ADRiCOM: 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.
ADRiCOM
Largest movements
- Cash +€46,061
up €46,061 (+94.0%), from €49,007 to €95,068
mainly Net result for the year (+€86,812) and Receivables within one year (+€23,528)
- Receivables within one year -€23,528
down €23,528 (-54.4%), from €43,238 to €19,710
of which Trade receivables: -€21,678
- Tangible fixed assets -€4,005
down €4,005 (-17.9%), from €22,424 to €18,418
- Tax, wage and social debts +€11,222
up €11,222 (+104%), from €10,740 to €21,962
- Profit (loss) carried forward +€5,312
up €5,312 (+24.6%), from €21,623 to €26,935
- Advances received +€4,918
new in 2025: €4,918
- Trade debts -€1,673
down €1,673 (-50.7%), from €3,301 to €1,627
- Gross operating margin +€28,849
up €28,849 (+30.8%), from €93,587 to €122,436
- Taxes +€12,779
up €12,779 (+71.3%), from €17,922 to €30,701
- Other operating charges -€1,479
down €1,479 (-84.9%), from €1,741 to €263
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 | €114,668 | €133,196 | +€18,528 | +16.2% |
| Fixed assets | 21/28 | €22,424 | €18,418 | -€4,005 | -17.9% |
| Tangible fixed assets | 22/27 | €22,424 | €18,418 | -€4,005 | -17.9% |
| Plant, machinery and equipment | 23 | €8,505 | €6,996 | -€1,509 | -17.7% |
| Furniture and vehicles | 24 | €4,280 | €2,977 | -€1,303 | -30.4% |
| Other tangible fixed assets | 26 | €9,638 | €8,445 | -€1,193 | -12.4% |
| Current assets | 29/58 | €92,245 | €114,778 | +€22,533 | +24.4% |
| Amounts receivable within one year | 40/41 | €43,238 | €19,710 | -€23,528 | -54.4% |
| Trade receivables | 40 | €34,310 | €12,632 | -€21,678 | -63.2% |
| Other amounts receivable | 41 | €8,928 | €7,078 | -€1,850 | -20.7% |
| Cash at bank and in hand | 54/58 | €49,007 | €95,068 | +€46,061 | +94.0% |
| Total equity and liabilities | 10/49 | €114,668 | €133,196 | +€18,528 | +16.2% |
| Equity | 10/15 | €22,623 | €27,935 | +€5,312 | +23.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,623 | €26,935 | +€5,312 | +24.6% |
| Amounts payable | 17/49 | €92,045 | €105,262 | +€13,217 | +14.4% |
| Amounts payable within one year | 42/48 | €92,045 | €105,262 | +€13,217 | +14.4% |
| Trade debts | 44 | €3,301 | €1,627 | -€1,673 | -50.7% |
| Suppliers | 440/4 | €3,301 | €1,627 | -€1,673 | -50.7% |
| Advances received on contracts in progress | 46 | - | €4,918 | +€4,918 | |
| Taxes, remuneration and social security | 45 | €10,740 | €21,962 | +€11,222 | +104% |
| Taxes | 450/3 | €10,740 | €21,962 | +€11,222 | +104% |
| Other amounts payable | 47/48 | €78,004 | €76,754 | -€1,250 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,232 | €4,005 | +€773 | +23.9% |
| Other operating charges | 640/8 | €1,741 | €263 | -€1,479 | -84.9% |
| Gross operating margin | 9900 | €93,587 | €122,436 | +€28,849 | +30.8% |
| Operating profit (loss) | 9901 | €88,613 | €118,168 | +€29,555 | +33.4% |
| Financial charges | 65/66B | €277 | €655 | +€378 | +137% |
| Recurring financial charges | 65 | €277 | €655 | +€378 | +137% |
| Profit (loss) for the period before taxes | 9903 | €88,336 | €117,513 | +€29,177 | +33.0% |
| Income taxes | 67/77 | €17,922 | €30,701 | +€12,779 | +71.3% |
| Profit (loss) for the period | 9904 | €70,414 | €86,812 | +€16,398 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,414 | €86,812 | +€16,398 | +23.3% |
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 14 October 2026 via checked.be.