ADIMO: 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.
ADIMO
Largest movements
- Tangible fixed assets -€712,610
down €712,610 (-6.4%), from €11.1m to €10.4m
of which Land and buildings: -€695,999
- Cash +€275,446
up €275,446 (+129.4%), from €212,819 to €488,265
mainly Depreciation (+€870,980) and Deferred charges and accrued income (+€99,996)
- Profit (loss) carried forward -€471,486
down €471,486 (-84.6%), from -€556,988 to -€1.0m
- Other debts -€144,583
down €144,583 (-1.5%), from €9.9m to €9.8m
- Depreciation +€287,997
up €287,997 (+49.4%), from €582,983 to €870,980
- Gross operating margin +€114,160
up €114,160 (+13.3%), from €858,555 to €972,715
- Financial charges +€54,299
up €54,299 (+12.9%), from €420,971 to €475,271
- Other operating charges +€37,595
up €37,595 (+62.3%), from €60,388 to €97,983
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 | €11,766,626 | €11,094,332 | -€672,293 | -5.7% |
| Fixed assets | 21/28 | €11,364,551 | €10,606,041 | -€758,510 | -6.7% |
| Intangible fixed assets | 21 | €256,209 | €200,309 | -€55,900 | -21.8% |
| Tangible fixed assets | 22/27 | €11,108,342 | €10,395,732 | -€712,610 | -6.4% |
| Land and buildings | 22 | €10,800,179 | €10,104,180 | -€695,999 | -6.4% |
| Plant, machinery and equipment | 23 | €308,163 | €280,110 | -€28,054 | -9.1% |
| Other tangible fixed assets | 26 | - | €11,443 | +€11,443 | |
| Financial fixed assets | 28 | €0 | €10,000 | +€10,000 | |
| Current assets | 29/58 | €402,075 | €488,291 | +€86,217 | +21.4% |
| Amounts receivable within one year | 40/41 | €89,260 | €26 | -€89,234 | -100.0% |
| Other amounts receivable | 41 | €89,260 | €26 | -€89,234 | -100.0% |
| Cash at bank and in hand | 54/58 | €212,819 | €488,265 | +€275,446 | +129.4% |
| Deferred charges and accrued income | 490/1 | €99,996 | €0 | -€99,996 | -100.0% |
| Total equity and liabilities | 10/49 | €11,766,626 | €11,094,332 | -€672,293 | -5.7% |
| Equity | 10/15 | €1,443,012 | €971,526 | -€471,486 | -32.7% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€556,988 | -€1,028,474 | -€471,486 | -84.6% |
| Amounts payable | 17/49 | €10,323,613 | €10,122,806 | -€200,808 | -1.9% |
| Amounts payable after more than one year | 17 | €262,057 | €236,232 | -€25,825 | -9.9% |
| Financial debts | 170/4 | €262,057 | €236,232 | -€25,825 | -9.9% |
| Amounts payable within one year | 42/48 | €10,030,930 | €9,861,276 | -€169,654 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €25,262 | €25,825 | +€563 | +2.2% |
| Financial debts | 43 | €9,962 | €0 | -€9,962 | -100.0% |
| Credit institutions | 430/8 | €9,962 | €0 | -€9,962 | -100.0% |
| Trade debts | 44 | €29,939 | €14,428 | -€15,511 | -51.8% |
| Suppliers | 440/4 | €29,939 | €14,428 | -€15,511 | -51.8% |
| Taxes, remuneration and social security | 45 | €27,338 | €27,179 | -€160 | -0.6% |
| Taxes | 450/3 | €27,338 | €27,179 | -€160 | -0.6% |
| Other amounts payable | 47/48 | €9,938,428 | €9,793,845 | -€144,583 | -1.5% |
| Accrued charges and deferred income | 492/3 | €30,627 | €25,298 | -€5,329 | -17.4% |
| Non-recurring operating income | 76A | €59,188 | €0 | -€59,188 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €582,983 | €870,980 | +€287,997 | +49.4% |
| Other operating charges | 640/8 | €60,388 | €97,983 | +€37,595 | +62.3% |
| Non-recurring operating charges | 66A | €1,559 | €0 | -€1,559 | -100.0% |
| Gross operating margin | 9900 | €858,555 | €972,715 | +€114,160 | +13.3% |
| Operating profit (loss) | 9901 | €213,625 | €3,752 | -€209,873 | -98.2% |
| Financial income | 75/76B | €0 | €33 | +€33 | +329800.0% |
| Recurring financial income | 75 | €0 | €33 | +€33 | +329800.0% |
| Financial charges | 65/66B | €420,971 | €475,271 | +€54,299 | +12.9% |
| Recurring financial charges | 65 | €420,971 | €475,271 | +€54,299 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | -€207,346 | -€471,486 | -€264,140 | -127.4% |
| Transfer from deferred taxes | 780 | €96,232 | €0 | -€96,232 | -100.0% |
| Profit (loss) for the period | 9904 | -€111,114 | -€471,486 | -€360,372 | -324.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€111,114 | -€471,486 | -€360,372 | -324.3% |
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.