Adriaens: 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.
Adriaens
Largest movements
- Current investments +€81,076
up €81,076 (+32.9%), from €246,132 to €327,208
- Receivables within one year +€56,760
up €56,760 (+98.2%), from €57,805 to €114,564
of which Other amounts receivable: +€56,252
- Cash -€18,407
down €18,407 (-5.4%), from €340,385 to €321,978
mainly Contributions, distributions and other (-€85,000) and Current investments (-€81,076)
- Provisions +€108,419
new in 2024: €108,419
- Other debts +€83,500
up €83,500 (+5,567%), from €1,500 to €85,000
- Reserves -€36,113
down €36,113 (-4.2%), from €853,215 to €817,102
- Tax, wage and social debts -€17,416
no longer reported in 2024 (was €17,416)
- Provisions +€108,419
new in 2024: €108,419
- Gross operating margin -€78,006
down €78,006 (-27.3%), from €286,258 to €208,251
- Taxes -€59,186
down €59,186 (-78.7%), from €75,199 to €16,012
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €909,284 | €1,040,172 | +€130,888 | +14.4% |
| Fixed assets | 21/28 | €260,682 | €265,891 | +€5,209 | +2.0% |
| Tangible fixed assets | 22/27 | €260,682 | €265,891 | +€5,209 | +2.0% |
| Land and buildings | 22 | €203,587 | €202,356 | -€1,231 | -0.6% |
| Plant, machinery and equipment | 23 | €36,715 | €43,443 | +€6,728 | +18.3% |
| Furniture and vehicles | 24 | €20,380 | €20,092 | -€289 | -1.4% |
| Current assets | 29/58 | €648,602 | €774,281 | +€125,679 | +19.4% |
| Stocks and contracts in progress | 3 | - | €6,305 | +€6,305 | |
| Stocks | 30/36 | - | €6,305 | +€6,305 | |
| Amounts receivable within one year | 40/41 | €57,805 | €114,564 | +€56,760 | +98.2% |
| Trade receivables | 40 | - | €507 | +€507 | |
| Other amounts receivable | 41 | €57,805 | €114,057 | +€56,252 | +97.3% |
| Current investments | 50/53 | €246,132 | €327,208 | +€81,076 | +32.9% |
| Cash at bank and in hand | 54/58 | €340,385 | €321,978 | -€18,407 | -5.4% |
| Deferred charges and accrued income | 490/1 | €4,280 | €4,226 | -€54 | -1.3% |
| Total equity and liabilities | 10/49 | €909,284 | €1,040,172 | +€130,888 | +14.4% |
| Equity | 10/15 | €866,085 | €829,972 | -€36,113 | -4.2% |
| Contributions | 10/11 | €10,535 | €10,535 | = | 0.0% |
| Reserves | 13 | €853,215 | €817,102 | -€36,113 | -4.2% |
| Distributable reserves | 133 | €853,215 | €817,102 | -€36,113 | -4.2% |
| Profit (loss) carried forward | 14 | €2,335 | €2,335 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €108,419 | +€108,419 | |
| Provisions for liabilities and charges | 160/5 | - | €108,419 | +€108,419 | |
| Pensions and similar obligations | 160 | - | €108,419 | +€108,419 | |
| Amounts payable | 17/49 | €43,199 | €101,781 | +€58,582 | +136% |
| Amounts payable after more than one year | 17 | €13,432 | €3,933 | -€9,498 | -70.7% |
| Financial debts | 170/4 | €13,432 | €3,933 | -€9,498 | -70.7% |
| Amounts payable within one year | 42/48 | €29,767 | €97,847 | +€68,080 | +229% |
| Current portion of amounts payable after more than one year | 42 | €10,795 | €9,498 | -€1,296 | -12.0% |
| Trade debts | 44 | €56 | €3,349 | +€3,292 | +5,829% |
| Suppliers | 440/4 | €56 | €3,349 | +€3,292 | +5,829% |
| Taxes, remuneration and social security | 45 | €17,416 | - | -€17,416 | |
| Taxes | 450/3 | €17,416 | - | -€17,416 | |
| Other amounts payable | 47/48 | €1,500 | €85,000 | +€83,500 | +5,567% |
| Non-recurring operating income | 76A | - | €42,556 | +€42,556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,850 | €48,147 | +€297 | +0.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €108,419 | +€108,419 | |
| Other operating charges | 640/8 | €2,381 | €2,161 | -€220 | -9.2% |
| Gross operating margin | 9900 | €286,258 | €208,251 | -€78,006 | -27.3% |
| Operating profit (loss) | 9901 | €236,027 | €49,525 | -€186,502 | -79.0% |
| Financial income | 75/76B | €14,692 | €17,125 | +€2,433 | +16.6% |
| Recurring financial income | 75 | €14,692 | €17,125 | +€2,433 | +16.6% |
| Financial charges | 65/66B | €1,364 | €1,750 | +€386 | +28.3% |
| Recurring financial charges | 65 | €1,364 | €1,750 | +€386 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €249,355 | €64,899 | -€184,456 | -74.0% |
| Income taxes | 67/77 | €75,199 | €16,012 | -€59,186 | -78.7% |
| Profit (loss) for the period | 9904 | €174,156 | €48,887 | -€125,269 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €174,156 | €48,887 | -€125,269 | -71.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.