What version of Adagio Ledger (or Adagio FX) are you running?

It may be that your data is OK but your financial statement has the wrong formulas to print the closing/opening balances.

In addition to Michael's comments, you may want to use the Edit History function to View the retained earnings account for last year, to see the opening and closing balance, and all of the net changes in between. You can also see the current year Opening Balance when editing/viewing an account from the Edit Accounts function.