ADEMIMMO: 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.
ADEMIMMO
Largest movements
- Tangible fixed assets -€7,412
down €7,412 (-8.1%), from €91,665 to €84,253
of which Land and buildings: -€5,272
- Cash +€4,679
up €4,679 (+3.0%), from €155,969 to €160,648
mainly Depreciation (+€7,412) and Other debts (+€3,024)
- Tax, wage and social debts -€5,023
down €5,023 (-89.6%), from €5,609 to €586
- Gross operating margin +€1,572
up €1,572 (+13.9%), from €11,277 to €12,849
- Depreciation +€497
up €497 (+7.2%), from €6,915 to €7,412
- Taxes -€472
down €472, from €236 to -€236
- Other operating charges +€210
up €210 (+3.1%), from €6,770 to €6,980
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 | €350,226 | €348,074 | -€2,153 | -0.6% |
| Fixed assets | 21/28 | €91,665 | €84,253 | -€7,412 | -8.1% |
| Tangible fixed assets | 22/27 | €91,665 | €84,253 | -€7,412 | -8.1% |
| Land and buildings | 22 | €76,009 | €70,737 | -€5,272 | -6.9% |
| Other tangible fixed assets | 26 | €15,656 | €13,516 | -€2,140 | -13.7% |
| Current assets | 29/58 | €258,561 | €263,821 | +€5,260 | +2.0% |
| Stocks and contracts in progress | 3 | €101,109 | €101,109 | = | 0.0% |
| Stocks | 30/36 | €101,109 | €101,109 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,100 | €1,571 | +€471 | +42.8% |
| Other amounts receivable | 41 | €1,100 | €1,571 | +€471 | +42.8% |
| Cash at bank and in hand | 54/58 | €155,969 | €160,648 | +€4,679 | +3.0% |
| Deferred charges and accrued income | 490/1 | €384 | €494 | +€110 | +28.6% |
| Total equity and liabilities | 10/49 | €350,226 | €348,074 | -€2,153 | -0.6% |
| Equity | 10/15 | €298,924 | €297,335 | -€1,589 | -0.5% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €135,257 | €135,257 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,692 | €8,692 | = | 0.0% |
| Legal reserve | 130 | €8,692 | €8,692 | = | 0.0% |
| Distributable reserves | 133 | €126,565 | €126,565 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,667 | €37,078 | -€1,589 | -4.1% |
| Amounts payable | 17/49 | €51,302 | €50,739 | -€563 | -1.1% |
| Amounts payable after more than one year | 17 | €19,240 | €19,240 | = | 0.0% |
| Other amounts payable | 178/9 | €19,240 | €19,240 | = | 0.0% |
| Amounts payable within one year | 42/48 | €32,062 | €31,499 | -€563 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €7,500 | +€500 | +7.1% |
| Trade debts | 44 | €15,238 | €16,101 | +€863 | +5.7% |
| Suppliers | 440/4 | €15,238 | €16,101 | +€863 | +5.7% |
| Advances received on contracts in progress | 46 | €804 | €877 | +€73 | +9.0% |
| Taxes, remuneration and social security | 45 | €5,609 | €586 | -€5,023 | -89.6% |
| Taxes | 450/3 | €5,609 | €586 | -€5,023 | -89.6% |
| Other amounts payable | 47/48 | €3,412 | €6,436 | +€3,024 | +88.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,915 | €7,412 | +€497 | +7.2% |
| Other operating charges | 640/8 | €6,770 | €6,980 | +€210 | +3.1% |
| Gross operating margin | 9900 | €11,277 | €12,849 | +€1,572 | +13.9% |
| Operating profit (loss) | 9901 | -€2,408 | -€1,544 | +€864 | +35.9% |
| Financial income | 75/76B | €787 | €783 | -€4 | -0.5% |
| Recurring financial income | 75 | €787 | €783 | -€4 | -0.5% |
| Financial charges | 65/66B | €1,078 | €1,064 | -€13 | -1.2% |
| Recurring financial charges | 65 | €1,078 | €1,064 | -€13 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,699 | -€1,825 | +€874 | +32.4% |
| Income taxes | 67/77 | €236 | -€236 | -€472 | |
| Profit (loss) for the period | 9904 | -€2,935 | -€1,589 | +€1,346 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,935 | -€1,589 | +€1,346 | +45.9% |
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 3 October 2026 via checked.be.