Adamant: 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.
Adamant
Largest movements
- Receivables within one year -€82,599
down €82,599 (-49.4%), from €167,187 to €84,588
of which Trade receivables: -€82,913
- Cash +€11,795
up €11,795 (+6178.4%), from €191 to €11,985
mainly Receivables within one year (+€82,599) and Net result for the year (+€30,862)
- Deferred charges and accrued income -€4,351
down €4,351 (-39.6%), from €10,980 to €6,629
- Trade debts -€102,114
down €102,114 (-73.7%), from €138,606 to €36,492
- Reserves +€30,862
up €30,862 (+761.9%), from €4,051 to €34,913
- Debts after one year -€5,500
down €5,500 (-4.9%), from €112,537 to €107,038
- Gross operating margin +€40,475
up €40,475 (+35.4%), from €114,390 to €154,866
- Staff costs -€24,121
down €24,121 (-23.3%), from €103,339 to €79,218
- Taxes +€10,085
up €10,085 (+343.7%), from €2,934 to €13,019
- Other operating charges +€9,721
up €9,721 (+327.1%), from €2,971 to €12,692
- Depreciation +€3,215
up €3,215 (+26.2%), from €12,250 to €15,464
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 | €324,348 | €249,736 | -€74,612 | -23.0% |
| Fixed assets | 21/28 | €145,990 | €146,534 | +€544 | +0.4% |
| Tangible fixed assets | 22/27 | €145,990 | €146,534 | +€544 | +0.4% |
| Land and buildings | 22 | €133,900 | €128,198 | -€5,702 | -4.3% |
| Plant, machinery and equipment | 23 | €1,731 | €7,213 | +€5,482 | +316.6% |
| Furniture and vehicles | 24 | €10,359 | €11,123 | +€764 | +7.4% |
| Current assets | 29/58 | €178,358 | €103,203 | -€75,155 | -42.1% |
| Amounts receivable within one year | 40/41 | €167,187 | €84,588 | -€82,599 | -49.4% |
| Trade receivables | 40 | €164,239 | €81,326 | -€82,913 | -50.5% |
| Other amounts receivable | 41 | €2,948 | €3,262 | +€314 | +10.7% |
| Cash at bank and in hand | 54/58 | €191 | €11,985 | +€11,795 | +6178.4% |
| Deferred charges and accrued income | 490/1 | €10,980 | €6,629 | -€4,351 | -39.6% |
| Total equity and liabilities | 10/49 | €324,348 | €249,736 | -€74,612 | -23.0% |
| Equity | 10/15 | €5,051 | €35,913 | +€30,862 | +611.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €4,051 | €34,913 | +€30,862 | +761.9% |
| Distributable reserves | 133 | €4,051 | €34,913 | +€30,862 | +761.9% |
| Amounts payable | 17/49 | €319,297 | €213,824 | -€105,473 | -33.0% |
| Amounts payable after more than one year | 17 | €112,537 | €107,038 | -€5,500 | -4.9% |
| Financial debts | 170/4 | €112,537 | €107,038 | -€5,500 | -4.9% |
| Amounts payable within one year | 42/48 | €206,760 | €106,786 | -€99,974 | -48.4% |
| Current portion of amounts payable after more than one year | 42 | €5,385 | €5,500 | +€115 | +2.1% |
| Trade debts | 44 | €138,606 | €36,492 | -€102,114 | -73.7% |
| Suppliers | 440/4 | €138,606 | €36,492 | -€102,114 | -73.7% |
| Taxes, remuneration and social security | 45 | €41,079 | €39,966 | -€1,112 | -2.7% |
| Taxes | 450/3 | €21,102 | €17,799 | -€3,303 | -15.7% |
| Remuneration and social security | 454/9 | €19,977 | €22,167 | +€2,190 | +11.0% |
| Other amounts payable | 47/48 | €21,690 | €24,828 | +€3,138 | +14.5% |
| Non-recurring operating income | 76A | €48 | - | -€48 | |
| Remuneration, social security and pensions | 62 | €103,339 | €79,218 | -€24,121 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,250 | €15,464 | +€3,215 | +26.2% |
| Other operating charges | 640/8 | €2,971 | €12,692 | +€9,721 | +327.1% |
| Gross operating margin | 9900 | €114,390 | €154,866 | +€40,475 | +35.4% |
| Operating profit (loss) | 9901 | -€4,170 | €47,491 | +€51,661 | |
| Financial income | 75/76B | €325 | €919 | +€594 | +182.9% |
| Recurring financial income | 75 | €325 | €919 | +€594 | +182.9% |
| Financial charges | 65/66B | €3,804 | €4,530 | +€726 | +19.1% |
| Recurring financial charges | 65 | €3,804 | €4,530 | +€726 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,649 | €43,881 | +€51,530 | |
| Income taxes | 67/77 | €2,934 | €13,019 | +€10,085 | +343.7% |
| Profit (loss) for the period | 9904 | -€10,583 | €30,862 | +€41,445 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,583 | €30,862 | +€41,445 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.