ADAM TEX: 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 TEX
Largest movements
- Receivables within one year -€27,159
down €27,159 (-92.6%), from €29,327 to €2,168
of which Trade receivables: -€26,451
- Stocks and contracts -€21,000
down €21,000 (-20.3%), from €103,280 to €82,280
- Tangible fixed assets +€13,116
new in 2025: €13,116
- Trade debts -€75,071
down €75,071 (-100%), from €75,071 to €0
- Other debts +€39,830
up €39,830 (+134%), from €29,634 to €69,464
- Accrued charges and deferred income +€15,717
new in 2025: €15,717
- Tax, wage and social debts -€10,329
down €10,329 (-52.1%), from €19,826 to €9,497
of which Remuneration and social security: -€9,677
- Profit (loss) carried forward -€5,129
down €5,129, from €1,006 to -€4,124
- Gross operating margin -€29,593
down €29,593 (-46.1%), from €64,125 to €34,532
- Staff costs -€21,409
down €21,409 (-37.6%), from €56,993 to €35,584
- Taxes +€1,883
new in 2025: €1,883
- Depreciation +€973
new in 2025: €973
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 | €132,634 | €97,652 | -€34,981 | -26.4% |
| Fixed assets | 21/28 | - | €13,116 | +€13,116 | |
| Tangible fixed assets | 22/27 | - | €13,116 | +€13,116 | |
| Furniture and vehicles | 24 | - | €13,116 | +€13,116 | |
| Current assets | 29/58 | €132,634 | €84,536 | -€48,098 | -36.3% |
| Stocks and contracts in progress | 3 | €103,280 | €82,280 | -€21,000 | -20.3% |
| Stocks | 30/36 | €103,280 | €82,280 | -€21,000 | -20.3% |
| Amounts receivable within one year | 40/41 | €29,327 | €2,168 | -€27,159 | -92.6% |
| Trade receivables | 40 | €26,451 | €0 | -€26,451 | -100% |
| Other amounts receivable | 41 | €2,876 | €2,168 | -€708 | -24.6% |
| Cash at bank and in hand | 54/58 | €26 | €88 | +€62 | +233% |
| Total equity and liabilities | 10/49 | €132,634 | €97,652 | -€34,981 | -26.4% |
| Equity | 10/15 | €8,104 | €2,974 | -€5,129 | -63.3% |
| Contributions | 10/11 | €7,098 | €7,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,006 | -€4,124 | -€5,129 | |
| Amounts payable | 17/49 | €124,530 | €94,678 | -€29,852 | -24.0% |
| Amounts payable within one year | 42/48 | €124,530 | €78,961 | -€45,569 | -36.6% |
| Trade debts | 44 | €75,071 | €0 | -€75,071 | -100% |
| Suppliers | 440/4 | €75,071 | €0 | -€75,071 | -100% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €19,826 | €9,497 | -€10,329 | -52.1% |
| Taxes | 450/3 | €10,149 | €9,497 | -€652 | -6.4% |
| Remuneration and social security | 454/9 | €9,677 | €0 | -€9,677 | -100% |
| Other amounts payable | 47/48 | €29,634 | €69,464 | +€39,830 | +134% |
| Accrued charges and deferred income | 492/3 | - | €15,717 | +€15,717 | |
| Remuneration, social security and pensions | 62 | €56,993 | €35,584 | -€21,409 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €973 | +€973 | |
| Other operating charges | 640/8 | €880 | €1,007 | +€127 | +14.4% |
| Gross operating margin | 9900 | €64,125 | €34,532 | -€29,593 | -46.1% |
| Operating profit (loss) | 9901 | €6,252 | -€3,032 | -€9,283 | |
| Financial income | 75/76B | €113 | €0 | -€113 | -100% |
| Recurring financial income | 75 | €113 | €0 | -€113 | -100% |
| Financial charges | 65/66B | €210 | €215 | +€5 | +2.4% |
| Recurring financial charges | 65 | €210 | €215 | +€5 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €6,155 | -€3,246 | -€9,402 | |
| Income taxes | 67/77 | - | €1,883 | +€1,883 | |
| Profit (loss) for the period | 9904 | €6,155 | -€5,129 | -€11,285 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,155 | -€5,129 | -€11,285 |
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 27 October 2026 via checked.be.