ADM-Metal: 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.
ADM-Metal
Largest movements
- Cash +€132,935
up €132,935 (+258.5%), from €51,419 to €184,354
mainly Trade debts (+€104,638) and Net result for the year (+€90,478)
- Receivables within one year +€102,050
up €102,050 (+21.4%), from €477,029 to €579,080
of which Other amounts receivable: +€102,050
- Tangible fixed assets -€30,130
down €30,130 (-1.4%), from €2.1m to €2.1m
of which Land and buildings: -€23,375
- Trade debts +€104,638
up €104,638 (+30.4%), from €344,354 to €448,993
- Reserves +€90,478
up €90,478 (+17.0%), from €532,306 to €622,784
of which Distributable reserves: +€90,478
- Gross operating margin +€62,125
up €62,125 (+33.9%), from €183,207 to €245,332
- Taxes +€18,567
up €18,567 (+107.2%), from €17,320 to €35,887
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 | €2,631,477 | €2,849,806 | +€218,329 | +8.3% |
| Fixed assets | 21/28 | €2,089,526 | €2,059,396 | -€30,130 | -1.4% |
| Tangible fixed assets | 22/27 | €2,089,526 | €2,059,396 | -€30,130 | -1.4% |
| Land and buildings | 22 | €2,076,883 | €2,053,508 | -€23,375 | -1.1% |
| Furniture and vehicles | 24 | €12,643 | €5,888 | -€6,755 | -53.4% |
| Current assets | 29/58 | €541,951 | €790,409 | +€248,458 | +45.8% |
| Stocks and contracts in progress | 3 | €0 | €24,290 | +€24,290 | |
| Stocks | 30/36 | €0 | €24,290 | +€24,290 | |
| Amounts receivable within one year | 40/41 | €477,029 | €579,080 | +€102,050 | +21.4% |
| Trade receivables | 40 | €222,428 | €222,428 | = | 0.0% |
| Other amounts receivable | 41 | €254,601 | €356,652 | +€102,050 | +40.1% |
| Cash at bank and in hand | 54/58 | €51,419 | €184,354 | +€132,935 | +258.5% |
| Deferred charges and accrued income | 490/1 | €13,503 | €2,685 | -€10,817 | -80.1% |
| Total equity and liabilities | 10/49 | €2,631,477 | €2,849,806 | +€218,329 | +8.3% |
| Equity | 10/15 | €1,517,306 | €1,607,784 | +€90,478 | +6.0% |
| Contributions | 10/11 | €985,000 | €985,000 | = | 0.0% |
| Capital | 10 | €985,000 | €985,000 | = | 0.0% |
| Issued capital | 100 | €985,000 | €985,000 | = | 0.0% |
| Reserves | 13 | €532,306 | €622,784 | +€90,478 | +17.0% |
| Non-distributable reserves | 130/1 | €98,500 | €98,500 | = | 0.0% |
| Legal reserve | 130 | €98,500 | €98,500 | = | 0.0% |
| Distributable reserves | 133 | €433,806 | €524,284 | +€90,478 | +20.9% |
| Amounts payable | 17/49 | €1,114,171 | €1,242,022 | +€127,851 | +11.5% |
| Amounts payable after more than one year | 17 | €700,000 | €700,000 | = | 0.0% |
| Financial debts | 170/4 | €700,000 | €700,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €410,200 | €537,484 | +€127,284 | +31.0% |
| Trade debts | 44 | €344,354 | €448,993 | +€104,638 | +30.4% |
| Suppliers | 440/4 | €344,354 | €448,993 | +€104,638 | +30.4% |
| Taxes, remuneration and social security | 45 | €11,603 | €19,095 | +€7,492 | +64.6% |
| Taxes | 450/3 | €2,445 | €11,403 | +€8,958 | +366.3% |
| Remuneration and social security | 454/9 | €9,158 | €7,692 | -€1,466 | -16.0% |
| Other amounts payable | 47/48 | €54,242 | €69,395 | +€15,153 | +27.9% |
| Accrued charges and deferred income | 492/3 | €3,971 | €4,538 | +€567 | +14.3% |
| Remuneration, social security and pensions | 62 | €49,393 | €47,615 | -€1,778 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,130 | €30,130 | -€0 | 0.0% |
| Other operating charges | 640/8 | €21,043 | €22,805 | +€1,762 | +8.4% |
| Gross operating margin | 9900 | €183,207 | €245,332 | +€62,125 | +33.9% |
| Operating profit (loss) | 9901 | €82,641 | €144,782 | +€62,141 | +75.2% |
| Financial charges | 65/66B | €20,160 | €18,417 | -€1,743 | -8.6% |
| Recurring financial charges | 65 | €20,160 | €18,417 | -€1,743 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €62,481 | €126,365 | +€63,885 | +102.2% |
| Income taxes | 67/77 | €17,320 | €35,887 | +€18,567 | +107.2% |
| Profit (loss) for the period | 9904 | €45,161 | €90,478 | +€45,317 | +100.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,161 | €90,478 | +€45,317 | +100.3% |
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 3 October 2026 via checked.be.