ADRIANSENS: 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.
ADRIANSENS
Largest movements
- Cash -€83,689
down €83,689 (-74.0%), from €113,077 to €29,388
mainly Receivables after one year (-€72,000) and Tax, wage and social debts (-€11,886)
- Receivables after one year +€72,000
new in 2025: €72,000
- Receivables within one year +€11,099
up €11,099 (+51.9%), from €21,376 to €32,475
of which Other amounts receivable: +€5,930
- Tax, wage and social debts -€11,886
down €11,886 (-52.6%), from €22,610 to €10,724
of which Taxes: -€11,886
- Reserves +€9,334
up €9,334 (+6.9%), from €135,920 to €145,253
- Trade debts +€3,043
up €3,043 (+69.9%), from €4,353 to €7,397
- Gross operating margin -€5,470
down €5,470 (-18.5%), from €29,501 to €24,031
- Taxes -€4,043
down €4,043 (-38.2%), from €10,588 to €6,545
- Depreciation +€3,218
up €3,218 (+99.1%), from €3,247 to €6,465
- Financial income -€447
no longer reported in 2025 (was €447)
- Financial charges -€391
down €391 (-83.6%), from €468 to €77
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 | €187,097 | €188,152 | +€1,055 | +0.6% |
| Fixed assets | 21/28 | €28,639 | €28,180 | -€460 | -1.6% |
| Tangible fixed assets | 22/27 | €25,939 | €25,480 | -€460 | -1.8% |
| Plant, machinery and equipment | 23 | €821 | €476 | -€344 | -42.0% |
| Furniture and vehicles | 24 | €15,120 | €11,210 | -€3,910 | -25.9% |
| Other tangible fixed assets | 26 | €9,998 | €13,793 | +€3,795 | +38.0% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €158,458 | €159,972 | +€1,514 | +1.0% |
| Amounts receivable after more than one year | 29 | - | €72,000 | +€72,000 | |
| Other amounts receivable | 291 | - | €72,000 | +€72,000 | |
| Amounts receivable within one year | 40/41 | €21,376 | €32,475 | +€11,099 | +51.9% |
| Trade receivables | 40 | €21,376 | €26,546 | +€5,169 | +24.2% |
| Other amounts receivable | 41 | - | €5,930 | +€5,930 | |
| Current investments | 50/53 | €23,281 | €25,153 | +€1,872 | +8.0% |
| Cash at bank and in hand | 54/58 | €113,077 | €29,388 | -€83,689 | -74.0% |
| Deferred charges and accrued income | 490/1 | €723 | €956 | +€232 | +32.1% |
| Total equity and liabilities | 10/49 | €187,097 | €188,152 | +€1,055 | +0.6% |
| Equity | 10/15 | €155,920 | €165,253 | +€9,334 | +6.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €135,920 | €145,253 | +€9,334 | +6.9% |
| Distributable reserves | 133 | €135,920 | €145,253 | +€9,334 | +6.9% |
| Amounts payable | 17/49 | €31,177 | €22,898 | -€8,279 | -26.6% |
| Amounts payable within one year | 42/48 | €28,677 | €18,526 | -€10,151 | -35.4% |
| Trade debts | 44 | €4,353 | €7,397 | +€3,043 | +69.9% |
| Suppliers | 440/4 | €4,353 | €7,397 | +€3,043 | +69.9% |
| Taxes, remuneration and social security | 45 | €22,610 | €10,724 | -€11,886 | -52.6% |
| Taxes | 450/3 | €19,610 | €7,724 | -€11,886 | -60.6% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,714 | €405 | -€1,309 | -76.4% |
| Accrued charges and deferred income | 492/3 | €2,500 | €4,372 | +€1,872 | +74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,247 | €6,465 | +€3,218 | +99.1% |
| Other operating charges | 640/8 | €1,654 | €1,611 | -€43 | -2.6% |
| Gross operating margin | 9900 | €29,501 | €24,031 | -€5,470 | -18.5% |
| Operating profit (loss) | 9901 | €24,601 | €15,955 | -€8,646 | -35.1% |
| Financial income | 75/76B | €447 | - | -€447 | |
| Recurring financial income | 75 | €447 | - | -€447 | |
| Financial charges | 65/66B | €468 | €77 | -€391 | -83.6% |
| Recurring financial charges | 65 | €468 | €77 | -€391 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | €24,580 | €15,878 | -€8,702 | -35.4% |
| Income taxes | 67/77 | €10,588 | €6,545 | -€4,043 | -38.2% |
| Profit (loss) for the period | 9904 | €13,992 | €9,334 | -€4,659 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,992 | €9,334 | -€4,659 | -33.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.