ADAMMO: what changed
Two fiscal 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.
ADAMMO
Largest movements
- Cash +€64,767
up €64,767 (+81.3%), from €79,634 to €144,400
mainly Receivables within one year (+€28,694) and Depreciation (+€14,881)
- Receivables within one year -€28,694
down €28,694 (-49.8%), from €57,616 to €28,922
of which Trade receivables: -€19,564
- Tangible fixed assets -€13,754
down €13,754 (-63.9%), from €21,524 to €7,769
of which Furniture and vehicles: -€12,884
- Deferred charges and accrued income -€1,909
no longer reported in 2025 (was €1,909)
- Trade debts +€8,544
up €8,544 (+61.9%), from €13,793 to €22,338
- Other debts +€6,491
up €6,491 (+2425.5%), from €268 to €6,759
- Tax, wage and social debts +€5,498
up €5,498 (+57.1%), from €9,632 to €15,130
of which Taxes: +€7,499
- Short-term financial debts +€4,664
new in 2025: €4,664
- Contributions -€4,340
down €4,340 (-70.0%), from €6,200 to €1,860
- Depreciation -€5,319
down €5,319 (-26.3%), from €20,200 to €14,881
- Staff costs +€2,310
up €2,310 (+5.2%), from €44,526 to €46,836
- Other operating charges +€2,045
up €2,045 (+195.8%), from €1,044 to €3,089
- Gross operating margin +€797
up €797 (+1.0%), from €76,045 to €76,841
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.
Cash bridge derived
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 | €160,866 | €181,275 | +€20,409 | +12.7% |
| Fixed assets | 21/28 | €21,707 | €7,953 | -€13,754 | -63.4% |
| Tangible fixed assets | 22/27 | €21,524 | €7,769 | -€13,754 | -63.9% |
| Plant, machinery and equipment | 23 | €1,663 | €794 | -€870 | -52.3% |
| Furniture and vehicles | 24 | €19,860 | €6,976 | -€12,884 | -64.9% |
| Financial fixed assets | 28 | €183 | €183 | = | 0.0% |
| Current assets | 29/58 | €139,159 | €173,323 | +€34,163 | +24.5% |
| Amounts receivable within one year | 40/41 | €57,616 | €28,922 | -€28,694 | -49.8% |
| Trade receivables | 40 | €48,487 | €28,922 | -€19,564 | -40.4% |
| Other amounts receivable | 41 | €9,129 | - | -€9,129 | |
| Cash at bank and in hand | 54/58 | €79,634 | €144,400 | +€64,767 | +81.3% |
| Deferred charges and accrued income | 490/1 | €1,909 | - | -€1,909 | |
| Total equity and liabilities | 10/49 | €160,866 | €181,275 | +€20,409 | +12.7% |
| Equity | 10/15 | €125,991 | €128,855 | +€2,865 | +2.3% |
| Contributions | 10/11 | €6,200 | €1,860 | -€4,340 | -70.0% |
| Reserves | 13 | €75,860 | €79,000 | +€3,140 | +4.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €59,000 | €64,000 | +€5,000 | +8.5% |
| Profit (loss) carried forward | 14 | €43,931 | €47,995 | +€4,065 | +9.3% |
| Amounts payable | 17/49 | €34,875 | €52,420 | +€17,545 | +50.3% |
| Amounts payable after more than one year | 17 | €3,529 | - | -€3,529 | |
| Financial debts | 170/4 | €3,529 | - | -€3,529 | |
| Amounts payable within one year | 42/48 | €31,346 | €52,420 | +€21,073 | +67.2% |
| Current portion of amounts payable after more than one year | 42 | €7,653 | €3,529 | -€4,125 | -53.9% |
| Financial debts | 43 | - | €4,664 | +€4,664 | |
| Credit institutions | 430/8 | - | €4,664 | +€4,664 | |
| Trade debts | 44 | €13,793 | €22,338 | +€8,544 | +61.9% |
| Suppliers | 440/4 | €13,793 | €22,338 | +€8,544 | +61.9% |
| Taxes, remuneration and social security | 45 | €9,632 | €15,130 | +€5,498 | +57.1% |
| Taxes | 450/3 | €7,325 | €14,824 | +€7,499 | +102.4% |
| Remuneration and social security | 454/9 | €2,308 | €307 | -€2,001 | -86.7% |
| Other amounts payable | 47/48 | €268 | €6,759 | +€6,491 | +2425.5% |
| Remuneration, social security and pensions | 62 | €44,526 | €46,836 | +€2,310 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,200 | €14,881 | -€5,319 | -26.3% |
| Other operating charges | 640/8 | €1,044 | €3,089 | +€2,045 | +195.8% |
| Gross operating margin | 9900 | €76,045 | €76,841 | +€797 | +1.0% |
| Operating profit (loss) | 9901 | €10,274 | €12,035 | +€1,761 | +17.1% |
| Financial income | 75/76B | €782 | €1,065 | +€283 | +36.2% |
| Recurring financial income | 75 | €782 | €1,065 | +€283 | +36.2% |
| Financial charges | 65/66B | €718 | €507 | -€211 | -29.3% |
| Recurring financial charges | 65 | €718 | €507 | -€211 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €10,338 | €12,592 | +€2,254 | +21.8% |
| Income taxes | 67/77 | €3,456 | €3,528 | +€72 | +2.1% |
| Profit (loss) for the period | 9904 | €6,882 | €9,065 | +€2,182 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,882 | €9,065 | +€2,182 | +31.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.