ADMICOM: 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.
ADMICOM
Largest movements
- Cash -€486,817
down €486,817 (-82.2%), from €592,438 to €105,621
mainly Current investments (-€464,948) and Other debts (-€17,158)
- Current investments +€464,948
up €464,948 (+66.2%), from €702,485 to €1.2m
- Other debts -€17,158
down €17,158 (-8.2%), from €208,580 to €191,422
- Gross operating margin -€770,220
down €770,220, from €752,877 to -€17,343
- Taxes -€280,730
down €280,730 (-100.0%), from €280,869 to €139
- Financial income +€56,408
up €56,408 (+1,969%), from €2,864 to €59,272
- Financial charges +€14,351
up €14,351 (+81.7%), from €17,572 to €31,924
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 | €1,403,121 | €1,377,419 | -€25,703 | -1.8% |
| Fixed assets | 21/28 | €107,505 | €95,004 | -€12,500 | -11.6% |
| Tangible fixed assets | 22/27 | €107,120 | €94,619 | -€12,500 | -11.7% |
| Land and buildings | 22 | €65,262 | €63,906 | -€1,356 | -2.1% |
| Plant, machinery and equipment | 23 | €1,971 | €1,517 | -€453 | -23.0% |
| Furniture and vehicles | 24 | €39,887 | €29,196 | -€10,692 | -26.8% |
| Financial fixed assets | 28 | €385 | €385 | = | 0.0% |
| Current assets | 29/58 | €1,295,616 | €1,282,414 | -€13,202 | -1.0% |
| Amounts receivable within one year | 40/41 | €105 | €6,889 | +€6,784 | +6,474% |
| Trade receivables | 40 | €0 | €145 | +€145 | |
| Other amounts receivable | 41 | €105 | €6,743 | +€6,639 | +6,336% |
| Current investments | 50/53 | €702,485 | €1,167,433 | +€464,948 | +66.2% |
| Cash at bank and in hand | 54/58 | €592,438 | €105,621 | -€486,817 | -82.2% |
| Deferred charges and accrued income | 490/1 | €589 | €2,472 | +€1,883 | +320% |
| Total equity and liabilities | 10/49 | €1,403,121 | €1,377,419 | -€25,703 | -1.8% |
| Equity | 10/15 | €1,106,928 | €1,099,294 | -€7,634 | -0.7% |
| Contributions | 10/11 | €72,296 | €72,296 | = | 0.0% |
| Reserves | 13 | €1,034,632 | €1,026,997 | -€7,634 | -0.7% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,034,632 | €1,026,997 | -€7,634 | -0.7% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €296,193 | €278,125 | -€18,068 | -6.1% |
| Amounts payable within one year | 42/48 | €296,193 | €278,125 | -€18,068 | -6.1% |
| Trade debts | 44 | €1,607 | €289 | -€1,318 | -82.0% |
| Suppliers | 440/4 | €1,607 | €289 | -€1,318 | -82.0% |
| Taxes, remuneration and social security | 45 | €86,006 | €86,414 | +€408 | +0.5% |
| Taxes | 450/3 | €86,006 | €86,414 | +€408 | +0.5% |
| Other amounts payable | 47/48 | €208,580 | €191,422 | -€17,158 | -8.2% |
| Remuneration, social security and pensions | 62 | €700 | €112 | -€587 | -83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,343 | €12,500 | +€157 | +1.3% |
| Other operating charges | 640/8 | €9,299 | €4,887 | -€4,412 | -47.4% |
| Gross operating margin | 9900 | €752,877 | -€17,343 | -€770,220 | |
| Operating profit (loss) | 9901 | €730,535 | -€34,843 | -€765,378 | |
| Financial income | 75/76B | €2,864 | €59,272 | +€56,408 | +1,969% |
| Recurring financial income | 75 | €2,864 | €59,272 | +€56,408 | +1,969% |
| Financial charges | 65/66B | €17,572 | €31,924 | +€14,351 | +81.7% |
| Recurring financial charges | 65 | €17,572 | €31,924 | +€14,351 | +81.7% |
| Profit (loss) for the period before taxes | 9903 | €715,827 | -€7,495 | -€723,322 | |
| Transfer from deferred taxes | 780 | €102,901 | €0 | -€102,901 | -100% |
| Income taxes | 67/77 | €280,869 | €139 | -€280,730 | -100.0% |
| Profit (loss) for the period | 9904 | €537,859 | -€7,634 | -€545,493 | |
| Transfer from tax-exempt reserves | 789 | €244,972 | €0 | -€244,972 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €782,831 | -€7,634 | -€790,465 |
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 14 October 2026 via checked.be.