ADRICO: 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.
ADRICO
Largest movements
- Current investments +€50,570
up €50,570 (+335%), from €15,097 to €65,667
- Cash -€22,521
down €22,521 (-44.5%), from €50,569 to €28,049
mainly Current investments (-€50,570) and Investment in fixed assets (net) (-€21,670)
- Receivables within one year -€7,897
down €7,897 (-36.3%), from €21,784 to €13,886
of which Other amounts receivable: -€7,806
- Reserves +€10,000
up €10,000 (+5.8%), from €171,548 to €181,548
- Profit (loss) carried forward +€8,270
up €8,270, from -€6,935 to €1,335
- Depreciation -€9,659
down €9,659 (-31.4%), from €30,758 to €21,099
- Taxes +€3,472
up €3,472 (+64.6%), from €5,371 to €8,843
- Financial income +€1,638
up €1,638 (+602%), from €272 to €1,911
- Gross operating margin -€1,566
down €1,566 (-2.9%), from €54,565 to €52,999
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 | €182,315 | €203,738 | +€21,424 | +11.8% |
| Fixed assets | 21/28 | €91,886 | €92,456 | +€571 | +0.6% |
| Tangible fixed assets | 22/27 | €91,855 | €92,425 | +€571 | +0.6% |
| Land and buildings | 22 | €60,692 | €66,282 | +€5,589 | +9.2% |
| Furniture and vehicles | 24 | €31,162 | €26,144 | -€5,019 | -16.1% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €90,429 | €111,282 | +€20,853 | +23.1% |
| Amounts receivable within one year | 40/41 | €21,784 | €13,886 | -€7,897 | -36.3% |
| Trade receivables | 40 | €13,100 | €13,008 | -€91 | -0.7% |
| Other amounts receivable | 41 | €8,684 | €878 | -€7,806 | -89.9% |
| Current investments | 50/53 | €15,097 | €65,667 | +€50,570 | +335% |
| Cash at bank and in hand | 54/58 | €50,569 | €28,049 | -€22,521 | -44.5% |
| Deferred charges and accrued income | 490/1 | €2,979 | €3,681 | +€701 | +23.5% |
| Total equity and liabilities | 10/49 | €182,315 | €203,738 | +€21,424 | +11.8% |
| Equity | 10/15 | €170,971 | €189,241 | +€18,270 | +10.7% |
| Contributions | 10/11 | €6,358 | €6,358 | = | 0.0% |
| Reserves | 13 | €171,548 | €181,548 | +€10,000 | +5.8% |
| Distributable reserves | 133 | €171,548 | €181,548 | +€10,000 | +5.8% |
| Profit (loss) carried forward | 14 | -€6,935 | €1,335 | +€8,270 | |
| Amounts payable | 17/49 | €11,344 | €14,497 | +€3,153 | +27.8% |
| Amounts payable within one year | 42/48 | €11,344 | €14,497 | +€3,153 | +27.8% |
| Trade debts | 44 | - | €35 | +€35 | |
| Suppliers | 440/4 | - | €35 | +€35 | |
| Taxes, remuneration and social security | 45 | €11,344 | €12,796 | +€1,452 | +12.8% |
| Taxes | 450/3 | €11,344 | €12,796 | +€1,452 | +12.8% |
| Other amounts payable | 47/48 | - | €1,666 | +€1,666 | |
| Non-recurring operating income | 76A | €1,416 | - | -€1,416 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,758 | €21,099 | -€9,659 | -31.4% |
| Other operating charges | 640/8 | €3,894 | €3,973 | +€78 | +2.0% |
| Gross operating margin | 9900 | €54,565 | €52,999 | -€1,566 | -2.9% |
| Operating profit (loss) | 9901 | €19,913 | €27,928 | +€8,015 | +40.2% |
| Financial income | 75/76B | €272 | €1,911 | +€1,638 | +602% |
| Recurring financial income | 75 | €272 | €1,911 | +€1,638 | +602% |
| Financial charges | 65/66B | €941 | €1,059 | +€119 | +12.6% |
| Recurring financial charges | 65 | €941 | €1,059 | +€119 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €19,245 | €28,779 | +€9,534 | +49.5% |
| Income taxes | 67/77 | €5,371 | €8,843 | +€3,472 | +64.6% |
| Profit (loss) for the period | 9904 | €13,874 | €19,936 | +€6,063 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,874 | €19,936 | +€6,063 | +43.7% |
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 19 October 2026 via checked.be.