ADMAN: what changed
What changed
ADMAN
NACE 18.130, Pre-press and pre-media services
filed annual accounts (NBB)
Net result for the year
€23,265
2024 · €15,880+€7,385
Equity
€204,701
2024 · €181,437+€23,265
Cash
€6,809
2024 · €7,388-€579
Balance sheet total
€222,170
2024 · €204,914+€17,256
Largest movements
Assets
- Receivables within one year +€13,491
up €13,491 (+8.5%), from €158,213 to €171,704
of which Other amounts receivable: +€13,495
- Stocks and contracts +€4,170
up €4,170 (+11.7%), from €35,780 to €39,950
Equity and liabilities
- Reserves +€23,265
up €23,265 (+13.3%), from €175,137 to €198,401
- Trade debts -€10,777
down €10,777 (-75.2%), from €14,335 to €3,558
- Tax, wage and social debts +€6,791
up €6,791 (+121%), from €5,612 to €12,403
Income statement
- Gross operating margin +€8,596
up €8,596 (+29.8%), from €28,862 to €37,457
- Taxes +€2,403
up €2,403 (+26.9%), from €8,947 to €11,350
- Other operating charges -€599
down €599 (-39.6%), from €1,513 to €914
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,880
Gross operating margin
+€8,596
Depreciation
+€251
Other operating charges
+€599
Financial income
+€8
Financial charges
+€333
Taxes
-€2,403
Result 2025
€23,265
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2,944
Investment
-€1,500
Financing
-€2,023
Cash 2024
€7,388
From operations (derived)
+€2,944
Net result for the year
+€23,265
Depreciation
+€1,579
Stocks and contracts
-€4,170
Receivables within one year
-€13,491
Deferred charges and accrued income
-€253
Trade debts
-€10,777
Tax, wage and social debts
+€6,791
Investment (derived)
-€1,500
Investment in fixed assets (net)
-€1,500
Financing
-€2,023
Current portion of long-term debt
-€2,023
Cash 2025
€6,809
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,914 | €222,170 | +€17,256 | +8.4% |
| Fixed assets | 21/28 | €3,533 | €3,454 | -€79 | -2.2% |
| Tangible fixed assets | 22/27 | €3,533 | €3,454 | -€79 | -2.2% |
| Land and buildings | 22 | €1,468 | €1,355 | -€113 | -7.7% |
| Plant, machinery and equipment | 23 | €324 | €96 | -€228 | -70.5% |
| Furniture and vehicles | 24 | €1,091 | €1,481 | +€390 | +35.7% |
| Other tangible fixed assets | 26 | €650 | €522 | -€128 | -19.7% |
| Current assets | 29/58 | €201,381 | €218,716 | +€17,335 | +8.6% |
| Stocks and contracts in progress | 3 | €35,780 | €39,950 | +€4,170 | +11.7% |
| Stocks | 30/36 | €35,780 | €39,950 | +€4,170 | +11.7% |
| Amounts receivable within one year | 40/41 | €158,213 | €171,704 | +€13,491 | +8.5% |
| Trade receivables | 40 | €28,428 | €28,424 | -€4 | 0.0% |
| Other amounts receivable | 41 | €129,785 | €143,280 | +€13,495 | +10.4% |
| Cash at bank and in hand | 54/58 | €7,388 | €6,809 | -€579 | -7.8% |
| Deferred charges and accrued income | 490/1 | - | €253 | +€253 | |
| Total equity and liabilities | 10/49 | €204,914 | €222,170 | +€17,256 | +8.4% |
| Equity | 10/15 | €181,437 | €204,701 | +€23,265 | +12.8% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €175,137 | €198,401 | +€23,265 | +13.3% |
| Distributable reserves | 133 | €175,137 | €198,401 | +€23,265 | +13.3% |
| Amounts payable | 17/49 | €23,478 | €17,469 | -€6,009 | -25.6% |
| Amounts payable within one year | 42/48 | €23,478 | €17,469 | -€6,009 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €3,531 | €1,508 | -€2,023 | -57.3% |
| Trade debts | 44 | €14,335 | €3,558 | -€10,777 | -75.2% |
| Suppliers | 440/4 | €14,335 | €3,558 | -€10,777 | -75.2% |
| Taxes, remuneration and social security | 45 | €5,612 | €12,403 | +€6,791 | +121% |
| Taxes | 450/3 | €5,612 | €12,403 | +€6,791 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,830 | €1,579 | -€251 | -13.7% |
| Other operating charges | 640/8 | €1,513 | €914 | -€599 | -39.6% |
| Gross operating margin | 9900 | €28,862 | €37,457 | +€8,596 | +29.8% |
| Operating profit (loss) | 9901 | €25,519 | €34,965 | +€9,446 | +37.0% |
| Financial income | 75/76B | €3 | €11 | +€8 | +331% |
| Recurring financial income | 75 | €3 | €11 | +€8 | +331% |
| Financial charges | 65/66B | €694 | €361 | -€333 | -48.0% |
| Recurring financial charges | 65 | €694 | €361 | -€333 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €24,827 | €34,615 | +€9,788 | +39.4% |
| Income taxes | 67/77 | €8,947 | €11,350 | +€2,403 | +26.9% |
| Profit (loss) for the period | 9904 | €15,880 | €23,265 | +€7,385 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,880 | €23,265 | +€7,385 | +46.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.