ADSEQUOR: 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.
ADSEQUOR
Largest movements
- Receivables within one year +€18,150
up €18,150 (+240%), from €7,565 to €25,715
of which Trade receivables: +€18,150
- Cash -€9,214
down €9,214 (-12.4%), from €74,443 to €65,229
mainly Receivables within one year (-€18,150)
- Profit (loss) carried forward +€5,405
up €5,405 (+13.9%), from €38,955 to €44,360
- Tax, wage and social debts +€3,315
up €3,315 (+1,194%), from €278 to €3,592
- Taxes +€3,886
new in 2025: €3,886
- Gross operating margin +€2,781
up €2,781 (+31.0%), from €8,980 to €11,761
- Other operating charges +€942
up €942 (+72.7%), from €1,294 to €2,236
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 | €86,242 | €95,081 | +€8,839 | +10.2% |
| Fixed assets | 21/28 | €4,234 | €4,137 | -€97 | -2.3% |
| Tangible fixed assets | 22/27 | €264 | €167 | -€97 | -36.6% |
| Plant, machinery and equipment | 23 | €264 | €167 | -€97 | -36.6% |
| Financial fixed assets | 28 | €3,970 | €3,970 | = | 0.0% |
| Current assets | 29/58 | €82,008 | €90,944 | +€8,936 | +10.9% |
| Amounts receivable within one year | 40/41 | €7,565 | €25,715 | +€18,150 | +240% |
| Trade receivables | 40 | €7,500 | €25,650 | +€18,150 | +242% |
| Other amounts receivable | 41 | €65 | €65 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €74,443 | €65,229 | -€9,214 | -12.4% |
| Total equity and liabilities | 10/49 | €86,242 | €95,081 | +€8,839 | +10.2% |
| Equity | 10/15 | €85,665 | €91,070 | +€5,405 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,110 | €28,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,250 | €26,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,955 | €44,360 | +€5,405 | +13.9% |
| Amounts payable | 17/49 | €577 | €4,011 | +€3,434 | +595% |
| Amounts payable within one year | 42/48 | €577 | €4,011 | +€3,434 | +595% |
| Trade debts | 44 | €299 | €419 | +€119 | +39.9% |
| Suppliers | 440/4 | €299 | €419 | +€119 | +39.9% |
| Taxes, remuneration and social security | 45 | €278 | €3,592 | +€3,315 | +1,194% |
| Taxes | 450/3 | €278 | €3,592 | +€3,315 | +1,194% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97 | €97 | = | 0.0% |
| Other operating charges | 640/8 | €1,294 | €2,236 | +€942 | +72.7% |
| Gross operating margin | 9900 | €8,980 | €11,761 | +€2,781 | +31.0% |
| Operating profit (loss) | 9901 | €7,589 | €9,428 | +€1,839 | +24.2% |
| Financial charges | 65/66B | €62 | €138 | +€75 | +121% |
| Recurring financial charges | 65 | €62 | €138 | +€75 | +121% |
| Profit (loss) for the period before taxes | 9903 | €7,527 | €9,291 | +€1,764 | +23.4% |
| Income taxes | 67/77 | - | €3,886 | +€3,886 | |
| Profit (loss) for the period | 9904 | €7,527 | €5,405 | -€2,122 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,527 | €5,405 | -€2,122 | -28.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.