ADMIDEP: 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.
ADMIDEP
Largest movements
- Financial fixed assets +€197,033
up €197,033 (+14.9%), from €1.3m to €1.5m
- Cash -€65,597
down €65,597 (-73.6%), from €89,090 to €23,493
mainly Investment in fixed assets (net) (-€197,033)
- Other debts +€130,000
up €130,000 (+12.1%), from €1.1m to €1.2m
- Financial income -€21,898
no longer reported in 2025 (was €21,898)
- Taxes -€5,134
down €5,134, from €4,128 to -€1,006
- Gross operating margin +€337
up €337 (+28.6%), from €1,179 to €1,516
- Other operating charges +€35
up €35 (+3.2%), from €1,108 to €1,143
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 | €1,412,976 | €1,544,503 | +€131,527 | +9.3% |
| Fixed assets | 21/28 | €1,320,740 | €1,517,773 | +€197,033 | +14.9% |
| Financial fixed assets | 28 | €1,320,740 | €1,517,773 | +€197,033 | +14.9% |
| Current assets | 29/58 | €92,236 | €26,730 | -€65,506 | -71.0% |
| Amounts receivable within one year | 40/41 | €3,146 | €3,237 | +€91 | +2.9% |
| Trade receivables | 40 | €3,146 | €3,237 | +€91 | +2.9% |
| Cash at bank and in hand | 54/58 | €89,090 | €23,493 | -€65,597 | -73.6% |
| Total equity and liabilities | 10/49 | €1,412,976 | €1,544,503 | +€131,527 | +9.3% |
| Equity | 10/15 | €337,371 | €338,694 | +€1,323 | +0.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €317,371 | €318,694 | +€1,323 | +0.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €315,371 | €316,694 | +€1,323 | +0.4% |
| Amounts payable | 17/49 | €1,075,605 | €1,205,809 | +€130,204 | +12.1% |
| Amounts payable within one year | 42/48 | €1,075,605 | €1,205,809 | +€130,204 | +12.1% |
| Taxes, remuneration and social security | 45 | €217 | €421 | +€204 | +94.0% |
| Taxes | 450/3 | €217 | €421 | +€204 | +94.0% |
| Other amounts payable | 47/48 | €1,075,388 | €1,205,388 | +€130,000 | +12.1% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.2% |
| Gross operating margin | 9900 | €1,179 | €1,516 | +€337 | +28.6% |
| Operating profit (loss) | 9901 | €71 | €373 | +€302 | +425% |
| Financial income | 75/76B | €21,898 | - | -€21,898 | |
| Recurring financial income | 75 | €21,898 | - | -€21,898 | |
| Financial charges | 65/66B | €53 | €56 | +€3 | +5.7% |
| Recurring financial charges | 65 | €53 | €56 | +€3 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €21,916 | €317 | -€21,599 | -98.6% |
| Income taxes | 67/77 | €4,128 | -€1,006 | -€5,134 | |
| Profit (loss) for the period | 9904 | €17,788 | €1,323 | -€16,465 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,788 | €1,323 | -€16,465 | -92.6% |
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 24 October 2026 via checked.be.