ADAMAS ANTWERP: what changed
ADAMAS ANTWERP
Largest movements
- Cash +€14,705
up €14,705 (+198%), from €7,440 to €22,145
mainly Stocks and contracts (+€10,280) and Depreciation (+€6,397)
- Stocks and contracts -€10,280
down €10,280 (-15.8%), from €65,200 to €54,920
- Tangible fixed assets -€6,397
down €6,397 (-59.7%), from €10,722 to €4,325
- Receivables within one year -€3,365
down €3,365 (-25.0%), from €13,476 to €10,111
of which Trade receivables: -€1,983
- Trade debts -€6,884
down €6,884 (-10.4%), from €66,427 to €59,543
- Profit (loss) carried forward +€5,947
up €5,947 (+57.7%), from €10,302 to €16,249
- Current portion of long-term debt -€4,357
no longer reported in 2025 (was €4,357)
- Other debts -€1,060
down €1,060 (-9.0%), from €11,728 to €10,668
- Gross operating margin -€19,338
down €19,338 (-63.6%), from €30,413 to €11,075
- Staff costs -€9,964
no longer reported in 2025 (was €9,964)
- Depreciation -€8,163
down €8,163 (-56.1%), from €14,561 to €6,397
- Financial income +€4,437
up €4,437 (+904%), from €491 to €4,928
- Financial charges -€3,521
down €3,521 (-81.9%), from €4,297 to €776
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,249 | €92,158 | -€6,091 | -6.2% |
| Fixed assets | 21/28 | €10,722 | €4,325 | -€6,397 | -59.7% |
| Tangible fixed assets | 22/27 | €10,722 | €4,325 | -€6,397 | -59.7% |
| Furniture and vehicles | 24 | €10,722 | €4,325 | -€6,397 | -59.7% |
| Current assets | 29/58 | €87,527 | €87,833 | +€306 | +0.3% |
| Stocks and contracts in progress | 3 | €65,200 | €54,920 | -€10,280 | -15.8% |
| Stocks | 30/36 | €65,200 | €54,920 | -€10,280 | -15.8% |
| Amounts receivable within one year | 40/41 | €13,476 | €10,111 | -€3,365 | -25.0% |
| Trade receivables | 40 | €10,703 | €8,720 | -€1,983 | -18.5% |
| Other amounts receivable | 41 | €2,773 | €1,392 | -€1,382 | -49.8% |
| Cash at bank and in hand | 54/58 | €7,440 | €22,145 | +€14,705 | +198% |
| Deferred charges and accrued income | 490/1 | €1,411 | €657 | -€754 | -53.4% |
| Total equity and liabilities | 10/49 | €98,249 | €92,158 | -€6,091 | -6.2% |
| Equity | 10/15 | €12,802 | €18,749 | +€5,947 | +46.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,302 | €16,249 | +€5,947 | +57.7% |
| Amounts payable | 17/49 | €85,446 | €73,409 | -€12,038 | -14.1% |
| Amounts payable within one year | 42/48 | €85,446 | €73,409 | -€12,038 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €4,357 | - | -€4,357 | |
| Trade debts | 44 | €66,427 | €59,543 | -€6,884 | -10.4% |
| Suppliers | 440/4 | €66,427 | €59,543 | -€6,884 | -10.4% |
| Taxes, remuneration and social security | 45 | €2,934 | €3,197 | +€263 | +9.0% |
| Taxes | 450/3 | €2,934 | €3,197 | +€263 | +9.0% |
| Other amounts payable | 47/48 | €11,728 | €10,668 | -€1,060 | -9.0% |
| Non-recurring operating income | 76A | - | €15,563 | +€15,563 | |
| Remuneration, social security and pensions | 62 | €9,964 | - | -€9,964 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,561 | €6,397 | -€8,163 | -56.1% |
| Other operating charges | 640/8 | €883 | €595 | -€288 | -32.7% |
| Gross operating margin | 9900 | €30,413 | €11,075 | -€19,338 | -63.6% |
| Operating profit (loss) | 9901 | €5,005 | €4,082 | -€922 | -18.4% |
| Financial income | 75/76B | €491 | €4,928 | +€4,437 | +904% |
| Recurring financial income | 75 | €491 | €4,928 | +€4,437 | +904% |
| Financial charges | 65/66B | €4,297 | €776 | -€3,521 | -81.9% |
| Recurring financial charges | 65 | €4,297 | €776 | -€3,521 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | €1,199 | €8,234 | +€7,036 | +587% |
| Income taxes | 67/77 | €1,154 | €2,288 | +€1,134 | +98.3% |
| Profit (loss) for the period | 9904 | €45 | €5,947 | +€5,901 | +13,010% |
| Profit (loss) for the period to be appropriated | 9905 | €45 | €5,947 | +€5,901 | +13,010% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.