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
- Deferred charges and accrued income +€31,905
new in 2025: €31,905
- Receivables within one year +€28,486
up €28,486 (+10.8%), from €263,220 to €291,706
of which Other amounts receivable: +€26,473
- Tangible fixed assets -€13,575
down €13,575 (-27.6%), from €49,171 to €35,596
- Reserves +€52,346
up €52,346 (+24.1%), from €217,358 to €269,704
of which Distributable reserves: +€52,346
- Tax, wage and social debts -€19,665
down €19,665 (-43.6%), from €45,068 to €25,403
- Trade debts +€14,045
up €14,045 (+11.2%), from €125,376 to €139,421
- Gross operating margin +€22,080
up €22,080 (+31.9%), from €69,206 to €91,286
- Taxes +€7,061
up €7,061 (+45.6%), from €15,468 to €22,529
- Other operating charges +€1,543
up €1,543 (+227%), from €679 to €2,222
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €670,344 | €717,160 | +€46,816 | +7.0% |
| Fixed assets | 21/28 | €407,124 | €393,549 | -€13,575 | -3.3% |
| Tangible fixed assets | 22/27 | €49,171 | €35,596 | -€13,575 | -27.6% |
| Land and buildings | 22 | €25,791 | €19,636 | -€6,155 | -23.9% |
| Plant, machinery and equipment | 23 | €15,033 | €10,418 | -€4,615 | -30.7% |
| Furniture and vehicles | 24 | €8,347 | €5,542 | -€2,805 | -33.6% |
| Financial fixed assets | 28 | €357,953 | €357,953 | = | 0.0% |
| Current assets | 29/58 | €263,220 | €323,611 | +€60,391 | +22.9% |
| Amounts receivable within one year | 40/41 | €263,220 | €291,706 | +€28,486 | +10.8% |
| Trade receivables | 40 | €150,316 | €152,329 | +€2,013 | +1.3% |
| Other amounts receivable | 41 | €112,904 | €139,377 | +€26,473 | +23.4% |
| Deferred charges and accrued income | 490/1 | - | €31,905 | +€31,905 | |
| Total equity and liabilities | 10/49 | €670,344 | €717,160 | +€46,816 | +7.0% |
| Equity | 10/15 | €279,358 | €331,704 | +€52,346 | +18.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €217,358 | €269,704 | +€52,346 | +24.1% |
| Non-distributable reserves | 130/1 | €7,140 | €7,140 | = | 0.0% |
| Legal reserve | 130 | €7,140 | €7,140 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,617 | €2,617 | = | 0.0% |
| Distributable reserves | 133 | €207,601 | €259,947 | +€52,346 | +25.2% |
| Amounts payable | 17/49 | €390,986 | €385,456 | -€5,530 | -1.4% |
| Amounts payable within one year | 42/48 | €390,986 | €385,456 | -€5,530 | -1.4% |
| Financial debts | 43 | €5,729 | €5,819 | +€90 | +1.6% |
| Credit institutions | 430/8 | €5,729 | €5,819 | +€90 | +1.6% |
| Trade debts | 44 | €125,376 | €139,421 | +€14,045 | +11.2% |
| Suppliers | 440/4 | €125,376 | €139,421 | +€14,045 | +11.2% |
| Taxes, remuneration and social security | 45 | €45,068 | €25,403 | -€19,665 | -43.6% |
| Taxes | 450/3 | €45,068 | €25,403 | -€19,665 | -43.6% |
| Other amounts payable | 47/48 | €214,813 | €214,813 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,558 | €13,575 | +€17 | +0.1% |
| Other operating charges | 640/8 | €679 | €2,222 | +€1,543 | +227% |
| Gross operating margin | 9900 | €69,206 | €91,286 | +€22,080 | +31.9% |
| Operating profit (loss) | 9901 | €54,969 | €75,489 | +€20,520 | +37.3% |
| Financial charges | 65/66B | €616 | €614 | -€2 | -0.3% |
| Recurring financial charges | 65 | €616 | €614 | -€2 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €54,353 | €74,875 | +€20,522 | +37.8% |
| Income taxes | 67/77 | €15,468 | €22,529 | +€7,061 | +45.6% |
| Profit (loss) for the period | 9904 | €38,885 | €52,346 | +€13,461 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,885 | €52,346 | +€13,461 | +34.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.