Adam Communications: 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.
Adam Communications
Largest movements
- Cash -€44,567
down €44,567 (-61.9%), from €72,011 to €27,444
mainly Contributions, distributions and other (-€58,000) and Receivables within one year (-€5,639)
- Receivables within one year +€5,639
up €5,639 (+54.9%), from €10,273 to €15,912
of which Trade receivables: +€3,723
- Tangible fixed assets +€3,133
up €3,133 (+368%), from €851 to €3,985
- Profit (loss) carried forward -€36,623
down €36,623 (-60.2%), from €60,836 to €24,213
- Trade debts +€2,181
up €2,181, from €0 to €2,181
- Gross operating margin -€4,362
down €4,362 (-12.4%), from €35,197 to €30,835
- Financial charges +€1,496
up €1,496 (+864%), from €173 to €1,669
- Taxes -€1,274
down €1,274 (-16.4%), from €7,774 to €6,500
- Other operating charges +€403
up €403 (+276%), from €146 to €549
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 | €83,141 | €47,996 | -€35,145 | -42.3% |
| Fixed assets | 21/28 | €851 | €3,985 | +€3,133 | +368% |
| Tangible fixed assets | 22/27 | €851 | €3,985 | +€3,133 | +368% |
| Furniture and vehicles | 24 | €851 | €3,985 | +€3,133 | +368% |
| Current assets | 29/58 | €82,290 | €44,012 | -€38,278 | -46.5% |
| Amounts receivable within one year | 40/41 | €10,273 | €15,912 | +€5,639 | +54.9% |
| Trade receivables | 40 | €10,273 | €13,995 | +€3,723 | +36.2% |
| Other amounts receivable | 41 | €0 | €1,916 | +€1,916 | |
| Cash at bank and in hand | 54/58 | €72,011 | €27,444 | -€44,567 | -61.9% |
| Deferred charges and accrued income | 490/1 | €6 | €656 | +€649 | +10,079% |
| Total equity and liabilities | 10/49 | €83,141 | €47,996 | -€35,145 | -42.3% |
| Equity | 10/15 | €63,836 | €27,213 | -€36,623 | -57.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,836 | €24,213 | -€36,623 | -60.2% |
| Amounts payable | 17/49 | €19,305 | €20,783 | +€1,478 | +7.7% |
| Amounts payable within one year | 42/48 | €19,305 | €20,783 | +€1,478 | +7.7% |
| Trade debts | 44 | €0 | €2,181 | +€2,181 | |
| Suppliers | 440/4 | €0 | €2,181 | +€2,181 | |
| Taxes, remuneration and social security | 45 | €19,305 | €18,602 | -€703 | -3.6% |
| Taxes | 450/3 | €19,305 | €18,602 | -€703 | -3.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417 | €740 | +€323 | +77.4% |
| Other operating charges | 640/8 | €146 | €549 | +€403 | +276% |
| Gross operating margin | 9900 | €35,197 | €30,835 | -€4,362 | -12.4% |
| Operating profit (loss) | 9901 | €34,634 | €29,545 | -€5,088 | -14.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €173 | €1,669 | +€1,496 | +864% |
| Recurring financial charges | 65 | €173 | €1,669 | +€1,496 | +864% |
| Profit (loss) for the period before taxes | 9903 | €34,460 | €27,877 | -€6,584 | -19.1% |
| Income taxes | 67/77 | €7,774 | €6,500 | -€1,274 | -16.4% |
| Profit (loss) for the period | 9904 | €26,686 | €21,377 | -€5,310 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,686 | €21,377 | -€5,310 | -19.9% |
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 30 October 2026 via checked.be.