Admi-co: 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.
Admi-co
Largest movements
- Receivables within one year +€13,235
up €13,235 (+288%), from €4,598 to €17,833
of which Trade receivables: +€13,121
- Cash +€3,406
up €3,406 (+8.9%), from €38,257 to €41,663
mainly Net result for the year (+€21,442) and Other debts (+€21,094)
- Other debts +€21,094
up €21,094 (+72.5%), from €29,081 to €50,176
- Reserves -€15,087
down €15,087 (-91.3%), from €16,528 to €1,442
- Tax, wage and social debts +€9,378
up €9,378 (+1,338%), from €701 to €10,079
- Trade debts +€1,237
up €1,237 (+464%), from €267 to €1,503
- Gross operating margin +€17,825
up €17,825 (+107%), from €16,617 to €34,442
- Taxes +€4,979
up €4,979 (+139%), from €3,590 to €8,568
- Financial charges +€1,333
up €1,333 (+44,440%), from €3 to €1,336
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 | €50,077 | €66,700 | +€16,623 | +33.2% |
| Fixed assets | 21/28 | €7,222 | €7,204 | -€18 | -0.2% |
| Tangible fixed assets | 22/27 | €7,222 | €7,204 | -€18 | -0.2% |
| Plant, machinery and equipment | 23 | €825 | €353 | -€472 | -57.2% |
| Furniture and vehicles | 24 | €6,398 | €6,851 | +€454 | +7.1% |
| Current assets | 29/58 | €42,855 | €59,496 | +€16,641 | +38.8% |
| Amounts receivable within one year | 40/41 | €4,598 | €17,833 | +€13,235 | +288% |
| Trade receivables | 40 | €4,598 | €17,719 | +€13,121 | +285% |
| Other amounts receivable | 41 | - | €114 | +€114 | |
| Cash at bank and in hand | 54/58 | €38,257 | €41,663 | +€3,406 | +8.9% |
| Total equity and liabilities | 10/49 | €50,077 | €66,700 | +€16,623 | +33.2% |
| Equity | 10/15 | €20,028 | €4,942 | -€15,087 | -75.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €16,528 | €1,442 | -€15,087 | -91.3% |
| Distributable reserves | 133 | €16,528 | €1,442 | -€15,087 | -91.3% |
| Amounts payable | 17/49 | €30,049 | €61,758 | +€31,709 | +106% |
| Amounts payable within one year | 42/48 | €30,049 | €61,758 | +€31,709 | +106% |
| Trade debts | 44 | €267 | €1,503 | +€1,237 | +464% |
| Suppliers | 440/4 | €267 | €1,503 | +€1,237 | +464% |
| Taxes, remuneration and social security | 45 | €701 | €10,079 | +€9,378 | +1,338% |
| Taxes | 450/3 | €701 | €10,079 | +€9,378 | +1,338% |
| Other amounts payable | 47/48 | €29,081 | €50,176 | +€21,094 | +72.5% |
| Non-recurring operating income | 76A | - | €1,219 | +€1,219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,573 | €2,576 | +€3 | +0.1% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €16,617 | €34,442 | +€17,825 | +107% |
| Operating profit (loss) | 9901 | €13,539 | €31,346 | +€17,807 | +132% |
| Financial charges | 65/66B | €3 | €1,336 | +€1,333 | +44,440% |
| Recurring financial charges | 65 | €3 | €1,336 | +€1,333 | +44,440% |
| Profit (loss) for the period before taxes | 9903 | €13,536 | €30,010 | +€16,474 | +122% |
| Income taxes | 67/77 | €3,590 | €8,568 | +€4,979 | +139% |
| Profit (loss) for the period | 9904 | €9,947 | €21,442 | +€11,495 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €9,947 | €21,442 | +€11,495 | +116% |
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 27 October 2026 via checked.be.