ADRO: 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.
ADRO
Largest movements
- Cash -€11,786
down €11,786 (-61.7%), from €19,100 to €7,314
mainly Net result for the year (-€8,453) and Investment in fixed assets (net) (-€6,900)
- Tangible fixed assets -€8,693
down €8,693 (-14.6%), from €59,696 to €51,003
- Receivables within one year -€2,506
down €2,506 (-18.5%), from €13,583 to €11,077
of which Other amounts receivable: -€5,429
- Profit (loss) carried forward -€8,453
new in 2025: -€8,453
- Other debts -€6,735
down €6,735 (-39.2%), from €17,167 to €10,432
- Tax, wage and social debts -€5,732
down €5,732 (-92.1%), from €6,224 to €492
- Trade debts -€2,065
down €2,065 (-54.7%), from €3,771 to €1,707
- Gross operating margin -€20,561
down €20,561 (-72.8%), from €28,230 to €7,670
- Depreciation +€10,387
up €10,387 (+199.5%), from €5,206 to €15,593
- Taxes -€5,092
no longer reported in 2025 (was €5,092)
- Financial charges -€2,996
down €2,996 (-95.8%), from €3,126 to €130
- Other operating charges -€1,419
down €1,419 (-78.0%), from €1,819 to €400
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 | €92,378 | €69,393 | -€22,985 | -24.9% |
| Fixed assets | 21/28 | €59,696 | €51,003 | -€8,693 | -14.6% |
| Tangible fixed assets | 22/27 | €59,696 | €51,003 | -€8,693 | -14.6% |
| Plant, machinery and equipment | 23 | €59,696 | €51,003 | -€8,693 | -14.6% |
| Current assets | 29/58 | €32,683 | €18,391 | -€14,292 | -43.7% |
| Amounts receivable within one year | 40/41 | €13,583 | €11,077 | -€2,506 | -18.5% |
| Trade receivables | 40 | €2,685 | €5,608 | +€2,923 | +108.8% |
| Other amounts receivable | 41 | €10,897 | €5,469 | -€5,429 | -49.8% |
| Cash at bank and in hand | 54/58 | €19,100 | €7,314 | -€11,786 | -61.7% |
| Total equity and liabilities | 10/49 | €92,378 | €69,393 | -€22,985 | -24.9% |
| Equity | 10/15 | €65,216 | €56,763 | -€8,453 | -13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,616 | €46,616 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,756 | €44,756 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,453 | -€8,453 | |
| Amounts payable | 17/49 | €27,162 | €12,630 | -€14,532 | -53.5% |
| Amounts payable within one year | 42/48 | €27,162 | €12,630 | -€14,532 | -53.5% |
| Trade debts | 44 | €3,771 | €1,707 | -€2,065 | -54.7% |
| Suppliers | 440/4 | €3,771 | €1,707 | -€2,065 | -54.7% |
| Taxes, remuneration and social security | 45 | €6,224 | €492 | -€5,732 | -92.1% |
| Taxes | 450/3 | €6,224 | €492 | -€5,732 | -92.1% |
| Other amounts payable | 47/48 | €17,167 | €10,432 | -€6,735 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,206 | €15,593 | +€10,387 | +199.5% |
| Other operating charges | 640/8 | €1,819 | €400 | -€1,419 | -78.0% |
| Gross operating margin | 9900 | €28,230 | €7,670 | -€20,561 | -72.8% |
| Operating profit (loss) | 9901 | €21,206 | -€8,324 | -€29,529 | |
| Financial income | 75/76B | €3 | €1 | -€2 | -71.9% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -71.9% |
| Financial charges | 65/66B | €3,126 | €130 | -€2,996 | -95.8% |
| Recurring financial charges | 65 | €3,126 | €130 | -€2,996 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €18,083 | -€8,453 | -€26,536 | |
| Income taxes | 67/77 | €5,092 | - | -€5,092 | |
| Profit (loss) for the period | 9904 | €12,991 | -€8,453 | -€21,444 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,991 | -€8,453 | -€21,444 |
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 8 October 2026 via checked.be.