ADMORE SERVICES: 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.
ADMORE SERVICES
Largest movements
- Intangible fixed assets +€7,978
up €7,978 (+71.6%), from €11,148 to €19,127
- Receivables within one year -€5,903
down €5,903 (-7.9%), from €75,178 to €69,275
of which Trade receivables: -€19,173
- Cash -€4,156
down €4,156 (-19.2%), from €21,654 to €17,499
mainly Investment in fixed assets (net) (-€21,612) and Debts after one year (-€13,575)
- Deferred charges and accrued income +€3,503
up €3,503 (+51.9%), from €6,755 to €10,259
- Tangible fixed assets +€3,488
up €3,488 (+19.6%), from €17,824 to €21,312
of which Furniture and vehicles: +€2,548
- Current portion of long-term debt +€20,052
up €20,052 (+288%), from €6,960 to €27,011
- Debts after one year -€13,575
down €13,575 (-28.5%), from €47,685 to €34,111
- Trade debts -€6,564
down €6,564 (-15.9%), from €41,381 to €34,817
- Tax, wage and social debts +€6,161
up €6,161 (+18.5%), from €33,393 to €39,554
of which Taxes: +€7,712
- Accrued charges and deferred income -€1,730
down €1,730 (-94.5%), from €1,830 to €101
- Gross operating margin +€113,719
up €113,719 (+70.2%), from €162,085 to €275,804
- Staff costs +€105,954
up €105,954 (+69.9%), from €151,656 to €257,610
- Financial income +€3,428
up €3,428 (+7,059%), from €49 to €3,477
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 | €135,570 | €140,481 | +€4,911 | +3.6% |
| Fixed assets | 21/28 | €31,982 | €43,448 | +€11,466 | +35.9% |
| Intangible fixed assets | 21 | €11,148 | €19,127 | +€7,978 | +71.6% |
| Tangible fixed assets | 22/27 | €17,824 | €21,312 | +€3,488 | +19.6% |
| Land and buildings | 22 | €1,679 | €1,464 | -€215 | -12.8% |
| Plant, machinery and equipment | 23 | €1,790 | €2,945 | +€1,155 | +64.5% |
| Furniture and vehicles | 24 | €14,354 | €16,903 | +€2,548 | +17.8% |
| Financial fixed assets | 28 | €3,010 | €3,010 | = | 0.0% |
| Current assets | 29/58 | €103,588 | €97,032 | -€6,556 | -6.3% |
| Amounts receivable within one year | 40/41 | €75,178 | €69,275 | -€5,903 | -7.9% |
| Trade receivables | 40 | €75,098 | €55,925 | -€19,173 | -25.5% |
| Other amounts receivable | 41 | €80 | €13,350 | +€13,270 | +16,533% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €21,654 | €17,499 | -€4,156 | -19.2% |
| Deferred charges and accrued income | 490/1 | €6,755 | €10,259 | +€3,503 | +51.9% |
| Total equity and liabilities | 10/49 | €135,570 | €140,481 | +€4,911 | +3.6% |
| Equity | 10/15 | €3,132 | €3,479 | +€347 | +11.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €13,181 | €13,181 | = | 0.0% |
| Distributable reserves | 133 | €13,181 | €13,181 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,049 | -€34,701 | +€347 | +1.0% |
| Amounts payable | 17/49 | €132,438 | €137,002 | +€4,564 | +3.4% |
| Amounts payable after more than one year | 17 | €47,685 | €34,111 | -€13,575 | -28.5% |
| Financial debts | 170/4 | €47,685 | €34,111 | -€13,575 | -28.5% |
| Amounts payable within one year | 42/48 | €82,922 | €102,790 | +€19,868 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €6,960 | €27,011 | +€20,052 | +288% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €41,381 | €34,817 | -€6,564 | -15.9% |
| Suppliers | 440/4 | €41,381 | €34,817 | -€6,564 | -15.9% |
| Taxes, remuneration and social security | 45 | €33,393 | €39,554 | +€6,161 | +18.5% |
| Taxes | 450/3 | €8,436 | €16,148 | +€7,712 | +91.4% |
| Remuneration and social security | 454/9 | €24,957 | €23,406 | -€1,551 | -6.2% |
| Other amounts payable | 47/48 | €1,189 | €1,408 | +€219 | +18.4% |
| Accrued charges and deferred income | 492/3 | €1,830 | €101 | -€1,730 | -94.5% |
| Remuneration, social security and pensions | 62 | €151,656 | €257,610 | +€105,954 | +69.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,808 | €10,146 | +€2,338 | +29.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €382 | €2,716 | +€2,334 | +611% |
| Other operating charges | 640/8 | €1,292 | €1,538 | +€246 | +19.0% |
| Non-recurring operating charges | 66A | €54 | €0 | -€54 | -100% |
| Gross operating margin | 9900 | €162,085 | €275,804 | +€113,719 | +70.2% |
| Operating profit (loss) | 9901 | €893 | €3,794 | +€2,901 | +325% |
| Financial income | 75/76B | €49 | €3,477 | +€3,428 | +7,059% |
| Recurring financial income | 75 | €49 | €3,477 | +€3,428 | +7,059% |
| Financial charges | 65/66B | €8,665 | €6,755 | -€1,910 | -22.0% |
| Recurring financial charges | 65 | €8,665 | €6,755 | -€1,910 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,723 | €516 | +€8,239 | |
| Income taxes | 67/77 | €288 | €169 | -€119 | -41.4% |
| Profit (loss) for the period | 9904 | -€8,011 | €347 | +€8,358 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,011 | €347 | +€8,358 |
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 18 October 2026 via checked.be.