ADEMIL: 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.
ADEMIL
Largest movements
- Cash -€38,812
down €38,812 (-23.7%), from €163,489 to €124,677
mainly Contributions, distributions and other (-€123,139) and Tax, wage and social debts (-€24,203)
- Tax, wage and social debts -€24,203
down €24,203 (-40.3%), from €60,087 to €35,884
- Other debts -€13,550
down €13,550 (-11.3%), from €119,993 to €106,443
- Taxes +€13,552
up €13,552 (+31.1%), from €43,622 to €57,174
- Gross operating margin -€6,681
down €6,681 (-3.6%), from €187,132 to €180,451
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 | €235,821 | €196,723 | -€39,099 | -16.6% |
| Fixed assets | 21/28 | €1,127 | €694 | -€433 | -38.4% |
| Tangible fixed assets | 22/27 | €1,127 | €694 | -€433 | -38.4% |
| Furniture and vehicles | 24 | €1,127 | €694 | -€433 | -38.4% |
| Current assets | 29/58 | €234,694 | €196,029 | -€38,665 | -16.5% |
| Amounts receivable within one year | 40/41 | €71,205 | €71,352 | +€147 | +0.2% |
| Trade receivables | 40 | €71,205 | €71,352 | +€147 | +0.2% |
| Cash at bank and in hand | 54/58 | €163,489 | €124,677 | -€38,812 | -23.7% |
| Total equity and liabilities | 10/49 | €235,821 | €196,723 | -€39,099 | -16.6% |
| Equity | 10/15 | €54,344 | €54,344 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €52,344 | €52,344 | = | 0.0% |
| Distributable reserves | 133 | €52,344 | €52,344 | = | 0.0% |
| Amounts payable | 17/49 | €181,478 | €142,379 | -€39,099 | -21.5% |
| Amounts payable within one year | 42/48 | €181,478 | €142,379 | -€39,099 | -21.5% |
| Trade debts | 44 | €1,397 | €52 | -€1,345 | -96.3% |
| Suppliers | 440/4 | €1,397 | €52 | -€1,345 | -96.3% |
| Taxes, remuneration and social security | 45 | €60,087 | €35,884 | -€24,203 | -40.3% |
| Taxes | 450/3 | €60,087 | €35,884 | -€24,203 | -40.3% |
| Other amounts payable | 47/48 | €119,993 | €106,443 | -€13,550 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173 | €433 | +€260 | +150.7% |
| Other operating charges | 640/8 | €525 | €463 | -€62 | -11.9% |
| Gross operating margin | 9900 | €187,132 | €180,451 | -€6,681 | -3.6% |
| Operating profit (loss) | 9901 | €186,434 | €179,555 | -€6,879 | -3.7% |
| Financial income | 75/76B | €675 | €866 | +€191 | +28.3% |
| Recurring financial income | 75 | €675 | €866 | +€191 | +28.3% |
| Financial charges | 65/66B | €259 | €108 | -€151 | -58.2% |
| Recurring financial charges | 65 | €259 | €108 | -€151 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €186,850 | €180,313 | -€6,537 | -3.5% |
| Income taxes | 67/77 | €43,622 | €57,174 | +€13,552 | +31.1% |
| Profit (loss) for the period | 9904 | €143,228 | €123,139 | -€20,089 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €143,228 | €123,139 | -€20,089 | -14.0% |
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 7 October 2026 via checked.be.