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
- Cash +€30,650
up €30,650 (+1,986%), from €1,543 to €32,193
mainly Other debts (+€48,091) and Net result for the year (+€40,225)
- Tangible fixed assets -€2,880
down €2,880 (-19.1%), from €15,068 to €12,188
of which Furniture and vehicles: -€1,784
- Receivables within one year +€2,730
up €2,730 (+17.9%), from €15,292 to €18,022
of which Other amounts receivable: +€5,777
- Other debts +€48,091
up €48,091 (+659%), from €7,300 to €55,390
- Reserves -€15,165
down €15,165 (-100%), from €15,165 to €0
- Tax, wage and social debts -€2,438
down €2,438 (-62.7%), from €3,888 to €1,450
- Gross operating margin +€70,808
up €70,808, from -€17,810 to €52,998
- Taxes +€5,966
up €5,966 (+2,991%), from €199 to €6,165
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 | €31,903 | €62,864 | +€30,961 | +97.0% |
| Fixed assets | 21/28 | €15,068 | €12,188 | -€2,880 | -19.1% |
| Tangible fixed assets | 22/27 | €15,068 | €12,188 | -€2,880 | -19.1% |
| Land and buildings | 22 | €1,779 | €1,530 | -€249 | -14.0% |
| Plant, machinery and equipment | 23 | €6,220 | €5,373 | -€847 | -13.6% |
| Furniture and vehicles | 24 | €7,069 | €5,285 | -€1,784 | -25.2% |
| Current assets | 29/58 | €16,835 | €50,676 | +€33,841 | +201% |
| Amounts receivable within one year | 40/41 | €15,292 | €18,022 | +€2,730 | +17.9% |
| Trade receivables | 40 | €10,307 | €7,260 | -€3,047 | -29.6% |
| Other amounts receivable | 41 | €4,985 | €10,762 | +€5,777 | +116% |
| Cash at bank and in hand | 54/58 | €1,543 | €32,193 | +€30,650 | +1,986% |
| Deferred charges and accrued income | 490/1 | €0 | €461 | +€461 | |
| Total equity and liabilities | 10/49 | €31,903 | €62,864 | +€30,961 | +97.0% |
| Equity | 10/15 | €20,165 | €5,000 | -€15,165 | -75.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,165 | €0 | -€15,165 | -100% |
| Distributable reserves | 133 | €15,165 | €0 | -€15,165 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,737 | €57,864 | +€46,126 | +393% |
| Amounts payable within one year | 42/48 | €11,737 | €57,864 | +€46,126 | +393% |
| Trade debts | 44 | €550 | €1,023 | +€473 | +86.1% |
| Suppliers | 440/4 | €550 | €1,023 | +€473 | +86.1% |
| Taxes, remuneration and social security | 45 | €3,888 | €1,450 | -€2,438 | -62.7% |
| Taxes | 450/3 | €3,888 | €1,450 | -€2,438 | -62.7% |
| Other amounts payable | 47/48 | €7,300 | €55,390 | +€48,091 | +659% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,060 | €3,887 | -€173 | -4.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€17,810 | €52,998 | +€70,808 | |
| Operating profit (loss) | 9901 | -€22,258 | €48,711 | +€70,969 | |
| Financial income | 75/76B | - | €150 | +€150 | |
| Recurring financial income | 75 | - | €150 | +€150 | |
| Financial charges | 65/66B | €2,887 | €2,470 | -€416 | -14.4% |
| Recurring financial charges | 65 | €2,887 | €2,470 | -€416 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,145 | €46,391 | +€71,535 | |
| Income taxes | 67/77 | €199 | €6,165 | +€5,966 | +2,991% |
| Profit (loss) for the period | 9904 | -€25,344 | €40,225 | +€65,569 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,344 | €40,225 | +€65,569 |
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.