 440/4 | €2,189 | €6,267 | +€4,078 | +186% |
| Advances received on contracts in progress | 46 | €576 | €576 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €2,356 | +€2,356 | |
| Taxes | 450/3 | - | €324 | +€324 | |
| Remuneration and social security | 454/9 | - | €2,032 | +€2,032 | |
| Accrued charges and deferred income | 492/3 | €1,082 | €77 | -€1,005 | -92.9% |
| Remuneration, social security and pensions | 62 | - | €3,842 | +€3,842 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,822 | €1,897 | +€75 | +4.1% |
| Other operating charges | 640/8 | €1,061 | €860 | -€201 | -18.9% |
| Gross operating margin | 9900 | -€9,472 | -€7,383 | +€2,089 | +22.1% |
| Operating profit (loss) | 9901 | -€12,355 | -€13,982 | -€1,627 | -13.2% |
| Financial income | 75/76B | €10 | €1 | -€9 | -89.3% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -89.3% |
| Financial charges | 65/66B | €3,060 | €2,684 | -€375 | -12.3% |
| Recurring financial charges | 65 | €3,060 | €2,684 | -€375 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,404 | -€16,665 | -€1,261 | -8.2% |
| Income taxes | 67/77 | €299 | €324 | +€25 | +8.4% |
| Profit (loss) for the period | 9904 | -€15,703 | -€16,989 | -€1,286 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,703 | -€16,989 | -€1,286 | -8.2% |
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 21 October 2026 via checked.be.