ADRIAENS & PARTNERS: what changed
ADRIAENS & PARTNERS
Largest movements
- Current investments -€28,608
down €28,608 (-25.3%), from €113,065 to €84,457
- Cash +€4,249
up €4,249 (+29.1%), from €14,602 to €18,851
mainly Current investments (+€28,608) and Net result for the year (+€26,769)
- Receivables within one year +€3,890
up €3,890 (+71.9%), from €5,407 to €9,297
- Tangible fixed assets -€3,562
down €3,562 (-34.0%), from €10,461 to €6,900
of which Furniture and vehicles: -€3,562
- Reserves -€22,503
down €22,503 (-20.1%), from €111,709 to €89,206
of which Distributable reserves: -€22,503
- Tax, wage and social debts -€1,909
down €1,909 (-18.2%), from €10,516 to €8,607
- Other debts +€1,610
up €1,610 (+8.3%), from €19,467 to €21,077
- Gross operating margin -€22,219
down €22,219 (-43.1%), from €51,529 to €29,310
- Financial income +€13,695
up €13,695 (+494%), from €2,770 to €16,464
- Taxes -€2,546
down €2,546 (-15.8%), from €16,080 to €13,534
- Depreciation -€969
down €969 (-22.9%), from €4,238 to €3,269
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,892 | €125,093 | -€22,799 | -15.4% |
| Fixed assets | 21/28 | €12,861 | €9,300 | -€3,562 | -27.7% |
| Tangible fixed assets | 22/27 | €10,461 | €6,900 | -€3,562 | -34.0% |
| Furniture and vehicles | 24 | €8,261 | €4,700 | -€3,562 | -43.1% |
| Other tangible fixed assets | 26 | €2,200 | €2,200 | = | 0.0% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €135,030 | €115,793 | -€19,237 | -14.2% |
| Amounts receivable within one year | 40/41 | €5,407 | €9,297 | +€3,890 | +71.9% |
| Trade receivables | 40 | €5,407 | €9,297 | +€3,890 | +71.9% |
| Current investments | 50/53 | €113,065 | €84,457 | -€28,608 | -25.3% |
| Cash at bank and in hand | 54/58 | €14,602 | €18,851 | +€4,249 | +29.1% |
| Deferred charges and accrued income | 490/1 | €1,956 | €3,188 | +€1,232 | +63.0% |
| Total equity and liabilities | 10/49 | €147,892 | €125,093 | -€22,799 | -15.4% |
| Equity | 10/15 | €117,909 | €95,406 | -€22,503 | -19.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,709 | €89,206 | -€22,503 | -20.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €109,849 | €87,346 | -€22,503 | -20.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,983 | €29,687 | -€296 | -1.0% |
| Amounts payable within one year | 42/48 | €29,983 | €29,687 | -€296 | -1.0% |
| Trade debts | 44 | €0 | €3 | +€3 | |
| Suppliers | 440/4 | €0 | €3 | +€3 | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,516 | €8,607 | -€1,909 | -18.2% |
| Taxes | 450/3 | €10,516 | €8,607 | -€1,909 | -18.2% |
| Other amounts payable | 47/48 | €19,467 | €21,077 | +€1,610 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,238 | €3,269 | -€969 | -22.9% |
| Other operating charges | 640/8 | €705 | €884 | +€179 | +25.5% |
| Gross operating margin | 9900 | €51,529 | €29,310 | -€22,219 | -43.1% |
| Operating profit (loss) | 9901 | €46,586 | €25,156 | -€21,430 | -46.0% |
| Financial income | 75/76B | €2,770 | €16,464 | +€13,695 | +494% |
| Recurring financial income | 75 | €2,770 | €16,464 | +€13,695 | +494% |
| Financial charges | 65/66B | €812 | €1,317 | +€505 | +62.2% |
| Recurring financial charges | 65 | €812 | €1,317 | +€505 | +62.2% |
| Profit (loss) for the period before taxes | 9903 | €48,544 | €40,303 | -€8,241 | -17.0% |
| Income taxes | 67/77 | €16,080 | €13,534 | -€2,546 | -15.8% |
| Profit (loss) for the period | 9904 | €32,464 | €26,769 | -€5,695 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,464 | €26,769 | -€5,695 | -17.5% |
Next steps
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.