Adminted: 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.
Adminted
Largest movements
- Tangible fixed assets +€187,743
up €187,743 (+4846.2%), from €3,874 to €191,617
of which Land and buildings: +€189,203
- Receivables within one year +€47,493
up €47,493 (+98.2%), from €48,379 to €95,872
of which Other amounts receivable: +€49,669
- Cash -€44,895
down €44,895 (-53.9%), from €83,277 to €38,382
mainly Investment in fixed assets (net) (-€189,335) and Receivables within one year (-€47,493)
- Trade debts +€189,055
up €189,055 (+10159.3%), from €1,861 to €190,916
- Reserves +€28,521
up €28,521 (+32.5%), from €87,695 to €116,216
- Tax, wage and social debts -€26,332
down €26,332 (-57.3%), from €45,975 to €19,642
- Gross operating margin -€24,269
down €24,269 (-41.4%), from €58,647 to €34,378
- Taxes -€14,691
down €14,691 (-75.9%), from €19,346 to €4,655
- Depreciation +€759
up €759 (+91.0%), from €834 to €1,592
- Other operating charges +€745
up €745 (+138.5%), from €537 to €1,282
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 | €135,530 | €326,774 | +€191,244 | +141.1% |
| Fixed assets | 21/28 | €3,874 | €191,617 | +€187,743 | +4846.2% |
| Tangible fixed assets | 22/27 | €3,874 | €191,617 | +€187,743 | +4846.2% |
| Land and buildings | 22 | - | €189,203 | +€189,203 | |
| Plant, machinery and equipment | 23 | €3,874 | €2,414 | -€1,460 | -37.7% |
| Current assets | 29/58 | €131,656 | €135,157 | +€3,501 | +2.7% |
| Amounts receivable within one year | 40/41 | €48,379 | €95,872 | +€47,493 | +98.2% |
| Trade receivables | 40 | €8,114 | €5,938 | -€2,176 | -26.8% |
| Other amounts receivable | 41 | €40,265 | €89,934 | +€49,669 | +123.4% |
| Cash at bank and in hand | 54/58 | €83,277 | €38,382 | -€44,895 | -53.9% |
| Deferred charges and accrued income | 490/1 | - | €903 | +€903 | |
| Total equity and liabilities | 10/49 | €135,530 | €326,774 | +€191,244 | +141.1% |
| Equity | 10/15 | €87,695 | €116,216 | +€28,521 | +32.5% |
| Reserves | 13 | €87,695 | €116,216 | +€28,521 | +32.5% |
| Distributable reserves | 133 | €87,695 | €116,216 | +€28,521 | +32.5% |
| Amounts payable | 17/49 | €47,835 | €210,558 | +€162,722 | +340.2% |
| Amounts payable within one year | 42/48 | €47,835 | €210,558 | +€162,722 | +340.2% |
| Trade debts | 44 | €1,861 | €190,916 | +€189,055 | +10159.3% |
| Suppliers | 440/4 | €1,861 | €190,916 | +€189,055 | +10159.3% |
| Taxes, remuneration and social security | 45 | €45,975 | €19,642 | -€26,332 | -57.3% |
| Taxes | 450/3 | €45,975 | €19,642 | -€26,332 | -57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €834 | €1,592 | +€759 | +91.0% |
| Other operating charges | 640/8 | €537 | €1,282 | +€745 | +138.5% |
| Gross operating margin | 9900 | €58,647 | €34,378 | -€24,269 | -41.4% |
| Operating profit (loss) | 9901 | €57,276 | €31,504 | -€25,772 | -45.0% |
| Financial income | 75/76B | €2,441 | €2,160 | -€281 | -11.5% |
| Recurring financial income | 75 | €2,441 | €2,160 | -€281 | -11.5% |
| Financial charges | 65/66B | €64 | €487 | +€424 | +664.9% |
| Recurring financial charges | 65 | €64 | €487 | +€424 | +664.9% |
| Profit (loss) for the period before taxes | 9903 | €59,653 | €33,176 | -€26,477 | -44.4% |
| Income taxes | 67/77 | €19,346 | €4,655 | -€14,691 | -75.9% |
| Profit (loss) for the period | 9904 | €40,307 | €28,521 | -€11,786 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,307 | €28,521 | -€11,786 | -29.2% |
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 3 October 2026 via checked.be.