Adrias: 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.
Adrias
Largest movements
- Cash -€28,756
down €28,756 (-66.8%), from €43,043 to €14,287
mainly Contributions, distributions and other (-€34,815) and Investment in fixed assets (net) (-€19,485)
- Receivables within one year +€15,081
up €15,081 (+76.2%), from €19,794 to €34,875
- Tangible fixed assets +€9,508
up €9,508 (+10.6%), from €89,512 to €99,020
of which Other tangible fixed assets: +€8,403
- Deferred charges and accrued income -€7,056
down €7,056 (-60.4%), from €11,691 to €4,635
- Profit (loss) carried forward -€21,114
down €21,114 (-100.0%), from €21,114 to €0
- Other debts +€15,133
up €15,133 (+250.3%), from €6,045 to €21,178
- Debts after one year -€6,678
down €6,678 (-5.8%), from €114,466 to €107,789
- Trade debts +€2,825
up €2,825 (+90.3%), from €3,128 to €5,953
- Depreciation +€1,144
up €1,144 (+13.0%), from €8,833 to €9,977
- Financial charges -€868
down €868 (-14.7%), from €5,888 to €5,020
- Gross operating margin +€526
up €526 (+1.6%), from €33,241 to €33,766
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 | €164,039 | €152,817 | -€11,222 | -6.8% |
| Fixed assets | 21/28 | €89,512 | €99,020 | +€9,508 | +10.6% |
| Tangible fixed assets | 22/27 | €89,512 | €99,020 | +€9,508 | +10.6% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | - | €1,242 | +€1,242 | |
| Furniture and vehicles | 24 | €231 | €94 | -€137 | -59.4% |
| Other tangible fixed assets | 26 | €89,281 | €97,684 | +€8,403 | +9.4% |
| Current assets | 29/58 | €74,528 | €53,797 | -€20,731 | -27.8% |
| Amounts receivable within one year | 40/41 | €19,794 | €34,875 | +€15,081 | +76.2% |
| Trade receivables | 40 | €19,794 | €34,875 | +€15,081 | +76.2% |
| Cash at bank and in hand | 54/58 | €43,043 | €14,287 | -€28,756 | -66.8% |
| Deferred charges and accrued income | 490/1 | €11,691 | €4,635 | -€7,056 | -60.4% |
| Total equity and liabilities | 10/49 | €164,039 | €152,817 | -€11,222 | -6.8% |
| Equity | 10/15 | €21,614 | €500 | -€21,114 | -97.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €21,114 | €0 | -€21,114 | -100.0% |
| Amounts payable | 17/49 | €142,425 | €152,317 | +€9,892 | +6.9% |
| Amounts payable after more than one year | 17 | €114,466 | €107,789 | -€6,678 | -5.8% |
| Financial debts | 170/4 | €114,466 | €107,789 | -€6,678 | -5.8% |
| Amounts payable within one year | 42/48 | €27,140 | €44,133 | +€16,994 | +62.6% |
| Current portion of amounts payable after more than one year | 42 | €6,420 | €6,678 | +€258 | +4.0% |
| Trade debts | 44 | €3,128 | €5,953 | +€2,825 | +90.3% |
| Suppliers | 440/4 | €3,128 | €5,953 | +€2,825 | +90.3% |
| Taxes, remuneration and social security | 45 | €11,547 | €10,325 | -€1,222 | -10.6% |
| Taxes | 450/3 | €11,547 | €10,325 | -€1,222 | -10.6% |
| Other amounts payable | 47/48 | €6,045 | €21,178 | +€15,133 | +250.3% |
| Accrued charges and deferred income | 492/3 | €819 | €395 | -€424 | -51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,833 | €9,977 | +€1,144 | +13.0% |
| Other operating charges | 640/8 | €544 | €797 | +€252 | +46.4% |
| Gross operating margin | 9900 | €33,241 | €33,766 | +€526 | +1.6% |
| Operating profit (loss) | 9901 | €23,864 | €22,993 | -€871 | -3.7% |
| Financial income | 75/76B | €5 | €38 | +€34 | +714.5% |
| Recurring financial income | 75 | €5 | €38 | +€34 | +714.5% |
| Financial charges | 65/66B | €5,888 | €5,020 | -€868 | -14.7% |
| Recurring financial charges | 65 | €5,888 | €5,020 | -€868 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €17,981 | €18,011 | +€30 | +0.2% |
| Income taxes | 67/77 | €4,369 | €4,311 | -€58 | -1.3% |
| Profit (loss) for the period | 9904 | €13,612 | €13,700 | +€88 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,612 | €13,700 | +€88 | +0.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.