ADAMAS CONSULT: 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.
ADAMAS CONSULT
Largest movements
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Receivables within one year -€43,539
down €43,539 (-47.7%), from €91,327 to €47,788
of which Other amounts receivable: -€59,537
- Cash +€5,655
up €5,655 (+9.2%), from €61,165 to €66,820
mainly Current investments (+€50,000) and Receivables within one year (+€43,539)
- Reserves -€95,002
down €95,002 (-60.4%), from €157,261 to €62,258
- Other debts +€31,901
up €31,901 (+45.3%), from €70,435 to €102,335
- Tax, wage and social debts -€24,866
down €24,866 (-84.7%), from €29,356 to €4,490
- Gross operating margin -€72,590
down €72,590 (-82.5%), from €88,011 to €15,421
- Taxes -€14,903
down €14,903 (-78.3%), from €19,036 to €4,133
- Financial charges +€2,466
up €2,466 (+136%), from €1,808 to €4,274
- Financial income -€2,326
down €2,326 (-41.4%), from €5,619 to €3,293
- Depreciation +€1,013
up €1,013 (+76.2%), from €1,329 to €2,342
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 | €272,258 | €181,756 | -€90,501 | -33.2% |
| Fixed assets | 21/28 | €16,844 | €15,888 | -€956 | -5.7% |
| Tangible fixed assets | 22/27 | €16,844 | €15,888 | -€956 | -5.7% |
| Land and buildings | 22 | €15,626 | €14,011 | -€1,616 | -10.3% |
| Plant, machinery and equipment | 23 | €134 | €1,183 | +€1,049 | +782% |
| Furniture and vehicles | 24 | €1,084 | €695 | -€389 | -35.9% |
| Current assets | 29/58 | €255,414 | €165,868 | -€89,546 | -35.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €91,327 | €47,788 | -€43,539 | -47.7% |
| Trade receivables | 40 | €12,854 | €28,852 | +€15,998 | +124% |
| Other amounts receivable | 41 | €78,473 | €18,936 | -€59,537 | -75.9% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €61,165 | €66,820 | +€5,655 | +9.2% |
| Deferred charges and accrued income | 490/1 | €2,921 | €1,260 | -€1,661 | -56.9% |
| Total equity and liabilities | 10/49 | €272,258 | €181,756 | -€90,501 | -33.2% |
| Equity | 10/15 | €167,261 | €72,258 | -€95,002 | -56.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €157,261 | €62,258 | -€95,002 | -60.4% |
| Distributable reserves | 133 | €157,261 | €62,258 | -€95,002 | -60.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €104,997 | €109,498 | +€4,501 | +4.3% |
| Amounts payable within one year | 42/48 | €104,997 | €109,498 | +€4,501 | +4.3% |
| Trade debts | 44 | €5,206 | €2,673 | -€2,534 | -48.7% |
| Suppliers | 440/4 | €5,206 | €2,673 | -€2,534 | -48.7% |
| Taxes, remuneration and social security | 45 | €29,356 | €4,490 | -€24,866 | -84.7% |
| Taxes | 450/3 | €29,356 | €4,490 | -€24,866 | -84.7% |
| Other amounts payable | 47/48 | €70,435 | €102,335 | +€31,901 | +45.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,329 | €2,342 | +€1,013 | +76.2% |
| Other operating charges | 640/8 | €1,021 | €632 | -€389 | -38.1% |
| Gross operating margin | 9900 | €88,011 | €15,421 | -€72,590 | -82.5% |
| Operating profit (loss) | 9901 | €85,661 | €12,447 | -€73,213 | -85.5% |
| Financial income | 75/76B | €5,619 | €3,293 | -€2,326 | -41.4% |
| Recurring financial income | 75 | €5,619 | €3,293 | -€2,326 | -41.4% |
| Financial charges | 65/66B | €1,808 | €4,274 | +€2,466 | +136% |
| Recurring financial charges | 65 | €1,808 | €4,274 | +€2,466 | +136% |
| Profit (loss) for the period before taxes | 9903 | €89,471 | €11,466 | -€78,005 | -87.2% |
| Income taxes | 67/77 | €19,036 | €4,133 | -€14,903 | -78.3% |
| Profit (loss) for the period | 9904 | €70,435 | €7,333 | -€63,102 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,435 | €7,333 | -€63,102 | -89.6% |
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 17 October 2026 via checked.be.