ADMANCO: 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.
ADMANCO
Largest movements
- Tangible fixed assets -€3,000
down €3,000 (-8.3%), from €36,069 to €33,069
of which Land and buildings: -€3,000
- Profit (loss) carried forward -€7,784
down €7,784 (-4.0%), from -€193,183 to -€200,967
- Debts after one year +€4,983
up €4,983 (+2.7%), from €186,697 to €191,680
- Gross operating margin -€1,135
down €1,135 (-127.9%), from -€888 to -€2,023
- Depreciation -€76
down €76 (-2.5%), from €3,075 to €3,000
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 | €37,178 | €34,378 | -€2,800 | -7.5% |
| Fixed assets | 21/28 | €37,008 | €34,081 | -€2,928 | -7.9% |
| Tangible fixed assets | 22/27 | €36,069 | €33,069 | -€3,000 | -8.3% |
| Land and buildings | 22 | €36,069 | €33,069 | -€3,000 | -8.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €940 | €1,012 | +€72 | +7.7% |
| Current assets | 29/58 | €169 | €297 | +€127 | +75.3% |
| Cash at bank and in hand | 54/58 | €169 | €297 | +€127 | +75.3% |
| Total equity and liabilities | 10/49 | €37,178 | €34,378 | -€2,800 | -7.5% |
| Equity | 10/15 | -€153,184 | -€160,968 | -€7,784 | -5.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | - | -€18,592 | |
| Share premium | 1100/10 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €21,407 | €21,407 | = | 0.0% |
| Distributable reserves | 133 | €21,407 | €21,407 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€193,183 | -€200,967 | -€7,784 | -4.0% |
| Amounts payable | 17/49 | €190,362 | €195,346 | +€4,984 | +2.6% |
| Amounts payable after more than one year | 17 | €186,697 | €191,680 | +€4,983 | +2.7% |
| Other amounts payable | 178/9 | €186,697 | €191,680 | +€4,983 | +2.7% |
| Amounts payable within one year | 42/48 | €3,665 | €3,666 | +€1 | 0.0% |
| Trade debts | 44 | €1,760 | €1,761 | +€1 | +0.1% |
| Suppliers | 440/4 | €1,760 | €1,761 | +€1 | +0.1% |
| Taxes, remuneration and social security | 45 | €1,905 | €1,905 | = | 0.0% |
| Taxes | 450/3 | €1,905 | €1,905 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,075 | €3,000 | -€76 | -2.5% |
| Other operating charges | 640/8 | €2,674 | €2,683 | +€10 | +0.4% |
| Gross operating margin | 9900 | -€888 | -€2,023 | -€1,135 | -127.9% |
| Operating profit (loss) | 9901 | -€6,637 | -€7,706 | -€1,069 | -16.1% |
| Financial charges | 65/66B | €61 | €78 | +€17 | +28.4% |
| Recurring financial charges | 65 | €61 | €78 | +€17 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,698 | -€7,784 | -€1,086 | -16.2% |
| Profit (loss) for the period | 9904 | -€6,698 | -€7,784 | -€1,086 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,698 | -€7,784 | -€1,086 | -16.2% |
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 2 October 2026 via checked.be.