Admiro: 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.
What changed
Admiro
NACE 46.412, Wholesale of household textiles and bedding
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€65,941
2024 · €288,366-€222,425
Equity
€6.0m
2024 · €8.4m-€2.4m
Cash
€911,069
2024 · €954,769-€43,699
Balance sheet total
€8.2m
2024 · €10.6m-€2.4m
Largest movements
Assets
- Stocks and contracts -€1.2m
down €1.2m (-80.9%), from €1.5m to €283,332
- Receivables within one year -€1.2m
down €1.2m (-14.2%), from €8.1m to €7.0m
of which Trade receivables: -€1.1m
Equity and liabilities
- Profit (loss) carried forward -€2.4m
down €2.4m (-41.2%), from €5.9m to €3.5m
Income statement
- Turnover -€5.6m
down €5.6m (-18.0%), from €31.0m to €25.4m
- Goods and materials -€5.2m
down €5.2m (-17.9%), from €29.3m to €24.0m
of which Purchases: -€5.2m
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.
Result 2024
€288,366
Turnover
-€5.6m
Other operating income
+€10,754
Goods and materials
+€5.2m
Services and other goods
+€17,873
Staff costs
-€16,854
Other operating charges
+€1,521
Financial income
-€11,197
Financial charges
+€8,191
Taxes
+€113,924
Result 2025
€65,941
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.
From operations
+€2.5m
Investment
€0
Financing
-€2.5m
Cash 2024
€954,769
From operations (derived)
+€2.5m
Net result for the year
+€65,941
Stocks and contracts
+€1.2m
Receivables within one year
+€1.2m
Trade debts
+€25,513
Tax, wage and social debts
+€28,114
Other debts
-€7,091
Accrued charges and deferred income
-€13,845
Financing
-€2.5m
Contributions, distributions and other
-€2.5m
Cash 2025
€911,069
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,581,331 | €8,180,574 | -€2.4m | -22.7% |
| Fixed assets | 21/28 | €1,022 | €1,022 | = | 0.0% |
| Financial fixed assets | 28 | €1,022 | €1,022 | = | 0.0% |
| Affiliated companies | 280/1 | €1,022 | €1,022 | = | 0.0% |
| Participating interests | 280 | €1,022 | €1,022 | = | 0.0% |
| Current assets | 29/58 | €10,580,309 | €8,179,552 | -€2.4m | -22.7% |
| Stocks and contracts in progress | 3 | €1,486,664 | €283,332 | -€1.2m | -80.9% |
| Stocks | 30/36 | €1,486,664 | €283,332 | -€1.2m | -80.9% |
| Goods purchased for resale | 34 | €1,486,664 | €283,332 | -€1.2m | -80.9% |
| Amounts receivable within one year | 40/41 | €8,138,876 | €6,985,151 | -€1.2m | -14.2% |
| Trade receivables | 40 | €7,347,139 | €6,278,276 | -€1.1m | -14.5% |
| Other amounts receivable | 41 | €791,737 | €706,874 | -€84,863 | -10.7% |
| Current investments | 50/53 | - | €0 | = | |
| Other investments | 51/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €954,769 | €911,069 | -€43,699 | -4.6% |
| Total equity and liabilities | 10/49 | €10,581,331 | €8,180,574 | -€2.4m | -22.7% |
| Equity | 10/15 | €8,387,987 | €5,954,540 | -€2.4m | -29.0% |
| Contributions | 10/11 | €625,931 | €625,931 | = | 0.0% |
| Capital | 10 | €625,931 | €625,931 | = | 0.0% |
| Issued capital | 100 | €625,931 | €625,931 | = | 0.0% |
| Reserves | 13 | €1,878,973 | €1,871,720 | -€7,252 | -0.4% |
| Non-distributable reserves | 130/1 | €62,593 | €62,593 | = | 0.0% |
| Legal reserve | 130 | €62,593 | €62,593 | = | 0.0% |
| Tax-exempt reserves | 132 | €870,302 | €273,650 | -€596,652 | -68.6% |
| Distributable reserves | 133 | €946,077 | €1,535,477 | +€589,400 | +62.3% |
| Profit (loss) carried forward | 14 | €5,883,083 | €3,456,889 | -€2.4m | -41.2% |
| Amounts payable | 17/49 | €2,193,344 | €2,226,034 | +€32,691 | +1.5% |
| Amounts payable within one year | 42/48 | €2,178,520 | €2,225,056 | +€46,536 | +2.1% |
| Trade debts | 44 | €2,098,606 | €2,124,119 | +€25,513 | +1.2% |
| Suppliers | 440/4 | €2,098,606 | €2,124,119 | +€25,513 | +1.2% |
| Taxes, remuneration and social security | 45 | €72,823 | €100,937 | +€28,114 | +38.6% |
| Taxes | 450/3 | €42,524 | €70,671 | +€28,147 | +66.2% |
| Remuneration and social security | 454/9 | €30,299 | €30,266 | -€33 | -0.1% |
| Other amounts payable | 47/48 | €7,091 | - | -€7,091 | |
| Accrued charges and deferred income | 492/3 | €14,824 | €978 | -€13,845 | -93.4% |
| Operating income | 70/76A | €30,987,176 | €25,414,075 | -€5.6m | -18.0% |
| Turnover | 70 | €30,983,418 | €25,399,563 | -€5.6m | -18.0% |
| Other operating income | 74 | €3,758 | €14,512 | +€10,754 | +286.2% |
| Operating charges | 60/66A | €30,568,042 | €25,328,285 | -€5.2m | -17.1% |
| Goods for resale, raw materials and consumables | 60 | €29,260,450 | €24,023,232 | -€5.2m | -17.9% |
| Purchases | 600/8 | €28,005,900 | €22,819,901 | -€5.2m | -18.5% |
| Change in stocks: decrease (increase) | 609 | €1,254,550 | €1,203,332 | -€51,219 | -4.1% |
| Services and other goods | 61 | €1,030,534 | €1,012,661 | -€17,873 | -1.7% |
| Remuneration, social security and pensions | 62 | €272,152 | €289,006 | +€16,854 | +6.2% |
| Other operating charges | 640/8 | €4,907 | €3,385 | -€1,521 | -31.0% |
| Operating profit (loss) | 9901 | €419,134 | €85,790 | -€333,344 | -79.5% |
| Financial income | 75/76B | €64,578 | €53,380 | -€11,197 | -17.3% |
| Recurring financial income | 75 | €64,578 | €53,380 | -€11,197 | -17.3% |
| Income from financial fixed assets | 750 | €195 | €17 | -€178 | -91.1% |
| Income from current assets | 751 | €0 | €13,587 | +€13,587 | +27173180.0% |
| Other financial income | 752/9 | €64,383 | €39,776 | -€24,606 | -38.2% |
| Financial charges | 65/66B | €56,577 | €48,385 | -€8,191 | -14.5% |
| Recurring financial charges | 65 | €56,577 | €48,385 | -€8,191 | -14.5% |
| Debt charges | 650 | - | €0 | +€0 | |
| Other financial charges | 652/9 | €56,577 | €48,385 | -€8,192 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €427,135 | €90,785 | -€336,349 | -78.7% |
| Income taxes | 67/77 | €138,769 | €24,845 | -€113,924 | -82.1% |
| Taxes | 670/3 | €138,769 | €26,169 | -€112,600 | -81.1% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,324 | +€1,324 | |
| Profit (loss) for the period | 9904 | €288,366 | €65,941 | -€222,425 | -77.1% |
| Transfer from tax-exempt reserves | 789 | €81,880 | €596,652 | +€514,772 | +628.7% |
| Transfer to tax-exempt reserves | 689 | €273,650 | €0 | -€273,650 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €96,596 | €662,593 | +€565,997 | +585.9% |
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 2 October 2026 via checked.be.