ADM’N: 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.
ADM’N
Largest movements
- Receivables within one year -€6,892
down €6,892 (-68.5%), from €10,065 to €3,173
of which Trade receivables: -€6,893
- Cash -€6,454
down €6,454 (-53.7%), from €12,011 to €5,557
mainly Net result for the year (-€12,279) and Investment in fixed assets (net) (-€1,689)
- Tangible fixed assets +€1,408
new in 2025: €1,408
- Profit (loss) carried forward -€12,279
down €12,279, from €3,749 to -€8,530
- Other debts +€538
up €538 (+15.9%), from €3,380 to €3,918
- Gross operating margin -€24,094
down €24,094, from €14,684 to -€9,410
- Staff costs -€5,176
no longer reported in 2025 (was €5,176)
- Taxes -€2,595
down €2,595 (-95.4%), from €2,719 to €124
- Depreciation -€1,092
down €1,092 (-79.5%), from €1,373 to €281
- Other operating charges +€770
up €770 (+79.5%), from €969 to €1,739
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.
Derived cash bridge
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 | €22,303 | €10,365 | -€11,938 | -53.5% |
| Fixed assets | 21/28 | €227 | €1,635 | +€1,408 | +620% |
| Tangible fixed assets | 22/27 | - | €1,408 | +€1,408 | |
| Furniture and vehicles | 24 | - | €1,408 | +€1,408 | |
| Financial fixed assets | 28 | €227 | €227 | = | 0.0% |
| Current assets | 29/58 | €22,076 | €8,730 | -€13,346 | -60.5% |
| Amounts receivable within one year | 40/41 | €10,065 | €3,173 | -€6,892 | -68.5% |
| Trade receivables | 40 | €10,065 | €3,172 | -€6,893 | -68.5% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €12,011 | €5,557 | -€6,454 | -53.7% |
| Total equity and liabilities | 10/49 | €22,303 | €10,365 | -€11,938 | -53.5% |
| Equity | 10/15 | €5,249 | -€7,030 | -€12,279 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,749 | -€8,530 | -€12,279 | |
| Amounts payable | 17/49 | €17,054 | €17,395 | +€341 | +2.0% |
| Amounts payable within one year | 42/48 | €17,054 | €17,395 | +€341 | +2.0% |
| Trade debts | 44 | €1,213 | €1,149 | -€64 | -5.3% |
| Suppliers | 440/4 | €1,213 | €1,149 | -€64 | -5.3% |
| Taxes, remuneration and social security | 45 | €12,461 | €12,328 | -€133 | -1.1% |
| Taxes | 450/3 | €10,544 | €7,928 | -€2,616 | -24.8% |
| Remuneration and social security | 454/9 | €1,917 | €4,400 | +€2,483 | +130% |
| Other amounts payable | 47/48 | €3,380 | €3,918 | +€538 | +15.9% |
| Remuneration, social security and pensions | 62 | €5,176 | - | -€5,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,373 | €281 | -€1,092 | -79.5% |
| Other operating charges | 640/8 | €969 | €1,739 | +€770 | +79.5% |
| Gross operating margin | 9900 | €14,684 | -€9,410 | -€24,094 | |
| Operating profit (loss) | 9901 | €7,166 | -€11,430 | -€18,596 | |
| Financial income | 75/76B | €2 | €12 | +€10 | +500% |
| Recurring financial income | 75 | €2 | €12 | +€10 | +500% |
| Financial charges | 65/66B | €65 | €737 | +€672 | +1,034% |
| Recurring financial charges | 65 | €65 | €737 | +€672 | +1,034% |
| Profit (loss) for the period before taxes | 9903 | €7,103 | -€12,155 | -€19,258 | |
| Income taxes | 67/77 | €2,719 | €124 | -€2,595 | -95.4% |
| Profit (loss) for the period | 9904 | €4,384 | -€12,279 | -€16,663 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,384 | -€12,279 | -€16,663 |
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 20 October 2026 via checked.be.