ADU International: what changed
ADU International
Largest movements
- Receivables within one year +€14,373
up €14,373 (+503%), from €2,855 to €17,228
- Cash -€5,995
down €5,995 (-95.4%), from €6,281 to €286
mainly Net result for the year (-€88,430) and Receivables within one year (-€14,373)
- Tangible fixed assets -€344
down €344 (-10.5%), from €3,272 to €2,928
- Deferred charges and accrued income +€255
up €255 (+97.2%), from €262 to €517
- Profit (loss) carried forward -€88,430
down €88,430 (-28.4%), from -€311,669 to -€400,099
- Other debts +€87,045
up €87,045 (+29.7%), from €293,525 to €380,569
- Trade debts +€7,361
up €7,361 (+131%), from €5,609 to €12,970
- Tax, wage and social debts +€1,913
up €1,913 (+928%), from €206 to €2,120
- Accrued charges and deferred income +€400
new in 2025: €400
- Gross operating margin +€19,306
up €19,306 (+18.3%), from -€105,693 to -€86,387
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,671 | €20,959 | +€8,288 | +65.4% |
| Fixed assets | 21/28 | €3,272 | €2,928 | -€344 | -10.5% |
| Tangible fixed assets | 22/27 | €3,272 | €2,928 | -€344 | -10.5% |
| Other tangible fixed assets | 26 | €3,272 | €2,928 | -€344 | -10.5% |
| Current assets | 29/58 | €9,399 | €18,031 | +€8,633 | +91.8% |
| Amounts receivable within one year | 40/41 | €2,855 | €17,228 | +€14,373 | +503% |
| Trade receivables | 40 | €2,855 | €17,228 | +€14,373 | +503% |
| Cash at bank and in hand | 54/58 | €6,281 | €286 | -€5,995 | -95.4% |
| Deferred charges and accrued income | 490/1 | €262 | €517 | +€255 | +97.2% |
| Total equity and liabilities | 10/49 | €12,671 | €20,959 | +€8,288 | +65.4% |
| Equity | 10/15 | -€286,669 | -€375,099 | -€88,430 | -30.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€311,669 | -€400,099 | -€88,430 | -28.4% |
| Amounts payable | 17/49 | €299,340 | €396,058 | +€96,719 | +32.3% |
| Amounts payable within one year | 42/48 | €299,340 | €395,659 | +€96,319 | +32.2% |
| Trade debts | 44 | €5,609 | €12,970 | +€7,361 | +131% |
| Suppliers | 440/4 | €5,609 | €12,970 | +€7,361 | +131% |
| Taxes, remuneration and social security | 45 | €206 | €2,120 | +€1,913 | +928% |
| Taxes | 450/3 | €206 | €2,120 | +€1,913 | +928% |
| Other amounts payable | 47/48 | €293,525 | €380,569 | +€87,045 | +29.7% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168 | €344 | +€176 | +104% |
| Other operating charges | 640/8 | €971 | €890 | -€82 | -8.4% |
| Gross operating margin | 9900 | -€105,693 | -€86,387 | +€19,306 | +18.3% |
| Operating profit (loss) | 9901 | -€106,832 | -€87,621 | +€19,211 | +18.0% |
| Financial income | 75/76B | €226 | €30 | -€196 | -86.6% |
| Recurring financial income | 75 | €226 | €30 | -€196 | -86.6% |
| Financial charges | 65/66B | €531 | €840 | +€309 | +58.2% |
| Recurring financial charges | 65 | €531 | €840 | +€309 | +58.2% |
| Profit (loss) for the period before taxes | 9903 | -€107,137 | -€88,430 | +€18,706 | +17.5% |
| Profit (loss) for the period | 9904 | -€107,137 | -€88,430 | +€18,706 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€107,137 | -€88,430 | +€18,706 | +17.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.