ADRANO: what changed
Two fiscal 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.
ADRANO
Largest movements
- Cash +€152,141
up €152,141 (+58.8%), from €258,857 to €410,998
mainly Net result for the year (+€85,281) and Depreciation (+€31,464)
- Tangible fixed assets -€29,213
down €29,213 (-8.0%), from €363,313 to €334,099
of which Land and buildings: -€21,474
- Receivables within one year -€26,035
down €26,035 (-93.5%), from €27,857 to €1,821
of which Other amounts receivable: -€21,040
- Reserves +€85,000
up €85,000 (+19.9%), from €427,100 to €512,100
- Tax, wage and social debts +€25,128
up €25,128 (+114.4%), from €21,967 to €47,095
of which Taxes: +€26,322
- Debts after one year -€19,444
down €19,444 (-11.7%), from €166,635 to €147,191
- Gross operating margin +€12,600
up €12,600 (+5.7%), from €221,930 to €234,530
- Taxes +€3,853
up €3,853 (+12.5%), from €30,827 to €34,681
- Staff costs +€2,804
up €2,804 (+4.2%), from €66,863 to €69,667
- Financial charges +€2,415
up €2,415 (+32.8%), from €7,373 to €9,788
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.
Cash bridge derived
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 | €662,377 | €757,448 | +€95,071 | +14.4% |
| Fixed assets | 21/28 | €364,265 | €335,052 | -€29,213 | -8.0% |
| Intangible fixed assets | 21 | €953 | €953 | = | 0.0% |
| Tangible fixed assets | 22/27 | €363,313 | €334,099 | -€29,213 | -8.0% |
| Land and buildings | 22 | €348,520 | €327,047 | -€21,474 | -6.2% |
| Plant, machinery and equipment | 23 | €14,792 | €5,653 | -€9,139 | -61.8% |
| Furniture and vehicles | 24 | - | €1,400 | +€1,400 | |
| Current assets | 29/58 | €298,112 | €422,396 | +€124,285 | +41.7% |
| Stocks and contracts in progress | 3 | €10,401 | €6,515 | -€3,886 | -37.4% |
| Stocks | 30/36 | €10,401 | €6,515 | -€3,886 | -37.4% |
| Amounts receivable within one year | 40/41 | €27,857 | €1,821 | -€26,035 | -93.5% |
| Trade receivables | 40 | €6,817 | €1,821 | -€4,995 | -73.3% |
| Other amounts receivable | 41 | €21,040 | - | -€21,040 | |
| Cash at bank and in hand | 54/58 | €258,857 | €410,998 | +€152,141 | +58.8% |
| Deferred charges and accrued income | 490/1 | €997 | €3,062 | +€2,064 | +207.0% |
| Total equity and liabilities | 10/49 | €662,377 | €757,448 | +€95,071 | +14.4% |
| Equity | 10/15 | €438,788 | €524,070 | +€85,281 | +19.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €427,100 | €512,100 | +€85,000 | +19.9% |
| Distributable reserves | 133 | €427,100 | €512,100 | +€85,000 | +19.9% |
| Profit (loss) carried forward | 14 | €4,688 | €4,970 | +€281 | +6.0% |
| Amounts payable | 17/49 | €223,588 | €233,379 | +€9,790 | +4.4% |
| Amounts payable after more than one year | 17 | €166,635 | €147,191 | -€19,444 | -11.7% |
| Financial debts | 170/4 | €166,635 | €147,191 | -€19,444 | -11.7% |
| Amounts payable within one year | 42/48 | €56,953 | €86,188 | +€29,235 | +51.3% |
| Current portion of amounts payable after more than one year | 42 | €19,011 | €19,444 | +€434 | +2.3% |
| Trade debts | 44 | €12,790 | €9,763 | -€3,027 | -23.7% |
| Suppliers | 440/4 | €12,790 | €9,763 | -€3,027 | -23.7% |
| Advances received on contracts in progress | 46 | - | €6,400 | +€6,400 | |
| Taxes, remuneration and social security | 45 | €21,967 | €47,095 | +€25,128 | +114.4% |
| Taxes | 450/3 | €14,639 | €40,961 | +€26,322 | +179.8% |
| Remuneration and social security | 454/9 | €7,328 | €6,133 | -€1,194 | -16.3% |
| Other amounts payable | 47/48 | €3,185 | €3,486 | +€301 | +9.4% |
| Non-recurring operating income | 76A | €20,967 | €241 | -€20,726 | -98.8% |
| Remuneration, social security and pensions | 62 | €66,863 | €69,667 | +€2,804 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,531 | €31,464 | -€1,068 | -3.3% |
| Other operating charges | 640/8 | €2,960 | €3,019 | +€60 | +2.0% |
| Non-recurring operating charges | 66A | €257 | €833 | +€576 | +224.2% |
| Gross operating margin | 9900 | €221,930 | €234,530 | +€12,600 | +5.7% |
| Operating profit (loss) | 9901 | €119,319 | €129,546 | +€10,227 | +8.6% |
| Financial income | 75/76B | €666 | €203 | -€463 | -69.5% |
| Recurring financial income | 75 | €666 | €203 | -€463 | -69.5% |
| Financial charges | 65/66B | €7,373 | €9,788 | +€2,415 | +32.8% |
| Recurring financial charges | 65 | €7,373 | €9,788 | +€2,415 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €112,612 | €119,962 | +€7,349 | +6.5% |
| Income taxes | 67/77 | €30,827 | €34,681 | +€3,853 | +12.5% |
| Profit (loss) for the period | 9904 | €81,785 | €85,281 | +€3,496 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,785 | €85,281 | +€3,496 | +4.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.