ADIMMO: 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
ADIMMO
NACE 77.320, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€38,773
2024 · €5.1m-€5.0m
Equity
€622,512
2024 · €583,739+€38,773
Cash
€5.0m
2024 · €5.2m-€229,093
Balance sheet total
€17.4m
2024 · €17.7m-€291,195
Largest movements
Assets
- Tangible fixed assets -€2.6m
down €2.6m (-70.2%), from €3.7m to €1.1m
of which Land and buildings: -€2.6m
- Current investments +€2.3m
up €2.3m (+52.7%), from €4.4m to €6.7m
- Cash -€229,093
down €229,093 (-4.4%), from €5.2m to €5.0m
mainly Current investments (-€2.3m) and Debts after one year (-€308,663)
Equity and liabilities
- Debts after one year -€308,663
down €308,663 (-22.3%), from €1.4m to €1.1m
Income statement
- Financial income -€5.1m
down €5.1m (-93.9%), from €5.4m to €331,313
- Depreciation -€120,907
down €120,907 (-38.6%), from €313,343 to €192,436
- Gross operating margin -€89,579
down €89,579, from €52,014 to -€37,565
- Taxes +€6,145
up €6,145 (+624%), from €986 to €7,131
- Other operating charges -€6,029
down €6,029 (-17.5%), from €34,548 to €28,519
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
€5.1m
Gross operating margin
-€89,579
Depreciation
+€120,907
Other operating charges
+€6,029
Other operating items
+€1,607
Financial income
-€5.1m
Financial charges
-€29
Taxes
-€6,145
Result 2025
€38,773
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
+€151,111
Investment
-€54,871
Financing
-€325,333
Cash 2024
€5.2m
From operations (derived)
+€151,111
Net result for the year
+€38,773
Depreciation
+€192,436
Receivables within one year
-€94,163
Deferred charges and accrued income
+€18,699
Provisions
-€4,819
Trade debts
+€125,998
Other debts
-€111,905
Accrued charges and deferred income
-€13,908
Investment (derived)
-€54,871
Investment in fixed assets (net)
+€2.2m
Current investments
-€2.3m
Financing
-€325,333
Debts after one year
-€308,663
Current portion of long-term debt
-€4
Short-term financial debts
-€16,667
Cash 2025
€5.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,741,039 | €17,449,845 | -€291,195 | -1.6% |
| Fixed assets | 21/28 | €6,750,402 | €4,315,699 | -€2.4m | -36.1% |
| Tangible fixed assets | 22/27 | €3,715,637 | €1,105,934 | -€2.6m | -70.2% |
| Land and buildings | 22 | €3,633,118 | €1,046,046 | -€2.6m | -71.2% |
| Plant, machinery and equipment | 23 | €13,384 | €9,101 | -€4,283 | -32.0% |
| Furniture and vehicles | 24 | €66,936 | €48,587 | -€18,349 | -27.4% |
| Other tangible fixed assets | 26 | €2,200 | €2,200 | = | 0.0% |
| Financial fixed assets | 28 | €3,034,765 | €3,209,765 | +€175,000 | +5.8% |
| Current assets | 29/58 | €10,990,637 | €13,134,146 | +€2.1m | +19.5% |
| Amounts receivable within one year | 40/41 | €1,326,637 | €1,420,800 | +€94,163 | +7.1% |
| Trade receivables | 40 | €39,370 | €45,643 | +€6,273 | +15.9% |
| Other amounts receivable | 41 | €1,287,268 | €1,375,157 | +€87,890 | +6.8% |
| Current investments | 50/53 | €4,358,660 | €6,655,798 | +€2.3m | +52.7% |
| Cash at bank and in hand | 54/58 | €5,184,565 | €4,955,472 | -€229,093 | -4.4% |
| Deferred charges and accrued income | 490/1 | €120,775 | €102,076 | -€18,699 | -15.5% |
| Total equity and liabilities | 10/49 | €17,741,039 | €17,449,845 | -€291,195 | -1.6% |
| Equity | 10/15 | €583,739 | €622,512 | +€38,773 | +6.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €521,739 | €560,000 | +€38,261 | +7.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €96,496 | €82,039 | -€14,458 | -15.0% |
| Distributable reserves | 133 | €419,043 | €471,761 | +€52,719 | +12.6% |
| Profit (loss) carried forward | 14 | - | €512 | +€512 | |
| Provisions and deferred taxes | 16 | €31,765 | €26,945 | -€4,819 | -15.2% |
| Deferred taxes | 168 | €31,765 | €26,945 | -€4,819 | -15.2% |
| Amounts payable | 17/49 | €17,125,536 | €16,800,388 | -€325,148 | -1.9% |
| Amounts payable after more than one year | 17 | €1,385,717 | €1,077,055 | -€308,663 | -22.3% |
| Financial debts | 170/4 | €1,385,717 | €1,077,055 | -€308,663 | -22.3% |
| Amounts payable within one year | 42/48 | €15,725,910 | €15,723,333 | -€2,578 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €308,671 | €308,667 | -€4 | 0.0% |
| Financial debts | 43 | €101,389 | €84,722 | -€16,667 | -16.4% |
| Credit institutions | 430/8 | €101,389 | €84,722 | -€16,667 | -16.4% |
| Trade debts | 44 | €215,851 | €341,849 | +€125,998 | +58.4% |
| Suppliers | 440/4 | €215,851 | €341,849 | +€125,998 | +58.4% |
| Other amounts payable | 47/48 | €15,100,000 | €14,988,095 | -€111,905 | -0.7% |
| Accrued charges and deferred income | 492/3 | €13,908 | - | -€13,908 | |
| Non-recurring operating income | 76A | €42,329 | €256,641 | +€214,312 | +506% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313,343 | €192,436 | -€120,907 | -38.6% |
| Other operating charges | 640/8 | €34,548 | €28,519 | -€6,029 | -17.5% |
| Non-recurring operating charges | 66A | €2,123 | €516 | -€1,607 | -75.7% |
| Gross operating margin | 9900 | €52,014 | -€37,565 | -€89,579 | |
| Operating profit (loss) | 9901 | -€298,000 | -€259,036 | +€38,964 | +13.1% |
| Financial income | 75/76B | €5,412,625 | €331,313 | -€5.1m | -93.9% |
| Recurring financial income | 75 | €5,412,625 | €331,313 | -€5.1m | -93.9% |
| Financial charges | 65/66B | €31,164 | €31,193 | +€29 | +0.1% |
| Recurring financial charges | 65 | €31,164 | €31,193 | +€29 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €5,083,461 | €41,084 | -€5.0m | -99.2% |
| Transfer from deferred taxes | 780 | €4,819 | €4,819 | = | 0.0% |
| Income taxes | 67/77 | €986 | €7,131 | +€6,145 | +624% |
| Profit (loss) for the period | 9904 | €5,087,294 | €38,773 | -€5.0m | -99.2% |
| Transfer from tax-exempt reserves | 789 | €14,458 | €14,458 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,101,752 | €53,230 | -€5.0m | -99.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.