ADEMIMO: 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.
ADEMIMO
Largest movements
- Cash +€15,511
up €15,511 (+91.6%), from €16,925 to €32,437
mainly Depreciation (+€11,945) and Net result for the year (+€9,176)
- Tangible fixed assets -€11,945
down €11,945 (-5.4%), from €221,655 to €209,710
- Debts after one year -€12,010
down €12,010 (-12.0%), from €100,331 to €88,321
of which Financial debts: -€11,209
- Reserves +€9,100
up €9,100 (+12.8%), from €71,350 to €80,450
- Accrued charges and deferred income +€3,778
up €3,778 (+20.7%), from €18,246 to €22,024
- Gross operating margin +€4,421
up €4,421 (+15.3%), from €28,954 to €33,375
- Provisions +€2,100
no longer reported in 2025 (was -€2,100)
- Financial charges -€1,621
down €1,621 (-24.0%), from €6,742 to €5,121
- Taxes +€1,332
up €1,332 (+45.2%), from €2,949 to €4,281
- Depreciation -€406
down €406 (-3.3%), from €12,351 to €11,945
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 | €248,478 | €252,871 | +€4,393 | +1.8% |
| Fixed assets | 21/28 | €221,655 | €209,710 | -€11,945 | -5.4% |
| Tangible fixed assets | 22/27 | €221,655 | €209,710 | -€11,945 | -5.4% |
| Land and buildings | 22 | €221,655 | €209,710 | -€11,945 | -5.4% |
| Current assets | 29/58 | €26,823 | €43,161 | +€16,338 | +60.9% |
| Amounts receivable within one year | 40/41 | €6,357 | €6,357 | = | 0.0% |
| Trade receivables | 40 | €6,300 | €6,300 | = | 0.0% |
| Other amounts receivable | 41 | €57 | €57 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,925 | €32,437 | +€15,511 | +91.6% |
| Deferred charges and accrued income | 490/1 | €3,541 | €4,367 | +€826 | +23.3% |
| Total equity and liabilities | 10/49 | €248,478 | €252,871 | +€4,393 | +1.8% |
| Equity | 10/15 | €89,965 | €99,142 | +€9,176 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,350 | €80,450 | +€9,100 | +12.8% |
| Distributable reserves | 133 | €71,350 | €80,450 | +€9,100 | +12.8% |
| Profit (loss) carried forward | 14 | €15 | €92 | +€76 | +500.1% |
| Provisions and deferred taxes | 16 | €18,400 | €18,400 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,400 | €18,400 | = | 0.0% |
| Major repairs and maintenance | 162 | - | €18,400 | +€18,400 | |
| Other liabilities and charges | 164/5 | €18,400 | - | -€18,400 | |
| Amounts payable | 17/49 | €140,113 | €135,329 | -€4,783 | -3.4% |
| Amounts payable after more than one year | 17 | €100,331 | €88,321 | -€12,010 | -12.0% |
| Financial debts | 170/4 | €98,330 | €87,121 | -€11,209 | -11.4% |
| Other amounts payable | 178/9 | €2,001 | €1,200 | -€801 | -40.0% |
| Amounts payable within one year | 42/48 | €21,536 | €24,985 | +€3,449 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €6,781 | €6,909 | +€128 | +1.9% |
| Trade debts | 44 | €4,717 | €6,697 | +€1,981 | +42.0% |
| Suppliers | 440/4 | €4,717 | €6,697 | +€1,981 | +42.0% |
| Taxes, remuneration and social security | 45 | €0 | €1,281 | +€1,281 | +426863.3% |
| Taxes | 450/3 | €0 | €1,281 | +€1,281 | +426863.3% |
| Other amounts payable | 47/48 | €10,037 | €10,097 | +€60 | +0.6% |
| Accrued charges and deferred income | 492/3 | €18,246 | €22,024 | +€3,778 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,351 | €11,945 | -€406 | -3.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,100 | - | +€2,100 | |
| Other operating charges | 640/8 | €2,841 | €2,852 | +€11 | +0.4% |
| Gross operating margin | 9900 | €28,954 | €33,375 | +€4,421 | +15.3% |
| Operating profit (loss) | 9901 | €15,861 | €18,578 | +€2,717 | +17.1% |
| Financial income | 75/76B | €130 | - | -€130 | |
| Recurring financial income | 75 | €130 | - | -€130 | |
| Financial charges | 65/66B | €6,742 | €5,121 | -€1,621 | -24.0% |
| Recurring financial charges | 65 | €6,742 | €5,121 | -€1,621 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €9,249 | €13,457 | +€4,208 | +45.5% |
| Income taxes | 67/77 | €2,949 | €4,281 | +€1,332 | +45.2% |
| Profit (loss) for the period | 9904 | €6,301 | €9,176 | +€2,876 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,301 | €9,176 | +€2,876 | +45.6% |
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 30 September 2026 via checked.be.