Adshim: 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.
Adshim
Largest movements
- Receivables within one year +€13,822
up €13,822 (+574%), from €2,410 to €16,232
of which Other amounts receivable: +€7,627
- Cash -€7,042
down €7,042 (-31.2%), from €22,602 to €15,559
mainly Contributions, distributions and other (-€26,444) and Receivables within one year (-€13,822)
- Other debts +€26,531
up €26,531 (+1,690%), from €1,570 to €28,101
- Reserves -€19,214
down €19,214 (-100%), from €19,214 to €0
- Tax, wage and social debts -€665
down €665 (-30.5%), from €2,183 to €1,517
- Accrued charges and deferred income +€400
new in 2025: €400
- Gross operating margin +€1,250
up €1,250 (+13.5%), from €9,227 to €10,477
- Taxes +€731
up €731 (+40.9%), from €1,790 to €2,521
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 | €25,012 | €31,791 | +€6,780 | +27.1% |
| Current assets | 29/58 | €25,012 | €31,791 | +€6,780 | +27.1% |
| Amounts receivable within one year | 40/41 | €2,410 | €16,232 | +€13,822 | +574% |
| Trade receivables | 40 | €2,410 | €8,605 | +€6,195 | +257% |
| Other amounts receivable | 41 | €0 | €7,627 | +€7,627 | |
| Cash at bank and in hand | 54/58 | €22,602 | €15,559 | -€7,042 | -31.2% |
| Total equity and liabilities | 10/49 | €25,012 | €31,791 | +€6,780 | +27.1% |
| Equity | 10/15 | €20,214 | €1,000 | -€19,214 | -95.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,214 | €0 | -€19,214 | -100% |
| Distributable reserves | 133 | €19,214 | €0 | -€19,214 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €4,797 | €30,791 | +€25,994 | +542% |
| Amounts payable within one year | 42/48 | €4,797 | €30,392 | +€25,594 | +534% |
| Trade debts | 44 | €1,045 | €773 | -€272 | -26.0% |
| Suppliers | 440/4 | €1,045 | €773 | -€272 | -26.0% |
| Taxes, remuneration and social security | 45 | €2,183 | €1,517 | -€665 | -30.5% |
| Taxes | 450/3 | €2,183 | €1,517 | -€665 | -30.5% |
| Other amounts payable | 47/48 | €1,570 | €28,101 | +€26,531 | +1,690% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €505 | €532 | +€26 | +5.2% |
| Gross operating margin | 9900 | €9,227 | €10,477 | +€1,250 | +13.5% |
| Operating profit (loss) | 9901 | €8,722 | €9,945 | +€1,224 | +14.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €125 | €194 | +€70 | +55.7% |
| Recurring financial charges | 65 | €125 | €194 | +€70 | +55.7% |
| Profit (loss) for the period before taxes | 9903 | €8,597 | €9,751 | +€1,154 | +13.4% |
| Income taxes | 67/77 | €1,790 | €2,521 | +€731 | +40.9% |
| Profit (loss) for the period | 9904 | €6,807 | €7,230 | +€423 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,807 | €7,230 | +€423 | +6.2% |
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 21 October 2026 via checked.be.