ADAMANTINE: 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.
ADAMANTINE
Largest movements
- Tangible fixed assets +€35,544
up €35,544 (+20.3%), from €174,873 to €210,417
of which Furniture and vehicles: +€51,048
- Receivables within one year +€12,350
up €12,350 (+48.7%), from €25,342 to €37,692
of which Other amounts receivable: +€12,525
- Cash -€7,277
down €7,277 (-5.5%), from €131,911 to €124,634
mainly Contributions, distributions and other (-€90,792) and Investment in fixed assets (net) (-€74,723)
- Other debts +€63,554
new in 2025: €63,554
- Debts after one year -€48,509
down €48,509 (-22.8%), from €212,763 to €164,254
- Trade debts +€15,859
up €15,859 (+120.7%), from €13,142 to €29,001
- Tax, wage and social debts +€9,540
up €9,540 (+24.5%), from €38,994 to €48,534
of which Taxes: +€7,093
- Gross operating margin +€20,420
up €20,420 (+9.4%), from €217,397 to €237,817
- Other operating charges +€18,196
up €18,196 (+2664.1%), from €683 to €18,879
- Depreciation -€6,929
down €6,929 (-15.0%), from €46,108 to €39,179
- Taxes +€3,387
up €3,387 (+14.6%), from €23,245 to €26,632
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 | €336,454 | €378,325 | +€41,871 | +12.4% |
| Fixed assets | 21/28 | €175,875 | €211,419 | +€35,544 | +20.2% |
| Tangible fixed assets | 22/27 | €174,873 | €210,417 | +€35,544 | +20.3% |
| Land and buildings | 22 | €112,422 | €97,862 | -€14,560 | -13.0% |
| Furniture and vehicles | 24 | €34,689 | €85,737 | +€51,048 | +147.2% |
| Other tangible fixed assets | 26 | €27,762 | €26,818 | -€944 | -3.4% |
| Financial fixed assets | 28 | €1,002 | €1,002 | = | 0.0% |
| Current assets | 29/58 | €160,579 | €166,906 | +€6,327 | +3.9% |
| Amounts receivable within one year | 40/41 | €25,342 | €37,692 | +€12,350 | +48.7% |
| Trade receivables | 40 | €175 | - | -€175 | |
| Other amounts receivable | 41 | €25,167 | €37,692 | +€12,525 | +49.8% |
| Cash at bank and in hand | 54/58 | €131,911 | €124,634 | -€7,277 | -5.5% |
| Deferred charges and accrued income | 490/1 | €3,326 | €4,580 | +€1,254 | +37.7% |
| Total equity and liabilities | 10/49 | €336,454 | €378,325 | +€41,871 | +12.4% |
| Equity | 10/15 | €25,755 | €25,755 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,155 | €7,155 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,919 | €4,919 | = | 0.0% |
| Distributable reserves | 133 | €376 | €376 | = | 0.0% |
| Amounts payable | 17/49 | €310,699 | €352,570 | +€41,871 | +13.5% |
| Amounts payable after more than one year | 17 | €212,763 | €164,254 | -€48,509 | -22.8% |
| Financial debts | 170/4 | €212,763 | €164,254 | -€48,509 | -22.8% |
| Amounts payable within one year | 42/48 | €97,936 | €188,316 | +€90,380 | +92.3% |
| Current portion of amounts payable after more than one year | 42 | €45,800 | €47,227 | +€1,427 | +3.1% |
| Trade debts | 44 | €13,142 | €29,001 | +€15,859 | +120.7% |
| Suppliers | 440/4 | €13,142 | €29,001 | +€15,859 | +120.7% |
| Taxes, remuneration and social security | 45 | €38,994 | €48,534 | +€9,540 | +24.5% |
| Taxes | 450/3 | €31,777 | €38,870 | +€7,093 | +22.3% |
| Remuneration and social security | 454/9 | €7,217 | €9,664 | +€2,447 | +33.9% |
| Other amounts payable | 47/48 | - | €63,554 | +€63,554 | |
| Remuneration, social security and pensions | 62 | €56,625 | €58,009 | +€1,384 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,108 | €39,179 | -€6,929 | -15.0% |
| Other operating charges | 640/8 | €683 | €18,879 | +€18,196 | +2664.1% |
| Gross operating margin | 9900 | €217,397 | €237,817 | +€20,420 | +9.4% |
| Operating profit (loss) | 9901 | €113,981 | €121,750 | +€7,769 | +6.8% |
| Financial income | 75/76B | €3,178 | €2,045 | -€1,133 | -35.7% |
| Recurring financial income | 75 | €3,178 | €2,045 | -€1,133 | -35.7% |
| Financial charges | 65/66B | €8,084 | €6,371 | -€1,713 | -21.2% |
| Recurring financial charges | 65 | €8,084 | €6,371 | -€1,713 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €109,075 | €117,424 | +€8,349 | +7.7% |
| Income taxes | 67/77 | €23,245 | €26,632 | +€3,387 | +14.6% |
| Profit (loss) for the period | 9904 | €85,830 | €90,792 | +€4,962 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,830 | €90,792 | +€4,962 | +5.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.