ADAM CONCEPT: 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 CONCEPT
Largest movements
- Cash -€25,483
down €25,483 (-77.0%), from €33,076 to €7,594
mainly Investment in fixed assets (net) (-€22,357) and Tax, wage and social debts (-€7,896)
- Tangible fixed assets +€14,065
up €14,065 (+483.4%), from €2,909 to €16,975
- Receivables within one year -€2,954
no longer reported in 2025 (was €2,954)
of which Trade receivables: -€2,000
- Tax, wage and social debts -€7,896
down €7,896 (-96.3%), from €8,200 to €304
- Other debts -€4,560
down €4,560 (-16.1%), from €28,263 to €23,703
- Trade debts -€1,807
down €1,807 (-9.8%), from €18,375 to €16,569
- Gross operating margin +€83,414
up €83,414, from -€37,566 to €45,848
- Financial charges +€31,315
up €31,315 (+1068.3%), from €2,931 to €34,246
- Taxes -€13,534
down €13,534 (-96.5%), from €14,032 to €497
- Depreciation +€4,471
up €4,471 (+117.0%), from €3,821 to €8,292
- Other operating charges +€1,810
up €1,810 (+162.9%), from €1,112 to €2,922
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 | €38,940 | €24,568 | -€14,372 | -36.9% |
| Fixed assets | 21/28 | €2,909 | €16,975 | +€14,065 | +483.4% |
| Tangible fixed assets | 22/27 | €2,909 | €16,975 | +€14,065 | +483.4% |
| Furniture and vehicles | 24 | €2,909 | €16,975 | +€14,065 | +483.4% |
| Current assets | 29/58 | €36,030 | €7,594 | -€28,437 | -78.9% |
| Amounts receivable within one year | 40/41 | €2,954 | - | -€2,954 | |
| Trade receivables | 40 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 41 | €954 | - | -€954 | |
| Cash at bank and in hand | 54/58 | €33,076 | €7,594 | -€25,483 | -77.0% |
| Total equity and liabilities | 10/49 | €38,940 | €24,568 | -€14,372 | -36.9% |
| Equity | 10/15 | -€15,899 | -€16,008 | -€109 | -0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,199 | -€22,308 | -€109 | -0.5% |
| Amounts payable | 17/49 | €54,838 | €40,576 | -€14,262 | -26.0% |
| Amounts payable within one year | 42/48 | €54,838 | €40,576 | -€14,262 | -26.0% |
| Trade debts | 44 | €18,375 | €16,569 | -€1,807 | -9.8% |
| Suppliers | 440/4 | €18,375 | €16,569 | -€1,807 | -9.8% |
| Taxes, remuneration and social security | 45 | €8,200 | €304 | -€7,896 | -96.3% |
| Taxes | 450/3 | €8,200 | €304 | -€7,896 | -96.3% |
| Other amounts payable | 47/48 | €28,263 | €23,703 | -€4,560 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,821 | €8,292 | +€4,471 | +117.0% |
| Other operating charges | 640/8 | €1,112 | €2,922 | +€1,810 | +162.9% |
| Gross operating margin | 9900 | -€37,566 | €45,848 | +€83,414 | |
| Operating profit (loss) | 9901 | -€42,498 | €34,634 | +€77,132 | |
| Financial income | 75/76B | €47 | - | -€47 | |
| Recurring financial income | 75 | €47 | - | -€47 | |
| Financial charges | 65/66B | €2,931 | €34,246 | +€31,315 | +1068.3% |
| Recurring financial charges | 65 | €2,931 | €34,246 | +€31,315 | +1068.3% |
| Profit (loss) for the period before taxes | 9903 | -€45,382 | €388 | +€45,770 | |
| Income taxes | 67/77 | €14,032 | €497 | -€13,534 | -96.5% |
| Profit (loss) for the period | 9904 | -€59,413 | -€109 | +€59,304 | +99.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,413 | -€109 | +€59,304 | +99.8% |
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.