ADORADO: 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.
ADORADO
Largest movements
- Cash -€14,313
down €14,313 (-56.5%), from €25,325 to €11,013
mainly Net result for the year (-€14,112) and Tax, wage and social debts (-€1,419)
- Receivables within one year +€1,212
up €1,212 (+231%), from €525 to €1,737
- Profit (loss) carried forward -€14,112
down €14,112 (-7.0%), from -€200,309 to -€214,422
- Trade debts +€1,897
up €1,897 (+288%), from €658 to €2,556
- Tax, wage and social debts -€1,419
no longer reported in 2025 (was €1,419)
- Gross operating margin -€24,494
down €24,494, from €11,209 to -€13,286
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 | €82,989 | €69,788 | -€13,201 | -15.9% |
| Fixed assets | 21/28 | €9,498 | €9,252 | -€246 | -2.6% |
| Tangible fixed assets | 22/27 | €593 | €347 | -€246 | -41.4% |
| Plant, machinery and equipment | 23 | €593 | €347 | -€246 | -41.4% |
| Financial fixed assets | 28 | €8,905 | €8,905 | = | 0.0% |
| Current assets | 29/58 | €73,492 | €60,536 | -€12,956 | -17.6% |
| Stocks and contracts in progress | 3 | €46,500 | €46,500 | = | 0.0% |
| Stocks | 30/36 | €46,500 | €46,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €525 | €1,737 | +€1,212 | +231% |
| Other amounts receivable | 41 | €525 | €1,737 | +€1,212 | +231% |
| Cash at bank and in hand | 54/58 | €25,325 | €11,013 | -€14,313 | -56.5% |
| Deferred charges and accrued income | 490/1 | €1,141 | €1,286 | +€145 | +12.7% |
| Total equity and liabilities | 10/49 | €82,989 | €69,788 | -€13,201 | -15.9% |
| Equity | 10/15 | -€100,309 | -€114,422 | -€14,112 | -14.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€200,309 | -€214,422 | -€14,112 | -7.0% |
| Amounts payable | 17/49 | €183,299 | €184,210 | +€911 | +0.5% |
| Amounts payable after more than one year | 17 | €107,000 | €107,000 | = | 0.0% |
| Financial debts | 170/4 | €107,000 | €107,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €75,080 | €75,881 | +€801 | +1.1% |
| Trade debts | 44 | €658 | €2,556 | +€1,897 | +288% |
| Suppliers | 440/4 | €658 | €2,556 | +€1,897 | +288% |
| Taxes, remuneration and social security | 45 | €1,419 | - | -€1,419 | |
| Taxes | 450/3 | €1,419 | - | -€1,419 | |
| Other amounts payable | 47/48 | €73,003 | €73,325 | +€323 | +0.4% |
| Accrued charges and deferred income | 492/3 | €1,219 | €1,329 | +€110 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246 | €246 | = | 0.0% |
| Other operating charges | 640/8 | €338 | €467 | +€129 | +38.2% |
| Gross operating margin | 9900 | €11,209 | -€13,286 | -€24,494 | |
| Operating profit (loss) | 9901 | €10,625 | -€13,998 | -€24,624 | |
| Financial income | 75/76B | €0 | €20 | +€20 | +13,233% |
| Recurring financial income | 75 | €0 | €20 | +€20 | +13,233% |
| Financial charges | 65/66B | €203 | €134 | -€69 | -33.8% |
| Recurring financial charges | 65 | €203 | €134 | -€69 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €10,423 | -€14,112 | -€24,535 | |
| Profit (loss) for the period | 9904 | €10,423 | -€14,112 | -€24,535 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,423 | -€14,112 | -€24,535 |
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 28 October 2026 via checked.be.