AdMiFinances: what changed
Two fiscal 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.
AdMiFinances
Largest movements
- Cash +€20,781
up €20,781 (+74.1%), from €28,049 to €48,829
mainly Net result for the year (+€38,117) and Deferred charges and accrued income (+€5,850)
- Current investments +€7,500
up €7,500 (+53.6%), from €14,000 to €21,500
- Deferred charges and accrued income -€5,850
no longer reported in 2025 (was €5,850)
- Receivables within one year -€1,913
down €1,913 (-19.7%), from €9,700 to €7,787
of which Other amounts receivable: -€2,881
- Profit (loss) carried forward +€18,117
up €18,117 (+34.7%), from €52,184 to €70,301
- Reserves +€10,000
up €10,000 (+42.8%), from €23,360 to €33,360
- Current portion of long-term debt -€9,660
down €9,660 (-74.2%), from €13,025 to €3,365
- Trade debts +€4,190
up €4,190 (+695.1%), from €603 to €4,793
- Tax, wage and social debts -€3,541
down €3,541 (-28.7%), from €12,329 to €8,787
of which Remuneration and social security: -€3,242
- Financial income +€34,963
new in 2025: €34,963
- Gross operating margin -€19,617
down €19,617 (-72.8%), from €26,937 to €7,319
- Taxes -€3,985
down €3,985 (-54.6%), from €7,300 to €3,316
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.
Cash bridge derived
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 | €113,262 | €134,118 | +€20,856 | +18.4% |
| Fixed assets | 21/28 | €55,663 | €56,002 | +€339 | +0.6% |
| Tangible fixed assets | 22/27 | €987 | €1,325 | +€339 | +34.3% |
| Furniture and vehicles | 24 | €987 | €1,325 | +€339 | +34.3% |
| Financial fixed assets | 28 | €54,677 | €54,677 | = | 0.0% |
| Current assets | 29/58 | €57,599 | €78,116 | +€20,518 | +35.6% |
| Amounts receivable within one year | 40/41 | €9,700 | €7,787 | -€1,913 | -19.7% |
| Trade receivables | 40 | - | €968 | +€968 | |
| Other amounts receivable | 41 | €9,700 | €6,819 | -€2,881 | -29.7% |
| Current investments | 50/53 | €14,000 | €21,500 | +€7,500 | +53.6% |
| Cash at bank and in hand | 54/58 | €28,049 | €48,829 | +€20,781 | +74.1% |
| Deferred charges and accrued income | 490/1 | €5,850 | - | -€5,850 | |
| Total equity and liabilities | 10/49 | €113,262 | €134,118 | +€20,856 | +18.4% |
| Equity | 10/15 | €81,744 | €109,861 | +€28,117 | +34.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,360 | €33,360 | +€10,000 | +42.8% |
| Distributable reserves | 133 | €23,360 | €33,360 | +€10,000 | +42.8% |
| Profit (loss) carried forward | 14 | €52,184 | €70,301 | +€18,117 | +34.7% |
| Amounts payable | 17/49 | €31,518 | €24,257 | -€7,261 | -23.0% |
| Amounts payable within one year | 42/48 | €31,518 | €24,257 | -€7,261 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €13,025 | €3,365 | -€9,660 | -74.2% |
| Trade debts | 44 | €603 | €4,793 | +€4,190 | +695.1% |
| Suppliers | 440/4 | €603 | €4,793 | +€4,190 | +695.1% |
| Taxes, remuneration and social security | 45 | €12,329 | €8,787 | -€3,541 | -28.7% |
| Taxes | 450/3 | €3,300 | €3,000 | -€300 | -9.1% |
| Remuneration and social security | 454/9 | €9,029 | €5,787 | -€3,242 | -35.9% |
| Other amounts payable | 47/48 | €5,562 | €7,312 | +€1,750 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377 | €463 | +€86 | +22.9% |
| Gross operating margin | 9900 | €26,937 | €7,319 | -€19,617 | -72.8% |
| Operating profit (loss) | 9901 | €26,560 | €6,856 | -€19,704 | -74.2% |
| Financial income | 75/76B | - | €34,963 | +€34,963 | |
| Recurring financial income | 75 | - | €34,963 | +€34,963 | |
| Financial charges | 65/66B | €330 | €387 | +€57 | +17.3% |
| Recurring financial charges | 65 | €330 | €387 | +€57 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €26,230 | €41,433 | +€15,202 | +58.0% |
| Income taxes | 67/77 | €7,300 | €3,316 | -€3,985 | -54.6% |
| Profit (loss) for the period | 9904 | €18,930 | €38,117 | +€19,187 | +101.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,930 | €38,117 | +€19,187 | +101.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.