ADM TRANS: 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 TRANS
Largest movements
- Tangible fixed assets -€53,166
down €53,166 (-28.9%), from €183,894 to €130,728
of which Leasing and similar rights: -€47,880
- Cash -€31,185
down €31,185 (-53.7%), from €58,026 to €26,841
mainly Debts after one year (-€42,656) and Receivables within one year (-€28,690)
- Receivables within one year +€28,690
up €28,690 (+32.8%), from €87,353 to €116,043
of which Trade receivables: +€18,096
- Deferred charges and accrued income -€8,969
down €8,969 (-95.1%), from €9,433 to €464
- Debts after one year -€42,656
down €42,656 (-29.7%), from €143,824 to €101,168
- Other debts -€22,117
down €22,117 (-73.3%), from €30,190 to €8,073
- Tax, wage and social debts +€16,170
up €16,170 (+42.8%), from €37,807 to €53,977
of which Remuneration and social security: +€15,755
- Trade debts -€9,759
down €9,759 (-30.2%), from €32,285 to €22,526
- Profit (loss) carried forward -€6,854
down €6,854 (-19.8%), from €34,627 to €27,773
- Staff costs +€65,850
up €65,850 (+65.6%), from €100,365 to €166,215
- Taxes -€7,802
down €7,802 (-83.1%), from €9,392 to €1,590
- Gross operating margin +€7,434
up €7,434 (+3.4%), from €220,461 to €227,895
- Depreciation -€3,204
down €3,204 (-5.7%), from €56,370 to €53,166
- Financial charges +€2,946
up €2,946 (+28.6%), from €10,317 to €13,263
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 | €352,841 | €288,211 | -€64,630 | -18.3% |
| Fixed assets | 21/28 | €198,029 | €144,863 | -€53,166 | -26.8% |
| Tangible fixed assets | 22/27 | €183,894 | €130,728 | -€53,166 | -28.9% |
| Furniture and vehicles | 24 | €13,078 | €7,792 | -€5,286 | -40.4% |
| Leasing and similar rights | 25 | €170,816 | €122,936 | -€47,880 | -28.0% |
| Financial fixed assets | 28 | €14,135 | €14,135 | = | 0.0% |
| Current assets | 29/58 | €154,812 | €143,348 | -€11,464 | -7.4% |
| Amounts receivable within one year | 40/41 | €87,353 | €116,043 | +€28,690 | +32.8% |
| Trade receivables | 40 | €87,353 | €105,449 | +€18,096 | +20.7% |
| Other amounts receivable | 41 | - | €10,594 | +€10,594 | |
| Cash at bank and in hand | 54/58 | €58,026 | €26,841 | -€31,185 | -53.7% |
| Deferred charges and accrued income | 490/1 | €9,433 | €464 | -€8,969 | -95.1% |
| Total equity and liabilities | 10/49 | €352,841 | €288,211 | -€64,630 | -18.3% |
| Equity | 10/15 | €66,462 | €59,608 | -€6,854 | -10.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €29,835 | €29,835 | = | 0.0% |
| Distributable reserves | 133 | €29,835 | €29,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,627 | €27,773 | -€6,854 | -19.8% |
| Amounts payable | 17/49 | €286,379 | €228,603 | -€57,776 | -20.2% |
| Amounts payable after more than one year | 17 | €143,824 | €101,168 | -€42,656 | -29.7% |
| Financial debts | 170/4 | €143,824 | €101,168 | -€42,656 | -29.7% |
| Amounts payable within one year | 42/48 | €142,555 | €127,435 | -€15,120 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €42,273 | €42,859 | +€586 | +1.4% |
| Trade debts | 44 | €32,285 | €22,526 | -€9,759 | -30.2% |
| Suppliers | 440/4 | €32,285 | €22,526 | -€9,759 | -30.2% |
| Taxes, remuneration and social security | 45 | €37,807 | €53,977 | +€16,170 | +42.8% |
| Taxes | 450/3 | €25,310 | €25,725 | +€415 | +1.6% |
| Remuneration and social security | 454/9 | €12,497 | €28,252 | +€15,755 | +126% |
| Other amounts payable | 47/48 | €30,190 | €8,073 | -€22,117 | -73.3% |
| Remuneration, social security and pensions | 62 | €100,365 | €166,215 | +€65,850 | +65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,370 | €53,166 | -€3,204 | -5.7% |
| Other operating charges | 640/8 | €917 | €516 | -€401 | -43.7% |
| Non-recurring operating charges | 66A | €924 | - | -€924 | |
| Gross operating margin | 9900 | €220,461 | €227,895 | +€7,434 | +3.4% |
| Operating profit (loss) | 9901 | €61,885 | €7,998 | -€53,887 | -87.1% |
| Financial income | 75/76B | €237 | - | -€237 | |
| Recurring financial income | 75 | €237 | - | -€237 | |
| Financial charges | 65/66B | €10,317 | €13,263 | +€2,946 | +28.6% |
| Recurring financial charges | 65 | €10,317 | €13,263 | +€2,946 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €51,805 | -€5,265 | -€57,070 | |
| Income taxes | 67/77 | €9,392 | €1,590 | -€7,802 | -83.1% |
| Profit (loss) for the period | 9904 | €42,413 | -€6,855 | -€49,268 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,413 | -€6,855 | -€49,268 |
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 14 October 2026 via checked.be.