ADROSEM: 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.
ADROSEM
Largest movements
- Tangible fixed assets -€11,534
down €11,534 (-3.1%), from €375,004 to €363,469
- Debts after one year -€15,125
down €15,125 (-5.3%), from €285,858 to €270,733
- Profit (loss) carried forward +€9,248
up €9,248 (+26.0%), from -€35,581 to -€26,333
- Gross operating margin +€8,700
up €8,700 (+43.1%), from €20,185 to €28,885
- Financial charges -€2,329
down €2,329 (-32.1%), from €7,247 to €4,918
- Other operating charges +€593
up €593 (+20.0%), from €2,967 to €3,560
- Depreciation +€353
up €353 (+3.2%), from €11,182 to €11,534
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 | €376,034 | €364,142 | -€11,893 | -3.2% |
| Fixed assets | 21/28 | €375,004 | €363,469 | -€11,534 | -3.1% |
| Tangible fixed assets | 22/27 | €375,004 | €363,469 | -€11,534 | -3.1% |
| Land and buildings | 22 | €375,004 | €363,469 | -€11,534 | -3.1% |
| Current assets | 29/58 | €1,031 | €672 | -€358 | -34.8% |
| Cash at bank and in hand | 54/58 | €729 | €360 | -€369 | -50.6% |
| Deferred charges and accrued income | 490/1 | €302 | €312 | +€10 | +3.4% |
| Total equity and liabilities | 10/49 | €376,034 | €364,142 | -€11,893 | -3.2% |
| Equity | 10/15 | -€25,266 | -€16,318 | +€8,948 | +35.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,581 | -€26,333 | +€9,248 | +26.0% |
| Investment grants | 15 | €5,316 | €5,016 | -€300 | -5.6% |
| Provisions and deferred taxes | 16 | €1,329 | €1,254 | -€75 | -5.6% |
| Deferred taxes | 168 | €1,329 | €1,254 | -€75 | -5.6% |
| Amounts payable | 17/49 | €399,971 | €379,205 | -€20,766 | -5.2% |
| Amounts payable after more than one year | 17 | €285,858 | €270,733 | -€15,125 | -5.3% |
| Financial debts | 170/4 | €285,858 | €270,733 | -€15,125 | -5.3% |
| Amounts payable within one year | 42/48 | €114,113 | €108,472 | -€5,641 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €14,879 | €15,125 | +€246 | +1.7% |
| Trade debts | 44 | €3,157 | - | -€3,157 | |
| Suppliers | 440/4 | €3,157 | - | -€3,157 | |
| Other amounts payable | 47/48 | €96,077 | €93,347 | -€2,730 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,182 | €11,534 | +€353 | +3.2% |
| Other operating charges | 640/8 | €2,967 | €3,560 | +€593 | +20.0% |
| Gross operating margin | 9900 | €20,185 | €28,885 | +€8,700 | +43.1% |
| Operating profit (loss) | 9901 | €6,036 | €13,791 | +€7,754 | +128% |
| Financial income | 75/76B | €300 | €300 | = | 0.0% |
| Recurring financial income | 75 | €300 | €300 | = | 0.0% |
| Financial charges | 65/66B | €7,247 | €4,918 | -€2,329 | -32.1% |
| Recurring financial charges | 65 | €7,247 | €4,918 | -€2,329 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€910 | €9,173 | +€10,083 | |
| Transfer from deferred taxes | 780 | €75 | €75 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€835 | €9,248 | +€10,083 | |
| Profit (loss) for the period to be appropriated | 9905 | -€835 | €9,248 | +€10,083 |
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 15 October 2026 via checked.be.