Adremco: 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.
Adremco
Largest movements
- Tangible fixed assets -€658,682
down €658,682 (-12.9%), from €5.1m to €4.5m
of which Land and buildings: -€606,453
- Current investments +€250,000
new in 2025: €250,000
- Cash +€195,791
up €195,791 (+277.9%), from €70,442 to €266,233
mainly Investment in fixed assets (net) (+€453,027) and Depreciation (+€218,187)
- Receivables within one year -€106,898
down €106,898 (-74.2%), from €144,045 to €37,148
of which Other amounts receivable: -€111,061
- Other debts -€355,210
down €355,210 (-20.7%), from €1.7m to €1.4m
- Gross operating margin -€127,040
down €127,040 (-25.2%), from €503,251 to €376,211
- Depreciation -€103,780
down €103,780 (-32.2%), from €321,967 to €218,187
- Financial charges +€56,737
up €56,737 (+14820.4%), from €383 to €57,120
of which Non-recurring financial charges: +€50,226
- Staff costs +€26,322
up €26,322 (+159.4%), from €16,511 to €42,833
- Taxes -€17,437
down €17,437 (-45.4%), from €38,439 to €21,002
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 | €5,625,615 | €5,283,348 | -€342,267 | -6.1% |
| Fixed assets | 21/28 | €5,243,323 | €4,572,108 | -€671,214 | -12.8% |
| Intangible fixed assets | 21 | €117,822 | €105,290 | -€12,532 | -10.6% |
| Tangible fixed assets | 22/27 | €5,125,500 | €4,466,818 | -€658,682 | -12.9% |
| Land and buildings | 22 | €5,037,916 | €4,431,463 | -€606,453 | -12.0% |
| Plant, machinery and equipment | 23 | €36,255 | €11,106 | -€25,149 | -69.4% |
| Furniture and vehicles | 24 | €51,329 | €24,250 | -€27,080 | -52.8% |
| Current assets | 29/58 | €382,293 | €711,240 | +€328,947 | +86.0% |
| Amounts receivable after more than one year | 29 | €163,000 | €145,000 | -€18,000 | -11.0% |
| Other amounts receivable | 291 | €163,000 | €145,000 | -€18,000 | -11.0% |
| Stocks and contracts in progress | 3 | €3,471 | €3,988 | +€517 | +14.9% |
| Stocks | 30/36 | €3,471 | €3,988 | +€517 | +14.9% |
| Amounts receivable within one year | 40/41 | €144,045 | €37,148 | -€106,898 | -74.2% |
| Trade receivables | 40 | €13,269 | €17,433 | +€4,164 | +31.4% |
| Other amounts receivable | 41 | €130,776 | €19,715 | -€111,061 | -84.9% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €70,442 | €266,233 | +€195,791 | +277.9% |
| Deferred charges and accrued income | 490/1 | €1,335 | €8,871 | +€7,537 | +564.7% |
| Total equity and liabilities | 10/49 | €5,625,615 | €5,283,348 | -€342,267 | -6.1% |
| Equity | 10/15 | €3,884,049 | €3,887,485 | +€3,436 | +0.1% |
| Contributions | 10/11 | €51,310 | €51,310 | = | 0.0% |
| Reserves | 13 | €3,832,739 | €3,836,175 | +€3,436 | +0.1% |
| Distributable reserves | 133 | €3,832,739 | €3,836,175 | +€3,436 | +0.1% |
| Amounts payable | 17/49 | €1,741,566 | €1,395,863 | -€345,703 | -19.9% |
| Amounts payable within one year | 42/48 | €1,733,496 | €1,390,754 | -€342,743 | -19.8% |
| Trade debts | 44 | €11,504 | €6,627 | -€4,877 | -42.4% |
| Suppliers | 440/4 | €11,504 | €6,627 | -€4,877 | -42.4% |
| Taxes, remuneration and social security | 45 | €6,241 | €23,585 | +€17,344 | +277.9% |
| Taxes | 450/3 | €1,644 | €17,590 | +€15,946 | +970.1% |
| Remuneration and social security | 454/9 | €4,597 | €5,995 | +€1,398 | +30.4% |
| Other amounts payable | 47/48 | €1,715,751 | €1,360,541 | -€355,210 | -20.7% |
| Accrued charges and deferred income | 492/3 | €8,070 | €5,109 | -€2,960 | -36.7% |
| Non-recurring operating income | 76A | €175,346 | - | -€175,346 | |
| Remuneration, social security and pensions | 62 | €16,511 | €42,833 | +€26,322 | +159.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321,967 | €218,187 | -€103,780 | -32.2% |
| Other operating charges | 640/8 | €26,357 | €35,148 | +€8,792 | +33.4% |
| Gross operating margin | 9900 | €503,251 | €376,211 | -€127,040 | -25.2% |
| Operating profit (loss) | 9901 | €138,416 | €80,043 | -€58,373 | -42.2% |
| Financial income | 75/76B | €145 | €3,181 | +€3,036 | +2090.6% |
| Recurring financial income | 75 | €145 | €3,181 | +€3,036 | +2090.6% |
| Financial charges | 65/66B | €383 | €57,120 | +€56,737 | +14820.4% |
| Recurring financial charges | 65 | €383 | €6,893 | +€6,510 | +1700.6% |
| Non-recurring financial charges | 66B | - | €50,226 | +€50,226 | |
| Profit (loss) for the period before taxes | 9903 | €138,179 | €26,104 | -€112,074 | -81.1% |
| Income taxes | 67/77 | €38,439 | €21,002 | -€17,437 | -45.4% |
| Profit (loss) for the period | 9904 | €99,740 | €5,102 | -€94,638 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,740 | €5,102 | -€94,638 | -94.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.