ADMICAL: 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.
ADMICAL
Largest movements
- Tangible fixed assets -€22,011
down €22,011 (-18.3%), from €120,475 to €98,464
of which Furniture and vehicles: -€11,966
- Reserves +€19,949
up €19,949 (+12.4%), from €161,354 to €181,302
of which Distributable reserves: +€19,949
- Other debts -€19,673
down €19,673 (-60.4%), from €32,549 to €12,876
- Current portion of long-term debt -€11,347
down €11,347 (-87.5%), from €12,964 to €1,617
- Provisions -€6,869
no longer reported in 2025 (was €6,869)
- Gross operating margin +€9,542
up €9,542 (+23.7%), from €40,194 to €49,736
- Provisions +€7,471
up €7,471 (+52.1%), from -€14,340 to -€6,869
- Staff costs -€2,516
no longer reported in 2025 (was €2,516)
- Write-downs -€2,034
down €2,034, from €1,619 to -€414
- Financial income -€965
down €965 (-46.5%), from €2,076 to €1,111
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 | €246,864 | €225,453 | -€21,412 | -8.7% |
| Fixed assets | 21/28 | €120,475 | €98,464 | -€22,011 | -18.3% |
| Tangible fixed assets | 22/27 | €120,475 | €98,464 | -€22,011 | -18.3% |
| Land and buildings | 22 | €42,842 | €38,015 | -€4,827 | -11.3% |
| Plant, machinery and equipment | 23 | €18,517 | €13,299 | -€5,218 | -28.2% |
| Furniture and vehicles | 24 | €50,191 | €38,226 | -€11,966 | -23.8% |
| Other tangible fixed assets | 26 | €8,924 | €8,924 | = | 0.0% |
| Current assets | 29/58 | €126,390 | €126,989 | +€599 | +0.5% |
| Amounts receivable within one year | 40/41 | €3,415 | €1,777 | -€1,638 | -48.0% |
| Trade receivables | 40 | €3,415 | €1,777 | -€1,638 | -48.0% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €117,116 | €117,638 | +€522 | +0.4% |
| Deferred charges and accrued income | 490/1 | €5,609 | €7,324 | +€1,716 | +30.6% |
| Total equity and liabilities | 10/49 | €246,864 | €225,453 | -€21,412 | -8.7% |
| Equity | 10/15 | €179,954 | €199,902 | +€19,949 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €161,354 | €181,302 | +€19,949 | +12.4% |
| Tax-exempt reserves | 132 | €560 | €560 | = | 0.0% |
| Distributable reserves | 133 | €160,794 | €180,743 | +€19,949 | +12.4% |
| Provisions and deferred taxes | 16 | €6,869 | - | -€6,869 | |
| Provisions for liabilities and charges | 160/5 | €6,869 | - | -€6,869 | |
| Major repairs and maintenance | 162 | €6,869 | - | -€6,869 | |
| Amounts payable | 17/49 | €60,041 | €25,550 | -€34,491 | -57.4% |
| Amounts payable after more than one year | 17 | €1,617 | - | -€1,617 | |
| Financial debts | 170/4 | €1,617 | - | -€1,617 | |
| Amounts payable within one year | 42/48 | €58,425 | €25,550 | -€32,874 | -56.3% |
| Current portion of amounts payable after more than one year | 42 | €12,964 | €1,617 | -€11,347 | -87.5% |
| Trade debts | 44 | €7,201 | €7,548 | +€347 | +4.8% |
| Suppliers | 440/4 | €7,201 | €7,548 | +€347 | +4.8% |
| Taxes, remuneration and social security | 45 | €5,712 | €3,510 | -€2,202 | -38.5% |
| Taxes | 450/3 | €5,712 | €3,510 | -€2,202 | -38.5% |
| Other amounts payable | 47/48 | €32,549 | €12,876 | -€19,673 | -60.4% |
| Remuneration, social security and pensions | 62 | €2,516 | - | -€2,516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,097 | €24,850 | +€754 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,619 | -€414 | -€2,034 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€14,340 | -€6,869 | +€7,471 | +52.1% |
| Other operating charges | 640/8 | €2,358 | €2,485 | +€126 | +5.3% |
| Gross operating margin | 9900 | €40,194 | €49,736 | +€9,542 | +23.7% |
| Operating profit (loss) | 9901 | €23,944 | €29,685 | +€5,741 | +24.0% |
| Financial income | 75/76B | €2,076 | €1,111 | -€965 | -46.5% |
| Recurring financial income | 75 | €2,076 | €1,111 | -€965 | -46.5% |
| Financial charges | 65/66B | €2,502 | €1,903 | -€599 | -23.9% |
| Recurring financial charges | 65 | €2,502 | €1,903 | -€599 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €23,518 | €28,892 | +€5,374 | +22.9% |
| Income taxes | 67/77 | €7,076 | €7,278 | +€201 | +2.8% |
| Profit (loss) for the period | 9904 | €16,442 | €21,615 | +€5,173 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,442 | €21,615 | +€5,173 | +31.5% |
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 16 October 2026 via checked.be.