Addicom: 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.
Addicom
Largest movements
- Cash +€98,094
up €98,094 (+136.4%), from €71,924 to €170,018
mainly Other debts (+€225,934) and Net result for the year (+€144,694)
- Current investments +€43,008
up €43,008 (+31.3%), from €137,559 to €180,567
- Receivables within one year -€26,077
down €26,077 (-5.2%), from €504,065 to €477,989
of which Other amounts receivable: -€82,481
- Tangible fixed assets -€20,162
down €20,162 (-24.9%), from €81,067 to €60,905
of which Land and buildings: -€14,059
- Other debts +€225,934
up €225,934 (+306.4%), from €73,742 to €299,676
- Reserves -€154,938
down €154,938 (-27.1%), from €571,729 to €416,791
of which Distributable reserves: -€153,043
- Debts after one year -€48,333
down €48,333 (-77.8%), from €62,105 to €13,771
- Tax, wage and social debts +€46,539
up €46,539 (+65.3%), from €71,232 to €117,772
of which Taxes: +€35,287
- Trade debts +€20,823
up €20,823 (+147.1%), from €14,159 to €34,982
- Staff costs -€46,822
down €46,822 (-13.7%), from €342,013 to €295,191
- Financial income -€21,575
down €21,575 (-67.1%), from €32,165 to €10,590
of which Non-recurring financial income: -€26,244
- Taxes +€10,988
up €10,988 (+18.6%), from €59,105 to €70,092
- Gross operating margin -€7,927
down €7,927 (-1.4%), from €582,887 to €574,960
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 | €801,092 | €893,803 | +€92,712 | +11.6% |
| Fixed assets | 21/28 | €81,067 | €60,905 | -€20,162 | -24.9% |
| Tangible fixed assets | 22/27 | €81,067 | €60,905 | -€20,162 | -24.9% |
| Land and buildings | 22 | €63,265 | €49,206 | -€14,059 | -22.2% |
| Plant, machinery and equipment | 23 | €10,252 | €6,870 | -€3,382 | -33.0% |
| Furniture and vehicles | 24 | €7,551 | €4,829 | -€2,722 | -36.0% |
| Current assets | 29/58 | €720,024 | €832,898 | +€112,874 | +15.7% |
| Amounts receivable within one year | 40/41 | €504,065 | €477,989 | -€26,077 | -5.2% |
| Trade receivables | 40 | €127,261 | €183,665 | +€56,404 | +44.3% |
| Other amounts receivable | 41 | €376,804 | €294,323 | -€82,481 | -21.9% |
| Current investments | 50/53 | €137,559 | €180,567 | +€43,008 | +31.3% |
| Cash at bank and in hand | 54/58 | €71,924 | €170,018 | +€98,094 | +136.4% |
| Deferred charges and accrued income | 490/1 | €6,476 | €4,325 | -€2,151 | -33.2% |
| Total equity and liabilities | 10/49 | €801,092 | €893,803 | +€92,712 | +11.6% |
| Equity | 10/15 | €571,729 | €416,791 | -€154,938 | -27.1% |
| Reserves | 13 | €571,729 | €416,791 | -€154,938 | -27.1% |
| Tax-exempt reserves | 132 | €65,045 | €63,150 | -€1,895 | -2.9% |
| Distributable reserves | 133 | €506,684 | €353,641 | -€153,043 | -30.2% |
| Amounts payable | 17/49 | €229,363 | €477,012 | +€247,649 | +108.0% |
| Amounts payable after more than one year | 17 | €62,105 | €13,771 | -€48,333 | -77.8% |
| Financial debts | 170/4 | €62,105 | €13,771 | -€48,333 | -77.8% |
| Amounts payable within one year | 42/48 | €167,258 | €462,302 | +€295,044 | +176.4% |
| Current portion of amounts payable after more than one year | 42 | €8,062 | €8,333 | +€271 | +3.4% |
| Trade debts | 44 | €14,159 | €34,982 | +€20,823 | +147.1% |
| Suppliers | 440/4 | €14,159 | €34,982 | +€20,823 | +147.1% |
| Advances received on contracts in progress | 46 | €64 | €1,540 | +€1,476 | +2313.8% |
| Taxes, remuneration and social security | 45 | €71,232 | €117,772 | +€46,539 | +65.3% |
| Taxes | 450/3 | €20,815 | €56,103 | +€35,287 | +169.5% |
| Remuneration and social security | 454/9 | €50,417 | €61,669 | +€11,252 | +22.3% |
| Other amounts payable | 47/48 | €73,742 | €299,676 | +€225,934 | +306.4% |
| Accrued charges and deferred income | 492/3 | - | €938 | +€938 | |
| Non-recurring operating income | 76A | €237 | €1,830 | +€1,593 | +672.4% |
| Remuneration, social security and pensions | 62 | €342,013 | €295,191 | -€46,822 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,682 | €20,162 | -€4,519 | -18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,982 | €579 | -€1,403 | -70.8% |
| Other operating charges | 640/8 | €538 | €414 | -€124 | -23.0% |
| Non-recurring operating charges | 66A | - | €156 | +€156 | |
| Gross operating margin | 9900 | €582,887 | €574,960 | -€7,927 | -1.4% |
| Operating profit (loss) | 9901 | €213,672 | €258,458 | +€44,786 | +21.0% |
| Financial income | 75/76B | €32,165 | €10,590 | -€21,575 | -67.1% |
| Recurring financial income | 75 | €5,921 | €10,590 | +€4,670 | +78.9% |
| Non-recurring financial income | 76B | €26,244 | - | -€26,244 | |
| Financial charges | 65/66B | €52,449 | €54,262 | +€1,813 | +3.5% |
| Recurring financial charges | 65 | €52,449 | €54,262 | +€1,813 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €193,388 | €214,786 | +€21,398 | +11.1% |
| Income taxes | 67/77 | €59,105 | €70,092 | +€10,988 | +18.6% |
| Profit (loss) for the period | 9904 | €134,284 | €144,694 | +€10,410 | +7.8% |
| Transfer from tax-exempt reserves | 789 | €21,050 | €21,050 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €22,945 | €19,156 | -€3,789 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €132,389 | €146,588 | +€14,199 | +10.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.