ADRIMMO: 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.
What changed
ADRIMMO
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1,282
2024 · -€25,229+€23,947
Equity
€1.1m
2024 · €1.1m-€1,282
Cash
€43,516
2024 · €68,916-€25,400
Balance sheet total
€1.8m
2024 · €1.9m-€67,056
Largest movements
Assets
- Tangible fixed assets -€44,902
down €44,902 (-2.6%), from €1.7m to €1.7m
- Cash -€25,400
down €25,400 (-36.9%), from €68,916 to €43,516
mainly Debts after one year (-€56,816) and Investment in fixed assets (net) (-€11,911)
Equity and liabilities
- Debts after one year -€56,816
down €56,816 (-15.4%), from €369,323 to €312,506
Income statement
- Gross operating margin +€37,866
up €37,866 (+84.7%), from €44,697 to €82,564
- Other operating charges +€12,859
up €12,859 (+183%), from €7,031 to €19,890
- Taxes +€8,760
up €8,760 (+258%), from €3,401 to €12,160
- Write-downs -€8,240
down €8,240, from €4,800 to -€3,440
- Financial charges +€2,881
up €2,881 (+35.4%), from €8,142 to €11,023
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
-€25,229
Gross operating margin
+€37,866
Depreciation
-€2,672
Write-downs
+€8,240
Other operating charges
-€12,859
Financial income
+€2,879
Financial charges
-€2,881
Taxes
-€8,760
Deferred taxes and other
+€2,133
Result 2025
-€1,282
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€43,306
Investment
-€11,911
Financing
-€56,795
Cash 2024
€68,916
From operations (derived)
+€43,306
Net result for the year
-€1,282
Depreciation
+€58,313
Receivables within one year
-€4,178
Deferred charges and accrued income
-€568
Provisions
-€10,664
Trade debts
-€10,382
Tax, wage and social debts
+€12,067
Investment (derived)
-€11,911
Investment in fixed assets (net)
-€11,911
Financing
-€56,795
Debts after one year
-€56,816
Current portion of long-term debt
+€22
Cash 2025
€43,516
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,860,922 | €1,793,866 | -€67,056 | -3.6% |
| Fixed assets | 21/28 | €1,721,355 | €1,674,953 | -€46,402 | -2.7% |
| Intangible fixed assets | 21 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Tangible fixed assets | 22/27 | €1,718,355 | €1,673,453 | -€44,902 | -2.6% |
| Land and buildings | 22 | €1,718,355 | €1,673,453 | -€44,902 | -2.6% |
| Current assets | 29/58 | €139,567 | €118,912 | -€20,654 | -14.8% |
| Amounts receivable within one year | 40/41 | €70,651 | €74,829 | +€4,178 | +5.9% |
| Trade receivables | 40 | €9,735 | €2,885 | -€6,850 | -70.4% |
| Other amounts receivable | 41 | €60,916 | €71,944 | +€11,028 | +18.1% |
| Cash at bank and in hand | 54/58 | €68,916 | €43,516 | -€25,400 | -36.9% |
| Deferred charges and accrued income | 490/1 | - | €568 | +€568 | |
| Total equity and liabilities | 10/49 | €1,860,922 | €1,793,866 | -€67,056 | -3.6% |
| Equity | 10/15 | €1,135,406 | €1,134,124 | -€1,282 | -0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,116,814 | €1,115,532 | -€1,282 | -0.1% |
| Non-distributable reserves | 130/1 | €11,147 | €11,147 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,147 | €11,147 | = | 0.0% |
| Tax-exempt reserves | 132 | €969,660 | €937,667 | -€31,993 | -3.3% |
| Distributable reserves | 133 | €136,006 | €166,717 | +€30,711 | +22.6% |
| Provisions and deferred taxes | 16 | €256,279 | €245,614 | -€10,664 | -4.2% |
| Provisions for liabilities and charges | 160/5 | €32,000 | €32,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €32,000 | €32,000 | = | 0.0% |
| Deferred taxes | 168 | €224,279 | €213,614 | -€10,664 | -4.8% |
| Amounts payable | 17/49 | €469,237 | €414,128 | -€55,110 | -11.7% |
| Amounts payable after more than one year | 17 | €369,323 | €312,506 | -€56,816 | -15.4% |
| Financial debts | 170/4 | €369,323 | €312,506 | -€56,816 | -15.4% |
| Amounts payable within one year | 42/48 | €99,915 | €101,622 | +€1,707 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €58,049 | €58,071 | +€22 | 0.0% |
| Trade debts | 44 | €41,866 | €31,484 | -€10,382 | -24.8% |
| Suppliers | 440/4 | €41,866 | €31,484 | -€10,382 | -24.8% |
| Taxes, remuneration and social security | 45 | €0 | €12,067 | +€12,067 | |
| Taxes | 450/3 | €0 | €12,067 | +€12,067 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,641 | €58,313 | +€2,672 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,800 | -€3,440 | -€8,240 | |
| Other operating charges | 640/8 | €7,031 | €19,890 | +€12,859 | +183% |
| Gross operating margin | 9900 | €44,697 | €82,564 | +€37,866 | +84.7% |
| Operating profit (loss) | 9901 | -€22,775 | €7,800 | +€30,575 | |
| Financial income | 75/76B | €557 | €3,436 | +€2,879 | +517% |
| Recurring financial income | 75 | €557 | €3,436 | +€2,879 | +517% |
| Financial charges | 65/66B | €8,142 | €11,023 | +€2,881 | +35.4% |
| Recurring financial charges | 65 | €8,142 | €11,023 | +€2,881 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | -€30,360 | €214 | +€30,573 | |
| Transfer from deferred taxes | 780 | €8,532 | €10,664 | +€2,133 | +25.0% |
| Income taxes | 67/77 | €3,401 | €12,160 | +€8,760 | +258% |
| Profit (loss) for the period | 9904 | -€25,229 | -€1,282 | +€23,947 | +94.9% |
| Transfer from tax-exempt reserves | 789 | €34,126 | €31,993 | -€2,133 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,898 | €30,711 | +€21,814 | +245% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.