ADNET MANAGEMENT: 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.
ADNET MANAGEMENT
Largest movements
- Cash +€147,919
up €147,919 (+1,008%), from €14,680 to €162,599
mainly Net result for the year (+€292,040) and Tax, wage and social debts (+€93,304)
- Receivables within one year +€92,500
up €92,500 (+54.7%), from €169,000 to €261,500
- Financial fixed assets +€77,500
up €77,500 (+7,711%), from €1,005 to €78,505
- Current investments +€15,000
up €15,000 (+50.0%), from €30,000 to €45,000
- Tangible fixed assets -€6,591
down €6,591 (-30.2%), from €21,833 to €15,242
- Reserves +€292,040
up €292,040 (+299%), from €97,673 to €389,713
- Tax, wage and social debts +€93,304
up €93,304 (+227%), from €41,097 to €134,402
- Other debts -€52,831
down €52,831 (-49.4%), from €106,856 to €54,025
- Gross operating margin +€287,338
up €287,338 (+200%), from €143,986 to €431,324
- Taxes +€91,038
up €91,038 (+222%), from €41,097 to €132,136
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 | €253,637 | €583,637 | +€330,001 | +130% |
| Fixed assets | 21/28 | €22,838 | €93,747 | +€70,909 | +310% |
| Tangible fixed assets | 22/27 | €21,833 | €15,242 | -€6,591 | -30.2% |
| Furniture and vehicles | 24 | €21,833 | €15,242 | -€6,591 | -30.2% |
| Financial fixed assets | 28 | €1,005 | €78,505 | +€77,500 | +7,711% |
| Current assets | 29/58 | €230,799 | €489,890 | +€259,091 | +112% |
| Amounts receivable within one year | 40/41 | €169,000 | €261,500 | +€92,500 | +54.7% |
| Other amounts receivable | 41 | €169,000 | €261,500 | +€92,500 | +54.7% |
| Current investments | 50/53 | €30,000 | €45,000 | +€15,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €14,680 | €162,599 | +€147,919 | +1,008% |
| Deferred charges and accrued income | 490/1 | €17,119 | €20,791 | +€3,672 | +21.5% |
| Total equity and liabilities | 10/49 | €253,637 | €583,637 | +€330,001 | +130% |
| Equity | 10/15 | €102,673 | €394,713 | +€292,040 | +284% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €97,673 | €389,713 | +€292,040 | +299% |
| Distributable reserves | 133 | €97,673 | €389,713 | +€292,040 | +299% |
| Amounts payable | 17/49 | €150,964 | €188,925 | +€37,961 | +25.1% |
| Amounts payable within one year | 42/48 | €149,764 | €188,925 | +€39,161 | +26.1% |
| Trade debts | 44 | €1,811 | €498 | -€1,313 | -72.5% |
| Suppliers | 440/4 | €1,811 | €498 | -€1,313 | -72.5% |
| Taxes, remuneration and social security | 45 | €41,097 | €134,402 | +€93,304 | +227% |
| Taxes | 450/3 | €41,097 | €134,402 | +€93,304 | +227% |
| Other amounts payable | 47/48 | €106,856 | €54,025 | -€52,831 | -49.4% |
| Accrued charges and deferred income | 492/3 | €1,200 | - | -€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,530 | €6,591 | +€2,061 | +45.5% |
| Other operating charges | 640/8 | €669 | €664 | -€5 | -0.7% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €143,986 | €431,324 | +€287,338 | +200% |
| Operating profit (loss) | 9901 | €138,787 | €424,006 | +€285,219 | +206% |
| Financial income | 75/76B | €107 | €418 | +€311 | +290% |
| Recurring financial income | 75 | €107 | €418 | +€311 | +290% |
| Financial charges | 65/66B | €124 | €248 | +€124 | +100% |
| Recurring financial charges | 65 | €124 | €248 | +€124 | +100% |
| Profit (loss) for the period before taxes | 9903 | €138,770 | €424,176 | +€285,405 | +206% |
| Income taxes | 67/77 | €41,097 | €132,136 | +€91,038 | +222% |
| Profit (loss) for the period | 9904 | €97,673 | €292,040 | +€194,367 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €97,673 | €292,040 | +€194,367 | +199% |
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 22 October 2026 via checked.be.