ADRICON: 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.
ADRICON
Largest movements
- Cash +€61,522
up €61,522 (+34.4%), from €178,765 to €240,287
mainly Net result for the year (+€88,902) and Accrued charges and deferred income (+€24,210)
- Receivables within one year +€21,788
up €21,788 (+29.8%), from €73,033 to €94,821
of which Other amounts receivable: +€54,639
- Tangible fixed assets -€7,279
down €7,279 (-21.9%), from €33,292 to €26,013
of which Furniture and vehicles: -€6,454
- Reserves +€88,902
up €88,902 (+44.3%), from €200,735 to €289,637
- Trade debts -€40,453
down €40,453 (-44.2%), from €91,461 to €51,008
- Accrued charges and deferred income +€24,210
up €24,210 (+2267.9%), from €1,068 to €25,278
- Gross operating margin -€104,923
down €104,923 (-22.1%), from €475,572 to €370,648
- Staff costs +€28,449
up €28,449 (+14.3%), from €198,408 to €226,857
- Taxes -€25,439
down €25,439 (-42.1%), from €60,442 to €35,003
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 | €318,013 | €391,365 | +€73,352 | +23.1% |
| Fixed assets | 21/28 | €33,292 | €26,013 | -€7,279 | -21.9% |
| Tangible fixed assets | 22/27 | €33,292 | €26,013 | -€7,279 | -21.9% |
| Plant, machinery and equipment | 23 | €3,879 | €3,054 | -€825 | -21.3% |
| Furniture and vehicles | 24 | €29,413 | €22,958 | -€6,454 | -21.9% |
| Current assets | 29/58 | €284,721 | €365,352 | +€80,631 | +28.3% |
| Stocks and contracts in progress | 3 | €23,600 | €24,500 | +€900 | +3.8% |
| Stocks | 30/36 | €23,600 | €24,500 | +€900 | +3.8% |
| Amounts receivable within one year | 40/41 | €73,033 | €94,821 | +€21,788 | +29.8% |
| Trade receivables | 40 | €40,636 | €7,784 | -€32,851 | -80.8% |
| Other amounts receivable | 41 | €32,397 | €87,037 | +€54,639 | +168.7% |
| Cash at bank and in hand | 54/58 | €178,765 | €240,287 | +€61,522 | +34.4% |
| Deferred charges and accrued income | 490/1 | €9,323 | €5,744 | -€3,579 | -38.4% |
| Total equity and liabilities | 10/49 | €318,013 | €391,365 | +€73,352 | +23.1% |
| Equity | 10/15 | €205,735 | €294,637 | +€88,902 | +43.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €200,735 | €289,637 | +€88,902 | +44.3% |
| Distributable reserves | 133 | €200,735 | €289,637 | +€88,902 | +44.3% |
| Amounts payable | 17/49 | €112,277 | €96,728 | -€15,549 | -13.8% |
| Amounts payable within one year | 42/48 | €111,210 | €71,450 | -€39,760 | -35.8% |
| Trade debts | 44 | €91,461 | €51,008 | -€40,453 | -44.2% |
| Suppliers | 440/4 | €91,461 | €51,008 | -€40,453 | -44.2% |
| Taxes, remuneration and social security | 45 | €19,749 | €20,442 | +€693 | +3.5% |
| Taxes | 450/3 | €10,752 | €11,340 | +€588 | +5.5% |
| Remuneration and social security | 454/9 | €8,997 | €9,102 | +€106 | +1.2% |
| Accrued charges and deferred income | 492/3 | €1,068 | €25,278 | +€24,210 | +2267.9% |
| Remuneration, social security and pensions | 62 | €198,408 | €226,857 | +€28,449 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,444 | €7,279 | +€3,835 | +111.3% |
| Other operating charges | 640/8 | €12,220 | €14,625 | +€2,405 | +19.7% |
| Gross operating margin | 9900 | €475,572 | €370,648 | -€104,923 | -22.1% |
| Operating profit (loss) | 9901 | €261,499 | €121,887 | -€139,612 | -53.4% |
| Financial income | 75/76B | €1,921 | €2,058 | +€137 | +7.1% |
| Recurring financial income | 75 | €1,921 | €2,058 | +€137 | +7.1% |
| Financial charges | 65/66B | €2,243 | €40 | -€2,202 | -98.2% |
| Recurring financial charges | 65 | €2,243 | €40 | -€2,202 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €261,177 | €123,904 | -€137,273 | -52.6% |
| Income taxes | 67/77 | €60,442 | €35,003 | -€25,439 | -42.1% |
| Profit (loss) for the period | 9904 | €200,735 | €88,902 | -€111,834 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €200,735 | €88,902 | -€111,834 | -55.7% |
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 10 October 2026 via checked.be.