ADM TRADING: 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 TRADING
Largest movements
- Receivables within one year +€50,868
up €50,868 (+36.2%), from €140,335 to €191,203
of which Other amounts receivable: +€32,093
- Tangible fixed assets +€9,612
new in 2025: €9,612
of which Furniture and vehicles: +€7,133
- Cash -€4,772
down €4,772 (-25.8%), from €18,516 to €13,744
mainly Receivables within one year (-€50,868) and Investment in fixed assets (net) (-€13,821)
- Profit (loss) carried forward +€28,225
up €28,225 (+21.9%), from €129,092 to €157,317
- Trade debts +€26,466
up €26,466 (+53.7%), from €49,307 to €75,773
- Gross operating margin -€50,948
down €50,948 (-39.0%), from €130,634 to €79,686
- Taxes -€15,145
down €15,145 (-61.0%), from €24,838 to €9,693
- Financial income +€3,619
up €3,619 (+115%), from €3,154 to €6,773
of which Financial income: +€2,632
- Depreciation +€3,161
up €3,161 (+302%), from €1,048 to €4,209
- Other operating charges +€2,343
new in 2025: €2,343
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 | €248,654 | €304,057 | +€55,403 | +22.3% |
| Fixed assets | 21/28 | - | €9,612 | +€9,612 | |
| Tangible fixed assets | 22/27 | - | €9,612 | +€9,612 | |
| Plant, machinery and equipment | 23 | - | €2,479 | +€2,479 | |
| Furniture and vehicles | 24 | - | €7,133 | +€7,133 | |
| Current assets | 29/58 | €248,654 | €294,445 | +€45,791 | +18.4% |
| Stocks and contracts in progress | 3 | €89,803 | €89,498 | -€305 | -0.3% |
| Stocks | 30/36 | €89,803 | €89,498 | -€305 | -0.3% |
| Amounts receivable within one year | 40/41 | €140,335 | €191,203 | +€50,868 | +36.2% |
| Trade receivables | 40 | €56,390 | €75,165 | +€18,775 | +33.3% |
| Other amounts receivable | 41 | €83,945 | €116,038 | +€32,093 | +38.2% |
| Cash at bank and in hand | 54/58 | €18,516 | €13,744 | -€4,772 | -25.8% |
| Total equity and liabilities | 10/49 | €248,654 | €304,057 | +€55,403 | +22.3% |
| Equity | 10/15 | €159,092 | €187,317 | +€28,225 | +17.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,092 | €157,317 | +€28,225 | +21.9% |
| Amounts payable | 17/49 | €89,562 | €116,740 | +€27,178 | +30.3% |
| Amounts payable within one year | 42/48 | €89,562 | €116,740 | +€27,178 | +30.3% |
| Trade debts | 44 | €49,307 | €75,773 | +€26,466 | +53.7% |
| Suppliers | 440/4 | €49,307 | €75,773 | +€26,466 | +53.7% |
| Taxes, remuneration and social security | 45 | €39,250 | €39,349 | +€99 | +0.3% |
| Taxes | 450/3 | €32,710 | €32,371 | -€339 | -1.0% |
| Remuneration and social security | 454/9 | €6,540 | €6,978 | +€438 | +6.7% |
| Other amounts payable | 47/48 | €1,005 | €1,618 | +€613 | +61.0% |
| Remuneration, social security and pensions | 62 | €40,778 | €41,444 | +€666 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,048 | €4,209 | +€3,161 | +302% |
| Other operating charges | 640/8 | - | €2,343 | +€2,343 | |
| Gross operating margin | 9900 | €130,634 | €79,686 | -€50,948 | -39.0% |
| Operating profit (loss) | 9901 | €88,808 | €31,690 | -€57,118 | -64.3% |
| Financial income | 75/76B | €3,154 | €6,773 | +€3,619 | +115% |
| Recurring financial income | 75 | €2,437 | €5,069 | +€2,632 | +108% |
| Non-recurring financial income | 76B | €717 | €1,704 | +€987 | +138% |
| Financial charges | 65/66B | €134 | €545 | +€411 | +307% |
| Recurring financial charges | 65 | €134 | €545 | +€411 | +307% |
| Profit (loss) for the period before taxes | 9903 | €91,828 | €37,918 | -€53,910 | -58.7% |
| Income taxes | 67/77 | €24,838 | €9,693 | -€15,145 | -61.0% |
| Profit (loss) for the period | 9904 | €66,990 | €28,225 | -€38,765 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,990 | €28,225 | -€38,765 | -57.9% |
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 16 October 2026 via checked.be.