ADRODEK: 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.
ADRODEK
Largest movements
- Tangible fixed assets +€43,326
up €43,326 (+5.7%), from €761,490 to €804,816
of which Leasing and similar rights: +€28,834
- Other debts +€53,878
up €53,878 (+11.4%), from €473,551 to €527,429
- Profit (loss) carried forward -€33,764
down €33,764 (-18.4%), from -€183,655 to -€217,419
- Debts after one year +€23,235
new in 2025: €23,235
- Depreciation +€3,035
up €3,035 (+79.2%), from €3,829 to €6,864
- Financial charges +€326
up €326 (+418%), from €78 to €404
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 | €791,373 | €841,585 | +€50,212 | +6.3% |
| Fixed assets | 21/28 | €761,490 | €804,816 | +€43,326 | +5.7% |
| Tangible fixed assets | 22/27 | €761,490 | €804,816 | +€43,326 | +5.7% |
| Land and buildings | 22 | €758,384 | €755,331 | -€3,053 | -0.4% |
| Plant, machinery and equipment | 23 | €1,232 | €821 | -€411 | -33.4% |
| Furniture and vehicles | 24 | €1,873 | €5,028 | +€3,154 | +168% |
| Leasing and similar rights | 25 | - | €28,834 | +€28,834 | |
| Other tangible fixed assets | 26 | - | €14,802 | +€14,802 | |
| Current assets | 29/58 | €29,883 | €36,768 | +€6,885 | +23.0% |
| Amounts receivable within one year | 40/41 | €29,275 | €34,709 | +€5,434 | +18.6% |
| Other amounts receivable | 41 | €29,275 | €34,709 | +€5,434 | +18.6% |
| Cash at bank and in hand | 54/58 | €341 | €770 | +€429 | +126% |
| Deferred charges and accrued income | 490/1 | €267 | €1,289 | +€1,022 | +383% |
| Total equity and liabilities | 10/49 | €791,373 | €841,585 | +€50,212 | +6.3% |
| Equity | 10/15 | €316,345 | €282,581 | -€33,764 | -10.7% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,655 | -€217,419 | -€33,764 | -18.4% |
| Amounts payable | 17/49 | €475,028 | €559,004 | +€83,975 | +17.7% |
| Amounts payable after more than one year | 17 | - | €23,235 | +€23,235 | |
| Financial debts | 170/4 | - | €23,235 | +€23,235 | |
| Amounts payable within one year | 42/48 | €475,028 | €535,769 | +€60,740 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,597 | +€5,597 | |
| Trade debts | 44 | €1,478 | €2,461 | +€983 | +66.5% |
| Suppliers | 440/4 | €1,478 | €2,461 | +€983 | +66.5% |
| Taxes, remuneration and social security | 45 | - | €283 | +€283 | |
| Taxes | 450/3 | - | €283 | +€283 | |
| Other amounts payable | 47/48 | €473,551 | €527,429 | +€53,878 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,829 | €6,864 | +€3,035 | +79.2% |
| Other operating charges | 640/8 | €461 | €572 | +€111 | +24.2% |
| Gross operating margin | 9900 | -€25,738 | -€25,907 | -€170 | -0.7% |
| Operating profit (loss) | 9901 | -€30,028 | -€33,343 | -€3,315 | -11.0% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €78 | €404 | +€326 | +418% |
| Recurring financial charges | 65 | €78 | €404 | +€326 | +418% |
| Profit (loss) for the period before taxes | 9903 | -€30,106 | -€33,740 | -€3,635 | -12.1% |
| Income taxes | 67/77 | - | €24 | +€24 | |
| Profit (loss) for the period | 9904 | -€30,106 | -€33,764 | -€3,658 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,106 | -€33,764 | -€3,658 | -12.2% |
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 29 October 2026 via checked.be.