ADAMAT: 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.
ADAMAT
Largest movements
- Cash +€77,077
up €77,077 (+131%), from €59,046 to €136,123
mainly Net result for the year (+€66,701) and Tax, wage and social debts (+€19,073)
- Receivables within one year +€6,402
up €6,402 (+12.1%), from €52,713 to €59,115
of which Other amounts receivable: +€40,488
- Profit (loss) carried forward +€41,701
up €41,701 (+53.4%), from €78,100 to €119,802
- Reserves +€25,000
new in 2025: €25,000
- Tax, wage and social debts +€19,073
up €19,073 (+57.5%), from €33,194 to €52,268
- Gross operating margin +€8,765
up €8,765 (+11.3%), from €77,236 to €86,001
- Taxes +€4,328
up €4,328 (+27.3%), from €15,856 to €20,184
- Financial income +€1,637
up €1,637 (+176%), from €928 to €2,565
- Other operating charges +€896
new in 2025: €896
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 | €114,653 | €200,300 | +€85,647 | +74.7% |
| Fixed assets | 21/28 | €1,310 | €1,776 | +€466 | +35.6% |
| Tangible fixed assets | 22/27 | €1,310 | €1,776 | +€466 | +35.6% |
| Furniture and vehicles | 24 | €1,310 | €821 | -€489 | -37.4% |
| Other tangible fixed assets | 26 | - | €955 | +€955 | |
| Current assets | 29/58 | €113,343 | €198,524 | +€85,181 | +75.2% |
| Amounts receivable within one year | 40/41 | €52,713 | €59,115 | +€6,402 | +12.1% |
| Trade receivables | 40 | €34,086 | - | -€34,086 | |
| Other amounts receivable | 41 | €18,627 | €59,115 | +€40,488 | +217% |
| Cash at bank and in hand | 54/58 | €59,046 | €136,123 | +€77,077 | +131% |
| Deferred charges and accrued income | 490/1 | €1,584 | €3,286 | +€1,702 | +107% |
| Total equity and liabilities | 10/49 | €114,653 | €200,300 | +€85,647 | +74.7% |
| Equity | 10/15 | €80,100 | €146,802 | +€66,701 | +83.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €25,000 | +€25,000 | |
| Distributable reserves | 133 | - | €25,000 | +€25,000 | |
| Profit (loss) carried forward | 14 | €78,100 | €119,802 | +€41,701 | +53.4% |
| Amounts payable | 17/49 | €34,553 | €53,499 | +€18,946 | +54.8% |
| Amounts payable within one year | 42/48 | €34,553 | €53,499 | +€18,946 | +54.8% |
| Trade debts | 44 | €1,358 | €1,231 | -€128 | -9.4% |
| Suppliers | 440/4 | €1,358 | €1,231 | -€128 | -9.4% |
| Taxes, remuneration and social security | 45 | €33,194 | €52,268 | +€19,073 | +57.5% |
| Taxes | 450/3 | €33,194 | €52,268 | +€19,073 | +57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146 | €660 | +€514 | +353% |
| Other operating charges | 640/8 | - | €896 | +€896 | |
| Gross operating margin | 9900 | €77,236 | €86,001 | +€8,765 | +11.3% |
| Operating profit (loss) | 9901 | €77,090 | €84,445 | +€7,355 | +9.5% |
| Financial income | 75/76B | €928 | €2,565 | +€1,637 | +176% |
| Recurring financial income | 75 | €928 | €2,565 | +€1,637 | +176% |
| Financial charges | 65/66B | €155 | €125 | -€31 | -19.8% |
| Recurring financial charges | 65 | €155 | €125 | -€31 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €77,863 | €86,886 | +€9,022 | +11.6% |
| Income taxes | 67/77 | €15,856 | €20,184 | +€4,328 | +27.3% |
| Profit (loss) for the period | 9904 | €62,007 | €66,701 | +€4,694 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,007 | €66,701 | +€4,694 | +7.6% |
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.