ADORimmo: 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.
ADORimmo
Largest movements
- Receivables within one year +€24,205
up €24,205 (+79.5%), from €30,450 to €54,655
of which Trade receivables: +€24,192
- Cash +€6,748
up €6,748 (+6.8%), from €99,785 to €106,533
mainly Net result for the year (+€14,342) and Tax, wage and social debts (+€6,172)
- Tangible fixed assets -€6,039
down €6,039 (-2.4%), from €250,966 to €244,927
- Reserves +€14,342
up €14,342 (+12.4%), from €115,606 to €129,948
of which Distributable reserves: +€15,523
- Tax, wage and social debts +€6,172
up €6,172 (+71.7%), from €8,614 to €14,786
- Debts after one year +€4,465
up €4,465 (+2.5%), from €178,608 to €183,073
- Gross operating margin -€3,783
down €3,783 (-9.3%), from €40,870 to €37,087
- Financial charges +€2,931
up €2,931 (+53.6%), from €5,470 to €8,401
- Taxes -€2,127
down €2,127 (-27.3%), from €7,778 to €5,651
- Other operating charges +€615
up €615 (+24.2%), from €2,535 to €3,150
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 | €381,201 | €406,114 | +€24,914 | +6.5% |
| Fixed assets | 21/28 | €250,966 | €244,927 | -€6,039 | -2.4% |
| Tangible fixed assets | 22/27 | €250,966 | €244,927 | -€6,039 | -2.4% |
| Land and buildings | 22 | €250,966 | €244,927 | -€6,039 | -2.4% |
| Current assets | 29/58 | €130,235 | €161,188 | +€30,953 | +23.8% |
| Amounts receivable within one year | 40/41 | €30,450 | €54,655 | +€24,205 | +79.5% |
| Trade receivables | 40 | €30,000 | €54,192 | +€24,192 | +80.6% |
| Other amounts receivable | 41 | €450 | €463 | +€13 | +2.8% |
| Cash at bank and in hand | 54/58 | €99,785 | €106,533 | +€6,748 | +6.8% |
| Total equity and liabilities | 10/49 | €381,201 | €406,114 | +€24,914 | +6.5% |
| Equity | 10/15 | €134,198 | €148,540 | +€14,342 | +10.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €115,606 | €129,948 | +€14,342 | +12.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,188 | €10,007 | -€1,181 | -10.6% |
| Distributable reserves | 133 | €102,559 | €118,082 | +€15,523 | +15.1% |
| Provisions and deferred taxes | 16 | €4,699 | €4,203 | -€496 | -10.6% |
| Deferred taxes | 168 | €4,699 | €4,203 | -€496 | -10.6% |
| Amounts payable | 17/49 | €242,304 | €253,371 | +€11,067 | +4.6% |
| Amounts payable after more than one year | 17 | €178,608 | €183,073 | +€4,465 | +2.5% |
| Other amounts payable | 178/9 | €178,608 | €183,073 | +€4,465 | +2.5% |
| Amounts payable within one year | 42/48 | €63,696 | €69,898 | +€6,203 | +9.7% |
| Trade debts | 44 | €3,907 | €1,401 | -€2,506 | -64.1% |
| Suppliers | 440/4 | €3,907 | €1,401 | -€2,506 | -64.1% |
| Taxes, remuneration and social security | 45 | €8,614 | €14,786 | +€6,172 | +71.7% |
| Taxes | 450/3 | €8,614 | €14,786 | +€6,172 | +71.7% |
| Other amounts payable | 47/48 | €51,175 | €53,711 | +€2,536 | +5.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,999 | €6,039 | +€40 | +0.7% |
| Other operating charges | 640/8 | €2,535 | €3,150 | +€615 | +24.2% |
| Gross operating margin | 9900 | €40,870 | €37,087 | -€3,783 | -9.3% |
| Operating profit (loss) | 9901 | €32,336 | €27,898 | -€4,438 | -13.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €5,470 | €8,401 | +€2,931 | +53.6% |
| Recurring financial charges | 65 | €5,470 | €8,401 | +€2,931 | +53.6% |
| Profit (loss) for the period before taxes | 9903 | €26,866 | €19,497 | -€7,369 | -27.4% |
| Transfer from deferred taxes | 780 | €496 | €496 | -€0 | 0.0% |
| Income taxes | 67/77 | €7,778 | €5,651 | -€2,127 | -27.3% |
| Profit (loss) for the period | 9904 | €19,584 | €14,342 | -€5,242 | -26.8% |
| Transfer from tax-exempt reserves | 789 | €1,181 | €1,181 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,764 | €15,523 | -€5,242 | -25.2% |
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 11 October 2026 via checked.be.