ADEMIA: 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.
ADEMIA
Largest movements
- Cash +€86,508
up €86,508 (+116%), from €74,370 to €160,879
mainly Net result for the year (+€80,778) and Depreciation (+€21,662)
- Tangible fixed assets -€21,662
down €21,662 (-26.4%), from €82,013 to €60,351
of which Furniture and vehicles: -€21,063
- Receivables within one year +€15,594
up €15,594 (+205%), from €7,618 to €23,213
of which Trade receivables: +€14,520
- Profit (loss) carried forward +€80,778
up €80,778 (+55.0%), from €146,960 to €227,738
- Tax, wage and social debts +€7,156
new in 2025: €7,156
- Trade debts -€6,979
down €6,979 (-85.2%), from €8,192 to €1,213
No income-statement line moved by more than 1% of the activity.
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €166,356 | €246,825 | +€80,469 | +48.4% |
| Fixed assets | 21/28 | €82,013 | €60,351 | -€21,662 | -26.4% |
| Tangible fixed assets | 22/27 | €82,013 | €60,351 | -€21,662 | -26.4% |
| Plant, machinery and equipment | 23 | €2,391 | €1,792 | -€599 | -25.0% |
| Furniture and vehicles | 24 | €79,623 | €58,559 | -€21,063 | -26.5% |
| Current assets | 29/58 | €84,343 | €186,474 | +€102,131 | +121% |
| Amounts receivable within one year | 40/41 | €7,618 | €23,213 | +€15,594 | +205% |
| Trade receivables | 40 | - | €14,520 | +€14,520 | |
| Other amounts receivable | 41 | €7,618 | €8,693 | +€1,074 | +14.1% |
| Cash at bank and in hand | 54/58 | €74,370 | €160,879 | +€86,508 | +116% |
| Deferred charges and accrued income | 490/1 | €2,354 | €2,382 | +€28 | +1.2% |
| Total equity and liabilities | 10/49 | €166,356 | €246,825 | +€80,469 | +48.4% |
| Equity | 10/15 | €156,960 | €237,738 | +€80,778 | +51.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,960 | €227,738 | +€80,778 | +55.0% |
| Amounts payable | 17/49 | €9,397 | €9,087 | -€310 | -3.3% |
| Amounts payable within one year | 42/48 | €8,192 | €8,369 | +€177 | +2.2% |
| Trade debts | 44 | €8,192 | €1,213 | -€6,979 | -85.2% |
| Suppliers | 440/4 | €8,192 | €1,213 | -€6,979 | -85.2% |
| Taxes, remuneration and social security | 45 | - | €7,156 | +€7,156 | |
| Taxes | 450/3 | - | €7,156 | +€7,156 | |
| Accrued charges and deferred income | 492/3 | €1,205 | €718 | -€486 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,662 | €21,662 | = | 0.0% |
| Other operating charges | 640/8 | €185 | €549 | +€364 | +197% |
| Gross operating margin | 9900 | €122,938 | €123,817 | +€879 | +0.7% |
| Operating profit (loss) | 9901 | €101,091 | €101,606 | +€515 | +0.5% |
| Financial charges | 65/66B | €892 | €40 | -€851 | -95.5% |
| Recurring financial charges | 65 | €892 | €40 | -€851 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | €100,199 | €101,565 | +€1,366 | +1.4% |
| Income taxes | 67/77 | €20,472 | €20,787 | +€315 | +1.5% |
| Profit (loss) for the period | 9904 | €79,727 | €80,778 | +€1,051 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €79,727 | €80,778 | +€1,051 | +1.3% |
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 18 October 2026 via checked.be.