ADMELIOR: 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.
ADMELIOR
Largest movements
- Cash +€35,689
up €35,689 (+42.5%), from €83,955 to €119,644
mainly Net result for the year (+€69,721) and Depreciation (+€5,308)
- Tangible fixed assets +€15,978
up €15,978 (+31.9%), from €50,082 to €66,061
of which Other tangible fixed assets: +€61,325
- Deferred charges and accrued income +€14,117
up €14,117 (+1,178%), from €1,198 to €15,315
- Profit (loss) carried forward +€69,721
new in 2025: €69,721
- Tax, wage and social debts -€3,580
down €3,580 (-29.7%), from €12,053 to €8,474
- Gross operating margin -€16,264
down €16,264 (-14.9%), from €109,120 to €92,855
- Taxes -€11,134
down €11,134 (-39.1%), from €28,501 to €17,367
- Depreciation +€3,398
up €3,398 (+178%), from €1,910 to €5,308
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 | €153,803 | €220,395 | +€66,592 | +43.3% |
| Fixed assets | 21/28 | €50,082 | €66,061 | +€15,978 | +31.9% |
| Tangible fixed assets | 22/27 | €50,082 | €66,061 | +€15,978 | +31.9% |
| Plant, machinery and equipment | 23 | €5,988 | €4,736 | -€1,252 | -20.9% |
| Other tangible fixed assets | 26 | - | €61,325 | +€61,325 | |
| Assets under construction and advance payments | 27 | €44,094 | - | -€44,094 | |
| Current assets | 29/58 | €103,721 | €154,334 | +€50,614 | +48.8% |
| Amounts receivable within one year | 40/41 | €18,567 | €19,375 | +€808 | +4.4% |
| Trade receivables | 40 | €14,753 | €12,727 | -€2,025 | -13.7% |
| Other amounts receivable | 41 | €3,815 | €6,648 | +€2,833 | +74.3% |
| Cash at bank and in hand | 54/58 | €83,955 | €119,644 | +€35,689 | +42.5% |
| Deferred charges and accrued income | 490/1 | €1,198 | €15,315 | +€14,117 | +1,178% |
| Total equity and liabilities | 10/49 | €153,803 | €220,395 | +€66,592 | +43.3% |
| Equity | 10/15 | €140,622 | €210,343 | +€69,721 | +49.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €137,622 | €137,622 | = | 0.0% |
| Distributable reserves | 133 | €137,622 | €137,622 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €69,721 | +€69,721 | |
| Amounts payable | 17/49 | €13,181 | €10,052 | -€3,129 | -23.7% |
| Amounts payable within one year | 42/48 | €12,624 | €10,052 | -€2,572 | -20.4% |
| Trade debts | 44 | €570 | €1,578 | +€1,008 | +177% |
| Suppliers | 440/4 | €570 | €1,578 | +€1,008 | +177% |
| Taxes, remuneration and social security | 45 | €12,053 | €8,474 | -€3,580 | -29.7% |
| Taxes | 450/3 | €12,053 | €8,474 | -€3,580 | -29.7% |
| Accrued charges and deferred income | 492/3 | €557 | - | -€557 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,910 | €5,308 | +€3,398 | +178% |
| Other operating charges | 640/8 | €182 | €585 | +€404 | +222% |
| Gross operating margin | 9900 | €109,120 | €92,855 | -€16,264 | -14.9% |
| Operating profit (loss) | 9901 | €107,028 | €86,961 | -€20,066 | -18.7% |
| Financial income | 75/76B | €96 | €182 | +€87 | +91.0% |
| Recurring financial income | 75 | €96 | €182 | +€87 | +91.0% |
| Financial charges | 65/66B | -€146 | €55 | +€202 | |
| Recurring financial charges | 65 | -€146 | €55 | +€202 | |
| Profit (loss) for the period before taxes | 9903 | €107,270 | €87,089 | -€20,181 | -18.8% |
| Income taxes | 67/77 | €28,501 | €17,367 | -€11,134 | -39.1% |
| Profit (loss) for the period | 9904 | €78,769 | €69,721 | -€9,047 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,769 | €69,721 | -€9,047 | -11.5% |
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.