ADAMAS PROJECTS: 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 PROJECTS
Largest movements
- Cash +€23,031
up €23,031 (+13.6%), from €169,234 to €192,265
mainly Net result for the year (+€22,957) and Depreciation (+€5,411)
- Receivables within one year -€3,847
down €3,847 (-18.3%), from €20,973 to €17,126
of which Trade receivables: -€9,279
- Reserves +€22,957
up €22,957 (+11.3%), from €203,168 to €226,125
- Tax, wage and social debts -€4,690
down €4,690 (-57.7%), from €8,123 to €3,433
of which Taxes: -€7,690
- Gross operating margin -€14,969
down €14,969 (-27.2%), from €54,998 to €40,029
- Taxes -€3,506
down €3,506 (-28.2%), from €12,433 to €8,927
- Depreciation -€1,555
down €1,555 (-22.3%), from €6,966 to €5,411
- Financial income +€778
up €778 (+141%), from €552 to €1,330
of which Financial income: +€778
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 | €213,436 | €233,076 | +€19,640 | +9.2% |
| Fixed assets | 21/28 | €23,229 | €23,685 | +€456 | +2.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €23,229 | €23,685 | +€456 | +2.0% |
| Land and buildings | 22 | €17,527 | €16,496 | -€1,031 | -5.9% |
| Plant, machinery and equipment | 23 | €483 | €370 | -€113 | -23.4% |
| Furniture and vehicles | 24 | €5,219 | €6,819 | +€1,600 | +30.7% |
| Current assets | 29/58 | €190,207 | €209,391 | +€19,184 | +10.1% |
| Amounts receivable within one year | 40/41 | €20,973 | €17,126 | -€3,847 | -18.3% |
| Trade receivables | 40 | €9,279 | - | -€9,279 | |
| Other amounts receivable | 41 | €11,694 | €17,126 | +€5,432 | +46.5% |
| Cash at bank and in hand | 54/58 | €169,234 | €192,265 | +€23,031 | +13.6% |
| Total equity and liabilities | 10/49 | €213,436 | €233,076 | +€19,640 | +9.2% |
| Equity | 10/15 | €203,168 | €226,125 | +€22,957 | +11.3% |
| Reserves | 13 | €203,168 | €226,125 | +€22,957 | +11.3% |
| Distributable reserves | 133 | €203,168 | €226,125 | +€22,957 | +11.3% |
| Amounts payable | 17/49 | €10,268 | €6,951 | -€3,317 | -32.3% |
| Amounts payable within one year | 42/48 | €10,268 | €6,951 | -€3,317 | -32.3% |
| Trade debts | 44 | €2,145 | €3,518 | +€1,373 | +64.0% |
| Suppliers | 440/4 | €2,145 | €3,518 | +€1,373 | +64.0% |
| Taxes, remuneration and social security | 45 | €8,123 | €3,433 | -€4,690 | -57.7% |
| Taxes | 450/3 | €8,123 | €433 | -€7,690 | -94.7% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,966 | €5,411 | -€1,555 | -22.3% |
| Other operating charges | 640/8 | €2,935 | €2,657 | -€278 | -9.5% |
| Gross operating margin | 9900 | €54,998 | €40,029 | -€14,969 | -27.2% |
| Operating profit (loss) | 9901 | €45,097 | €31,961 | -€13,136 | -29.1% |
| Financial income | 75/76B | €552 | €1,330 | +€778 | +141% |
| Recurring financial income | 75 | €552 | €1,330 | +€778 | +141% |
| Non-recurring financial income | 76B | €552 | €1,330 | +€778 | +141% |
| Financial charges | 65/66B | €1,807 | €1,407 | -€400 | -22.1% |
| Recurring financial charges | 65 | €1,807 | €1,407 | -€400 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €43,842 | €31,884 | -€11,958 | -27.3% |
| Income taxes | 67/77 | €12,433 | €8,927 | -€3,506 | -28.2% |
| Profit (loss) for the period | 9904 | €31,409 | €22,957 | -€8,452 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,409 | €22,957 | -€8,452 | -26.9% |
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 14 October 2026 via checked.be.