Adamas Industries: 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.
What changed
Adamas Industries
NACE 46.120, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€81,828
2024 · -€80,545-€1,283
Equity
€121,579
2024 · €203,407-€81,828
Cash
€10,074
2024 · €14,331-€4,257
Balance sheet total
€2.1m
2024 · €1.7m+€400,700
Largest movements
Assets
- Receivables within one year +€420,681
up €420,681 (+207%), from €203,253 to €623,934
of which Trade receivables: +€548,049
Equity and liabilities
- Other debts +€971,210
up €971,210 (+170%), from €569,961 to €1.5m
- Short-term financial debts -€417,205
down €417,205 (-100%), from €417,205 to €0
- Profit (loss) carried forward -€81,828
down €81,828 (-68.8%), from €118,982 to €37,154
- Debts after one year -€59,628
down €59,628 (-16.0%), from €372,160 to €312,532
Income statement
- Financial charges -€33,572
down €33,572 (-45.7%), from €73,482 to €39,911
- Gross operating margin -€18,815
down €18,815, from €8,465 to -€10,350
- Other operating charges +€13,525
up €13,525 (+199%), from €6,793 to €20,318
- Write-downs -€1,858
new in 2025: -€1,858
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.
Result 2024
-€80,545
Gross operating margin
-€18,815
Write-downs
+€1,858
Other operating charges
-€13,525
Other operating items
-€4,372
Financial income
-€1
Financial charges
+€33,572
Result 2025
-€81,828
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€470,210
Investment
€0
Financing
-€474,467
Cash 2024
€14,331
From operations (derived)
+€470,210
Net result for the year
-€81,828
Depreciation
+€8,736
Stocks and contracts
+€4,328
Receivables within one year
-€420,681
Deferred charges and accrued income
+€2,660
Trade debts
-€2,552
Tax, wage and social debts
-€2,343
Other debts
+€971,210
Accrued charges and deferred income
-€9,320
Financing
-€474,467
Debts after one year
-€59,628
Current portion of long-term debt
+€2,366
Short-term financial debts
-€417,205
Cash 2025
€10,074
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,666,647 | €2,067,348 | +€400,700 | +24.0% |
| Fixed assets | 21/28 | €935,127 | €926,391 | -€8,736 | -0.9% |
| Tangible fixed assets | 22/27 | €195,127 | €186,391 | -€8,736 | -4.5% |
| Land and buildings | 22 | €195,127 | €186,391 | -€8,736 | -4.5% |
| Financial fixed assets | 28 | €740,000 | €740,000 | = | 0.0% |
| Current assets | 29/58 | €731,520 | €1,140,957 | +€409,436 | +56.0% |
| Stocks and contracts in progress | 3 | €511,155 | €506,828 | -€4,328 | -0.8% |
| Stocks | 30/36 | €511,155 | €506,828 | -€4,328 | -0.8% |
| Amounts receivable within one year | 40/41 | €203,253 | €623,934 | +€420,681 | +207% |
| Trade receivables | 40 | €37,712 | €585,761 | +€548,049 | +1,453% |
| Other amounts receivable | 41 | €165,540 | €38,173 | -€127,367 | -76.9% |
| Cash at bank and in hand | 54/58 | €14,331 | €10,074 | -€4,257 | -29.7% |
| Deferred charges and accrued income | 490/1 | €2,782 | €121 | -€2,660 | -95.6% |
| Total equity and liabilities | 10/49 | €1,666,647 | €2,067,348 | +€400,700 | +24.0% |
| Equity | 10/15 | €203,407 | €121,579 | -€81,828 | -40.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €71,925 | €71,925 | = | 0.0% |
| Distributable reserves | 133 | €71,925 | €71,925 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,982 | €37,154 | -€81,828 | -68.8% |
| Amounts payable | 17/49 | €1,463,240 | €1,945,769 | +€482,528 | +33.0% |
| Amounts payable after more than one year | 17 | €372,160 | €312,532 | -€59,628 | -16.0% |
| Financial debts | 170/4 | €372,160 | €312,532 | -€59,628 | -16.0% |
| Amounts payable within one year | 42/48 | €1,081,760 | €1,633,237 | +€551,477 | +51.0% |
| Current portion of amounts payable after more than one year | 42 | €57,262 | €59,628 | +€2,366 | +4.1% |
| Financial debts | 43 | €417,205 | €0 | -€417,205 | -100% |
| Credit institutions | 430/8 | €417,205 | €0 | -€417,205 | -100% |
| Trade debts | 44 | €31,411 | €28,859 | -€2,552 | -8.1% |
| Suppliers | 440/4 | €31,411 | €28,859 | -€2,552 | -8.1% |
| Taxes, remuneration and social security | 45 | €5,921 | €3,579 | -€2,343 | -39.6% |
| Taxes | 450/3 | €5,921 | €3,579 | -€2,343 | -39.6% |
| Other amounts payable | 47/48 | €569,961 | €1,541,171 | +€971,210 | +170% |
| Accrued charges and deferred income | 492/3 | €9,320 | €0 | -€9,320 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,736 | €8,736 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,858 | -€1,858 | |
| Other operating charges | 640/8 | €6,793 | €20,318 | +€13,525 | +199% |
| Non-recurring operating charges | 66A | €0 | €4,372 | +€4,372 | |
| Gross operating margin | 9900 | €8,465 | -€10,350 | -€18,815 | |
| Operating profit (loss) | 9901 | -€7,063 | -€41,917 | -€34,854 | -493% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €73,482 | €39,911 | -€33,572 | -45.7% |
| Recurring financial charges | 65 | €73,482 | €39,911 | -€33,572 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | -€80,545 | -€81,828 | -€1,283 | -1.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€80,545 | -€81,828 | -€1,283 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,545 | -€81,828 | -€1,283 | -1.6% |
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 31 October 2026 via checked.be.