ADAMAS: what changed
Two fiscal 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.
ADAMAS
Largest movements
- Stocks and contracts +€1.9m
up €1.9m (+254.8%), from €730,000 to €2.6m
- Short-term financial debts +€1.8m
up €1.8m (+1710.3%), from €104,055 to €1.9m
- Other debts +€114,900
up €114,900 (+17.6%), from €651,559 to €766,459
- Trade debts -€36,187
down €36,187 (-19.2%), from €188,604 to €152,417
- Financial charges +€68,067
up €68,067 (+2958.0%), from €2,301 to €70,368
- Gross operating margin +€66,513
up €66,513, from -€2,882 to €63,631
- Other operating charges -€1,501
down €1,501 (-70.7%), from €2,124 to €622
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 | €1,024,810 | €2,875,515 | +€1.9m | +180.6% |
| Fixed assets | 21/28 | €502 | €1,791 | +€1,289 | +256.6% |
| Tangible fixed assets | 22/27 | €502 | €1,791 | +€1,289 | +256.6% |
| Furniture and vehicles | 24 | €502 | €1,791 | +€1,289 | +256.6% |
| Current assets | 29/58 | €1,024,308 | €2,873,724 | +€1.8m | +180.6% |
| Stocks and contracts in progress | 3 | €730,000 | €2,590,000 | +€1.9m | +254.8% |
| Contracts in progress | 37 | €730,000 | €2,590,000 | +€1.9m | +254.8% |
| Amounts receivable within one year | 40/41 | €15,596 | €1,301 | -€14,295 | -91.7% |
| Other amounts receivable | 41 | €15,596 | €1,301 | -€14,295 | -91.7% |
| Cash at bank and in hand | 54/58 | €6,523 | €10,234 | +€3,711 | +56.9% |
| Deferred charges and accrued income | 490/1 | €272,188 | €272,188 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,024,810 | €2,875,515 | +€1.9m | +180.6% |
| Equity | 10/15 | €80,592 | €72,918 | -€7,674 | -9.5% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Outside capital | 11 | €118,600 | - | -€118,600 | |
| Other | 1109/19 | €118,600 | - | -€118,600 | |
| Profit (loss) carried forward | 14 | -€38,008 | -€45,682 | -€7,674 | -20.2% |
| Amounts payable | 17/49 | €944,218 | €2,802,597 | +€1.9m | +196.8% |
| Amounts payable within one year | 42/48 | €944,218 | €2,802,597 | +€1.9m | +196.8% |
| Financial debts | 43 | €104,055 | €1,883,721 | +€1.8m | +1710.3% |
| Credit institutions | 430/8 | €104,055 | €1,883,721 | +€1.8m | +1710.3% |
| Trade debts | 44 | €188,604 | €152,417 | -€36,187 | -19.2% |
| Suppliers | 440/4 | €188,604 | €152,417 | -€36,187 | -19.2% |
| Other amounts payable | 47/48 | €651,559 | €766,459 | +€114,900 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124 | €661 | +€537 | +431.4% |
| Other operating charges | 640/8 | €2,124 | €622 | -€1,501 | -70.7% |
| Gross operating margin | 9900 | -€2,882 | €63,631 | +€66,513 | |
| Operating profit (loss) | 9901 | -€5,130 | €62,348 | +€67,478 | |
| Financial income | 75/76B | €133 | €347 | +€214 | +160.6% |
| Recurring financial income | 75 | €133 | €347 | +€214 | +160.6% |
| Financial charges | 65/66B | €2,301 | €70,368 | +€68,067 | +2958.0% |
| Recurring financial charges | 65 | €2,301 | €70,368 | +€68,067 | +2958.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,298 | -€7,674 | -€376 | -5.1% |
| Profit (loss) for the period | 9904 | -€7,298 | -€7,674 | -€376 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,298 | -€7,674 | -€376 | -5.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.