ADMIRES: 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.
ADMIRES
Largest movements
- Cash +€33,249
up €33,249 (+137.9%), from €24,106 to €57,355
mainly Net result for the year (+€61,612) and Current investments (+€12,377)
- Receivables within one year +€22,579
up €22,579 (+97.6%), from €23,136 to €45,715
of which Trade receivables: +€22,668
- Current investments -€12,377
down €12,377 (-3.9%), from €320,423 to €308,046
- Reserves +€41,693
up €41,693 (+12.0%), from €346,304 to €387,997
- Gross operating margin -€49,248
down €49,248 (-33.6%), from €146,576 to €97,328
- Financial income +€6,983
up €6,983 (+615.8%), from €1,134 to €8,117
- Taxes -€4,313
down €4,313 (-10.5%), from €41,001 to €36,689
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 | €381,855 | €425,351 | +€43,496 | +11.4% |
| Fixed assets | 21/28 | €14,190 | €14,235 | +€45 | +0.3% |
| Tangible fixed assets | 22/27 | €14,190 | €14,235 | +€45 | +0.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €14,190 | €14,235 | +€45 | +0.3% |
| Current assets | 29/58 | €367,665 | €411,116 | +€43,451 | +11.8% |
| Amounts receivable within one year | 40/41 | €23,136 | €45,715 | +€22,579 | +97.6% |
| Trade receivables | 40 | €23,047 | €45,715 | +€22,668 | +98.4% |
| Other amounts receivable | 41 | €89 | €0 | -€89 | -100.0% |
| Current investments | 50/53 | €320,423 | €308,046 | -€12,377 | -3.9% |
| Cash at bank and in hand | 54/58 | €24,106 | €57,355 | +€33,249 | +137.9% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €381,855 | €425,351 | +€43,496 | +11.4% |
| Equity | 10/15 | €346,304 | €387,997 | +€41,693 | +12.0% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €346,304 | €387,997 | +€41,693 | +12.0% |
| Distributable reserves | 133 | €346,304 | €387,997 | +€41,693 | +12.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €35,551 | €37,354 | +€1,803 | +5.1% |
| Amounts payable within one year | 42/48 | €35,551 | €37,354 | +€1,803 | +5.1% |
| Financial debts | 43 | - | €303 | +€303 | |
| Credit institutions | 430/8 | - | €303 | +€303 | |
| Trade debts | 44 | €1,428 | €1,872 | +€444 | +31.1% |
| Suppliers | 440/4 | €1,428 | €1,872 | +€444 | +31.1% |
| Taxes, remuneration and social security | 45 | €31,426 | €34,031 | +€2,605 | +8.3% |
| Taxes | 450/3 | €31,426 | €29,121 | -€2,305 | -7.3% |
| Remuneration and social security | 454/9 | €0 | €4,910 | +€4,910 | |
| Other amounts payable | 47/48 | €2,697 | €1,148 | -€1,549 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,981 | €5,868 | +€887 | +17.8% |
| Other operating charges | 640/8 | €448 | €689 | +€241 | +53.8% |
| Gross operating margin | 9900 | €146,576 | €97,328 | -€49,248 | -33.6% |
| Operating profit (loss) | 9901 | €141,147 | €90,770 | -€50,377 | -35.7% |
| Financial income | 75/76B | €1,134 | €8,117 | +€6,983 | +615.8% |
| Recurring financial income | 75 | €1,134 | €8,117 | +€6,983 | +615.8% |
| Financial charges | 65/66B | €464 | €587 | +€123 | +26.5% |
| Recurring financial charges | 65 | €464 | €587 | +€123 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €141,817 | €98,301 | -€43,516 | -30.7% |
| Income taxes | 67/77 | €41,001 | €36,689 | -€4,313 | -10.5% |
| Profit (loss) for the period | 9904 | €100,815 | €61,612 | -€39,203 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €100,815 | €61,612 | -€39,203 | -38.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.