ADORE: 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.
ADORE
Largest movements
- Cash +€54,500
up €54,500 (+1581.6%), from €3,446 to €57,946
mainly Other debts (+€74,695) and Depreciation (+€9,004)
- Receivables within one year +€5,844
up €5,844 (+335.4%), from €1,742 to €7,586
- Tangible fixed assets -€4,565
down €4,565 (-3.5%), from €129,855 to €125,290
of which Furniture and vehicles: -€4,738
- Other debts +€74,695
up €74,695 (+137.3%), from €54,415 to €129,111
- Profit (loss) carried forward -€17,432
down €17,432 (-31.1%), from €55,997 to €38,564
- Depreciation -€14,586
down €14,586 (-61.8%), from €23,590 to €9,004
- Gross operating margin -€4,985
down €4,985 (-426.0%), from -€1,170 to -€6,155
- Other operating charges -€1,360
down €1,360 (-46.8%), from €2,905 to €1,545
- Taxes -€379
down €379 (-46.3%), from €819 to €439
- Financial charges -€191
down €191 (-39.8%), from €479 to €288
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 | €135,956 | €191,821 | +€55,865 | +41.1% |
| Fixed assets | 21/28 | €129,855 | €125,290 | -€4,565 | -3.5% |
| Tangible fixed assets | 22/27 | €129,855 | €125,290 | -€4,565 | -3.5% |
| Land and buildings | 22 | €124,126 | €124,528 | +€402 | +0.3% |
| Plant, machinery and equipment | 23 | €991 | €762 | -€229 | -23.1% |
| Furniture and vehicles | 24 | €4,738 | €0 | -€4,738 | -100.0% |
| Current assets | 29/58 | €6,101 | €66,531 | +€60,430 | +990.5% |
| Amounts receivable within one year | 40/41 | €1,742 | €7,586 | +€5,844 | +335.4% |
| Trade receivables | 40 | €1,742 | €7,586 | +€5,844 | +335.4% |
| Cash at bank and in hand | 54/58 | €3,446 | €57,946 | +€54,500 | +1581.6% |
| Deferred charges and accrued income | 490/1 | €913 | €999 | +€86 | +9.5% |
| Total equity and liabilities | 10/49 | €135,956 | €191,821 | +€55,865 | +41.1% |
| Equity | 10/15 | €78,237 | €60,804 | -€17,432 | -22.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,840 | €9,840 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €9,840 | €9,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,997 | €38,564 | -€17,432 | -31.1% |
| Amounts payable | 17/49 | €57,719 | €131,017 | +€73,297 | +127.0% |
| Amounts payable within one year | 42/48 | €57,719 | €131,017 | +€73,297 | +127.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €147 | €43 | -€105 | -71.0% |
| Suppliers | 440/4 | €147 | €43 | -€105 | -71.0% |
| Taxes, remuneration and social security | 45 | €3,157 | €1,863 | -€1,293 | -41.0% |
| Taxes | 450/3 | €3,157 | €1,863 | -€1,293 | -41.0% |
| Other amounts payable | 47/48 | €54,415 | €129,111 | +€74,695 | +137.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,590 | €9,004 | -€14,586 | -61.8% |
| Other operating charges | 640/8 | €2,905 | €1,545 | -€1,360 | -46.8% |
| Gross operating margin | 9900 | -€1,170 | -€6,155 | -€4,985 | -426.0% |
| Operating profit (loss) | 9901 | -€27,666 | -€16,705 | +€10,961 | +39.6% |
| Financial charges | 65/66B | €479 | €288 | -€191 | -39.8% |
| Recurring financial charges | 65 | €479 | €288 | -€191 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | -€28,145 | -€16,993 | +€11,152 | +39.6% |
| Income taxes | 67/77 | €819 | €439 | -€379 | -46.3% |
| Profit (loss) for the period | 9904 | -€28,964 | -€17,432 | +€11,531 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,964 | -€17,432 | +€11,531 | +39.8% |
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 1 October 2026 via checked.be.