ADRIAENSEN VINCENT: what changed
ADRIAENSEN VINCENT
Largest movements
- Receivables within one year +€12,195
up €12,195 (+1,126%), from €1,083 to €13,278
of which Trade receivables: +€12,195
- Deferred charges and accrued income +€3,996
up €3,996 (+367%), from €1,089 to €5,085
- Tangible fixed assets +€3,128
up €3,128 (+3.5%), from €90,463 to €93,591
of which Plant, machinery and equipment: +€7,695
- Other debts +€39,894
up €39,894 (+2,764%), from €1,443 to €41,338
- Reserves -€11,904
down €11,904 (-96.6%), from €12,327 to €423
- Tax, wage and social debts -€9,984
down €9,984 (-47.6%), from €20,988 to €11,005
- Current portion of long-term debt +€1,810
up €1,810 (+32.3%), from €5,598 to €7,408
- Gross operating margin +€35,299
up €35,299 (+281%), from €12,583 to €47,882
- Taxes +€6,715
up €6,715 (+387%), from €1,734 to €8,449
- Depreciation +€1,185
up €1,185 (+18.6%), from €6,374 to €7,560
- Financial charges +€644
up €644 (+48.2%), from €1,335 to €1,979
- Other operating charges +€607
up €607 (+319%), from €191 to €798
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 | €108,586 | €127,334 | +€18,748 | +17.3% |
| Fixed assets | 21/28 | €90,463 | €93,591 | +€3,128 | +3.5% |
| Tangible fixed assets | 22/27 | €90,463 | €93,591 | +€3,128 | +3.5% |
| Land and buildings | 22 | €76,798 | €73,238 | -€3,560 | -4.6% |
| Plant, machinery and equipment | 23 | €8,092 | €15,787 | +€7,695 | +95.1% |
| Furniture and vehicles | 24 | €700 | €269 | -€431 | -61.6% |
| Other tangible fixed assets | 26 | €4,873 | €4,296 | -€577 | -11.8% |
| Current assets | 29/58 | €18,123 | €33,743 | +€15,620 | +86.2% |
| Amounts receivable within one year | 40/41 | €1,083 | €13,278 | +€12,195 | +1,126% |
| Trade receivables | 40 | €318 | €12,512 | +€12,195 | +3,841% |
| Other amounts receivable | 41 | €766 | €766 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,951 | €15,381 | -€570 | -3.6% |
| Deferred charges and accrued income | 490/1 | €1,089 | €5,085 | +€3,996 | +367% |
| Total equity and liabilities | 10/49 | €108,586 | €127,334 | +€18,748 | +17.3% |
| Equity | 10/15 | €13,527 | €1,623 | -€11,904 | -88.0% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €12,327 | €423 | -€11,904 | -96.6% |
| Distributable reserves | 133 | €12,327 | €423 | -€11,904 | -96.6% |
| Amounts payable | 17/49 | €95,058 | €125,711 | +€30,653 | +32.2% |
| Amounts payable after more than one year | 17 | €64,926 | €65,555 | +€629 | +1.0% |
| Financial debts | 170/4 | €64,926 | €65,555 | +€629 | +1.0% |
| Amounts payable within one year | 42/48 | €29,574 | €60,156 | +€30,582 | +103% |
| Current portion of amounts payable after more than one year | 42 | €5,598 | €7,408 | +€1,810 | +32.3% |
| Trade debts | 44 | €1,543 | €405 | -€1,138 | -73.7% |
| Suppliers | 440/4 | €1,543 | €405 | -€1,138 | -73.7% |
| Taxes, remuneration and social security | 45 | €20,988 | €11,005 | -€9,984 | -47.6% |
| Taxes | 450/3 | €20,988 | €11,005 | -€9,984 | -47.6% |
| Other amounts payable | 47/48 | €1,443 | €41,338 | +€39,894 | +2,764% |
| Accrued charges and deferred income | 492/3 | €558 | - | -€558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,374 | €7,560 | +€1,185 | +18.6% |
| Other operating charges | 640/8 | €191 | €798 | +€607 | +319% |
| Gross operating margin | 9900 | €12,583 | €47,882 | +€35,299 | +281% |
| Operating profit (loss) | 9901 | €6,018 | €39,524 | +€33,506 | +557% |
| Financial charges | 65/66B | €1,335 | €1,979 | +€644 | +48.2% |
| Recurring financial charges | 65 | €1,335 | €1,979 | +€644 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €4,683 | €37,545 | +€32,862 | +702% |
| Income taxes | 67/77 | €1,734 | €8,449 | +€6,715 | +387% |
| Profit (loss) for the period | 9904 | €2,948 | €29,096 | +€26,147 | +887% |
| Profit (loss) for the period to be appropriated | 9905 | €2,948 | €29,096 | +€26,147 | +887% |
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 1 November 2026 via checked.be.