ADAMANTEM: 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.
ADAMANTEM
Largest movements
- Tangible fixed assets +€118,474
up €118,474 (+828.6%), from €14,298 to €132,772
- Cash +€69,890
up €69,890 (+43.2%), from €161,825 to €231,716
mainly Net result for the year (+€114,894) and Debts after one year (+€77,303)
- Deferred charges and accrued income +€68,828
up €68,828 (+146.5%), from €46,966 to €115,794
- Reserves +€100,000
up €100,000 (+58.8%), from €170,000 to €270,000
- Debts after one year +€77,303
new in 2024: €77,303
- Tax, wage and social debts +€26,149
up €26,149 (+67.1%), from €38,943 to €65,091
of which Taxes: +€30,508
- Current portion of long-term debt +€18,647
new in 2024: €18,647
- Other debts +€16,575
up €16,575 (+335.9%), from €4,934 to €21,509
- Gross operating margin +€49,576
up €49,576 (+40.2%), from €123,338 to €172,914
- Taxes +€14,039
up €14,039 (+55.0%), from €25,526 to €39,565
- Depreciation +€6,293
up €6,293 (+148.7%), from €4,232 to €10,526
- Other operating charges +€5,781
up €5,781 (+473.8%), from €1,220 to €7,001
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,144 | €480,336 | +€257,192 | +115.3% |
| Fixed assets | 21/28 | €14,353 | €132,827 | +€118,474 | +825.4% |
| Tangible fixed assets | 22/27 | €14,298 | €132,772 | +€118,474 | +828.6% |
| Furniture and vehicles | 24 | €14,298 | €132,772 | +€118,474 | +828.6% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €208,791 | €347,509 | +€138,718 | +66.4% |
| Cash at bank and in hand | 54/58 | €161,825 | €231,716 | +€69,890 | +43.2% |
| Deferred charges and accrued income | 490/1 | €46,966 | €115,794 | +€68,828 | +146.5% |
| Total equity and liabilities | 10/49 | €223,144 | €480,336 | +€257,192 | +115.3% |
| Equity | 10/15 | €175,820 | €288,214 | +€112,394 | +63.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €170,000 | €270,000 | +€100,000 | +58.8% |
| Distributable reserves | 133 | €170,000 | €270,000 | +€100,000 | +58.8% |
| Profit (loss) carried forward | 14 | €4,320 | €16,714 | +€12,394 | +286.9% |
| Amounts payable | 17/49 | €47,324 | €192,122 | +€144,798 | +306.0% |
| Amounts payable after more than one year | 17 | - | €77,303 | +€77,303 | |
| Financial debts | 170/4 | - | €77,303 | +€77,303 | |
| Amounts payable within one year | 42/48 | €47,324 | €114,820 | +€67,495 | +142.6% |
| Current portion of amounts payable after more than one year | 42 | - | €18,647 | +€18,647 | |
| Trade debts | 44 | €3,448 | €9,572 | +€6,124 | +177.6% |
| Suppliers | 440/4 | €3,448 | €9,572 | +€6,124 | +177.6% |
| Taxes, remuneration and social security | 45 | €38,943 | €65,091 | +€26,149 | +67.1% |
| Taxes | 450/3 | €34,584 | €65,091 | +€30,508 | +88.2% |
| Remuneration and social security | 454/9 | €4,359 | - | -€4,359 | |
| Other amounts payable | 47/48 | €4,934 | €21,509 | +€16,575 | +335.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,232 | €10,526 | +€6,293 | +148.7% |
| Other operating charges | 640/8 | €1,220 | €7,001 | +€5,781 | +473.8% |
| Gross operating margin | 9900 | €123,338 | €172,914 | +€49,576 | +40.2% |
| Operating profit (loss) | 9901 | €117,885 | €155,388 | +€37,502 | +31.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €91 | €928 | +€837 | +914.6% |
| Recurring financial charges | 65 | €91 | €928 | +€837 | +914.6% |
| Profit (loss) for the period before taxes | 9903 | €117,794 | €154,460 | +€36,666 | +31.1% |
| Income taxes | 67/77 | €25,526 | €39,565 | +€14,039 | +55.0% |
| Profit (loss) for the period | 9904 | €92,268 | €114,894 | +€22,627 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €92,268 | €114,894 | +€22,627 | +24.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.