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.
ADRIMMO
Largest movements
- Tangible fixed assets -€20,535
down €20,535 (-2.6%), from €790,622 to €770,087
- Reserves -€48,199
down €48,199 (-19.9%), from €242,551 to €194,352
of which Distributable reserves: -€38,553
- Other debts +€38,407
up €38,407 (+10.6%), from €362,000 to €400,407
- Gross operating margin -€8,634
down €8,634, from €6,456 to -€2,179
- Financial charges -€4,989
down €4,989 (-17.7%), from €28,153 to €23,163
- Other operating charges -€413
down €413 (-6.9%), from €5,950 to €5,537
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 | €791,394 | €774,572 | -€16,822 | -2.1% |
| Fixed assets | 21/28 | €790,622 | €770,087 | -€20,535 | -2.6% |
| Tangible fixed assets | 22/27 | €790,622 | €770,087 | -€20,535 | -2.6% |
| Land and buildings | 22 | €790,622 | €770,087 | -€20,535 | -2.6% |
| Current assets | 29/58 | €772 | €4,485 | +€3,713 | +480.7% |
| Cash at bank and in hand | 54/58 | €772 | €4,485 | +€3,713 | +480.7% |
| Total equity and liabilities | 10/49 | €791,394 | €774,572 | -€16,822 | -2.1% |
| Equity | 10/15 | €341,709 | €293,510 | -€48,199 | -14.1% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €242,551 | €194,352 | -€48,199 | -19.9% |
| Tax-exempt reserves | 132 | €178,795 | €169,149 | -€9,646 | -5.4% |
| Distributable reserves | 133 | €63,756 | €25,203 | -€38,553 | -60.5% |
| Provisions and deferred taxes | 16 | €59,598 | €56,383 | -€3,215 | -5.4% |
| Deferred taxes | 168 | €59,598 | €56,383 | -€3,215 | -5.4% |
| Amounts payable | 17/49 | €390,087 | €424,679 | +€34,592 | +8.9% |
| Amounts payable within one year | 42/48 | €364,801 | €401,561 | +€36,759 | +10.1% |
| Trade debts | 44 | €2,801 | €1,154 | -€1,648 | -58.8% |
| Suppliers | 440/4 | €2,801 | €1,154 | -€1,648 | -58.8% |
| Other amounts payable | 47/48 | €362,000 | €400,407 | +€38,407 | +10.6% |
| Accrued charges and deferred income | 492/3 | €25,286 | €23,119 | -€2,167 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,535 | €20,535 | = | 0.0% |
| Other operating charges | 640/8 | €5,950 | €5,537 | -€413 | -6.9% |
| Gross operating margin | 9900 | €6,456 | -€2,179 | -€8,634 | |
| Operating profit (loss) | 9901 | -€20,029 | -€28,251 | -€8,221 | -41.0% |
| Financial charges | 65/66B | €28,153 | €23,163 | -€4,989 | -17.7% |
| Recurring financial charges | 65 | €28,153 | €23,163 | -€4,989 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | -€48,182 | -€51,414 | -€3,232 | -6.7% |
| Transfer from deferred taxes | 780 | €3,215 | €3,215 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€44,967 | -€48,199 | -€3,232 | -7.2% |
| Transfer from tax-exempt reserves | 789 | €9,646 | €9,646 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,321 | -€38,553 | -€3,232 | -9.2% |
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 11 October 2026 via checked.be.