AD.IM.MO: 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.
AD.IM.MO
Largest movements
- Stocks and contracts -€317,916
down €317,916 (-100%), from €317,916 to €0
- Cash +€69,857
up €69,857 (+218%), from €32,032 to €101,889
mainly Stocks and contracts (+€317,916) and Depreciation (+€74,197)
- Tangible fixed assets +€62,973
up €62,973 (+4.7%), from €1.3m to €1.4m
of which Land and buildings: +€64,620
- Debts after one year -€227,420
down €227,420 (-13.1%), from €1.7m to €1.5m
of which Other amounts payable: -€366,590
- Profit (loss) carried forward +€21,123
up €21,123 (+22.2%), from -€95,048 to -€73,925
- Current portion of long-term debt +€18,607
up €18,607 (+66.5%), from €27,966 to €46,573
- Gross operating margin +€76,108
up €76,108 (+101%), from €75,433 to €151,541
- Financial charges +€9,811
up €9,811 (+23.8%), from €41,288 to €51,099
- Depreciation +€7,143
up €7,143 (+10.7%), from €67,055 to €74,197
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 | €1,696,917 | €1,514,422 | -€182,495 | -10.8% |
| Fixed assets | 21/28 | €1,337,568 | €1,400,541 | +€62,973 | +4.7% |
| Tangible fixed assets | 22/27 | €1,337,568 | €1,400,541 | +€62,973 | +4.7% |
| Land and buildings | 22 | €1,261,773 | €1,326,393 | +€64,620 | +5.1% |
| Plant, machinery and equipment | 23 | €25,397 | €43,661 | +€18,265 | +71.9% |
| Furniture and vehicles | 24 | €50,398 | €30,486 | -€19,912 | -39.5% |
| Current assets | 29/58 | €359,349 | €113,881 | -€245,468 | -68.3% |
| Stocks and contracts in progress | 3 | €317,916 | €0 | -€317,916 | -100% |
| Stocks | 30/36 | €317,916 | - | -€317,916 | |
| Amounts receivable within one year | 40/41 | €7,035 | €7,348 | +€314 | +4.5% |
| Trade receivables | 40 | €6,620 | €6,791 | +€172 | +2.6% |
| Other amounts receivable | 41 | €415 | €557 | +€142 | +34.2% |
| Cash at bank and in hand | 54/58 | €32,032 | €101,889 | +€69,857 | +218% |
| Deferred charges and accrued income | 490/1 | €2,366 | €4,644 | +€2,278 | +96.2% |
| Total equity and liabilities | 10/49 | €1,696,917 | €1,514,422 | -€182,495 | -10.8% |
| Equity | 10/15 | -€90,048 | -€68,925 | +€21,123 | +23.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,048 | -€73,925 | +€21,123 | +22.2% |
| Amounts payable | 17/49 | €1,786,965 | €1,583,347 | -€203,618 | -11.4% |
| Amounts payable after more than one year | 17 | €1,739,628 | €1,512,208 | -€227,420 | -13.1% |
| Financial debts | 170/4 | €677,656 | €816,827 | +€139,171 | +20.5% |
| Other amounts payable | 178/9 | €1,061,972 | €695,382 | -€366,590 | -34.5% |
| Amounts payable within one year | 42/48 | €35,034 | €58,670 | +€23,637 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | €27,966 | €46,573 | +€18,607 | +66.5% |
| Financial debts | 43 | €0 | - | = | |
| Trade debts | 44 | €6,900 | €11,930 | +€5,030 | +72.9% |
| Suppliers | 440/4 | €6,900 | €11,930 | +€5,030 | +72.9% |
| Taxes, remuneration and social security | 45 | €167 | €167 | -€0 | -0.2% |
| Taxes | 450/3 | €167 | €167 | -€0 | -0.2% |
| Accrued charges and deferred income | 492/3 | €12,304 | €12,468 | +€165 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,055 | €74,197 | +€7,143 | +10.7% |
| Other operating charges | 640/8 | €4,462 | €5,148 | +€686 | +15.4% |
| Gross operating margin | 9900 | €75,433 | €151,541 | +€76,108 | +101% |
| Operating profit (loss) | 9901 | €3,916 | €72,196 | +€68,279 | +1,743% |
| Financial income | 75/76B | €0 | €26 | +€26 | +13,065% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +13,065% |
| Financial charges | 65/66B | €41,288 | €51,099 | +€9,811 | +23.8% |
| Recurring financial charges | 65 | €41,288 | €51,099 | +€9,811 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | -€37,371 | €21,123 | +€58,494 | |
| Profit (loss) for the period | 9904 | -€37,371 | €21,123 | +€58,494 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,371 | €21,123 | +€58,494 |
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 16 October 2026 via checked.be.