Aduno: 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.
Aduno
Largest movements
- Current investments +€108,474
up €108,474 (+47.4%), from €228,951 to €337,425
- Cash -€98,932
down €98,932 (-66.7%), from €148,352 to €49,420
mainly Current investments (-€108,474) and Receivables within one year (-€46,695)
- Receivables within one year +€46,695
up €46,695 (+121.3%), from €38,492 to €85,187
of which Other amounts receivable: +€55,206
- Receivables after one year +€25,808
up €25,808 (+195.9%), from €13,172 to €38,980
- Tangible fixed assets -€15,533
down €15,533 (-11.0%), from €140,598 to €125,065
of which Other tangible fixed assets: -€15,333
- Other debts +€42,683
up €42,683 (+23806.9%), from €179 to €42,863
- Reserves +€38,245
up €38,245 (+9.3%), from €412,698 to €450,943
- Debts after one year -€13,109
down €13,109 (-10.5%), from €124,606 to €111,497
- Gross operating margin -€25,046
down €25,046 (-16.7%), from €150,362 to €125,316
- Taxes -€6,766
down €6,766 (-16.9%), from €40,149 to €33,383
- Financial income +€5,905
up €5,905 (+104.8%), from €5,633 to €11,538
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 | €570,375 | €639,605 | +€69,230 | +12.1% |
| Fixed assets | 21/28 | €140,598 | €125,065 | -€15,533 | -11.0% |
| Tangible fixed assets | 22/27 | €140,598 | €125,065 | -€15,533 | -11.0% |
| Land and buildings | 22 | €2,598 | €2,398 | -€200 | -7.7% |
| Other tangible fixed assets | 26 | €138,000 | €122,667 | -€15,333 | -11.1% |
| Current assets | 29/58 | €429,777 | €514,541 | +€84,764 | +19.7% |
| Amounts receivable after more than one year | 29 | €13,172 | €38,980 | +€25,808 | +195.9% |
| Other amounts receivable | 291 | €13,172 | €38,980 | +€25,808 | +195.9% |
| Amounts receivable within one year | 40/41 | €38,492 | €85,187 | +€46,695 | +121.3% |
| Trade receivables | 40 | €21,023 | €12,512 | -€8,511 | -40.5% |
| Other amounts receivable | 41 | €17,469 | €72,675 | +€55,206 | +316.0% |
| Current investments | 50/53 | €228,951 | €337,425 | +€108,474 | +47.4% |
| Cash at bank and in hand | 54/58 | €148,352 | €49,420 | -€98,932 | -66.7% |
| Deferred charges and accrued income | 490/1 | €811 | €3,529 | +€2,718 | +335.1% |
| Total equity and liabilities | 10/49 | €570,375 | €639,605 | +€69,230 | +12.1% |
| Equity | 10/15 | €423,021 | €462,689 | +€39,668 | +9.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €412,698 | €450,943 | +€38,245 | +9.3% |
| Distributable reserves | 133 | €412,698 | €450,943 | +€38,245 | +9.3% |
| Profit (loss) carried forward | 14 | €4,123 | €5,546 | +€1,422 | +34.5% |
| Amounts payable | 17/49 | €147,354 | €176,917 | +€29,563 | +20.1% |
| Amounts payable after more than one year | 17 | €124,606 | €111,497 | -€13,109 | -10.5% |
| Financial debts | 170/4 | €124,606 | €111,497 | -€13,109 | -10.5% |
| Amounts payable within one year | 42/48 | €22,343 | €63,159 | +€40,817 | +182.7% |
| Current portion of amounts payable after more than one year | 42 | €12,901 | €13,109 | +€207 | +1.6% |
| Trade debts | 44 | €544 | €357 | -€188 | -34.5% |
| Suppliers | 440/4 | €544 | €357 | -€188 | -34.5% |
| Taxes, remuneration and social security | 45 | €8,718 | €6,831 | -€1,886 | -21.6% |
| Taxes | 450/3 | €8,718 | €6,831 | -€1,886 | -21.6% |
| Other amounts payable | 47/48 | €179 | €42,863 | +€42,683 | +23806.9% |
| Accrued charges and deferred income | 492/3 | €405 | €2,260 | +€1,855 | +457.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,533 | €15,533 | = | 0.0% |
| Other operating charges | 640/8 | €1,912 | €1,684 | -€228 | -11.9% |
| Gross operating margin | 9900 | €150,362 | €125,316 | -€25,046 | -16.7% |
| Operating profit (loss) | 9901 | €132,917 | €108,098 | -€24,819 | -18.7% |
| Financial income | 75/76B | €5,633 | €11,538 | +€5,905 | +104.8% |
| Recurring financial income | 75 | €5,633 | €11,538 | +€5,905 | +104.8% |
| Financial charges | 65/66B | €2,409 | €3,831 | +€1,422 | +59.0% |
| Recurring financial charges | 65 | €2,409 | €3,831 | +€1,422 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | €136,141 | €115,805 | -€20,335 | -14.9% |
| Income taxes | 67/77 | €40,149 | €33,383 | -€6,766 | -16.9% |
| Profit (loss) for the period | 9904 | €95,991 | €82,422 | -€13,569 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,991 | €82,422 | -€13,569 | -14.1% |
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 11 October 2026 via checked.be.