ADRIAN CONSTRUCT: what changed
Two fiscal 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.
ADRIAN CONSTRUCT
Largest movements
- Receivables within one year +€7,310
up €7,310 (+9.8%), from €74,308 to €81,618
of which Other amounts receivable: +€5,692
- Tangible fixed assets -€2,500
down €2,500 (-25.0%), from €10,000 to €7,500
- Profit (loss) carried forward +€11,581
up €11,581 (+26.2%), from €44,270 to €55,851
- Other debts -€4,201
down €4,201 (-63.6%), from €6,600 to €2,399
- Tax, wage and social debts -€3,587
down €3,587 (-20.2%), from €17,759 to €14,172
of which Remuneration and social security: -€6,759
- Trade debts +€1,067
up €1,067 (+16.5%), from €6,463 to €7,530
- Gross operating margin -€40,578
down €40,578 (-68.4%), from €59,334 to €18,756
- Taxes -€7,828
down €7,828 (-71.2%), from €11,000 to €3,172
- Other operating charges +€1,190
up €1,190 (+432.7%), from €275 to €1,465
- Depreciation -€1,050
down €1,050 (-29.6%), from €3,550 to €2,500
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.
Cash bridge derived
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 | €85,092 | €89,952 | +€4,860 | +5.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Tangible fixed assets | 22/27 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Furniture and vehicles | 24 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Current assets | 29/58 | €75,092 | €82,452 | +€7,360 | +9.8% |
| Amounts receivable within one year | 40/41 | €74,308 | €81,618 | +€7,310 | +9.8% |
| Trade receivables | 40 | €51,921 | €53,538 | +€1,618 | +3.1% |
| Other amounts receivable | 41 | €22,387 | €28,079 | +€5,692 | +25.4% |
| Cash at bank and in hand | 54/58 | €784 | €834 | +€51 | +6.5% |
| Total equity and liabilities | 10/49 | €85,092 | €89,952 | +€4,860 | +5.7% |
| Equity | 10/15 | €54,270 | €65,851 | +€11,581 | +21.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,270 | €55,851 | +€11,581 | +26.2% |
| Amounts payable | 17/49 | €30,821 | €24,101 | -€6,720 | -21.8% |
| Amounts payable within one year | 42/48 | €30,821 | €24,101 | -€6,720 | -21.8% |
| Trade debts | 44 | €6,463 | €7,530 | +€1,067 | +16.5% |
| Suppliers | 440/4 | €6,463 | €7,530 | +€1,067 | +16.5% |
| Taxes, remuneration and social security | 45 | €17,759 | €14,172 | -€3,587 | -20.2% |
| Taxes | 450/3 | €11,000 | €14,172 | +€3,172 | +28.8% |
| Remuneration and social security | 454/9 | €6,759 | - | -€6,759 | |
| Other amounts payable | 47/48 | €6,600 | €2,399 | -€4,201 | -63.6% |
| Remuneration, social security and pensions | 62 | €240 | - | -€240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,550 | €2,500 | -€1,050 | -29.6% |
| Other operating charges | 640/8 | €275 | €1,465 | +€1,190 | +432.7% |
| Gross operating margin | 9900 | €59,334 | €18,756 | -€40,578 | -68.4% |
| Operating profit (loss) | 9901 | €55,269 | €14,790 | -€40,479 | -73.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | - | €38 | +€38 | |
| Recurring financial charges | 65 | - | €38 | +€38 | |
| Profit (loss) for the period before taxes | 9903 | €55,270 | €14,752 | -€40,518 | -73.3% |
| Income taxes | 67/77 | €11,000 | €3,172 | -€7,828 | -71.2% |
| Profit (loss) for the period | 9904 | €44,270 | €11,581 | -€32,690 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,270 | €11,581 | -€32,690 | -73.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.