ADEME: 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.
What changed
ADEME
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €2.8m-€1.2m
Equity
€25.3m
2024 · €24.5m+€816,551
Cash
€427,361
2024 · €177,458+€249,903
Balance sheet total
€26.7m
2024 · €25.7m+€1.0m
Largest movements
Assets
- Current investments +€702,921
up €702,921 (+54.1%), from €1.3m to €2.0m
Equity and liabilities
- Reserves +€816,551
up €816,551 (+6.8%), from €11.9m to €12.8m
of which Distributable reserves: +€868,031
Income statement
- Turnover -€1.6m
no longer reported in 2025 (was €1.6m)
- Financial income -€1.4m
down €1.4m (-42.9%), from €3.2m to €1.8m
- Purchases and services -€603,114
no longer reported in 2025 (was €603,114)
- Taxes -€199,551
down €199,551 (-56.4%), from €354,063 to €154,512
- Gross operating margin -€107,207
down €107,207 (-10.6%), from €1.0m to €906,708
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
€2.8m
Gross operating margin
-€107,207
Staff costs
+€71,017
Depreciation
-€3,130
Other operating charges
-€764
Financial income
-€1.4m
Financial charges
+€13,708
Taxes
+€199,551
Result 2025
€1.6m
raises the resultlowers the result
Derived cash bridge
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
+€2.0m
Investment
-€936,808
Financing
-€787,064
Cash 2024
€177,458
From operations (derived)
+€2.0m
Net result for the year
+€1.6m
Depreciation
+€240,792
Receivables within one year
-€64,538
Smaller working-capital items
+€7,017
Tax, wage and social debts
+€96,921
Other debts
+€78,003
Accrued charges and deferred income
+€11,966
Investment (derived)
-€936,808
Investment in fixed assets (net)
-€233,887
Current investments
-€702,921
Financing
-€787,064
Contributions, distributions and other
-€787,064
Cash 2025
€427,361
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,667,790 | €26,674,559 | +€1.0m | +3.9% |
| Fixed assets | 21/28 | €24,001,690 | €23,994,784 | -€6,905 | 0.0% |
| Tangible fixed assets | 22/27 | €6,404,454 | €6,311,295 | -€93,158 | -1.5% |
| Land and buildings | 22 | €5,641,088 | €5,518,236 | -€122,852 | -2.2% |
| Plant, machinery and equipment | 23 | €606,615 | €785 | -€605,830 | -99.9% |
| Furniture and vehicles | 24 | €46,751 | €682,274 | +€635,523 | +1,359% |
| Other tangible fixed assets | 26 | €110,000 | €110,000 | = | 0.0% |
| Financial fixed assets | 28 | €17,597,236 | €17,683,489 | +€86,253 | +0.5% |
| Current assets | 29/58 | €1,666,101 | €2,679,775 | +€1.0m | +60.8% |
| Amounts receivable within one year | 40/41 | €160,491 | €225,029 | +€64,538 | +40.2% |
| Trade receivables | 40 | €156,672 | €220,204 | +€63,532 | +40.6% |
| Other amounts receivable | 41 | €3,819 | €4,825 | +€1,006 | +26.3% |
| Current investments | 50/53 | €1,300,000 | €2,002,921 | +€702,921 | +54.1% |
| Cash at bank and in hand | 54/58 | €177,458 | €427,361 | +€249,903 | +141% |
| Deferred charges and accrued income | 490/1 | €28,152 | €24,463 | -€3,688 | -13.1% |
| Total equity and liabilities | 10/49 | €25,667,790 | €26,674,559 | +€1.0m | +3.9% |
| Equity | 10/15 | €24,468,018 | €25,284,569 | +€816,551 | +3.3% |
| Contributions | 10/11 | €12,526,771 | €12,526,771 | = | 0.0% |
| Capital | 10 | €12,526,771 | €12,526,771 | = | 0.0% |
| Issued capital | 100 | €12,526,771 | €12,526,771 | = | 0.0% |
| Reserves | 13 | €11,941,247 | €12,757,798 | +€816,551 | +6.8% |
| Non-distributable reserves | 130/1 | €1,252,677 | €1,201,197 | -€51,480 | -4.1% |
| Legal reserve | 130 | €1,252,677 | €1,201,197 | -€51,480 | -4.1% |
| Distributable reserves | 133 | €10,688,570 | €11,556,601 | +€868,031 | +8.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,199,772 | €1,389,990 | +€190,218 | +15.9% |
| Amounts payable within one year | 42/48 | €1,199,772 | €1,378,024 | +€178,252 | +14.9% |
| Trade debts | 44 | €26,076 | €29,405 | +€3,329 | +12.8% |
| Suppliers | 440/4 | €26,076 | €29,405 | +€3,329 | +12.8% |
| Taxes, remuneration and social security | 45 | €464,635 | €561,555 | +€96,921 | +20.9% |
| Taxes | 450/3 | €377,939 | €486,187 | +€108,248 | +28.6% |
| Remuneration and social security | 454/9 | €86,696 | €75,368 | -€11,328 | -13.1% |
| Other amounts payable | 47/48 | €709,062 | €787,064 | +€78,003 | +11.0% |
| Accrued charges and deferred income | 492/3 | - | €11,966 | +€11,966 | |
| Turnover | 70 | €1,585,550 | - | -€1.6m | |
| Goods, raw materials, services and sundry goods | 60/61 | €603,114 | - | -€603,114 | |
| Remuneration, social security and pensions | 62 | €779,835 | €708,818 | -€71,017 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237,662 | €240,792 | +€3,130 | +1.3% |
| Other operating charges | 640/8 | €9,033 | €9,797 | +€764 | +8.5% |
| Gross operating margin | 9900 | €1,013,914 | €906,708 | -€107,207 | -10.6% |
| Operating profit (loss) | 9901 | -€12,616 | -€52,700 | -€40,084 | -318% |
| Financial income | 75/76B | €3,188,445 | €1,820,446 | -€1.4m | -42.9% |
| Recurring financial income | 75 | €3,188,445 | €1,820,446 | -€1.4m | -42.9% |
| Financial charges | 65/66B | €23,326 | €9,618 | -€13,708 | -58.8% |
| Recurring financial charges | 65 | €23,326 | €9,618 | -€13,708 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | €3,152,503 | €1,758,128 | -€1.4m | -44.2% |
| Income taxes | 67/77 | €354,063 | €154,512 | -€199,551 | -56.4% |
| Profit (loss) for the period | 9904 | €2,798,440 | €1,603,616 | -€1.2m | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,798,440 | €1,603,616 | -€1.2m | -42.7% |
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 13 October 2026 via checked.be.