Adrien Fink: 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.
Adrien Fink
Largest movements
- Cash -€8,226
down €8,226 (-9.0%), from €91,907 to €83,681
mainly Contributions, distributions and other (-€22,907) and Receivables within one year (-€3,053)
- Receivables within one year +€3,053
up €3,053 (+50.8%), from €6,005 to €9,058
of which Other amounts receivable: +€3,053
- Tax, wage and social debts -€2,978
down €2,978 (-17.4%), from €17,107 to €14,129
of which Taxes: -€2,978
- Trade debts -€2,061
down €2,061 (-42.9%), from €4,799 to €2,738
- Gross operating margin -€26,710
down €26,710 (-45.9%), from €58,177 to €31,467
- Taxes -€10,174
down €10,174 (-60.0%), from €16,951 to €6,777
- Financial charges +€1,963
up €1,963 (+821%), from €239 to €2,202
- Financial income +€1,095
up €1,095 (+239%), from €458 to €1,553
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 | €99,044 | €94,005 | -€5,039 | -5.1% |
| Current assets | 29/58 | €99,044 | €94,005 | -€5,039 | -5.1% |
| Amounts receivable within one year | 40/41 | €6,005 | €9,058 | +€3,053 | +50.8% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €6,005 | €9,058 | +€3,053 | +50.8% |
| Cash at bank and in hand | 54/58 | €91,907 | €83,681 | -€8,226 | -9.0% |
| Deferred charges and accrued income | 490/1 | €1,132 | €1,266 | +€134 | +11.9% |
| Total equity and liabilities | 10/49 | €99,044 | €94,005 | -€5,039 | -5.1% |
| Equity | 10/15 | €77,138 | €77,138 | = | 0.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €76,638 | €76,638 | = | 0.0% |
| Distributable reserves | 133 | €76,638 | €76,638 | = | 0.0% |
| Amounts payable | 17/49 | €21,906 | €16,867 | -€5,039 | -23.0% |
| Amounts payable within one year | 42/48 | €21,906 | €16,867 | -€5,039 | -23.0% |
| Trade debts | 44 | €4,799 | €2,738 | -€2,061 | -42.9% |
| Suppliers | 440/4 | €4,799 | €2,738 | -€2,061 | -42.9% |
| Taxes, remuneration and social security | 45 | €17,107 | €14,129 | -€2,978 | -17.4% |
| Taxes | 450/3 | €17,107 | €14,129 | -€2,978 | -17.4% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | - | €0 | = | |
| Other operating charges | 640/8 | €610 | €1,134 | +€524 | +86.0% |
| Gross operating margin | 9900 | €58,177 | €31,467 | -€26,710 | -45.9% |
| Operating profit (loss) | 9901 | €57,567 | €30,333 | -€27,234 | -47.3% |
| Financial income | 75/76B | €458 | €1,553 | +€1,095 | +239% |
| Recurring financial income | 75 | €458 | €1,553 | +€1,095 | +239% |
| Financial charges | 65/66B | €239 | €2,202 | +€1,963 | +821% |
| Recurring financial charges | 65 | €239 | €2,202 | +€1,963 | +821% |
| Profit (loss) for the period before taxes | 9903 | €57,786 | €29,684 | -€28,103 | -48.6% |
| Income taxes | 67/77 | €16,951 | €6,777 | -€10,174 | -60.0% |
| Profit (loss) for the period | 9904 | €40,835 | €22,907 | -€17,929 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,835 | €22,907 | -€17,929 | -43.9% |
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 17 October 2026 via checked.be.