ADMANOS: 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.
ADMANOS
Largest movements
- Cash +€15,376
up €15,376 (+137.9%), from €11,148 to €26,523
mainly Depreciation (+€12,504) and Tax, wage and social debts (+€5,307)
- Tangible fixed assets -€12,504
down €12,504 (-28.8%), from €43,351 to €30,848
- Current investments -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Receivables within one year -€3,161
down €3,161 (-30.5%), from €10,356 to €7,195
of which Trade receivables: -€3,562
- Receivables after one year -€1,500
down €1,500 (-3.2%), from €46,625 to €45,125
- Debts after one year -€11,125
down €11,125 (-38.9%), from €28,603 to €17,478
- Tax, wage and social debts +€5,307
up €5,307 (+96.8%), from €5,483 to €10,791
- Reserves +€4,227
up €4,227 (+7.1%), from €59,605 to €63,832
- Other debts -€4,000
down €4,000 (-95.8%), from €4,174 to €174
- Accrued charges and deferred income -€1,518
down €1,518 (-94.3%), from €1,609 to €91
- Gross operating margin +€3,677
up €3,677 (+23.0%), from €15,993 to €19,670
- Taxes +€968
up €968 (+106.9%), from €906 to €1,873
- Financial charges -€380
down €380 (-21.4%), from €1,777 to €1,398
- Financial income -€206
down €206 (-13.2%), from €1,566 to €1,360
- Other operating charges +€203
up €203 (+26.3%), from €773 to €975
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 | €118,149 | €111,316 | -€6,833 | -5.8% |
| Fixed assets | 21/28 | €43,351 | €30,848 | -€12,504 | -28.8% |
| Tangible fixed assets | 22/27 | €43,351 | €30,848 | -€12,504 | -28.8% |
| Furniture and vehicles | 24 | €43,351 | €30,848 | -€12,504 | -28.8% |
| Current assets | 29/58 | €74,798 | €80,468 | +€5,670 | +7.6% |
| Amounts receivable after more than one year | 29 | €46,625 | €45,125 | -€1,500 | -3.2% |
| Other amounts receivable | 291 | €46,625 | €45,125 | -€1,500 | -3.2% |
| Amounts receivable within one year | 40/41 | €10,356 | €7,195 | -€3,161 | -30.5% |
| Trade receivables | 40 | €10,038 | €6,477 | -€3,562 | -35.5% |
| Other amounts receivable | 41 | €318 | €718 | +€400 | +125.9% |
| Current investments | 50/53 | €5,000 | €0 | -€5,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,148 | €26,523 | +€15,376 | +137.9% |
| Deferred charges and accrued income | 490/1 | €1,669 | €1,625 | -€44 | -2.6% |
| Total equity and liabilities | 10/49 | €118,149 | €111,316 | -€6,833 | -5.8% |
| Equity | 10/15 | €65,805 | €70,032 | +€4,227 | +6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,605 | €63,832 | +€4,227 | +7.1% |
| Distributable reserves | 133 | €59,605 | €63,832 | +€4,227 | +7.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,344 | €41,284 | -€11,060 | -21.1% |
| Amounts payable after more than one year | 17 | €28,603 | €17,478 | -€11,125 | -38.9% |
| Financial debts | 170/4 | €28,603 | €17,478 | -€11,125 | -38.9% |
| Amounts payable within one year | 42/48 | €22,132 | €23,715 | +€1,583 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €11,597 | €12,034 | +€436 | +3.8% |
| Trade debts | 44 | €878 | €717 | -€161 | -18.3% |
| Suppliers | 440/4 | €878 | €717 | -€161 | -18.3% |
| Taxes, remuneration and social security | 45 | €5,483 | €10,791 | +€5,307 | +96.8% |
| Taxes | 450/3 | €5,483 | €10,791 | +€5,307 | +96.8% |
| Other amounts payable | 47/48 | €4,174 | €174 | -€4,000 | -95.8% |
| Accrued charges and deferred income | 492/3 | €1,609 | €91 | -€1,518 | -94.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,482 | €12,504 | +€22 | +0.2% |
| Other operating charges | 640/8 | €773 | €975 | +€203 | +26.3% |
| Non-recurring operating charges | 66A | €0 | €53 | +€53 | |
| Gross operating margin | 9900 | €15,993 | €19,670 | +€3,677 | +23.0% |
| Operating profit (loss) | 9901 | €2,739 | €6,138 | +€3,399 | +124.1% |
| Financial income | 75/76B | €1,566 | €1,360 | -€206 | -13.2% |
| Recurring financial income | 75 | €1,566 | €1,360 | -€206 | -13.2% |
| Financial charges | 65/66B | €1,777 | €1,398 | -€380 | -21.4% |
| Recurring financial charges | 65 | €1,777 | €1,398 | -€380 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €2,527 | €6,100 | +€3,573 | +141.4% |
| Income taxes | 67/77 | €906 | €1,873 | +€968 | +106.9% |
| Profit (loss) for the period | 9904 | €1,622 | €4,227 | +€2,605 | +160.6% |
| Transfer from tax-exempt reserves | 789 | €4,260 | €0 | -€4,260 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,882 | €4,227 | -€1,655 | -28.1% |
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 10 October 2026 via checked.be.