Admapro: 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.
Admapro
Largest movements
- Tangible fixed assets -€16,538
down €16,538 (-40.4%), from €40,945 to €24,407
of which Furniture and vehicles: -€14,752
- Cash -€14,693
down €14,693 (-34.5%), from €42,632 to €27,939
mainly Net result for the year (-€27,116) and Current portion of long-term debt (-€5,311)
- Receivables within one year +€1,595
up €1,595 (+5.2%), from €30,871 to €32,466
- Profit (loss) carried forward -€27,116
down €27,116 (-78.3%), from -€34,620 to -€61,736
- Current portion of long-term debt -€5,311
no longer reported in 2025 (was €5,311)
- Accrued charges and deferred income +€3,750
new in 2025: €3,750
- Gross operating margin +€19,080
up €19,080 (+71.0%), from -€26,870 to -€7,791
- Depreciation +€7,839
up €7,839 (+76.4%), from €10,264 to €18,103
- Financial charges -€1,027
down €1,027 (-74.7%), from €1,375 to €348
- Financial income -€634
down €634 (-72.1%), from €879 to €245
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 | €114,448 | €84,813 | -€29,636 | -25.9% |
| Fixed assets | 21/28 | €40,945 | €24,407 | -€16,538 | -40.4% |
| Tangible fixed assets | 22/27 | €40,945 | €24,407 | -€16,538 | -40.4% |
| Plant, machinery and equipment | 23 | €2,549 | €1,917 | -€632 | -24.8% |
| Furniture and vehicles | 24 | €37,040 | €22,288 | -€14,752 | -39.8% |
| Other tangible fixed assets | 26 | €1,356 | €202 | -€1,153 | -85.1% |
| Current assets | 29/58 | €73,503 | €60,405 | -€13,098 | -17.8% |
| Amounts receivable within one year | 40/41 | €30,871 | €32,466 | +€1,595 | +5.2% |
| Other amounts receivable | 41 | €30,871 | €32,466 | +€1,595 | +5.2% |
| Cash at bank and in hand | 54/58 | €42,632 | €27,939 | -€14,693 | -34.5% |
| Total equity and liabilities | 10/49 | €114,448 | €84,813 | -€29,636 | -25.9% |
| Equity | 10/15 | €107,487 | €80,371 | -€27,116 | -25.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,507 | €123,507 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €121,647 | €121,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,620 | -€61,736 | -€27,116 | -78.3% |
| Amounts payable | 17/49 | €6,962 | €4,442 | -€2,520 | -36.2% |
| Amounts payable within one year | 42/48 | €6,962 | €692 | -€6,269 | -90.1% |
| Current portion of amounts payable after more than one year | 42 | €5,311 | - | -€5,311 | |
| Trade debts | 44 | €1,227 | €197 | -€1,030 | -83.9% |
| Suppliers | 440/4 | €1,227 | €197 | -€1,030 | -83.9% |
| Taxes, remuneration and social security | 45 | €423 | €495 | +€72 | +16.9% |
| Taxes | 450/3 | €423 | €495 | +€72 | +16.9% |
| Accrued charges and deferred income | 492/3 | - | €3,750 | +€3,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,264 | €18,103 | +€7,839 | +76.4% |
| Other operating charges | 640/8 | €643 | €659 | +€16 | +2.5% |
| Gross operating margin | 9900 | -€26,870 | -€7,791 | +€19,080 | +71.0% |
| Operating profit (loss) | 9901 | -€37,777 | -€26,553 | +€11,224 | +29.7% |
| Financial income | 75/76B | €879 | €245 | -€634 | -72.1% |
| Recurring financial income | 75 | €879 | €245 | -€634 | -72.1% |
| Financial charges | 65/66B | €1,375 | €348 | -€1,027 | -74.7% |
| Recurring financial charges | 65 | €1,375 | €348 | -€1,027 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | -€38,273 | -€26,656 | +€11,617 | +30.4% |
| Income taxes | 67/77 | €423 | €460 | +€37 | +8.7% |
| Profit (loss) for the period | 9904 | -€38,696 | -€27,116 | +€11,581 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,696 | -€27,116 | +€11,581 | +29.9% |
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 7 October 2026 via checked.be.