AdamaG: 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.
AdamaG
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€43,575
up €43,575 (+67.8%), from €64,268 to €107,844
mainly Current investments (+€100,000) and Net result for the year (+€52,706)
- Receivables within one year -€7,400
down €7,400 (-90.7%), from €8,156 to €756
- Tangible fixed assets -€1,939
down €1,939 (-59.4%), from €3,265 to €1,326
of which Furniture and vehicles: -€1,063
- Other debts -€37,487
down €37,487 (-36.7%), from €102,108 to €64,621
- Reserves -€22,993
down €22,993 (-100.0%), from €22,993 to €0
of which Distributable reserves: -€22,993
- Tax, wage and social debts -€6,071
down €6,071 (-26.7%), from €22,770 to €16,698
- Gross operating margin +€16,030
up €16,030 (+29.2%), from €54,893 to €70,923
- Taxes +€5,058
up €5,058 (+38.3%), from €13,218 to €18,275
- Financial income +€2,881
up €2,881, from €0 to €2,881
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 | €175,690 | €110,054 | -€65,636 | -37.4% |
| Fixed assets | 21/28 | €3,265 | €1,326 | -€1,939 | -59.4% |
| Tangible fixed assets | 22/27 | €3,265 | €1,326 | -€1,939 | -59.4% |
| Plant, machinery and equipment | 23 | €795 | €0 | -€795 | -100.0% |
| Furniture and vehicles | 24 | €1,843 | €780 | -€1,063 | -57.7% |
| Other tangible fixed assets | 26 | €627 | €547 | -€81 | -12.9% |
| Current assets | 29/58 | €172,425 | €108,728 | -€63,697 | -36.9% |
| Amounts receivable within one year | 40/41 | €8,156 | €756 | -€7,400 | -90.7% |
| Trade receivables | 40 | €8,156 | €756 | -€7,400 | -90.7% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €64,268 | €107,844 | +€43,575 | +67.8% |
| Deferred charges and accrued income | 490/1 | €0 | €128 | +€128 | |
| Total equity and liabilities | 10/49 | €175,690 | €110,054 | -€65,636 | -37.4% |
| Equity | 10/15 | €42,993 | €20,000 | -€22,993 | -53.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €22,993 | €0 | -€22,993 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €22,993 | €0 | -€22,993 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €132,696 | €90,054 | -€42,642 | -32.1% |
| Amounts payable after more than one year | 17 | €6,563 | €7,845 | +€1,282 | +19.5% |
| Other amounts payable | 178/9 | €6,563 | €7,845 | +€1,282 | +19.5% |
| Amounts payable within one year | 42/48 | €125,630 | €81,665 | -€43,965 | -35.0% |
| Trade debts | 44 | €752 | €345 | -€407 | -54.1% |
| Suppliers | 440/4 | €752 | €345 | -€407 | -54.1% |
| Taxes, remuneration and social security | 45 | €22,770 | €16,698 | -€6,071 | -26.7% |
| Taxes | 450/3 | €22,770 | €16,698 | -€6,071 | -26.7% |
| Other amounts payable | 47/48 | €102,108 | €64,621 | -€37,487 | -36.7% |
| Accrued charges and deferred income | 492/3 | €503 | €544 | +€41 | +8.1% |
| Non-recurring operating income | 76A | €427 | €0 | -€427 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,558 | €1,939 | -€619 | -24.2% |
| Other operating charges | 640/8 | €509 | €447 | -€62 | -12.2% |
| Gross operating margin | 9900 | €54,893 | €70,923 | +€16,030 | +29.2% |
| Operating profit (loss) | 9901 | €51,826 | €68,537 | +€16,711 | +32.2% |
| Financial income | 75/76B | €0 | €2,881 | +€2,881 | |
| Recurring financial income | 75 | €0 | €2,881 | +€2,881 | |
| Financial charges | 65/66B | €194 | €437 | +€244 | +125.7% |
| Recurring financial charges | 65 | €194 | €437 | +€244 | +125.7% |
| Profit (loss) for the period before taxes | 9903 | €51,632 | €70,981 | +€19,349 | +37.5% |
| Income taxes | 67/77 | €13,218 | €18,275 | +€5,058 | +38.3% |
| Profit (loss) for the period | 9904 | €38,414 | €52,706 | +€14,292 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,414 | €52,706 | +€14,292 | +37.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.