ADMACO: 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.
ADMACO
Largest movements
- Cash +€2,578
up €2,578 (+136%), from €1,894 to €4,473
mainly Net result for the year (+€7,175) and Trade debts (+€1,537)
- Receivables within one year +€2,457
up €2,457 (+5.2%), from €47,575 to €50,032
of which Trade receivables: +€1,631
- Profit (loss) carried forward +€7,175
up €7,175 (+14.7%), from -€48,798 to -€41,623
- Other debts -€5,493
down €5,493 (-100%), from €5,493 to €0
- Trade debts +€1,537
up €1,537 (+3.4%), from €44,879 to €46,417
- Accrued charges and deferred income +€1,202
up €1,202 (+310%), from €388 to €1,589
- Gross operating margin +€7,029
up €7,029 (+387%), from €1,817 to €8,846
- Depreciation -€692
down €692 (-42.4%), from €1,632 to €941
- Other operating charges -€106
down €106 (-14.2%), from €742 to €636
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 | €51,067 | €56,007 | +€4,940 | +9.7% |
| Fixed assets | 21/28 | €1,161 | €1,128 | -€32 | -2.8% |
| Tangible fixed assets | 22/27 | €1,161 | €1,128 | -€32 | -2.8% |
| Plant, machinery and equipment | 23 | €551 | €254 | -€297 | -53.9% |
| Furniture and vehicles | 24 | €610 | €874 | +€265 | +43.4% |
| Current assets | 29/58 | €49,906 | €54,878 | +€4,972 | +10.0% |
| Amounts receivable within one year | 40/41 | €47,575 | €50,032 | +€2,457 | +5.2% |
| Trade receivables | 40 | €47,554 | €49,185 | +€1,631 | +3.4% |
| Other amounts receivable | 41 | €21 | €847 | +€826 | +3,853% |
| Cash at bank and in hand | 54/58 | €1,894 | €4,473 | +€2,578 | +136% |
| Deferred charges and accrued income | 490/1 | €437 | €374 | -€63 | -14.4% |
| Total equity and liabilities | 10/49 | €51,067 | €56,007 | +€4,940 | +9.7% |
| Equity | 10/15 | €307 | €7,482 | +€7,175 | +2,336% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,505 | €30,505 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,469 | €13,469 | = | 0.0% |
| Distributable reserves | 133 | €17,036 | €17,036 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,798 | -€41,623 | +€7,175 | +14.7% |
| Amounts payable | 17/49 | €50,760 | €48,525 | -€2,235 | -4.4% |
| Amounts payable within one year | 42/48 | €50,372 | €46,935 | -€3,437 | -6.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €44,879 | €46,417 | +€1,537 | +3.4% |
| Suppliers | 440/4 | €44,879 | €46,417 | +€1,537 | +3.4% |
| Taxes, remuneration and social security | 45 | €0 | €518 | +€518 | |
| Taxes | 450/3 | €0 | €518 | +€518 | |
| Other amounts payable | 47/48 | €5,493 | €0 | -€5,493 | -100% |
| Accrued charges and deferred income | 492/3 | €388 | €1,589 | +€1,202 | +310% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,632 | €941 | -€692 | -42.4% |
| Other operating charges | 640/8 | €742 | €636 | -€106 | -14.2% |
| Gross operating margin | 9900 | €1,817 | €8,846 | +€7,029 | +387% |
| Operating profit (loss) | 9901 | -€556 | €7,270 | +€7,826 | |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €143 | €97 | -€47 | -32.5% |
| Recurring financial charges | 65 | €143 | €97 | -€47 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€700 | €7,175 | +€7,875 | |
| Profit (loss) for the period | 9904 | -€700 | €7,175 | +€7,875 | |
| Profit (loss) for the period to be appropriated | 9905 | -€700 | €7,175 | +€7,875 |
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.