ADRIEN MEIRA: 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 MEIRA
Largest movements
- Receivables after one year -€59,716
down €59,716 (-21.0%), from €284,457 to €224,742
- Receivables within one year +€8,628
up €8,628 (+18.6%), from €46,483 to €55,111
of which Trade receivables: +€15,548
- Debts within one year -€33,350
down €33,350 (-14.6%), from €229,059 to €195,709
of which Other debts: -€107,000
- Profit (loss) carried forward -€15,104
down €15,104 (-13.9%), from €108,838 to €93,734
- Gross operating margin +€10,287
up €10,287 (+9.9%), from €104,424 to €114,711
- Taxes +€3,406
up €3,406 (+11.5%), from €29,619 to €33,025
- Financial charges +€1,900
up €1,900 (+333%), from €571 to €2,471
- Other operating charges -€1,634
down €1,634 (-68.2%), from €2,395 to €762
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 | €341,897 | €293,443 | -€48,454 | -14.2% |
| Fixed assets | 21/28 | €10,869 | €12,653 | +€1,784 | +16.4% |
| Tangible fixed assets | 22/27 | €10,869 | €10,053 | -€816 | -7.5% |
| Furniture and vehicles | 24 | €816 | - | -€816 | |
| Other tangible fixed assets | 26 | €10,053 | €10,053 | = | 0.0% |
| Financial fixed assets | 28 | - | €2,600 | +€2,600 | |
| Current assets | 29/58 | €331,028 | €280,790 | -€50,238 | -15.2% |
| Amounts receivable after more than one year | 29 | €284,457 | €224,742 | -€59,716 | -21.0% |
| Other amounts receivable | 291 | €284,457 | €224,742 | -€59,716 | -21.0% |
| Amounts receivable within one year | 40/41 | €46,483 | €55,111 | +€8,628 | +18.6% |
| Trade receivables | 40 | €39,563 | €55,111 | +€15,548 | +39.3% |
| Other amounts receivable | 41 | €6,920 | - | -€6,920 | |
| Cash at bank and in hand | 54/58 | €87 | - | -€87 | |
| Deferred charges and accrued income | 490/1 | - | €937 | +€937 | |
| Total equity and liabilities | 10/49 | €341,897 | €293,443 | -€48,454 | -14.2% |
| Equity | 10/15 | €112,838 | €97,734 | -€15,104 | -13.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,838 | €93,734 | -€15,104 | -13.9% |
| Amounts payable | 17/49 | €229,059 | €195,709 | -€33,350 | -14.6% |
| Amounts payable within one year | 42/48 | €229,059 | €195,709 | -€33,350 | -14.6% |
| Financial debts | 43 | - | €17,863 | +€17,863 | |
| Credit institutions | 430/8 | - | €17,863 | +€17,863 | |
| Trade debts | 44 | €29,644 | €54,763 | +€25,119 | +84.7% |
| Suppliers | 440/4 | €29,644 | €54,763 | +€25,119 | +84.7% |
| Taxes, remuneration and social security | 45 | €99,415 | €105,083 | +€5,667 | +5.7% |
| Taxes | 450/3 | €99,415 | €105,083 | +€5,667 | +5.7% |
| Other amounts payable | 47/48 | €125,000 | €18,000 | -€107,000 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €816 | €816 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,395 | €762 | -€1,634 | -68.2% |
| Gross operating margin | 9900 | €104,424 | €114,711 | +€10,287 | +9.9% |
| Operating profit (loss) | 9901 | €101,213 | €113,133 | +€11,920 | +11.8% |
| Financial income | 75/76B | €7,565 | €7,259 | -€306 | -4.0% |
| Recurring financial income | 75 | €7,565 | €7,259 | -€306 | -4.0% |
| Financial charges | 65/66B | €571 | €2,471 | +€1,900 | +333% |
| Recurring financial charges | 65 | €571 | €2,471 | +€1,900 | +333% |
| Profit (loss) for the period before taxes | 9903 | €108,207 | €117,921 | +€9,713 | +9.0% |
| Income taxes | 67/77 | €29,619 | €33,025 | +€3,406 | +11.5% |
| Profit (loss) for the period | 9904 | €78,589 | €84,896 | +€6,308 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,589 | €84,896 | +€6,308 | +8.0% |
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 31 October 2026 via checked.be.