ADDIMAN: 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.
ADDIMAN
Largest movements
- Tangible fixed assets +€722,351
up €722,351 (+461.9%), from €156,403 to €878,754
of which Leasing and similar rights: +€757,114
- Current investments +€600,000
new in 2025: €600,000
- Cash -€440,097
down €440,097 (-70.7%), from €622,512 to €182,415
mainly Investment in fixed assets (net) (-€806,432) and Current investments (-€600,000)
- Receivables within one year +€200,586
up €200,586 (+23.4%), from €857,150 to €1.1m
of which Trade receivables: +€189,093
- Debts after one year +€560,752
up €560,752 (+930.8%), from €60,242 to €620,994
- Profit (loss) carried forward +€316,246
up €316,246 (+38.4%), from €824,005 to €1.1m
- Current portion of long-term debt +€189,090
up €189,090 (+591.6%), from €31,964 to €221,055
- Trade debts -€74,433
down €74,433 (-52.8%), from €140,998 to €66,565
- Accrued charges and deferred income +€54,700
up €54,700 (+108.9%), from €50,221 to €104,921
- Staff costs +€747,877
up €747,877 (+35.0%), from €2.1m to €2.9m
- Gross operating margin +€730,748
up €730,748 (+26.5%), from €2.8m to €3.5m
- Depreciation -€143,285
down €143,285 (-63.0%), from €227,365 to €84,081
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 | €1,645,023 | €2,732,125 | +€1.1m | +66.1% |
| Fixed assets | 21/28 | €156,403 | €878,754 | +€722,351 | +461.9% |
| Tangible fixed assets | 22/27 | €156,403 | €878,754 | +€722,351 | +461.9% |
| Furniture and vehicles | 24 | €34,763 | - | -€34,763 | |
| Leasing and similar rights | 25 | €121,641 | €878,754 | +€757,114 | +622.4% |
| Current assets | 29/58 | €1,488,620 | €1,853,371 | +€364,751 | +24.5% |
| Amounts receivable within one year | 40/41 | €857,150 | €1,057,736 | +€200,586 | +23.4% |
| Trade receivables | 40 | €827,150 | €1,016,244 | +€189,093 | +22.9% |
| Other amounts receivable | 41 | €30,000 | €41,492 | +€11,492 | +38.3% |
| Current investments | 50/53 | - | €600,000 | +€600,000 | |
| Cash at bank and in hand | 54/58 | €622,512 | €182,415 | -€440,097 | -70.7% |
| Deferred charges and accrued income | 490/1 | €8,958 | €13,220 | +€4,262 | +47.6% |
| Total equity and liabilities | 10/49 | €1,645,023 | €2,732,125 | +€1.1m | +66.1% |
| Equity | 10/15 | €975,602 | €1,291,848 | +€316,246 | +32.4% |
| Contributions | 10/11 | €102,000 | €102,000 | = | 0.0% |
| Outside capital | 11 | €102,000 | - | -€102,000 | |
| Other | 1109/19 | €102,000 | - | -€102,000 | |
| Reserves | 13 | €49,597 | €49,597 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,438 | €39,438 | = | 0.0% |
| Distributable reserves | 133 | €10,160 | €10,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €824,005 | €1,140,250 | +€316,246 | +38.4% |
| Amounts payable | 17/49 | €669,421 | €1,440,278 | +€770,857 | +115.2% |
| Amounts payable after more than one year | 17 | €60,242 | €620,994 | +€560,752 | +930.8% |
| Financial debts | 170/4 | €60,242 | €620,994 | +€560,752 | +930.8% |
| Amounts payable within one year | 42/48 | €558,958 | €714,362 | +€155,404 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €31,964 | €221,055 | +€189,090 | +591.6% |
| Trade debts | 44 | €140,998 | €66,565 | -€74,433 | -52.8% |
| Suppliers | 440/4 | €140,998 | €66,565 | -€74,433 | -52.8% |
| Taxes, remuneration and social security | 45 | €385,996 | €426,743 | +€40,747 | +10.6% |
| Taxes | 450/3 | €74,053 | €32,357 | -€41,696 | -56.3% |
| Remuneration and social security | 454/9 | €311,943 | €394,386 | +€82,443 | +26.4% |
| Accrued charges and deferred income | 492/3 | €50,221 | €104,921 | +€54,700 | +108.9% |
| Non-recurring operating income | 76A | - | €89,588 | +€89,588 | |
| Remuneration, social security and pensions | 62 | €2,139,775 | €2,887,652 | +€747,877 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,365 | €84,081 | -€143,285 | -63.0% |
| Other operating charges | 640/8 | €56,684 | €68,184 | +€11,500 | +20.3% |
| Gross operating margin | 9900 | €2,753,950 | €3,484,698 | +€730,748 | +26.5% |
| Operating profit (loss) | 9901 | €330,126 | €444,782 | +€114,656 | +34.7% |
| Financial income | 75/76B | €0 | €3,567 | +€3,567 | +17835050.0% |
| Recurring financial income | 75 | €0 | €3,567 | +€3,567 | +17835050.0% |
| Financial charges | 65/66B | €5,252 | €11,207 | +€5,955 | +113.4% |
| Recurring financial charges | 65 | €5,252 | €11,207 | +€5,955 | +113.4% |
| Profit (loss) for the period before taxes | 9903 | €324,874 | €437,142 | +€112,268 | +34.6% |
| Income taxes | 67/77 | €89,467 | €120,897 | +€31,430 | +35.1% |
| Profit (loss) for the period | 9904 | €235,407 | €316,246 | +€80,838 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €235,407 | €316,246 | +€80,838 | +34.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.