A.D.R.A.C.: 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.
A.D.R.A.C.
Largest movements
- Current investments +€400,000
up €400,000 (+100%), from €400,000 to €800,000
- Cash -€191,708
down €191,708 (-54.4%), from €352,240 to €160,532
mainly Current investments (-€400,000) and Contributions, distributions and other (-€126,500)
- Receivables within one year -€130,566
down €130,566 (-53.3%), from €244,744 to €114,179
of which Trade receivables: -€135,489
- Tangible fixed assets -€20,874
down €20,874 (-33.2%), from €62,810 to €41,936
of which Furniture and vehicles: -€20,344
- Reserves +€57,350
up €57,350 (+5.5%), from €1.0m to €1.1m
- Gross operating margin -€44,925
down €44,925 (-13.6%), from €329,383 to €284,459
- Taxes -€13,635
down €13,635 (-14.5%), from €93,711 to €80,076
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 | €1,062,195 | €1,118,682 | +€56,487 | +5.3% |
| Fixed assets | 21/28 | €63,559 | €42,685 | -€20,874 | -32.8% |
| Tangible fixed assets | 22/27 | €62,810 | €41,936 | -€20,874 | -33.2% |
| Plant, machinery and equipment | 23 | €1,388 | €858 | -€530 | -38.2% |
| Furniture and vehicles | 24 | €61,422 | €41,078 | -€20,344 | -33.1% |
| Financial fixed assets | 28 | €749 | €749 | = | 0.0% |
| Current assets | 29/58 | €998,637 | €1,075,997 | +€77,360 | +7.7% |
| Amounts receivable within one year | 40/41 | €244,744 | €114,179 | -€130,566 | -53.3% |
| Trade receivables | 40 | €244,744 | €109,255 | -€135,489 | -55.4% |
| Other amounts receivable | 41 | - | €4,924 | +€4,924 | |
| Current investments | 50/53 | €400,000 | €800,000 | +€400,000 | +100% |
| Cash at bank and in hand | 54/58 | €352,240 | €160,532 | -€191,708 | -54.4% |
| Deferred charges and accrued income | 490/1 | €1,653 | €1,286 | -€367 | -22.2% |
| Total equity and liabilities | 10/49 | €1,062,195 | €1,118,682 | +€56,487 | +5.3% |
| Equity | 10/15 | €1,052,952 | €1,110,305 | +€57,353 | +5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,033,790 | €1,091,140 | +€57,350 | +5.5% |
| Non-distributable reserves | 130/1 | €1,033,790 | €1,091,140 | +€57,350 | +5.5% |
| Reserves not available under the articles | 1311 | €1,033,790 | €1,091,140 | +€57,350 | +5.5% |
| Profit (loss) carried forward | 14 | €12,962 | €12,965 | +€3 | 0.0% |
| Amounts payable | 17/49 | €9,243 | €8,377 | -€867 | -9.4% |
| Amounts payable within one year | 42/48 | €9,243 | €8,311 | -€932 | -10.1% |
| Trade debts | 44 | €1,161 | €970 | -€191 | -16.5% |
| Suppliers | 440/4 | €1,161 | €970 | -€191 | -16.5% |
| Taxes, remuneration and social security | 45 | €3,711 | - | -€3,711 | |
| Taxes | 450/3 | €3,711 | - | -€3,711 | |
| Other amounts payable | 47/48 | €4,372 | €7,341 | +€2,970 | +67.9% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,829 | €20,874 | +€3,045 | +17.1% |
| Other operating charges | 640/8 | €3,691 | €1,446 | -€2,245 | -60.8% |
| Gross operating margin | 9900 | €329,383 | €284,459 | -€44,925 | -13.6% |
| Operating profit (loss) | 9901 | €307,863 | €262,139 | -€45,725 | -14.9% |
| Financial income | 75/76B | €0 | €2,000 | +€2,000 | +2,857,043% |
| Recurring financial income | 75 | €0 | €2,000 | +€2,000 | +2,857,043% |
| Financial charges | 65/66B | €171 | €209 | +€38 | +22.4% |
| Recurring financial charges | 65 | €171 | €209 | +€38 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €307,692 | €263,929 | -€43,763 | -14.2% |
| Income taxes | 67/77 | €93,711 | €80,076 | -€13,635 | -14.5% |
| Profit (loss) for the period | 9904 | €213,981 | €183,853 | -€30,128 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €213,981 | €183,853 | -€30,128 | -14.1% |
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 21 October 2026 via checked.be.