ADAAM: 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.
ADAAM
Largest movements
- Receivables within one year +€74,294
up €74,294 (+252.6%), from €29,416 to €103,711
- Cash -€58,733
down €58,733 (-86.5%), from €67,887 to €9,154
mainly Receivables within one year (-€74,294) and Other debts (-€12,491)
- Trade debts +€29,693
up €29,693 (+117.5%), from €25,272 to €54,964
- Other debts -€12,491
down €12,491 (-25.4%), from €49,141 to €36,649
- Gross operating margin -€44,976
down €44,976 (-73.4%), from €61,307 to €16,331
- Staff costs -€29,311
down €29,311 (-73.2%), from €40,059 to €10,748
- Taxes +€3,830
up €3,830, from -€3,625 to €204
- Depreciation +€1,357
up €1,357 (+42.3%), from €3,206 to €4,563
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 | €104,270 | €120,514 | +€16,244 | +15.6% |
| Fixed assets | 21/28 | €6,657 | €7,628 | +€971 | +14.6% |
| Tangible fixed assets | 22/27 | €6,657 | €7,628 | +€971 | +14.6% |
| Furniture and vehicles | 24 | €4,543 | €5,952 | +€1,409 | +31.0% |
| Other tangible fixed assets | 26 | €2,113 | €1,676 | -€437 | -20.7% |
| Current assets | 29/58 | €97,613 | €112,886 | +€15,273 | +15.6% |
| Amounts receivable within one year | 40/41 | €29,416 | €103,711 | +€74,294 | +252.6% |
| Trade receivables | 40 | €29,416 | €103,711 | +€74,294 | +252.6% |
| Cash at bank and in hand | 54/58 | €67,887 | €9,154 | -€58,733 | -86.5% |
| Deferred charges and accrued income | 490/1 | €310 | €21 | -€288 | -93.1% |
| Total equity and liabilities | 10/49 | €104,270 | €120,514 | +€16,244 | +15.6% |
| Equity | 10/15 | €13,753 | €13,368 | -€385 | -2.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,653 | €13,268 | -€385 | -2.8% |
| Amounts payable | 17/49 | €90,517 | €107,146 | +€16,629 | +18.4% |
| Amounts payable within one year | 42/48 | €90,517 | €107,146 | +€16,629 | +18.4% |
| Trade debts | 44 | €25,272 | €54,964 | +€29,693 | +117.5% |
| Suppliers | 440/4 | €25,272 | €54,964 | +€29,693 | +117.5% |
| Taxes, remuneration and social security | 45 | €16,104 | €15,532 | -€572 | -3.6% |
| Taxes | 450/3 | €11,360 | €15,532 | +€4,172 | +36.7% |
| Remuneration and social security | 454/9 | €4,744 | - | -€4,744 | |
| Other amounts payable | 47/48 | €49,141 | €36,649 | -€12,491 | -25.4% |
| Remuneration, social security and pensions | 62 | €40,059 | €10,748 | -€29,311 | -73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,206 | €4,563 | +€1,357 | +42.3% |
| Other operating charges | 640/8 | €677 | €1,022 | +€346 | +51.1% |
| Gross operating margin | 9900 | €61,307 | €16,331 | -€44,976 | -73.4% |
| Operating profit (loss) | 9901 | €17,365 | -€3 | -€17,368 | |
| Financial income | 75/76B | €29 | €0 | -€29 | -100.0% |
| Recurring financial income | 75 | €29 | €0 | -€29 | -100.0% |
| Financial charges | 65/66B | €311 | €178 | -€133 | -42.8% |
| Recurring financial charges | 65 | €311 | €178 | -€133 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €17,083 | -€181 | -€17,264 | |
| Income taxes | 67/77 | -€3,625 | €204 | +€3,830 | |
| Profit (loss) for the period | 9904 | €20,709 | -€385 | -€21,094 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,709 | -€385 | -€21,094 |
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 11 October 2026 via checked.be.