ADMIGEST: 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.
ADMIGEST
Largest movements
- Receivables within one year +€9,162
up €9,162 (+1,168%), from €785 to €9,947
of which Trade receivables: +€9,172
- Cash +€4,921
up €4,921 (+8.2%), from €59,680 to €64,601
mainly Net result for the year (+€33,642) and Tax, wage and social debts (+€4,574)
- Profit (loss) carried forward +€13,642
up €13,642 (+82.9%), from €16,462 to €30,104
- Tax, wage and social debts +€4,574
up €4,574 (+45.8%), from €9,995 to €14,569
of which Taxes: +€6,986
- Other debts -€3,000
down €3,000 (-13.0%), from €23,000 to €20,000
- Trade debts -€1,113
down €1,113 (-20.7%), from €5,369 to €4,256
- Gross operating margin +€8,226
up €8,226 (+10.4%), from €79,206 to €87,431
- Staff costs -€6,906
down €6,906 (-14.2%), from €48,626 to €41,720
- Taxes +€4,309
up €4,309 (+59.3%), from €7,262 to €11,571
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 | €61,072 | €75,171 | +€14,099 | +23.1% |
| Fixed assets | 21/28 | €453 | €319 | -€134 | -29.7% |
| Tangible fixed assets | 22/27 | €403 | €269 | -€134 | -33.3% |
| Other tangible fixed assets | 26 | €403 | €269 | -€134 | -33.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €60,619 | €74,853 | +€14,234 | +23.5% |
| Amounts receivable within one year | 40/41 | €785 | €9,947 | +€9,162 | +1,168% |
| Trade receivables | 40 | - | €9,172 | +€9,172 | |
| Other amounts receivable | 41 | €785 | €775 | -€9 | -1.2% |
| Cash at bank and in hand | 54/58 | €59,680 | €64,601 | +€4,921 | +8.2% |
| Deferred charges and accrued income | 490/1 | €154 | €305 | +€150 | +97.4% |
| Total equity and liabilities | 10/49 | €61,072 | €75,171 | +€14,099 | +23.1% |
| Equity | 10/15 | €22,662 | €36,304 | +€13,642 | +60.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,462 | €30,104 | +€13,642 | +82.9% |
| Amounts payable | 17/49 | €38,410 | €38,868 | +€458 | +1.2% |
| Amounts payable within one year | 42/48 | €38,364 | €38,825 | +€461 | +1.2% |
| Trade debts | 44 | €5,369 | €4,256 | -€1,113 | -20.7% |
| Suppliers | 440/4 | €5,369 | €4,256 | -€1,113 | -20.7% |
| Taxes, remuneration and social security | 45 | €9,995 | €14,569 | +€4,574 | +45.8% |
| Taxes | 450/3 | €1,809 | €8,795 | +€6,986 | +386% |
| Remuneration and social security | 454/9 | €8,186 | €5,774 | -€2,412 | -29.5% |
| Other amounts payable | 47/48 | €23,000 | €20,000 | -€3,000 | -13.0% |
| Accrued charges and deferred income | 492/3 | €46 | €43 | -€3 | -7.5% |
| Remuneration, social security and pensions | 62 | €48,626 | €41,720 | -€6,906 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134 | €134 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €79,206 | €87,431 | +€8,226 | +10.4% |
| Operating profit (loss) | 9901 | €30,058 | €45,177 | +€15,119 | +50.3% |
| Financial income | 75/76B | €154 | €586 | +€432 | +280% |
| Recurring financial income | 75 | €154 | €586 | +€432 | +280% |
| Financial charges | 65/66B | €468 | €551 | +€83 | +17.7% |
| Recurring financial charges | 65 | €468 | €551 | +€83 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €29,744 | €45,213 | +€15,468 | +52.0% |
| Income taxes | 67/77 | €7,262 | €11,571 | +€4,309 | +59.3% |
| Profit (loss) for the period | 9904 | €22,483 | €33,642 | +€11,159 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,483 | €33,642 | +€11,159 | +49.6% |
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 21 October 2026 via checked.be.