ADMECO: 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.
ADMECO
Largest movements
- Cash +€31,729
up €31,729 (+421%), from €7,545 to €39,274
mainly Receivables within one year (+€28,425) and Net result for the year (+€7,867)
- Receivables within one year -€28,425
down €28,425 (-53.9%), from €52,699 to €24,274
of which Other amounts receivable: -€14,404
- Tangible fixed assets -€6,599
down €6,599 (-40.1%), from €16,449 to €9,850
of which Furniture and vehicles: -€5,656
- Deferred charges and accrued income -€2,217
down €2,217 (-34.7%), from €6,388 to €4,171
- Stocks and contracts -€1,381
down €1,381 (-4.3%), from €32,182 to €30,800
- Reserves +€19,006
up €19,006 (+1,022%), from €1,860 to €20,866
of which Distributable reserves: +€20,866
- Profit (loss) carried forward -€11,139
down €11,139 (-100%), from €11,139 to €0
- Tax, wage and social debts -€5,598
down €5,598 (-91.9%), from €6,094 to €496
of which Remuneration and social security: -€5,843
- Debts after one year -€4,900
down €4,900 (-100%), from €4,900 to €0
- Trade debts -€4,376
down €4,376 (-11.5%), from €38,009 to €33,633
- Gross operating margin +€10,130
up €10,130 (+15.0%), from €67,746 to €77,876
- Staff costs -€2,252
down €2,252 (-3.6%), from €63,036 to €60,784
- Financial charges -€806
down €806 (-82.7%), from €975 to €168
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 | €115,262 | €108,369 | -€6,893 | -6.0% |
| Fixed assets | 21/28 | €16,449 | €9,850 | -€6,599 | -40.1% |
| Tangible fixed assets | 22/27 | €16,449 | €9,850 | -€6,599 | -40.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €15,233 | €9,577 | -€5,656 | -37.1% |
| Other tangible fixed assets | 26 | €1,216 | €273 | -€943 | -77.5% |
| Current assets | 29/58 | €98,814 | €98,519 | -€294 | -0.3% |
| Stocks and contracts in progress | 3 | €32,182 | €30,800 | -€1,381 | -4.3% |
| Stocks | 30/36 | €32,182 | €30,800 | -€1,381 | -4.3% |
| Amounts receivable within one year | 40/41 | €52,699 | €24,274 | -€28,425 | -53.9% |
| Trade receivables | 40 | €32,725 | €18,704 | -€14,021 | -42.8% |
| Other amounts receivable | 41 | €19,974 | €5,570 | -€14,404 | -72.1% |
| Cash at bank and in hand | 54/58 | €7,545 | €39,274 | +€31,729 | +421% |
| Deferred charges and accrued income | 490/1 | €6,388 | €4,171 | -€2,217 | -34.7% |
| Total equity and liabilities | 10/49 | €115,262 | €108,369 | -€6,893 | -6.0% |
| Equity | 10/15 | €31,599 | €39,466 | +€7,867 | +24.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €20,866 | +€19,006 | +1,022% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €20,866 | +€20,866 | |
| Profit (loss) carried forward | 14 | €11,139 | €0 | -€11,139 | -100% |
| Amounts payable | 17/49 | €83,663 | €68,903 | -€14,760 | -17.6% |
| Amounts payable after more than one year | 17 | €4,900 | €0 | -€4,900 | -100% |
| Financial debts | 170/4 | €4,900 | €0 | -€4,900 | -100% |
| Amounts payable within one year | 42/48 | €73,486 | €65,109 | -€8,377 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €6,378 | €4,900 | -€1,478 | -23.2% |
| Trade debts | 44 | €38,009 | €33,633 | -€4,376 | -11.5% |
| Suppliers | 440/4 | €38,009 | €33,633 | -€4,376 | -11.5% |
| Taxes, remuneration and social security | 45 | €6,094 | €496 | -€5,598 | -91.9% |
| Taxes | 450/3 | - | €245 | +€245 | |
| Remuneration and social security | 454/9 | €6,094 | €251 | -€5,843 | -95.9% |
| Other amounts payable | 47/48 | €23,005 | €26,080 | +€3,075 | +13.4% |
| Accrued charges and deferred income | 492/3 | €5,278 | €3,794 | -€1,484 | -28.1% |
| Non-recurring operating income | 76A | - | €12,364 | +€12,364 | |
| Remuneration, social security and pensions | 62 | €63,036 | €60,784 | -€2,252 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,122 | €6,599 | -€522 | -7.3% |
| Other operating charges | 640/8 | €966 | €693 | -€273 | -28.3% |
| Non-recurring operating charges | 66A | €12,970 | €1,840 | -€11,130 | -85.8% |
| Gross operating margin | 9900 | €67,746 | €77,876 | +€10,130 | +15.0% |
| Operating profit (loss) | 9901 | -€16,347 | €7,960 | +€24,307 | |
| Financial income | 75/76B | €261 | €75 | -€186 | -71.2% |
| Recurring financial income | 75 | €261 | €75 | -€186 | -71.2% |
| Financial charges | 65/66B | €975 | €168 | -€806 | -82.7% |
| Recurring financial charges | 65 | €975 | €168 | -€806 | -82.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,061 | €7,867 | +€24,928 | |
| Profit (loss) for the period | 9904 | -€17,061 | €7,867 | +€24,928 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,061 | €7,867 | +€24,928 |
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 18 October 2026 via checked.be.