ADRENALINE - EVENTS: what changed
What changed
ADRENALINE - EVENTS
NACE 02.100, Forestry and logging
filed annual accounts (NBB)
Net result for the year
€13,370
2024 · €8,262+€5,108
Equity
€287,357
2024 · €273,987+€13,370
Cash
€11,319
2024 · €12,234-€914
Balance sheet total
€883,723
2024 · €898,503-€14,780
Largest movements
Assets
- Tangible fixed assets -€100,921
down €100,921 (-16.7%), from €603,651 to €502,730
of which Furniture and vehicles: -€129,976
- Deferred charges and accrued income +€37,554
up €37,554 (+212%), from €17,695 to €55,250
- Receivables within one year +€36,181
up €36,181 (+72.3%), from €50,018 to €86,199
of which Other amounts receivable: +€28,947
- Stocks and contracts +€13,285
up €13,285 (+6.3%), from €212,137 to €225,422
Equity and liabilities
- Trade debts +€96,591
up €96,591 (+212%), from €45,638 to €142,229
- Current portion of long-term debt -€45,328
down €45,328 (-52.1%), from €87,040 to €41,712
- Other debts -€44,854
down €44,854 (-12.0%), from €375,300 to €330,446
- Debts after one year -€41,712
down €41,712 (-67.8%), from €61,521 to €19,809
- Tax, wage and social debts +€15,565
up €15,565 (+50.3%), from €30,951 to €46,516
of which Taxes: +€7,820
Income statement
- Staff costs +€39,823
up €39,823 (+9.7%), from €410,337 to €450,159
- Depreciation -€30,809
down €30,809 (-16.4%), from €188,240 to €157,431
- Gross operating margin +€10,276
up €10,276 (+1.6%), from €642,978 to €653,254
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
€8,262
Gross operating margin
+€10,276
Staff costs
-€39,823
Depreciation
+€30,809
Other operating charges
-€458
Other operating items
+€1,480
Financial income
+€624
Financial charges
+€3,698
Taxes
-€1,500
Result 2025
€13,370
raises the resultlowers the resultnot broken down further in the accounts
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
+€139,238
Investment
-€56,545
Financing
-€83,607
Cash 2024
€12,234
From operations (derived)
+€139,238
Net result for the year
+€13,370
Depreciation
+€157,431
Stocks and contracts
-€13,285
Receivables within one year
-€36,181
Deferred charges and accrued income
-€37,554
Trade debts
+€96,591
Tax, wage and social debts
+€15,565
Advances received
-€5,917
Other debts
-€44,854
Accrued charges and deferred income
-€5,928
Investment (derived)
-€56,545
Investment in fixed assets (net)
-€56,510
Current investments
-€35
Financing
-€83,607
Debts after one year
-€41,712
Current portion of long-term debt
-€45,328
Short-term financial debts
+€3,433
Cash 2025
€11,319
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €898,503 | €883,723 | -€14,780 | -1.6% |
| Fixed assets | 21/28 | €606,371 | €505,450 | -€100,921 | -16.6% |
| Tangible fixed assets | 22/27 | €603,651 | €502,730 | -€100,921 | -16.7% |
| Land and buildings | 22 | €678 | €535 | -€143 | -21.0% |
| Plant, machinery and equipment | 23 | €107,528 | €100,064 | -€7,464 | -6.9% |
| Furniture and vehicles | 24 | €377,516 | €247,540 | -€129,976 | -34.4% |
| Other tangible fixed assets | 26 | €117,929 | €154,591 | +€36,662 | +31.1% |
| Financial fixed assets | 28 | €2,720 | €2,720 | = | 0.0% |
| Current assets | 29/58 | €292,131 | €378,272 | +€86,141 | +29.5% |
| Stocks and contracts in progress | 3 | €212,137 | €225,422 | +€13,285 | +6.3% |
| Stocks | 30/36 | €212,137 | €225,422 | +€13,285 | +6.3% |
| Amounts receivable within one year | 40/41 | €50,018 | €86,199 | +€36,181 | +72.3% |
| Trade receivables | 40 | €22,732 | €29,967 | +€7,235 | +31.8% |
| Other amounts receivable | 41 | €27,286 | €56,233 | +€28,947 | +106% |
| Current investments | 50/53 | €47 | €82 | +€35 | +74.2% |
| Cash at bank and in hand | 54/58 | €12,234 | €11,319 | -€914 | -7.5% |
| Deferred charges and accrued income | 490/1 | €17,695 | €55,250 | +€37,554 | +212% |
| Total equity and liabilities | 10/49 | €898,503 | €883,723 | -€14,780 | -1.6% |
| Equity | 10/15 | €273,987 | €287,357 | +€13,370 | +4.9% |
| Contributions | 10/11 | €45,600 | €45,600 | = | 0.0% |
| Reserves | 13 | €228,387 | €241,757 | +€13,370 | +5.9% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €190,887 | €204,257 | +€13,370 | +7.0% |
| Amounts payable | 17/49 | €624,516 | €596,365 | -€28,150 | -4.5% |
| Amounts payable after more than one year | 17 | €61,521 | €19,809 | -€41,712 | -67.8% |
| Financial debts | 170/4 | €61,521 | €19,809 | -€41,712 | -67.8% |
| Amounts payable within one year | 42/48 | €556,611 | €576,101 | +€19,490 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €87,040 | €41,712 | -€45,328 | -52.1% |
| Financial debts | 43 | €7,279 | €10,712 | +€3,433 | +47.2% |
| Credit institutions | 430/8 | €7,279 | €10,712 | +€3,433 | +47.2% |
| Trade debts | 44 | €45,638 | €142,229 | +€96,591 | +212% |
| Suppliers | 440/4 | €45,638 | €142,229 | +€96,591 | +212% |
| Advances received on contracts in progress | 46 | €10,402 | €4,485 | -€5,917 | -56.9% |
| Taxes, remuneration and social security | 45 | €30,951 | €46,516 | +€15,565 | +50.3% |
| Taxes | 450/3 | €3,523 | €11,343 | +€7,820 | +222% |
| Remuneration and social security | 454/9 | €27,429 | €35,173 | +€7,745 | +28.2% |
| Other amounts payable | 47/48 | €375,300 | €330,446 | -€44,854 | -12.0% |
| Accrued charges and deferred income | 492/3 | €6,383 | €455 | -€5,928 | -92.9% |
| Remuneration, social security and pensions | 62 | €410,337 | €450,159 | +€39,823 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,240 | €157,431 | -€30,809 | -16.4% |
| Other operating charges | 640/8 | €17,796 | €18,254 | +€458 | +2.6% |
| Non-recurring operating charges | 66A | €1,500 | €20 | -€1,480 | -98.7% |
| Gross operating margin | 9900 | €642,978 | €653,254 | +€10,276 | +1.6% |
| Operating profit (loss) | 9901 | €25,105 | €27,390 | +€2,285 | +9.1% |
| Financial income | 75/76B | €1,121 | €1,745 | +€624 | +55.7% |
| Recurring financial income | 75 | €1,121 | €1,745 | +€624 | +55.7% |
| Financial charges | 65/66B | €15,046 | €11,348 | -€3,698 | -24.6% |
| Recurring financial charges | 65 | €15,046 | €11,348 | -€3,698 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €11,180 | €17,788 | +€6,608 | +59.1% |
| Income taxes | 67/77 | €2,917 | €4,417 | +€1,500 | +51.4% |
| Profit (loss) for the period | 9904 | €8,262 | €13,370 | +€5,108 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,262 | €13,370 | +€5,108 | +61.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.