ADRAR CONSTRUCT: 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.
ADRAR CONSTRUCT
Largest movements
- Cash -€11,433
down €11,433 (-48.7%), from €23,461 to €12,027
mainly Contributions, distributions and other (-€34,472) and Tax, wage and social debts (-€2,010)
- Receivables within one year -€9,061
down €9,061 (-36.1%), from €25,112 to €16,050
of which Trade receivables: -€8,168
- Deferred charges and accrued income -€2,137
down €2,137 (-55.2%), from €3,870 to €1,733
- Tangible fixed assets -€2,102
no longer reported in 2025 (was €2,102)
of which Furniture and vehicles: -€1,627
- Financial fixed assets -€800
down €800 (-50.0%), from €1,600 to €800
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Profit (loss) carried forward -€3,254
down €3,254 (-10.3%), from €31,604 to €28,351
- Tax, wage and social debts -€2,010
down €2,010 (-90.6%), from €2,219 to €210
of which Remuneration and social security: -€1,800
- Reserves -€1,860
down €1,860 (-50.0%), from €3,720 to €1,860
- Gross operating margin +€9,307
up €9,307 (+413.1%), from €2,253 to €11,560
- Other operating charges -€193
down €193 (-40.7%), from €473 to €281
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 | €56,144 | €30,611 | -€25,533 | -45.5% |
| Fixed assets | 21/28 | €3,702 | €800 | -€2,902 | -78.4% |
| Tangible fixed assets | 22/27 | €2,102 | - | -€2,102 | |
| Plant, machinery and equipment | 23 | €474 | - | -€474 | |
| Furniture and vehicles | 24 | €1,627 | - | -€1,627 | |
| Financial fixed assets | 28 | €1,600 | €800 | -€800 | -50.0% |
| Current assets | 29/58 | €52,442 | €29,811 | -€22,631 | -43.2% |
| Amounts receivable within one year | 40/41 | €25,112 | €16,050 | -€9,061 | -36.1% |
| Trade receivables | 40 | €21,291 | €13,122 | -€8,168 | -38.4% |
| Other amounts receivable | 41 | €3,821 | €2,928 | -€893 | -23.4% |
| Cash at bank and in hand | 54/58 | €23,461 | €12,027 | -€11,433 | -48.7% |
| Deferred charges and accrued income | 490/1 | €3,870 | €1,733 | -€2,137 | -55.2% |
| Total equity and liabilities | 10/49 | €56,144 | €30,611 | -€25,533 | -45.5% |
| Equity | 10/15 | €53,924 | €30,211 | -€23,714 | -44.0% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €3,720 | €1,860 | -€1,860 | -50.0% |
| Non-distributable reserves | 130/1 | €3,720 | €1,860 | -€1,860 | -50.0% |
| Reserves not available under the articles | 1311 | €3,720 | €1,860 | -€1,860 | -50.0% |
| Profit (loss) carried forward | 14 | €31,604 | €28,351 | -€3,254 | -10.3% |
| Amounts payable | 17/49 | €2,219 | €400 | -€1,819 | -82.0% |
| Amounts payable within one year | 42/48 | €2,219 | €400 | -€1,819 | -82.0% |
| Trade debts | 44 | - | €190 | +€190 | |
| Suppliers | 440/4 | - | €190 | +€190 | |
| Taxes, remuneration and social security | 45 | €2,219 | €210 | -€2,010 | -90.6% |
| Taxes | 450/3 | €419 | €210 | -€210 | -50.0% |
| Remuneration and social security | 454/9 | €1,800 | - | -€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €357 | €457 | +€99 | +27.8% |
| Other operating charges | 640/8 | €473 | €281 | -€193 | -40.7% |
| Gross operating margin | 9900 | €2,253 | €11,560 | +€9,307 | +413.1% |
| Operating profit (loss) | 9901 | €1,423 | €10,823 | +€9,400 | +660.8% |
| Financial charges | 65/66B | €64 | €65 | +€1 | +1.5% |
| Recurring financial charges | 65 | €64 | €65 | +€1 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €1,359 | €10,758 | +€9,399 | +691.9% |
| Profit (loss) for the period | 9904 | €1,359 | €10,758 | +€9,399 | +691.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,359 | €10,758 | +€9,399 | +691.9% |
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 6 October 2026 via checked.be.