ADMIPART: 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.
ADMIPART
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€124,269
up €124,269 (+42.2%), from €294,289 to €418,558
- Staff costs +€7,958
up €7,958 (+7.0%), from €113,819 to €121,778
- Depreciation -€6,162
no longer reported in 2025 (was €6,162)
- Financial charges +€5,659
up €5,659 (+3.5%), from €161,570 to €167,229
of which Non-recurring financial charges: +€7,212
- Taxes +€4,725
up €4,725 (+91.2%), from €5,183 to €9,908
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 | €14,853,699 | €14,935,507 | +€81,808 | +0.6% |
| Fixed assets | 21/28 | €14,239,302 | €14,239,302 | = | 0.0% |
| Financial fixed assets | 28 | €14,239,302 | €14,239,302 | = | 0.0% |
| Current assets | 29/58 | €614,397 | €696,205 | +€81,808 | +13.3% |
| Amounts receivable within one year | 40/41 | €4,817 | €35,092 | +€30,275 | +628% |
| Other amounts receivable | 41 | €4,817 | €35,092 | +€30,275 | +628% |
| Cash at bank and in hand | 54/58 | €609,333 | €661,113 | +€51,780 | +8.5% |
| Deferred charges and accrued income | 490/1 | €247 | - | -€247 | |
| Total equity and liabilities | 10/49 | €14,853,699 | €14,935,507 | +€81,808 | +0.6% |
| Equity | 10/15 | €13,467,371 | €13,493,108 | +€25,737 | +0.2% |
| Contributions | 10/11 | €4,185,650 | €4,185,650 | = | 0.0% |
| Capital | 10 | €4,185,650 | €4,185,650 | = | 0.0% |
| Issued capital | 100 | €4,185,650 | €4,185,650 | = | 0.0% |
| Reserves | 13 | €418,565 | €418,565 | = | 0.0% |
| Non-distributable reserves | 130/1 | €418,565 | €418,565 | = | 0.0% |
| Legal reserve | 130 | €418,565 | €418,565 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,863,156 | €8,888,893 | +€25,737 | +0.3% |
| Provisions and deferred taxes | 16 | €1,377,887 | €1,339,974 | -€37,913 | -2.8% |
| Provisions for liabilities and charges | 160/5 | €1,377,887 | €1,339,974 | -€37,913 | -2.8% |
| Other liabilities and charges | 164/5 | €1,377,887 | €1,339,974 | -€37,913 | -2.8% |
| Amounts payable | 17/49 | €8,440 | €102,425 | +€93,985 | +1,113% |
| Amounts payable within one year | 42/48 | €8,440 | €102,425 | +€93,985 | +1,113% |
| Trade debts | 44 | €761 | €184 | -€577 | -75.9% |
| Suppliers | 440/4 | €761 | €184 | -€577 | -75.9% |
| Taxes, remuneration and social security | 45 | €7,680 | €9,841 | +€2,162 | +28.1% |
| Taxes | 450/3 | €5,820 | €7,913 | +€2,093 | +36.0% |
| Remuneration and social security | 454/9 | €1,860 | €1,928 | +€68 | +3.7% |
| Other amounts payable | 47/48 | - | €92,400 | +€92,400 | |
| Remuneration, social security and pensions | 62 | €113,819 | €121,778 | +€7,958 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,162 | - | -€6,162 | |
| Other operating charges | 640/8 | €1,489 | €1,507 | +€18 | +1.2% |
| Gross operating margin | 9900 | €294,289 | €418,558 | +€124,269 | +42.2% |
| Operating profit (loss) | 9901 | €172,819 | €295,274 | +€122,455 | +70.9% |
| Financial charges | 65/66B | €161,570 | €167,229 | +€5,659 | +3.5% |
| Recurring financial charges | 65 | €72,573 | €71,020 | -€1,552 | -2.1% |
| Non-recurring financial charges | 66B | €88,998 | €96,209 | +€7,212 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €11,249 | €128,045 | +€116,796 | +1,038% |
| Income taxes | 67/77 | €5,183 | €9,908 | +€4,725 | +91.2% |
| Profit (loss) for the period | 9904 | €6,066 | €118,137 | +€112,071 | +1,847% |
| Profit (loss) for the period to be appropriated | 9905 | €6,066 | €118,137 | +€112,071 | +1,847% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.