ADSUMUS: 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.
ADSUMUS
Largest movements
- Receivables within one year +€79,940
up €79,940 (+88.4%), from €90,430 to €170,370
of which Other amounts receivable: +€50,865
- Cash +€27,548
up €27,548 (+194%), from €14,196 to €41,744
mainly Net result for the year (+€93,545) and Depreciation (+€9,420)
- Tangible fixed assets -€9,420
down €9,420 (-32.7%), from €28,769 to €19,350
of which Furniture and vehicles: -€8,322
- Profit (loss) carried forward +€93,545
up €93,545 (+156%), from €59,996 to €153,541
- Trade debts +€8,933
up €8,933 (+21.4%), from €41,772 to €50,704
- Gross operating margin +€153,144
up €153,144, from -€37,641 to €115,503
- Taxes +€11,374
up €11,374, from -€6 to €11,367
- Depreciation -€4,054
down €4,054 (-30.1%), from €13,474 to €9,420
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 | €159,173 | €258,466 | +€99,293 | +62.4% |
| Fixed assets | 21/28 | €28,769 | €19,350 | -€9,420 | -32.7% |
| Tangible fixed assets | 22/27 | €28,769 | €19,350 | -€9,420 | -32.7% |
| Plant, machinery and equipment | 23 | €1,606 | €508 | -€1,098 | -68.4% |
| Furniture and vehicles | 24 | €27,163 | €18,841 | -€8,322 | -30.6% |
| Current assets | 29/58 | €130,403 | €239,116 | +€108,713 | +83.4% |
| Amounts receivable within one year | 40/41 | €90,430 | €170,370 | +€79,940 | +88.4% |
| Trade receivables | 40 | €71,853 | €100,928 | +€29,075 | +40.5% |
| Other amounts receivable | 41 | €18,577 | €69,443 | +€50,865 | +274% |
| Current investments | 50/53 | €24,732 | €24,732 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,196 | €41,744 | +€27,548 | +194% |
| Deferred charges and accrued income | 490/1 | €1,045 | €2,270 | +€1,226 | +117% |
| Total equity and liabilities | 10/49 | €159,173 | €258,466 | +€99,293 | +62.4% |
| Equity | 10/15 | €105,188 | €198,733 | +€93,545 | +88.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,592 | €26,592 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,592 | €26,592 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,592 | €26,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,996 | €153,541 | +€93,545 | +156% |
| Amounts payable | 17/49 | €53,984 | €59,733 | +€5,748 | +10.6% |
| Amounts payable within one year | 42/48 | €53,984 | €59,733 | +€5,748 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €655 | - | -€655 | |
| Trade debts | 44 | €41,772 | €50,704 | +€8,933 | +21.4% |
| Suppliers | 440/4 | €41,772 | €50,704 | +€8,933 | +21.4% |
| Taxes, remuneration and social security | 45 | €28 | €28 | = | 0.0% |
| Taxes | 450/3 | €28 | €28 | = | 0.0% |
| Other amounts payable | 47/48 | €11,529 | €9,000 | -€2,529 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,474 | €9,420 | -€4,054 | -30.1% |
| Other operating charges | 640/8 | €298 | €697 | +€399 | +134% |
| Non-recurring operating charges | 66A | €68 | €58 | -€10 | -14.7% |
| Gross operating margin | 9900 | -€37,641 | €115,503 | +€153,144 | |
| Operating profit (loss) | 9901 | -€51,480 | €105,328 | +€156,808 | |
| Financial income | 75/76B | €48 | €40 | -€8 | -16.9% |
| Recurring financial income | 75 | €48 | €40 | -€8 | -16.9% |
| Financial charges | 65/66B | €638 | €456 | -€183 | -28.6% |
| Recurring financial charges | 65 | €638 | €456 | -€183 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | -€52,071 | €104,912 | +€156,983 | |
| Income taxes | 67/77 | -€6 | €11,367 | +€11,374 | |
| Profit (loss) for the period | 9904 | -€52,064 | €93,545 | +€145,609 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,064 | €93,545 | +€145,609 |
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 18 October 2026 via checked.be.