ADEM: 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.
What changed
ADEM
NACE 87.201, Residential care activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€360,765
2024 · -€196,017-€164,748
Equity
€5.7m
2024 · €6.0m-€319,750
Cash
€2.0m
2024 · €2.6m-€591,425
Balance sheet total
€12.4m
2024 · €10.8m+€1.7m
Largest movements
Assets
- Tangible fixed assets +€1.9m
up €1.9m (+33.2%), from €5.8m to €7.8m
of which Land and buildings: +€1.6m
- Cash -€591,425
down €591,425 (-22.7%), from €2.6m to €2.0m
mainly Investment in fixed assets (net) (-€2.6m) and Net result for the year (-€360,765)
- Receivables within one year +€328,332
up €328,332 (+39.5%), from €831,825 to €1.2m
of which Other amounts receivable: +€328,014
Equity and liabilities
- Debts after one year +€1.7m
up €1.7m (+251.3%), from €685,367 to €2.4m
- Debts within one year +€313,360
up €313,360 (+7.9%), from €3.9m to €4.3m
of which Trade debts: +€369,813
- Profit (loss) carried forward -€277,963
down €277,963 (-22.7%), from €1.2m to €946,973
Income statement
- Staff costs +€786,133
up €786,133 (+5.0%), from €15.7m to €16.5m
- Turnover +€109,942
up €109,942 (+12.9%), from €851,909 to €961,851
- Depreciation +€82,810
up €82,810 (+14.1%), from €586,833 to €669,643
- Goods and materials -€63,280
down €63,280 (-8.7%), from €726,137 to €662,857
of which Purchases: -€58,516
- Services and other goods +€33,215
up €33,215 (+2.2%), from €1.5m to €1.6m
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.
Result 2024
-€196,017
Turnover
+€109,942
Other operating income
+€25,122
Goods and materials
+€63,280
Services and other goods
-€33,215
Staff costs
-€786,133
Depreciation
-€82,810
Write-downs
+€847
Other operating charges
+€26,944
Other operating items
+€547,590
Financial income
-€4,284
Financial charges
-€32,030
Result 2025
-€360,765
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.
From operations
+€257,041
Investment
-€2.6m
Financing
+€1.8m
Cash 2024
€2.6m
From operations (derived)
+€257,041
Net result for the year
-€360,765
Depreciation
+€669,643
Receivables after one year
+€64,404
Receivables within one year
-€328,332
Deferred charges and accrued income
-€41,295
Debts within one year
+€313,360
Accrued charges and deferred income
-€59,974
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€2.6m
Financing
+€1.8m
Debts after one year
+€1.7m
Contributions, distributions and other
+€41,015
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,758,362 | €12,414,275 | +€1.7m | +15.4% |
| Fixed assets | 21/28 | €5,849,680 | €7,791,794 | +€1.9m | +33.2% |
| Tangible fixed assets | 22/27 | €5,848,680 | €7,790,794 | +€1.9m | +33.2% |
| Land and buildings | 22 | €3,902,143 | €5,462,123 | +€1.6m | +40.0% |
| Plant, machinery and equipment | 23 | €352,961 | €465,843 | +€112,882 | +32.0% |
| Furniture and vehicles | 24 | €382,031 | €417,336 | +€35,305 | +9.2% |
| Assets under construction and advance payments | 27 | €1,211,545 | €1,445,492 | +€233,947 | +19.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,000 | €1,000 | = | 0.0% |
| Shares | 284 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €4,908,682 | €4,622,481 | -€286,201 | -5.8% |
| Amounts receivable after more than one year | 29 | €380,154 | €315,750 | -€64,404 | -16.9% |
| Other amounts receivable | 291 | €380,154 | €315,750 | -€64,404 | -16.9% |
| Amounts receivable within one year | 40/41 | €831,825 | €1,160,157 | +€328,332 | +39.5% |
| Trade receivables | 40 | €165,889 | €166,207 | +€318 | +0.2% |
| Other amounts receivable | 41 | €665,936 | €993,950 | +€328,014 | +49.3% |
| Current investments | 50/53 | €998,950 | €998,950 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,602,715 | €2,011,290 | -€591,425 | -22.7% |
| Deferred charges and accrued income | 490/1 | €95,039 | €136,334 | +€41,295 | +43.5% |
| Total equity and liabilities | 10/49 | €10,758,362 | €12,414,275 | +€1.7m | +15.4% |
| Equity | 10/15 | €6,033,749 | €5,713,999 | -€319,750 | -5.3% |
| Contributions | 10/11 | €1,184,061 | €1,184,061 | -€0 | 0.0% |
| Capital | 10 | €1,184,061 | €1,184,061 | -€0 | 0.0% |
| Reserves | 13 | €1,075,000 | €992,198 | -€82,802 | -7.7% |
| Profit (loss) carried forward | 14 | €1,224,936 | €946,973 | -€277,963 | -22.7% |
| Investment grants | 15 | €2,549,752 | €2,590,767 | +€41,015 | +1.6% |
| Amounts payable | 17/49 | €4,724,613 | €6,700,276 | +€2.0m | +41.8% |
| Amounts payable after more than one year | 17 | €685,367 | €2,407,644 | +€1.7m | +251.3% |
| Financial debts | 170/4 | €685,367 | €2,407,644 | +€1.7m | +251.3% |
| Credit institutions | 173 | €685,367 | €2,407,644 | +€1.7m | +251.3% |
| Amounts payable within one year | 42/48 | €3,946,153 | €4,259,513 | +€313,360 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €75,580 | €78,506 | +€2,926 | +3.9% |
| Trade debts | 44 | €226,050 | €595,863 | +€369,813 | +163.6% |
| Suppliers | 440/4 | €226,050 | €595,863 | +€369,813 | +163.6% |
| Taxes, remuneration and social security | 45 | €3,461,806 | €3,561,188 | +€99,382 | +2.9% |
| Taxes | 450/3 | €516,186 | €524,437 | +€8,251 | +1.6% |
| Remuneration and social security | 454/9 | €2,945,620 | €3,036,751 | +€91,131 | +3.1% |
| Accrued charges and deferred income | 492/3 | €93,093 | €33,119 | -€59,974 | -64.4% |
| Operating income | 70/76A | €18,412,268 | €19,091,023 | +€678,755 | +3.7% |
| Turnover | 70 | €851,909 | €961,851 | +€109,942 | +12.9% |
| Other operating income | 74 | €418,537 | €443,659 | +€25,122 | +6.0% |
| Non-recurring operating income | 76A | €1,285 | €8,514 | +€7,229 | +562.5% |
| Operating charges | 60/66A | €18,599,573 | €19,406,762 | +€807,189 | +4.3% |
| Goods for resale, raw materials and consumables | 60 | €726,137 | €662,857 | -€63,280 | -8.7% |
| Purchases | 600/8 | €721,373 | €662,857 | -€58,516 | -8.1% |
| Change in stocks: decrease (increase) | 609 | €4,764 | - | -€4,764 | |
| Services and other goods | 61 | €1,528,248 | €1,561,463 | +€33,215 | +2.2% |
| Remuneration, social security and pensions | 62 | €15,679,879 | €16,466,012 | +€786,133 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €586,833 | €669,643 | +€82,810 | +14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€847 | -€847 | |
| Other operating charges | 640/8 | €74,578 | €47,634 | -€26,944 | -36.1% |
| Non-recurring operating charges | 66A | €3,898 | - | -€3,898 | |
| Operating profit (loss) | 9901 | -€187,305 | -€315,739 | -€128,434 | -68.6% |
| Financial income | 75/76B | €25,185 | €20,901 | -€4,284 | -17.0% |
| Recurring financial income | 75 | €25,185 | €20,901 | -€4,284 | -17.0% |
| Other financial income | 752/9 | €25,185 | €20,901 | -€4,284 | -17.0% |
| Financial charges | 65/66B | €33,897 | €65,927 | +€32,030 | +94.5% |
| Recurring financial charges | 65 | €33,897 | €65,927 | +€32,030 | +94.5% |
| Debt charges | 650 | €30,004 | €56,679 | +€26,675 | +88.9% |
| Other financial charges | 652/9 | €3,893 | €9,248 | +€5,355 | +137.5% |
| Profit (loss) for the period before taxes | 9903 | -€196,017 | -€360,765 | -€164,748 | -84.0% |
| Profit (loss) for the period | 9904 | -€196,017 | -€360,765 | -€164,748 | -84.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€196,017 | -€360,765 | -€164,748 | -84.0% |
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 6 October 2026 via checked.be.