Adrian OR: 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.
Adrian OR
Largest movements
- Current investments +€30,000
new in 2025: €30,000
- Cash +€27,183
up €27,183 (+53.8%), from €50,552 to €77,736
mainly Net result for the year (+€48,197) and Tax, wage and social debts (+€8,769)
- Receivables within one year +€4,481
up €4,481 (+6.4%), from €70,375 to €74,856
- Reserves +€48,197
up €48,197 (+57.1%), from €84,455 to €132,653
- Tax, wage and social debts +€8,769
up €8,769 (+34.6%), from €25,368 to €34,136
- Other debts +€5,160
up €5,160 (+100%), from €5,160 to €10,320
- Gross operating margin -€33,643
down €33,643 (-35.4%), from €94,951 to €61,307
- Taxes -€6,919
down €6,919 (-36.5%), from €18,968 to €12,049
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
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,927 | €182,592 | +€61,665 | +51.0% |
| Current assets | 29/58 | €120,927 | €182,592 | +€61,665 | +51.0% |
| Amounts receivable within one year | 40/41 | €70,375 | €74,856 | +€4,481 | +6.4% |
| Trade receivables | 40 | €70,375 | €74,856 | +€4,481 | +6.4% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €50,552 | €77,736 | +€27,183 | +53.8% |
| Total equity and liabilities | 10/49 | €120,927 | €182,592 | +€61,665 | +51.0% |
| Equity | 10/15 | €89,455 | €137,653 | +€48,197 | +53.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €84,455 | €132,653 | +€48,197 | +57.1% |
| Distributable reserves | 133 | €84,455 | €132,653 | +€48,197 | +57.1% |
| Amounts payable | 17/49 | €31,472 | €44,939 | +€13,467 | +42.8% |
| Amounts payable within one year | 42/48 | €31,472 | €44,939 | +€13,467 | +42.8% |
| Trade debts | 44 | €944 | €483 | -€461 | -48.9% |
| Suppliers | 440/4 | €944 | €483 | -€461 | -48.9% |
| Taxes, remuneration and social security | 45 | €25,368 | €34,136 | +€8,769 | +34.6% |
| Taxes | 450/3 | €25,368 | €34,136 | +€8,769 | +34.6% |
| Other amounts payable | 47/48 | €5,160 | €10,320 | +€5,160 | +100% |
| Other operating charges | 640/8 | €64 | €977 | +€913 | +1,431% |
| Gross operating margin | 9900 | €94,951 | €61,307 | -€33,643 | -35.4% |
| Operating profit (loss) | 9901 | €94,887 | €60,330 | -€34,556 | -36.4% |
| Financial charges | 65/66B | €47 | €84 | +€37 | +80.3% |
| Recurring financial charges | 65 | €47 | €84 | +€37 | +80.3% |
| Profit (loss) for the period before taxes | 9903 | €94,840 | €60,247 | -€34,594 | -36.5% |
| Income taxes | 67/77 | €18,968 | €12,049 | -€6,919 | -36.5% |
| Profit (loss) for the period | 9904 | €75,872 | €48,197 | -€27,675 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,872 | €48,197 | -€27,675 | -36.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.