ADRIAAN MARIEN: 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.
ADRIAAN MARIEN
Largest movements
- Receivables within one year +€169,914
up €169,914 (+662%), from €25,685 to €195,600
of which Other amounts receivable: +€173,306
- Current investments -€140,000
no longer reported in 2025 (was €140,000)
- Cash +€50,046
up €50,046 (+98.1%), from €51,005 to €101,051
mainly Current investments (+€140,000) and Net result for the year (+€80,131)
- Tangible fixed assets -€12,676
down €12,676 (-45.9%), from €27,628 to €14,951
of which Furniture and vehicles: -€12,601
- Deferred charges and accrued income +€6,960
up €6,960 (+280%), from €2,487 to €9,447
- Reserves +€79,298
up €79,298 (+34.4%), from €230,342 to €309,640
- Other debts -€4,081
down €4,081 (-80.6%), from €5,064 to €983
- Gross operating margin -€96,816
down €96,816 (-44.1%), from €219,559 to €122,742
- Taxes -€29,967
down €29,967 (-48.5%), from €61,813 to €31,846
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 | €246,805 | €321,050 | +€74,245 | +30.1% |
| Fixed assets | 21/28 | €27,628 | €14,951 | -€12,676 | -45.9% |
| Tangible fixed assets | 22/27 | €27,628 | €14,951 | -€12,676 | -45.9% |
| Plant, machinery and equipment | 23 | €75 | - | -€75 | |
| Furniture and vehicles | 24 | €27,553 | €14,951 | -€12,601 | -45.7% |
| Current assets | 29/58 | €219,177 | €306,098 | +€86,921 | +39.7% |
| Amounts receivable within one year | 40/41 | €25,685 | €195,600 | +€169,914 | +662% |
| Trade receivables | 40 | €19,759 | €16,368 | -€3,391 | -17.2% |
| Other amounts receivable | 41 | €5,926 | €179,232 | +€173,306 | +2,925% |
| Current investments | 50/53 | €140,000 | - | -€140,000 | |
| Cash at bank and in hand | 54/58 | €51,005 | €101,051 | +€50,046 | +98.1% |
| Deferred charges and accrued income | 490/1 | €2,487 | €9,447 | +€6,960 | +280% |
| Total equity and liabilities | 10/49 | €246,805 | €321,050 | +€74,245 | +30.1% |
| Equity | 10/15 | €230,442 | €309,740 | +€79,298 | +34.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €230,342 | €309,640 | +€79,298 | +34.4% |
| Distributable reserves | 133 | €230,342 | €309,640 | +€79,298 | +34.4% |
| Amounts payable | 17/49 | €16,362 | €11,309 | -€5,053 | -30.9% |
| Amounts payable within one year | 42/48 | €16,332 | €11,309 | -€5,022 | -30.8% |
| Trade debts | 44 | €1,237 | €1,140 | -€97 | -7.8% |
| Suppliers | 440/4 | €1,237 | €1,140 | -€97 | -7.8% |
| Taxes, remuneration and social security | 45 | €10,031 | €9,187 | -€845 | -8.4% |
| Taxes | 450/3 | €10,031 | €9,187 | -€845 | -8.4% |
| Other amounts payable | 47/48 | €5,064 | €983 | -€4,081 | -80.6% |
| Accrued charges and deferred income | 492/3 | €31 | - | -€31 | |
| Non-recurring operating income | 76A | €575 | - | -€575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,797 | €12,676 | +€879 | +7.5% |
| Other operating charges | 640/8 | €625 | €634 | +€10 | +1.6% |
| Gross operating margin | 9900 | €219,559 | €122,742 | -€96,816 | -44.1% |
| Operating profit (loss) | 9901 | €207,137 | €109,432 | -€97,705 | -47.2% |
| Financial income | 75/76B | €1,927 | €2,753 | +€826 | +42.9% |
| Recurring financial income | 75 | €1,927 | €2,753 | +€826 | +42.9% |
| Financial charges | 65/66B | €93 | €208 | +€115 | +123% |
| Recurring financial charges | 65 | €93 | €208 | +€115 | +123% |
| Profit (loss) for the period before taxes | 9903 | €208,971 | €111,977 | -€96,994 | -46.4% |
| Income taxes | 67/77 | €61,813 | €31,846 | -€29,967 | -48.5% |
| Profit (loss) for the period | 9904 | €147,158 | €80,131 | -€67,027 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €147,158 | €80,131 | -€67,027 | -45.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.