ADMT: what changed
ADMT
Largest movements
- Cash +€21,487
up €21,487 (+81.5%), from €26,360 to €47,847
mainly Net result for the year (+€22,822) and Other debts (+€10,463)
- Receivables within one year -€7,116
down €7,116 (-81.3%), from €8,752 to €1,637
of which Trade receivables: -€7,108
- Stocks and contracts +€5,078
new in 2025: €5,078
- Other debts +€10,463
up €10,463 (+293%), from €3,567 to €14,030
- Reserves +€5,320
up €5,320 (+30.4%), from €17,500 to €22,820
- Tax, wage and social debts +€3,045
up €3,045 (+30.5%), from €9,977 to €13,022
of which Taxes: +€2,890
- Gross operating margin +€15,800
up €15,800 (+103%), from €15,291 to €31,091
- Taxes +€3,680
up €3,680 (+132%), from €2,785 to €6,465
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,406 | €55,549 | +€19,143 | +52.6% |
| Fixed assets | 21/28 | €1,293 | €987 | -€306 | -23.7% |
| Tangible fixed assets | 22/27 | €1,293 | €987 | -€306 | -23.7% |
| Plant, machinery and equipment | 23 | €1,293 | €987 | -€306 | -23.7% |
| Current assets | 29/58 | €35,113 | €54,562 | +€19,449 | +55.4% |
| Stocks and contracts in progress | 3 | - | €5,078 | +€5,078 | |
| Stocks | 30/36 | - | €5,078 | +€5,078 | |
| Amounts receivable within one year | 40/41 | €8,752 | €1,637 | -€7,116 | -81.3% |
| Trade receivables | 40 | €8,744 | €1,637 | -€7,108 | -81.3% |
| Other amounts receivable | 41 | €8 | €0 | -€8 | -100% |
| Cash at bank and in hand | 54/58 | €26,360 | €47,847 | +€21,487 | +81.5% |
| Total equity and liabilities | 10/49 | €36,406 | €55,549 | +€19,143 | +52.6% |
| Equity | 10/15 | €20,544 | €25,866 | +€5,322 | +25.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,500 | €22,820 | +€5,320 | +30.4% |
| Distributable reserves | 133 | €17,500 | €22,820 | +€5,320 | +30.4% |
| Profit (loss) carried forward | 14 | €44 | €46 | +€2 | +3.8% |
| Amounts payable | 17/49 | €15,862 | €29,683 | +€13,821 | +87.1% |
| Amounts payable within one year | 42/48 | €15,862 | €29,683 | +€13,821 | +87.1% |
| Trade debts | 44 | €2,318 | €2,631 | +€313 | +13.5% |
| Suppliers | 440/4 | €2,318 | €2,631 | +€313 | +13.5% |
| Taxes, remuneration and social security | 45 | €9,977 | €13,022 | +€3,045 | +30.5% |
| Taxes | 450/3 | €7,767 | €10,657 | +€2,890 | +37.2% |
| Remuneration and social security | 454/9 | €2,210 | €2,365 | +€155 | +7.0% |
| Other amounts payable | 47/48 | €3,567 | €14,030 | +€10,463 | +293% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237 | €306 | +€69 | +29.3% |
| Other operating charges | 640/8 | €199 | €126 | -€73 | -36.5% |
| Gross operating margin | 9900 | €15,291 | €31,091 | +€15,800 | +103% |
| Operating profit (loss) | 9901 | €14,856 | €30,659 | +€15,803 | +106% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,557 | €1,372 | -€184 | -11.8% |
| Recurring financial charges | 65 | €1,557 | €1,372 | -€184 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €13,299 | €29,286 | +€15,987 | +120% |
| Income taxes | 67/77 | €2,785 | €6,465 | +€3,680 | +132% |
| Profit (loss) for the period | 9904 | €10,514 | €22,822 | +€12,307 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €10,514 | €22,822 | +€12,307 | +117% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.