ADRIANEK: 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.
ADRIANEK
Largest movements
- Cash -€31,941
down €31,941 (-77.2%), from €41,398 to €9,457
mainly Net result for the year (-€32,010) and Debts after one year (-€12,558)
- Receivables within one year -€7,434
down €7,434 (-57.4%), from €12,956 to €5,522
of which Other amounts receivable: -€8,935
- Stocks and contracts -€6,905
down €6,905 (-25.8%), from €26,756 to €19,851
- Deferred charges and accrued income -€1,165
down €1,165 (-60.8%), from €1,917 to €752
- Profit (loss) carried forward -€32,010
down €32,010 (-339.3%), from -€9,435 to -€41,444
- Debts after one year -€12,558
down €12,558 (-66.2%), from €18,962 to €6,404
- Tax, wage and social debts +€5,561
up €5,561 (+419.0%), from €1,327 to €6,888
of which Taxes: +€2,834
- Current portion of long-term debt -€4,583
down €4,583 (-28.1%), from €16,336 to €11,753
- Trade debts -€4,027
down €4,027 (-22.7%), from €17,726 to €13,699
- Staff costs +€14,433
up €14,433 (+580.2%), from €2,488 to €16,921
- Other operating charges +€9,841
up €9,841 (+1110.0%), from €887 to €10,727
- Financial charges +€1,787
up €1,787 (+83.8%), from €2,131 to €3,918
- Gross operating margin -€248
down €248 (-52.1%), from €476 to €228
- Financial income +€20
new in 2025: €20
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.
Cash bridge derived
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 | €87,849 | €39,712 | -€48,137 | -54.8% |
| Fixed assets | 21/28 | €4,822 | €4,130 | -€692 | -14.3% |
| Tangible fixed assets | 22/27 | €2,344 | €1,652 | -€692 | -29.5% |
| Plant, machinery and equipment | 23 | €2,344 | €1,652 | -€692 | -29.5% |
| Financial fixed assets | 28 | €2,478 | €2,478 | = | 0.0% |
| Current assets | 29/58 | €83,027 | €35,581 | -€47,446 | -57.1% |
| Stocks and contracts in progress | 3 | €26,756 | €19,851 | -€6,905 | -25.8% |
| Stocks | 30/36 | €26,756 | €19,851 | -€6,905 | -25.8% |
| Amounts receivable within one year | 40/41 | €12,956 | €5,522 | -€7,434 | -57.4% |
| Trade receivables | 40 | €4,020 | €5,522 | +€1,501 | +37.3% |
| Other amounts receivable | 41 | €8,935 | - | -€8,935 | |
| Cash at bank and in hand | 54/58 | €41,398 | €9,457 | -€31,941 | -77.2% |
| Deferred charges and accrued income | 490/1 | €1,917 | €752 | -€1,165 | -60.8% |
| Total equity and liabilities | 10/49 | €87,849 | €39,712 | -€48,137 | -54.8% |
| Equity | 10/15 | €31,026 | -€984 | -€32,010 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| 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 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,435 | -€41,444 | -€32,010 | -339.3% |
| Amounts payable | 17/49 | €56,824 | €40,696 | -€16,127 | -28.4% |
| Amounts payable after more than one year | 17 | €18,962 | €6,404 | -€12,558 | -66.2% |
| Financial debts | 170/4 | €18,962 | €6,404 | -€12,558 | -66.2% |
| Amounts payable within one year | 42/48 | €37,862 | €34,293 | -€3,569 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €16,336 | €11,753 | -€4,583 | -28.1% |
| Trade debts | 44 | €17,726 | €13,699 | -€4,027 | -22.7% |
| Suppliers | 440/4 | €17,726 | €13,699 | -€4,027 | -22.7% |
| Taxes, remuneration and social security | 45 | €1,327 | €6,888 | +€5,561 | +419.0% |
| Taxes | 450/3 | €142 | €2,975 | +€2,834 | +2002.5% |
| Remuneration and social security | 454/9 | €1,186 | €3,913 | +€2,727 | +230.0% |
| Other amounts payable | 47/48 | €2,473 | €1,953 | -€520 | -21.0% |
| Remuneration, social security and pensions | 62 | €2,488 | €16,921 | +€14,433 | +580.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €692 | €692 | = | 0.0% |
| Other operating charges | 640/8 | €887 | €10,727 | +€9,841 | +1110.0% |
| Gross operating margin | 9900 | €476 | €228 | -€248 | -52.1% |
| Operating profit (loss) | 9901 | -€3,590 | -€28,112 | -€24,522 | -683.1% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €2,131 | €3,918 | +€1,787 | +83.8% |
| Recurring financial charges | 65 | €2,131 | €3,918 | +€1,787 | +83.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,721 | -€32,010 | -€26,289 | -459.5% |
| Profit (loss) for the period | 9904 | -€5,721 | -€32,010 | -€26,289 | -459.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,721 | -€32,010 | -€26,289 | -459.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.