ADAMSKI: 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.
ADAMSKI
Largest movements
- Tangible fixed assets -€25,561
down €25,561 (-20.7%), from €123,618 to €98,057
of which Furniture and vehicles: -€17,886
- Cash +€10,625
up €10,625 (+197.9%), from €5,369 to €15,994
mainly Depreciation (+€29,774) and Net result for the year (+€27,828)
- Receivables within one year +€4,736
up €4,736 (+11.4%), from €41,506 to €46,242
of which Other amounts receivable: +€17,632
- Debts after one year -€27,227
down €27,227 (-31.9%), from €85,315 to €58,087
- Profit (loss) carried forward +€17,828
up €17,828 (+118.2%), from €15,088 to €32,916
- Other debts +€10,000
new in 2025: €10,000
- Short-term financial debts -€8,769
down €8,769 (-41.4%), from €21,170 to €12,402
- Current portion of long-term debt -€4,558
down €4,558 (-15.9%), from €28,664 to €24,106
- Gross operating margin +€31,721
up €31,721 (+74.2%), from €42,722 to €74,443
- Taxes +€6,702
up €6,702 (+261.4%), from €2,564 to €9,266
- Depreciation -€1,601
down €1,601 (-5.1%), from €31,376 to €29,774
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 | €172,938 | €164,222 | -€8,716 | -5.0% |
| Fixed assets | 21/28 | €123,618 | €98,057 | -€25,561 | -20.7% |
| Tangible fixed assets | 22/27 | €123,618 | €98,057 | -€25,561 | -20.7% |
| Land and buildings | 22 | €74,559 | €68,937 | -€5,623 | -7.5% |
| Plant, machinery and equipment | 23 | €8,675 | €6,622 | -€2,052 | -23.7% |
| Furniture and vehicles | 24 | €40,384 | €22,498 | -€17,886 | -44.3% |
| Current assets | 29/58 | €49,319 | €66,165 | +€16,845 | +34.2% |
| Amounts receivable within one year | 40/41 | €41,506 | €46,242 | +€4,736 | +11.4% |
| Trade receivables | 40 | €12,897 | €0 | -€12,897 | -100.0% |
| Other amounts receivable | 41 | €28,609 | €46,242 | +€17,632 | +61.6% |
| Cash at bank and in hand | 54/58 | €5,369 | €15,994 | +€10,625 | +197.9% |
| Deferred charges and accrued income | 490/1 | €2,445 | €3,929 | +€1,485 | +60.7% |
| Total equity and liabilities | 10/49 | €172,938 | €164,222 | -€8,716 | -5.0% |
| Equity | 10/15 | €29,348 | €47,176 | +€17,828 | +60.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,088 | €32,916 | +€17,828 | +118.2% |
| Amounts payable | 17/49 | €143,590 | €117,046 | -€26,544 | -18.5% |
| Amounts payable after more than one year | 17 | €85,315 | €58,087 | -€27,227 | -31.9% |
| Financial debts | 170/4 | €85,315 | €58,087 | -€27,227 | -31.9% |
| Amounts payable within one year | 42/48 | €58,275 | €58,958 | +€683 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €28,664 | €24,106 | -€4,558 | -15.9% |
| Financial debts | 43 | €21,170 | €12,402 | -€8,769 | -41.4% |
| Credit institutions | 430/8 | €21,170 | €12,402 | -€8,769 | -41.4% |
| Trade debts | 44 | €6,256 | €7,001 | +€744 | +11.9% |
| Suppliers | 440/4 | €6,256 | €7,001 | +€744 | +11.9% |
| Taxes, remuneration and social security | 45 | €2,184 | €5,450 | +€3,266 | +149.6% |
| Taxes | 450/3 | €2,184 | €5,450 | +€3,266 | +149.6% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,376 | €29,774 | -€1,601 | -5.1% |
| Other operating charges | 640/8 | €2,529 | €2,740 | +€212 | +8.4% |
| Gross operating margin | 9900 | €42,722 | €74,443 | +€31,721 | +74.2% |
| Operating profit (loss) | 9901 | €8,818 | €41,928 | +€33,110 | +375.5% |
| Financial income | 75/76B | €62 | €29 | -€33 | -53.8% |
| Recurring financial income | 75 | €62 | €29 | -€33 | -53.8% |
| Financial charges | 65/66B | €5,228 | €4,862 | -€365 | -7.0% |
| Recurring financial charges | 65 | €5,228 | €4,862 | -€365 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €3,652 | €37,094 | +€33,442 | +915.7% |
| Income taxes | 67/77 | €2,564 | €9,266 | +€6,702 | +261.4% |
| Profit (loss) for the period | 9904 | €1,088 | €27,828 | +€26,740 | +2457.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,088 | €27,828 | +€26,740 | +2457.6% |
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 10 October 2026 via checked.be.