ADYNCO: 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.
ADYNCO
Largest movements
- Current investments +€22,125
up €22,125 (+14.6%), from €151,722 to €173,847
- Cash +€21,246
up €21,246 (+57.8%), from €36,763 to €58,008
mainly Net result for the year (+€20,318) and Depreciation (+€19,527)
- Tangible fixed assets -€19,527
down €19,527 (-16.5%), from €118,033 to €98,506
of which Land and buildings: -€17,027
- Receivables within one year -€11,096
down €11,096 (-28.9%), from €38,426 to €27,330
of which Trade receivables: -€13,112
- Reserves +€20,318
up €20,318 (+8.7%), from €232,832 to €253,151
of which Distributable reserves: +€20,318
- Debts after one year -€13,641
down €13,641 (-20.2%), from €67,490 to €53,849
- Trade debts +€8,872
up €8,872 (+1678.7%), from €529 to €9,400
- Financial income -€28,172
down €28,172 (-90.3%), from €31,208 to €3,036
of which Non-recurring financial income: -€20,910
- Gross operating margin +€12,337
up €12,337 (+30.2%), from €40,784 to €53,121
- Financial charges -€11,611
down €11,611 (-77.9%), from €14,901 to €3,290
of which Non-recurring financial charges: -€11,054
- Depreciation -€2,338
down €2,338 (-10.7%), from €21,864 to €19,527
- Other operating charges -€1,226
down €1,226 (-26.8%), from €4,569 to €3,343
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 | €345,333 | €359,931 | +€14,598 | +4.2% |
| Fixed assets | 21/28 | €118,422 | €98,895 | -€19,527 | -16.5% |
| Tangible fixed assets | 22/27 | €118,033 | €98,506 | -€19,527 | -16.5% |
| Land and buildings | 22 | €114,894 | €97,867 | -€17,027 | -14.8% |
| Plant, machinery and equipment | 23 | €2,063 | €190 | -€1,873 | -90.8% |
| Furniture and vehicles | 24 | €1,076 | €450 | -€626 | -58.2% |
| Financial fixed assets | 28 | €389 | €389 | = | 0.0% |
| Current assets | 29/58 | €226,911 | €261,036 | +€34,125 | +15.0% |
| Amounts receivable within one year | 40/41 | €38,426 | €27,330 | -€11,096 | -28.9% |
| Trade receivables | 40 | €38,424 | €25,312 | -€13,112 | -34.1% |
| Other amounts receivable | 41 | €3 | €2,018 | +€2,016 | +75213.1% |
| Current investments | 50/53 | €151,722 | €173,847 | +€22,125 | +14.6% |
| Cash at bank and in hand | 54/58 | €36,763 | €58,008 | +€21,246 | +57.8% |
| Deferred charges and accrued income | 490/1 | - | €1,850 | +€1,850 | |
| Total equity and liabilities | 10/49 | €345,333 | €359,931 | +€14,598 | +4.2% |
| Equity | 10/15 | €232,832 | €253,151 | +€20,318 | +8.7% |
| Reserves | 13 | €232,832 | €253,151 | +€20,318 | +8.7% |
| Tax-exempt reserves | 132 | €29,751 | €29,751 | = | 0.0% |
| Distributable reserves | 133 | €203,081 | €223,400 | +€20,318 | +10.0% |
| Amounts payable | 17/49 | €112,501 | €106,780 | -€5,720 | -5.1% |
| Amounts payable after more than one year | 17 | €67,490 | €53,849 | -€13,641 | -20.2% |
| Financial debts | 170/4 | €67,490 | €53,849 | -€13,641 | -20.2% |
| Amounts payable within one year | 42/48 | €45,011 | €52,520 | +€7,509 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €13,351 | €13,641 | +€290 | +2.2% |
| Financial debts | 43 | €671 | €319 | -€352 | -52.5% |
| Credit institutions | 430/8 | €671 | €319 | -€352 | -52.5% |
| Trade debts | 44 | €529 | €9,400 | +€8,872 | +1678.7% |
| Suppliers | 440/4 | €529 | €9,400 | +€8,872 | +1678.7% |
| Taxes, remuneration and social security | 45 | €10,572 | €7,604 | -€2,968 | -28.1% |
| Taxes | 450/3 | €7,609 | €3,743 | -€3,866 | -50.8% |
| Remuneration and social security | 454/9 | €2,962 | €3,860 | +€898 | +30.3% |
| Other amounts payable | 47/48 | €19,889 | €21,557 | +€1,667 | +8.4% |
| Accrued charges and deferred income | 492/3 | - | €411 | +€411 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,864 | €19,527 | -€2,338 | -10.7% |
| Other operating charges | 640/8 | €4,569 | €3,343 | -€1,226 | -26.8% |
| Gross operating margin | 9900 | €40,784 | €53,121 | +€12,337 | +30.2% |
| Operating profit (loss) | 9901 | €14,352 | €30,251 | +€15,900 | +110.8% |
| Financial income | 75/76B | €31,208 | €3,036 | -€28,172 | -90.3% |
| Recurring financial income | 75 | €10,297 | €3,036 | -€7,262 | -70.5% |
| Non-recurring financial income | 76B | €20,910 | €0 | -€20,910 | -100.0% |
| Financial charges | 65/66B | €14,901 | €3,290 | -€11,611 | -77.9% |
| Recurring financial charges | 65 | €3,848 | €3,290 | -€558 | -14.5% |
| Non-recurring financial charges | 66B | €11,054 | €0 | -€11,054 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €30,658 | €29,997 | -€661 | -2.2% |
| Income taxes | 67/77 | €10,602 | €9,679 | -€924 | -8.7% |
| Profit (loss) for the period | 9904 | €20,056 | €20,318 | +€263 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,056 | €20,318 | +€263 | +1.3% |
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 12 October 2026 via checked.be.