ADAM SWEET: 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 SWEET
Largest movements
- Stocks and contracts +€10,000
up €10,000 (+41.9%), from €23,850 to €33,850
- Cash +€1,254
up €1,254 (+43.6%), from €2,878 to €4,132
mainly Other debts (+€9,800) and Tax, wage and social debts (+€1,705)
- Receivables within one year -€719
no longer reported in 2025 (was €719)
- Other debts +€9,800
up €9,800 (+45.6%), from €21,500 to €31,300
- Tax, wage and social debts +€1,705
new in 2025: €1,705
- Trade debts -€1,580
down €1,580 (-38.6%), from €4,097 to €2,517
- Profit (loss) carried forward +€394
up €394 (+30.6%), from -€1,286 to -€892
- Gross operating margin +€12,768
up €12,768 (+313%), from €4,083 to €16,851
- Staff costs +€10,931
up €10,931 (+324%), from €3,371 to €14,302
- Taxes +€715
new in 2025: €715
- Financial charges -€322
down €322 (-65.5%), from €492 to €170
- Other operating charges -€237
down €237 (-18.3%), from €1,290 to €1,053
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 | €28,311 | €38,630 | +€10,319 | +36.4% |
| Formation expenses | 20 | €864 | €648 | -€216 | -25.0% |
| Current assets | 29/58 | €27,447 | €37,982 | +€10,535 | +38.4% |
| Stocks and contracts in progress | 3 | €23,850 | €33,850 | +€10,000 | +41.9% |
| Stocks | 30/36 | €23,850 | €33,850 | +€10,000 | +41.9% |
| Amounts receivable within one year | 40/41 | €719 | - | -€719 | |
| Other amounts receivable | 41 | €719 | - | -€719 | |
| Cash at bank and in hand | 54/58 | €2,878 | €4,132 | +€1,254 | +43.6% |
| Total equity and liabilities | 10/49 | €28,311 | €38,630 | +€10,319 | +36.4% |
| Equity | 10/15 | €2,714 | €3,108 | +€394 | +14.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,286 | -€892 | +€394 | +30.6% |
| Amounts payable | 17/49 | €25,597 | €35,522 | +€9,925 | +38.8% |
| Amounts payable within one year | 42/48 | €25,597 | €35,522 | +€9,925 | +38.8% |
| Trade debts | 44 | €4,097 | €2,517 | -€1,580 | -38.6% |
| Suppliers | 440/4 | €4,097 | €2,517 | -€1,580 | -38.6% |
| Taxes, remuneration and social security | 45 | - | €1,705 | +€1,705 | |
| Taxes | 450/3 | - | €1,705 | +€1,705 | |
| Other amounts payable | 47/48 | €21,500 | €31,300 | +€9,800 | +45.6% |
| Remuneration, social security and pensions | 62 | €3,371 | €14,302 | +€10,931 | +324% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216 | €216 | = | 0.0% |
| Other operating charges | 640/8 | €1,290 | €1,053 | -€237 | -18.3% |
| Gross operating margin | 9900 | €4,083 | €16,851 | +€12,768 | +313% |
| Operating profit (loss) | 9901 | -€794 | €1,279 | +€2,073 | |
| Financial charges | 65/66B | €492 | €170 | -€322 | -65.5% |
| Recurring financial charges | 65 | €492 | €170 | -€322 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,286 | €1,109 | +€2,395 | |
| Income taxes | 67/77 | - | €715 | +€715 | |
| Profit (loss) for the period | 9904 | -€1,286 | €394 | +€1,680 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,286 | €394 | +€1,680 |
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 26 October 2026 via checked.be.