ADEMICO SOFTWARE: 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.
ADEMICO SOFTWARE
Largest movements
- Receivables after one year -€60,000
no longer reported in 2025 (was €60,000)
- Cash +€41,712
up €41,712 (+38.2%), from €109,139 to €150,852
mainly Net result for the year (+€75,337) and Receivables after one year (+€60,000)
- Receivables within one year -€38,250
down €38,250 (-25.1%), from €152,217 to €113,967
of which Trade receivables: -€49,796
- Tangible fixed assets -€9,086
down €9,086 (-22.4%), from €40,556 to €31,470
of which Plant, machinery and equipment: -€11,552
- Reserves -€30,412
down €30,412 (-9.5%), from €318,928 to €288,516
of which Distributable reserves: -€30,412
- Trade debts -€25,860
down €25,860 (-46.9%), from €55,193 to €29,334
- Tax, wage and social debts -€6,572
down €6,572 (-13.5%), from €48,793 to €42,221
- Gross operating margin -€38,784
down €38,784 (-23.6%), from €164,563 to €125,779
- Taxes -€13,578
down €13,578 (-27.2%), from €49,881 to €36,303
- Depreciation -€2,767
down €2,767 (-17.6%), from €15,694 to €12,928
- Other operating charges -€1,873
down €1,873 (-82.4%), from €2,273 to €400
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 | €474,832 | €409,208 | -€65,624 | -13.8% |
| Fixed assets | 21/28 | €40,556 | €31,470 | -€9,086 | -22.4% |
| Tangible fixed assets | 22/27 | €40,556 | €31,470 | -€9,086 | -22.4% |
| Plant, machinery and equipment | 23 | €40,556 | €29,004 | -€11,552 | -28.5% |
| Furniture and vehicles | 24 | - | €2,466 | +€2,466 | |
| Current assets | 29/58 | €434,276 | €377,738 | -€56,538 | -13.0% |
| Amounts receivable after more than one year | 29 | €60,000 | - | -€60,000 | |
| Other amounts receivable | 291 | €60,000 | - | -€60,000 | |
| Amounts receivable within one year | 40/41 | €152,217 | €113,967 | -€38,250 | -25.1% |
| Trade receivables | 40 | €151,819 | €102,023 | -€49,796 | -32.8% |
| Other amounts receivable | 41 | €397 | €11,944 | +€11,546 | +2905.2% |
| Current investments | 50/53 | €112,920 | €112,920 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €109,139 | €150,852 | +€41,712 | +38.2% |
| Total equity and liabilities | 10/49 | €474,832 | €409,208 | -€65,624 | -13.8% |
| Equity | 10/15 | €368,065 | €337,654 | -€30,412 | -8.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €318,928 | €288,516 | -€30,412 | -9.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €317,068 | €286,656 | -€30,412 | -9.6% |
| Profit (loss) carried forward | 14 | €36,737 | €36,738 | +€0 | 0.0% |
| Amounts payable | 17/49 | €106,766 | €71,554 | -€35,212 | -33.0% |
| Amounts payable within one year | 42/48 | €106,766 | €71,554 | -€35,212 | -33.0% |
| Trade debts | 44 | €55,193 | €29,334 | -€25,860 | -46.9% |
| Suppliers | 440/4 | €55,193 | €29,334 | -€25,860 | -46.9% |
| Taxes, remuneration and social security | 45 | €48,793 | €42,221 | -€6,572 | -13.5% |
| Taxes | 450/3 | €48,793 | €42,221 | -€6,572 | -13.5% |
| Other amounts payable | 47/48 | €2,780 | - | -€2,780 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,694 | €12,928 | -€2,767 | -17.6% |
| Other operating charges | 640/8 | €2,273 | €400 | -€1,873 | -82.4% |
| Gross operating margin | 9900 | €164,563 | €125,779 | -€38,784 | -23.6% |
| Operating profit (loss) | 9901 | €146,596 | €112,451 | -€34,144 | -23.3% |
| Financial income | 75/76B | €44 | €32 | -€12 | -27.7% |
| Recurring financial income | 75 | €44 | €32 | -€12 | -27.7% |
| Financial charges | 65/66B | €314 | €844 | +€529 | +168.5% |
| Recurring financial charges | 65 | €314 | €844 | +€529 | +168.5% |
| Profit (loss) for the period before taxes | 9903 | €146,326 | €111,640 | -€34,686 | -23.7% |
| Income taxes | 67/77 | €49,881 | €36,303 | -€13,578 | -27.2% |
| Profit (loss) for the period | 9904 | €96,445 | €75,337 | -€21,108 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,445 | €75,337 | -€21,108 | -21.9% |
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 10 October 2026 via checked.be.