ADREM CONSULT: 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.
ADREM CONSULT
Largest movements
- Tangible fixed assets +€13,704
new in 2025: €13,704
- Receivables within one year -€3,717
down €3,717 (-22.8%), from €16,287 to €12,571
of which Trade receivables: -€3,712
- Deferred charges and accrued income -€399
down €399 (-43.9%), from €909 to €510
- Debts after one year +€15,000
new in 2025: €15,000
- Profit (loss) carried forward -€12,389
down €12,389 (-307.6%), from -€4,027 to -€16,416
- Tax, wage and social debts +€6,513
up €6,513 (+64.2%), from €10,142 to €16,655
of which Remuneration and social security: +€6,286
- Trade debts +€665
up €665 (+496.2%), from €134 to €800
- Staff costs +€13,014
up €13,014 (+31.4%), from €41,477 to €54,492
- Gross operating margin -€11,706
down €11,706 (-21.0%), from €55,813 to €44,107
- Depreciation +€1,246
new in 2025: €1,246
- Other operating charges -€590
down €590 (-59.6%), from €989 to €400
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 | €22,009 | €31,799 | +€9,790 | +44.5% |
| Fixed assets | 21/28 | - | €13,704 | +€13,704 | |
| Tangible fixed assets | 22/27 | - | €13,704 | +€13,704 | |
| Furniture and vehicles | 24 | - | €13,704 | +€13,704 | |
| Current assets | 29/58 | €22,009 | €18,095 | -€3,914 | -17.8% |
| Amounts receivable within one year | 40/41 | €16,287 | €12,571 | -€3,717 | -22.8% |
| Trade receivables | 40 | €14,211 | €10,499 | -€3,712 | -26.1% |
| Other amounts receivable | 41 | €2,076 | €2,072 | -€4 | -0.2% |
| Cash at bank and in hand | 54/58 | €4,813 | €5,014 | +€202 | +4.2% |
| Deferred charges and accrued income | 490/1 | €909 | €510 | -€399 | -43.9% |
| Total equity and liabilities | 10/49 | €22,009 | €31,799 | +€9,790 | +44.5% |
| Equity | 10/15 | €10,233 | -€2,156 | -€12,389 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,027 | -€16,416 | -€12,389 | -307.6% |
| Amounts payable | 17/49 | €11,776 | €33,955 | +€22,179 | +188.3% |
| Amounts payable after more than one year | 17 | - | €15,000 | +€15,000 | |
| Financial debts | 170/4 | - | €15,000 | +€15,000 | |
| Amounts payable within one year | 42/48 | €10,276 | €17,455 | +€7,179 | +69.9% |
| Trade debts | 44 | €134 | €800 | +€665 | +496.2% |
| Suppliers | 440/4 | €134 | €800 | +€665 | +496.2% |
| Taxes, remuneration and social security | 45 | €10,142 | €16,655 | +€6,513 | +64.2% |
| Taxes | 450/3 | €7,334 | €7,561 | +€227 | +3.1% |
| Remuneration and social security | 454/9 | €2,808 | €9,094 | +€6,286 | +223.9% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,818 | +€1,818 | |
| Remuneration, social security and pensions | 62 | €41,477 | €54,492 | +€13,014 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,246 | +€1,246 | |
| Other operating charges | 640/8 | €989 | €400 | -€590 | -59.6% |
| Gross operating margin | 9900 | €55,813 | €44,107 | -€11,706 | -21.0% |
| Operating profit (loss) | 9901 | €13,346 | -€12,031 | -€25,376 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €78 | €180 | +€102 | +129.9% |
| Recurring financial charges | 65 | €78 | €180 | +€102 | +129.9% |
| Profit (loss) for the period before taxes | 9903 | €13,268 | -€12,210 | -€25,478 | |
| Income taxes | 67/77 | €174 | €178 | +€4 | +2.4% |
| Profit (loss) for the period | 9904 | €13,094 | -€12,389 | -€25,482 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,094 | -€12,389 | -€25,482 |
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 4 October 2026 via checked.be.