ADRIBOUW: 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.
ADRIBOUW
Largest movements
- Stocks and contracts -€221,385
down €221,385 (-97.4%), from €227,385 to €6,000
- Receivables within one year -€116,932
down €116,932 (-32.6%), from €358,522 to €241,590
of which Trade receivables: -€116,652
- Cash +€77,072
up €77,072 (+752%), from €10,245 to €87,317
mainly Stocks and contracts (+€221,385) and Other debts (+€211,342)
- Tangible fixed assets +€25,007
up €25,007 (+35.1%), from €71,145 to €96,152
of which Land and buildings: +€32,000
- Reserves -€211,342
down €211,342 (-41.7%), from €507,398 to €296,056
- Other debts +€211,342
new in 2025: €211,342
- Trade debts -€100,687
down €100,687 (-76.2%), from €132,201 to €31,514
- Profit (loss) carried forward -€81,796
down €81,796 (-77.9%), from €105,057 to €23,260
- Debts after one year -€29,539
down €29,539 (-17.3%), from €170,839 to €141,300
- Gross operating margin -€109,410
down €109,410, from €70,792 to -€38,618
- Taxes -€14,930
down €14,930 (-94.7%), from €15,770 to €839
- Other operating charges +€13,918
up €13,918 (+180%), from €7,714 to €21,632
- Depreciation +€2,047
up €2,047 (+14.6%), from €14,069 to €16,117
- Financial charges +€1,683
up €1,683 (+8.0%), from €21,044 to €22,727
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 | €1,010,221 | €774,259 | -€235,962 | -23.4% |
| Fixed assets | 21/28 | €72,195 | €97,202 | +€25,007 | +34.6% |
| Tangible fixed assets | 22/27 | €71,145 | €96,152 | +€25,007 | +35.1% |
| Land and buildings | 22 | €54,000 | €86,000 | +€32,000 | +59.3% |
| Plant, machinery and equipment | 23 | €5,875 | €4,204 | -€1,671 | -28.4% |
| Furniture and vehicles | 24 | €11,270 | €5,948 | -€5,322 | -47.2% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €938,026 | €677,057 | -€260,969 | -27.8% |
| Amounts receivable after more than one year | 29 | €326,625 | €326,625 | = | 0.0% |
| Other amounts receivable | 291 | €326,625 | €326,625 | = | 0.0% |
| Stocks and contracts in progress | 3 | €227,385 | €6,000 | -€221,385 | -97.4% |
| Stocks | 30/36 | €227,385 | €6,000 | -€221,385 | -97.4% |
| Amounts receivable within one year | 40/41 | €358,522 | €241,590 | -€116,932 | -32.6% |
| Trade receivables | 40 | €127,560 | €10,908 | -€116,652 | -91.4% |
| Other amounts receivable | 41 | €230,962 | €230,681 | -€280 | -0.1% |
| Cash at bank and in hand | 54/58 | €10,245 | €87,317 | +€77,072 | +752% |
| Deferred charges and accrued income | 490/1 | €15,249 | €15,526 | +€276 | +1.8% |
| Total equity and liabilities | 10/49 | €1,010,221 | €774,259 | -€235,962 | -23.4% |
| Equity | 10/15 | €618,655 | €325,516 | -€293,138 | -47.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €507,398 | €296,056 | -€211,342 | -41.7% |
| Distributable reserves | 133 | €507,398 | €296,056 | -€211,342 | -41.7% |
| Profit (loss) carried forward | 14 | €105,057 | €23,260 | -€81,796 | -77.9% |
| Amounts payable | 17/49 | €391,566 | €448,743 | +€57,177 | +14.6% |
| Amounts payable after more than one year | 17 | €170,839 | €141,300 | -€29,539 | -17.3% |
| Financial debts | 170/4 | €170,839 | €141,300 | -€29,539 | -17.3% |
| Amounts payable within one year | 42/48 | €217,727 | €307,443 | +€89,716 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | €31,078 | €29,539 | -€1,539 | -5.0% |
| Financial debts | 43 | €30,000 | €34,500 | +€4,500 | +15.0% |
| Credit institutions | 430/8 | €30,000 | €34,500 | +€4,500 | +15.0% |
| Trade debts | 44 | €132,201 | €31,514 | -€100,687 | -76.2% |
| Suppliers | 440/4 | €132,201 | €31,514 | -€100,687 | -76.2% |
| Advances received on contracts in progress | 46 | €3,656 | - | -€3,656 | |
| Taxes, remuneration and social security | 45 | €20,792 | €548 | -€20,244 | -97.4% |
| Taxes | 450/3 | €20,477 | €548 | -€19,929 | -97.3% |
| Remuneration and social security | 454/9 | €315 | - | -€315 | |
| Other amounts payable | 47/48 | - | €211,342 | +€211,342 | |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | €402 | €277 | -€125 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,069 | €16,117 | +€2,047 | +14.6% |
| Other operating charges | 640/8 | €7,714 | €21,632 | +€13,918 | +180% |
| Gross operating margin | 9900 | €70,792 | -€38,618 | -€109,410 | |
| Operating profit (loss) | 9901 | €48,607 | -€76,643 | -€125,250 | |
| Financial income | 75/76B | €18,496 | €18,414 | -€83 | -0.4% |
| Recurring financial income | 75 | €18,496 | €18,414 | -€83 | -0.4% |
| Financial charges | 65/66B | €21,044 | €22,727 | +€1,683 | +8.0% |
| Recurring financial charges | 65 | €21,044 | €22,727 | +€1,683 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €46,059 | -€80,957 | -€127,016 | |
| Income taxes | 67/77 | €15,770 | €839 | -€14,930 | -94.7% |
| Profit (loss) for the period | 9904 | €30,289 | -€81,796 | -€112,085 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,289 | -€81,796 | -€112,085 |
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 24 October 2026 via checked.be.