Admiral Digital: 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.
Admiral Digital
Largest movements
- Cash -€74,492
down €74,492 (-30.4%), from €245,253 to €170,761
mainly Other debts (-€158,464) and Trade debts (-€7,627)
- Receivables within one year -€21,587
down €21,587 (-41.7%), from €51,776 to €30,190
of which Trade receivables: -€21,459
- Other debts -€158,464
down €158,464 (-66.6%), from €237,796 to €79,332
- Reserves +€53,510
up €53,510 (+198.8%), from €26,914 to €80,424
- Tax, wage and social debts +€15,358
up €15,358 (+73.1%), from €21,006 to €36,364
- Trade debts -€7,627
down €7,627 (-66.6%), from €11,458 to €3,830
- Gross operating margin +€32,780
up €32,780 (+97.6%), from €33,600 to €66,380
- Taxes +€6,638
up €6,638 (+98.5%), from €6,739 to €13,378
- Financial income +€858
up €858 (+1208.2%), from €71 to €929
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 | €298,174 | €200,951 | -€97,223 | -32.6% |
| Fixed assets | 21/28 | €1,145 | €0 | -€1,145 | -100.0% |
| Financial fixed assets | 28 | €1,145 | €0 | -€1,145 | -100.0% |
| Current assets | 29/58 | €297,029 | €200,951 | -€96,078 | -32.3% |
| Amounts receivable within one year | 40/41 | €51,776 | €30,190 | -€21,587 | -41.7% |
| Trade receivables | 40 | €51,648 | €30,190 | -€21,459 | -41.5% |
| Other amounts receivable | 41 | €128 | €0 | -€128 | -100.0% |
| Cash at bank and in hand | 54/58 | €245,253 | €170,761 | -€74,492 | -30.4% |
| Total equity and liabilities | 10/49 | €298,174 | €200,951 | -€97,223 | -32.6% |
| Equity | 10/15 | €27,914 | €81,424 | +€53,510 | +191.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €26,914 | €80,424 | +€53,510 | +198.8% |
| Distributable reserves | 133 | €26,914 | €80,424 | +€53,510 | +198.8% |
| Amounts payable | 17/49 | €270,260 | €119,526 | -€150,733 | -55.8% |
| Amounts payable within one year | 42/48 | €270,260 | €119,526 | -€150,733 | -55.8% |
| Trade debts | 44 | €11,458 | €3,830 | -€7,627 | -66.6% |
| Suppliers | 440/4 | €11,458 | €3,830 | -€7,627 | -66.6% |
| Taxes, remuneration and social security | 45 | €21,006 | €36,364 | +€15,358 | +73.1% |
| Taxes | 450/3 | €21,006 | €36,364 | +€15,358 | +73.1% |
| Other amounts payable | 47/48 | €237,796 | €79,332 | -€158,464 | -66.6% |
| Gross operating margin | 9900 | €33,600 | €66,380 | +€32,780 | +97.6% |
| Operating profit (loss) | 9901 | €33,600 | €66,380 | +€32,780 | +97.6% |
| Financial income | 75/76B | €71 | €929 | +€858 | +1208.2% |
| Recurring financial income | 75 | €71 | €929 | +€858 | +1208.2% |
| Financial charges | 65/66B | €18 | €421 | +€403 | +2246.9% |
| Recurring financial charges | 65 | €18 | €421 | +€403 | +2246.9% |
| Profit (loss) for the period before taxes | 9903 | €33,653 | €66,888 | +€33,235 | +98.8% |
| Income taxes | 67/77 | €6,739 | €13,378 | +€6,638 | +98.5% |
| Profit (loss) for the period | 9904 | €26,914 | €53,510 | +€26,596 | +98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,914 | €53,510 | +€26,596 | +98.8% |
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 11 October 2026 via checked.be.