ADAMEO: 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.
ADAMEO
Largest movements
- Receivables after one year -€73,009
down €73,009 (-52.7%), from €138,639 to €65,630
- Current investments -€7,651
down €7,651 (-13.7%), from €55,983 to €48,332
- Profit (loss) carried forward -€99,149
down €99,149 (-179%), from -€55,429 to -€154,578
- Other debts +€16,896
up €16,896 (+8.8%), from €192,277 to €209,172
- Financial income -€69,186
down €69,186 (-62.2%), from €111,207 to €42,022
- Financial charges +€27,223
up €27,223 (+31.7%), from €85,768 to €112,990
- Gross operating margin -€1,245
down €1,245 (-4.9%), from -€25,417 to -€26,662
- Depreciation +€774
up €774 (+217%), from €357 to €1,131
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 | €218,135 | €135,989 | -€82,146 | -37.7% |
| Fixed assets | 21/28 | €2,604 | €2,672 | +€68 | +2.6% |
| Tangible fixed assets | 22/27 | €2,604 | €2,672 | +€68 | +2.6% |
| Furniture and vehicles | 24 | €2,604 | €2,672 | +€68 | +2.6% |
| Current assets | 29/58 | €215,531 | €133,318 | -€82,214 | -38.1% |
| Amounts receivable after more than one year | 29 | €138,639 | €65,630 | -€73,009 | -52.7% |
| Other amounts receivable | 291 | €138,639 | €65,630 | -€73,009 | -52.7% |
| Current investments | 50/53 | €55,983 | €48,332 | -€7,651 | -13.7% |
| Cash at bank and in hand | 54/58 | €20,909 | €19,356 | -€1,553 | -7.4% |
| Total equity and liabilities | 10/49 | €218,135 | €135,989 | -€82,146 | -37.7% |
| Equity | 10/15 | -€15,029 | -€114,178 | -€99,149 | -660% |
| Contributions | 10/11 | €40,400 | €40,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,429 | -€154,578 | -€99,149 | -179% |
| Amounts payable | 17/49 | €233,163 | €250,167 | +€17,004 | +7.3% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €192,305 | €209,267 | +€16,963 | +8.8% |
| Trade debts | 44 | €28 | €95 | +€67 | +240% |
| Suppliers | 440/4 | €28 | €95 | +€67 | +240% |
| Other amounts payable | 47/48 | €192,277 | €209,172 | +€16,896 | +8.8% |
| Accrued charges and deferred income | 492/3 | €859 | €900 | +€41 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €357 | €1,131 | +€774 | +217% |
| Other operating charges | 640/8 | €300 | €387 | +€88 | +29.2% |
| Gross operating margin | 9900 | -€25,417 | -€26,662 | -€1,245 | -4.9% |
| Operating profit (loss) | 9901 | -€26,074 | -€28,181 | -€2,107 | -8.1% |
| Financial income | 75/76B | €111,207 | €42,022 | -€69,186 | -62.2% |
| Recurring financial income | 75 | €111,207 | €42,022 | -€69,186 | -62.2% |
| Financial charges | 65/66B | €85,768 | €112,990 | +€27,223 | +31.7% |
| Recurring financial charges | 65 | €85,768 | €112,990 | +€27,223 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | -€634 | -€99,149 | -€98,515 | -15,543% |
| Profit (loss) for the period | 9904 | -€634 | -€99,149 | -€98,515 | -15,543% |
| Profit (loss) for the period to be appropriated | 9905 | -€634 | -€99,149 | -€98,515 | -15,543% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.