ADRI MANAGEMENT: 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.
ADRI MANAGEMENT
Largest movements
- Receivables within one year +€21,916
up €21,916 (+2078.4%), from €1,054 to €22,970
- Tangible fixed assets -€13,437
down €13,437 (-24.5%), from €54,866 to €41,430
- Debts after one year -€72,084
down €72,084 (-69.1%), from €104,308 to €32,224
- Other debts +€47,954
up €47,954 (+357.9%), from €13,400 to €61,354
- Reserves +€43,786
up €43,786 (+13.8%), from €317,879 to €361,664
- Trade debts -€18,607
down €18,607 (-92.4%), from €20,136 to €1,529
- Tax, wage and social debts +€9,284
up €9,284 (+58.6%), from €15,840 to €25,123
of which Taxes: +€8,528
- Financial income +€20,662
new in 2025: €20,662
- Gross operating margin -€11,582
down €11,582 (-8.0%), from €144,426 to €132,844
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 | €577,366 | €578,978 | +€1,612 | +0.3% |
| Fixed assets | 21/28 | €554,866 | €541,430 | -€13,437 | -2.4% |
| Tangible fixed assets | 22/27 | €54,866 | €41,430 | -€13,437 | -24.5% |
| Furniture and vehicles | 24 | €54,866 | €41,430 | -€13,437 | -24.5% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €22,500 | €37,549 | +€15,049 | +66.9% |
| Amounts receivable within one year | 40/41 | €1,054 | €22,970 | +€21,916 | +2078.4% |
| Other amounts receivable | 41 | €1,054 | €22,970 | +€21,916 | +2078.4% |
| Cash at bank and in hand | 54/58 | €16,762 | €11,410 | -€5,351 | -31.9% |
| Deferred charges and accrued income | 490/1 | €4,684 | €3,168 | -€1,516 | -32.4% |
| Total equity and liabilities | 10/49 | €577,366 | €578,978 | +€1,612 | +0.3% |
| Equity | 10/15 | €342,879 | €386,664 | +€43,786 | +12.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €317,879 | €361,664 | +€43,786 | +13.8% |
| Distributable reserves | 133 | €317,879 | €361,664 | +€43,786 | +13.8% |
| Amounts payable | 17/49 | €234,488 | €192,314 | -€42,174 | -18.0% |
| Amounts payable after more than one year | 17 | €104,308 | €32,224 | -€72,084 | -69.1% |
| Financial debts | 170/4 | €104,308 | €32,224 | -€72,084 | -69.1% |
| Amounts payable within one year | 42/48 | €129,930 | €160,091 | +€30,161 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €80,554 | €72,084 | -€8,470 | -10.5% |
| Trade debts | 44 | €20,136 | €1,529 | -€18,607 | -92.4% |
| Suppliers | 440/4 | €20,136 | €1,529 | -€18,607 | -92.4% |
| Taxes, remuneration and social security | 45 | €15,840 | €25,123 | +€9,284 | +58.6% |
| Taxes | 450/3 | €15,840 | €24,367 | +€8,528 | +53.8% |
| Remuneration and social security | 454/9 | - | €756 | +€756 | |
| Other amounts payable | 47/48 | €13,400 | €61,354 | +€47,954 | +357.9% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,317 | €13,437 | +€1,119 | +9.1% |
| Other operating charges | 640/8 | €677 | €1,349 | +€673 | +99.4% |
| Gross operating margin | 9900 | €144,426 | €132,844 | -€11,582 | -8.0% |
| Operating profit (loss) | 9901 | €131,432 | €118,058 | -€13,374 | -10.2% |
| Financial income | 75/76B | - | €20,662 | +€20,662 | |
| Recurring financial income | 75 | - | €20,662 | +€20,662 | |
| Financial charges | 65/66B | €4,647 | €3,811 | -€836 | -18.0% |
| Recurring financial charges | 65 | €4,647 | €3,811 | -€836 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €126,785 | €134,909 | +€8,124 | +6.4% |
| Income taxes | 67/77 | €31,256 | €31,124 | -€132 | -0.4% |
| Profit (loss) for the period | 9904 | €95,529 | €103,786 | +€8,256 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €95,529 | €103,786 | +€8,256 | +8.6% |
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 1 October 2026 via checked.be.