ADAMA: what changed
Two fiscal 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.
ADAMA
Largest movements
- Cash -€214,734
down €214,734 (-85.3%), from €251,819 to €37,086
mainly Other debts (-€219,558) and Contributions, distributions and other (-€130,000)
- Receivables within one year -€4,744
down €4,744 (-38.6%), from €12,292 to €7,548
of which Other amounts receivable: -€4,457
- Tangible fixed assets +€3,981
up €3,981 (+24.0%), from €16,621 to €20,602
of which Furniture and vehicles: +€4,942
- Other debts -€219,558
down €219,558 (-89.3%), from €245,806 to €26,248
- Tax, wage and social debts +€3,145
up €3,145 (+60.4%), from €5,203 to €8,348
of which Taxes: +€3,145
- Gross operating margin -€97,219
down €97,219 (-35.1%), from €276,933 to €179,715
- Taxes -€24,559
down €24,559 (-37.4%), from €65,589 to €41,029
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 | €281,354 | €66,224 | -€215,130 | -76.5% |
| Fixed assets | 21/28 | €16,621 | €20,602 | +€3,981 | +24.0% |
| Tangible fixed assets | 22/27 | €16,621 | €20,602 | +€3,981 | +24.0% |
| Plant, machinery and equipment | 23 | €1,681 | €1,681 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | €4,942 | +€4,942 | |
| Other tangible fixed assets | 26 | €14,940 | €13,979 | -€961 | -6.4% |
| Current assets | 29/58 | €264,732 | €45,621 | -€219,111 | -82.8% |
| Amounts receivable within one year | 40/41 | €12,292 | €7,548 | -€4,744 | -38.6% |
| Trade receivables | 40 | €1,910 | €1,624 | -€287 | -15.0% |
| Other amounts receivable | 41 | €10,382 | €5,925 | -€4,457 | -42.9% |
| Cash at bank and in hand | 54/58 | €251,819 | €37,086 | -€214,734 | -85.3% |
| Deferred charges and accrued income | 490/1 | €621 | €987 | +€367 | +59.1% |
| Total equity and liabilities | 10/49 | €281,354 | €66,224 | -€215,130 | -76.5% |
| Equity | 10/15 | €25,104 | €27,761 | +€2,657 | +10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,504 | €9,161 | +€2,657 | +40.9% |
| Distributable reserves | 133 | €6,504 | €9,161 | +€2,657 | +40.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €256,249 | €38,462 | -€217,787 | -85.0% |
| Amounts payable within one year | 42/48 | €252,512 | €34,636 | -€217,876 | -86.3% |
| Trade debts | 44 | €1,504 | €40 | -€1,464 | -97.3% |
| Suppliers | 440/4 | €1,504 | €40 | -€1,464 | -97.3% |
| Taxes, remuneration and social security | 45 | €5,203 | €8,348 | +€3,145 | +60.4% |
| Taxes | 450/3 | €2,453 | €5,598 | +€3,145 | +128.2% |
| Remuneration and social security | 454/9 | €2,750 | €2,750 | = | 0.0% |
| Other amounts payable | 47/48 | €245,806 | €26,248 | -€219,558 | -89.3% |
| Accrued charges and deferred income | 492/3 | €3,737 | €3,826 | +€89 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,132 | €2,861 | +€1,729 | +152.7% |
| Other operating charges | 640/8 | €1,293 | €1,325 | +€32 | +2.5% |
| Gross operating margin | 9900 | €276,933 | €179,715 | -€97,219 | -35.1% |
| Operating profit (loss) | 9901 | €274,508 | €175,528 | -€98,980 | -36.1% |
| Financial income | 75/76B | €135 | €14 | -€121 | -89.4% |
| Recurring financial income | 75 | €135 | €14 | -€121 | -89.4% |
| Financial charges | 65/66B | €2,550 | €1,856 | -€695 | -27.2% |
| Recurring financial charges | 65 | €2,550 | €1,856 | -€695 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €272,093 | €173,687 | -€98,406 | -36.2% |
| Income taxes | 67/77 | €65,589 | €41,029 | -€24,559 | -37.4% |
| Profit (loss) for the period | 9904 | €206,504 | €132,657 | -€73,847 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €206,504 | €132,657 | -€73,847 | -35.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.