ADNOS: what changed
ADNOS
Largest movements
- Cash +€41,522
up €41,522 (+56.2%), from €73,828 to €115,349
mainly Net result for the year (+€51,241) and Depreciation (+€442)
- Receivables within one year +€5,514
up €5,514 (+27.0%), from €20,393 to €25,907
of which Trade receivables: +€4,009
- Tangible fixed assets +€3,548
up €3,548 (+270%), from €1,313 to €4,861
- Profit (loss) carried forward +€51,241
up €51,241 (+58.0%), from €88,283 to €139,525
- Gross operating margin -€45,822
down €45,822 (-41.1%), from €111,482 to €65,660
- Taxes -€9,604
down €9,604 (-41.6%), from €23,099 to €13,496
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 | €95,533 | €146,117 | +€50,583 | +52.9% |
| Fixed assets | 21/28 | €1,313 | €4,861 | +€3,548 | +270% |
| Tangible fixed assets | 22/27 | €1,313 | €4,861 | +€3,548 | +270% |
| Furniture and vehicles | 24 | €1,313 | €4,861 | +€3,548 | +270% |
| Current assets | 29/58 | €94,221 | €141,256 | +€47,035 | +49.9% |
| Amounts receivable within one year | 40/41 | €20,393 | €25,907 | +€5,514 | +27.0% |
| Trade receivables | 40 | €8,493 | €12,502 | +€4,009 | +47.2% |
| Other amounts receivable | 41 | €11,901 | €13,405 | +€1,504 | +12.6% |
| Cash at bank and in hand | 54/58 | €73,828 | €115,349 | +€41,522 | +56.2% |
| Total equity and liabilities | 10/49 | €95,533 | €146,117 | +€50,583 | +52.9% |
| Equity | 10/15 | €93,283 | €144,525 | +€51,241 | +54.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,283 | €139,525 | +€51,241 | +58.0% |
| Amounts payable | 17/49 | €2,250 | €1,592 | -€658 | -29.2% |
| Amounts payable within one year | 42/48 | €2,250 | €1,592 | -€658 | -29.2% |
| Trade debts | 44 | - | €126 | +€126 | |
| Suppliers | 440/4 | - | €126 | +€126 | |
| Other amounts payable | 47/48 | €2,250 | €1,467 | -€783 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88 | €442 | +€354 | +405% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €111,482 | €65,660 | -€45,822 | -41.1% |
| Operating profit (loss) | 9901 | €111,394 | €64,818 | -€46,576 | -41.8% |
| Financial charges | 65/66B | €12 | €81 | +€69 | +594% |
| Recurring financial charges | 65 | €12 | €81 | +€69 | +594% |
| Profit (loss) for the period before taxes | 9903 | €111,383 | €64,737 | -€46,646 | -41.9% |
| Income taxes | 67/77 | €23,099 | €13,496 | -€9,604 | -41.6% |
| Profit (loss) for the period | 9904 | €88,283 | €51,241 | -€37,042 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,283 | €51,241 | -€37,042 | -42.0% |
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 2 November 2026 via checked.be.