ADIGIM: 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.
ADIGIM
Largest movements
- Cash +€75,578
up €75,578 (+33.0%), from €229,323 to €304,902
mainly Other debts (+€249,361) and Net result for the year (+€50,893)
- Tangible fixed assets -€39,711
down €39,711 (-12.4%), from €319,353 to €279,642
of which Furniture and vehicles: -€21,525
- Receivables within one year -€31,596
down €31,596 (-50.5%), from €62,514 to €30,918
of which Other amounts receivable: -€53,830
- Other debts +€249,361
up €249,361 (+4102.3%), from €6,079 to €255,439
- Reserves -€213,263
down €213,263 (-40.4%), from €528,442 to €315,179
of which Distributable reserves: -€207,868
- Tax, wage and social debts -€17,046
down €17,046 (-30.1%), from €56,555 to €39,509
- Current portion of long-term debt -€15,644
down €15,644 (-100.0%), from €15,644 to €0
- Gross operating margin +€30,729
up €30,729 (+31.3%), from €98,297 to €129,026
- Purchases and services -€20,327
down €20,327 (-15.4%), from €132,005 to €111,678
- Turnover +€17,000
up €17,000 (+7.8%), from €217,600 to €234,600
- Taxes +€9,017
up €9,017 (+49.8%), from €18,115 to €27,133
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 | €615,468 | €619,039 | +€3,571 | +0.6% |
| Fixed assets | 21/28 | €319,353 | €279,642 | -€39,711 | -12.4% |
| Tangible fixed assets | 22/27 | €319,353 | €279,642 | -€39,711 | -12.4% |
| Land and buildings | 22 | €239,634 | €225,445 | -€14,189 | -5.9% |
| Plant, machinery and equipment | 23 | €33,649 | €29,652 | -€3,997 | -11.9% |
| Furniture and vehicles | 24 | €46,070 | €24,546 | -€21,525 | -46.7% |
| Current assets | 29/58 | €296,115 | €339,396 | +€43,281 | +14.6% |
| Amounts receivable within one year | 40/41 | €62,514 | €30,918 | -€31,596 | -50.5% |
| Trade receivables | 40 | - | €22,234 | +€22,234 | |
| Other amounts receivable | 41 | €62,514 | €8,684 | -€53,830 | -86.1% |
| Cash at bank and in hand | 54/58 | €229,323 | €304,902 | +€75,578 | +33.0% |
| Deferred charges and accrued income | 490/1 | €4,278 | €3,576 | -€701 | -16.4% |
| Total equity and liabilities | 10/49 | €615,468 | €619,039 | +€3,571 | +0.6% |
| Equity | 10/15 | €535,122 | €321,859 | -€213,263 | -39.9% |
| Contributions | 10/11 | €6,680 | €6,680 | = | 0.0% |
| Reserves | 13 | €528,442 | €315,179 | -€213,263 | -40.4% |
| Tax-exempt reserves | 132 | €5,395 | €0 | -€5,395 | -100.0% |
| Distributable reserves | 133 | €523,046 | €315,179 | -€207,868 | -39.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,346 | €297,180 | +€216,834 | +269.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €80,346 | €297,180 | +€216,834 | +269.9% |
| Current portion of amounts payable after more than one year | 42 | €15,644 | €0 | -€15,644 | -100.0% |
| Trade debts | 44 | €2,068 | €2,232 | +€163 | +7.9% |
| Suppliers | 440/4 | €2,068 | €2,232 | +€163 | +7.9% |
| Taxes, remuneration and social security | 45 | €56,555 | €39,509 | -€17,046 | -30.1% |
| Taxes | 450/3 | €56,555 | €39,509 | -€17,046 | -30.1% |
| Other amounts payable | 47/48 | €6,079 | €255,439 | +€249,361 | +4102.3% |
| Turnover | 70 | €217,600 | €234,600 | +€17,000 | +7.8% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €132,005 | €111,678 | -€20,327 | -15.4% |
| Remuneration, social security and pensions | 62 | - | €47 | +€47 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,532 | €42,230 | -€302 | -0.7% |
| Other operating charges | 640/8 | €7,696 | €8,403 | +€707 | +9.2% |
| Gross operating margin | 9900 | €98,297 | €129,026 | +€30,729 | +31.3% |
| Operating profit (loss) | 9901 | €48,069 | €78,346 | +€30,277 | +63.0% |
| Financial income | 75/76B | €663 | €7 | -€656 | -98.9% |
| Recurring financial income | 75 | €663 | €7 | -€656 | -98.9% |
| Financial charges | 65/66B | €570 | €327 | -€243 | -42.6% |
| Recurring financial charges | 65 | €570 | €327 | -€243 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €48,163 | €78,026 | +€29,863 | +62.0% |
| Income taxes | 67/77 | €18,115 | €27,133 | +€9,017 | +49.8% |
| Profit (loss) for the period | 9904 | €30,047 | €50,893 | +€20,846 | +69.4% |
| Transfer from tax-exempt reserves | 789 | - | €5,395 | +€5,395 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,047 | €56,288 | +€26,241 | +87.3% |
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 9 October 2026 via checked.be.