ADORTHO: 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.
ADORTHO
Largest movements
- Cash +€13,816
up €13,816 (+20.0%), from €69,119 to €82,935
mainly Net result for the year (+€19,624) and Depreciation (+€13,249)
- Tangible fixed assets -€13,249
down €13,249 (-38.2%), from €34,716 to €21,467
of which Furniture and vehicles: -€10,149
- Receivables within one year -€8,150
down €8,150 (-76.1%), from €10,708 to €2,558
of which Other amounts receivable: -€8,239
- Debts after one year -€12,545
down €12,545 (-85.2%), from €14,717 to €2,173
- Reserves +€7,317
up €7,317 (+7.4%), from €99,195 to €106,512
- Tax, wage and social debts -€2,891
down €2,891 (-51.9%), from €5,573 to €2,683
- Gross operating margin -€1,624
down €1,624 (-3.9%), from €41,185 to €39,561
- Depreciation +€838
up €838 (+6.8%), from €12,411 to €13,249
- Financial income +€482
up €482 (+30.4%), from €1,587 to €2,069
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 | €133,422 | €125,784 | -€7,638 | -5.7% |
| Fixed assets | 21/28 | €34,831 | €21,582 | -€13,249 | -38.0% |
| Tangible fixed assets | 22/27 | €34,716 | €21,467 | -€13,249 | -38.2% |
| Plant, machinery and equipment | 23 | €11,193 | €8,604 | -€2,589 | -23.1% |
| Furniture and vehicles | 24 | €20,638 | €10,489 | -€10,149 | -49.2% |
| Other tangible fixed assets | 26 | €2,885 | €2,373 | -€512 | -17.7% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €98,591 | €104,203 | +€5,611 | +5.7% |
| Amounts receivable after more than one year | 29 | €16,721 | €16,721 | = | 0.0% |
| Other amounts receivable | 291 | €16,721 | €16,721 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,708 | €2,558 | -€8,150 | -76.1% |
| Trade receivables | 40 | - | €89 | +€89 | |
| Other amounts receivable | 41 | €10,708 | €2,469 | -€8,239 | -76.9% |
| Cash at bank and in hand | 54/58 | €69,119 | €82,935 | +€13,816 | +20.0% |
| Deferred charges and accrued income | 490/1 | €2,042 | €1,988 | -€54 | -2.7% |
| Total equity and liabilities | 10/49 | €133,422 | €125,784 | -€7,638 | -5.7% |
| Equity | 10/15 | €99,595 | €106,912 | +€7,317 | +7.3% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €99,195 | €106,512 | +€7,317 | +7.4% |
| Distributable reserves | 133 | €99,195 | €106,512 | +€7,317 | +7.4% |
| Amounts payable | 17/49 | €33,828 | €18,872 | -€14,955 | -44.2% |
| Amounts payable after more than one year | 17 | €14,717 | €2,173 | -€12,545 | -85.2% |
| Financial debts | 170/4 | €14,717 | €2,173 | -€12,545 | -85.2% |
| Amounts payable within one year | 42/48 | €18,418 | €16,700 | -€1,719 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €12,238 | €12,545 | +€306 | +2.5% |
| Trade debts | 44 | €607 | €1,443 | +€837 | +137.9% |
| Suppliers | 440/4 | €607 | €1,443 | +€837 | +137.9% |
| Taxes, remuneration and social security | 45 | €5,573 | €2,683 | -€2,891 | -51.9% |
| Taxes | 450/3 | €5,573 | €2,683 | -€2,891 | -51.9% |
| Other amounts payable | 47/48 | - | €29 | +€29 | |
| Accrued charges and deferred income | 492/3 | €692 | - | -€692 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,411 | €13,249 | +€838 | +6.8% |
| Other operating charges | 640/8 | €194 | €392 | +€198 | +102.1% |
| Gross operating margin | 9900 | €41,185 | €39,561 | -€1,624 | -3.9% |
| Operating profit (loss) | 9901 | €28,580 | €25,919 | -€2,660 | -9.3% |
| Financial income | 75/76B | €1,587 | €2,069 | +€482 | +30.4% |
| Recurring financial income | 75 | €1,587 | €2,069 | +€482 | +30.4% |
| Financial charges | 65/66B | €887 | €668 | -€220 | -24.8% |
| Recurring financial charges | 65 | €887 | €668 | -€220 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €29,279 | €27,321 | -€1,958 | -6.7% |
| Income taxes | 67/77 | €8,006 | €7,697 | -€309 | -3.9% |
| Profit (loss) for the period | 9904 | €21,273 | €19,624 | -€1,650 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,273 | €19,624 | -€1,650 | -7.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.