ADRIEN PIERRE: 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 PIERRE
Largest movements
- Cash +€9,212
up €9,212 (+761%), from €1,211 to €10,423
mainly Net result for the year (+€8,236) and Receivables within one year (+€6,924)
- Receivables within one year -€6,924
down €6,924 (-46.9%), from €14,762 to €7,838
of which Other amounts receivable: -€4,440
- Tangible fixed assets +€4,973
up €4,973 (+80.9%), from €6,145 to €11,118
of which Furniture and vehicles: +€5,532
- Deferred charges and accrued income +€1,220
up €1,220 (+308%), from €396 to €1,617
- Trade debts +€6,873
up €6,873 (+153%), from €4,487 to €11,360
- Other debts +€4,202
up €4,202 (+28.0%), from €15,000 to €19,202
- Tax, wage and social debts -€1,535
down €1,535 (-16.5%), from €9,286 to €7,751
- Current portion of long-term debt -€1,295
no longer reported in 2025 (was €1,295)
- Short-term financial debts +€1,000
new in 2025: €1,000
- Gross operating margin +€12,096
up €12,096 (+136%), from €8,883 to €20,979
- Taxes +€4,664
up €4,664 (+142%), from €3,295 to €7,960
- Depreciation +€755
up €755 (+26.3%), from €2,870 to €3,625
- Financial income -€529
down €529 (-100.0%), from €529 to €0
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 | €33,598 | €42,079 | +€8,481 | +25.2% |
| Fixed assets | 21/28 | €17,229 | €22,201 | +€4,973 | +28.9% |
| Tangible fixed assets | 22/27 | €6,145 | €11,118 | +€4,973 | +80.9% |
| Furniture and vehicles | 24 | €2,607 | €8,139 | +€5,532 | +212% |
| Other tangible fixed assets | 26 | €3,538 | €2,979 | -€560 | -15.8% |
| Financial fixed assets | 28 | €11,083 | €11,083 | = | 0.0% |
| Current assets | 29/58 | €16,369 | €19,878 | +€3,509 | +21.4% |
| Amounts receivable within one year | 40/41 | €14,762 | €7,838 | -€6,924 | -46.9% |
| Trade receivables | 40 | €9,852 | €7,368 | -€2,484 | -25.2% |
| Other amounts receivable | 41 | €4,910 | €470 | -€4,440 | -90.4% |
| Cash at bank and in hand | 54/58 | €1,211 | €10,423 | +€9,212 | +761% |
| Deferred charges and accrued income | 490/1 | €396 | €1,617 | +€1,220 | +308% |
| Total equity and liabilities | 10/49 | €33,598 | €42,079 | +€8,481 | +25.2% |
| Equity | 10/15 | €3,530 | €2,766 | -€764 | -21.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,030 | €266 | -€764 | -74.2% |
| Amounts payable | 17/49 | €30,068 | €39,313 | +€9,245 | +30.7% |
| Amounts payable within one year | 42/48 | €30,068 | €39,313 | +€9,245 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €1,295 | - | -€1,295 | |
| Financial debts | 43 | - | €1,000 | +€1,000 | |
| Credit institutions | 430/8 | - | €1,000 | +€1,000 | |
| Trade debts | 44 | €4,487 | €11,360 | +€6,873 | +153% |
| Suppliers | 440/4 | €4,487 | €11,360 | +€6,873 | +153% |
| Taxes, remuneration and social security | 45 | €9,286 | €7,751 | -€1,535 | -16.5% |
| Taxes | 450/3 | €9,286 | €7,751 | -€1,535 | -16.5% |
| Other amounts payable | 47/48 | €15,000 | €19,202 | +€4,202 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,870 | €3,625 | +€755 | +26.3% |
| Other operating charges | 640/8 | €645 | €699 | +€54 | +8.4% |
| Gross operating margin | 9900 | €8,883 | €20,979 | +€12,096 | +136% |
| Operating profit (loss) | 9901 | €5,369 | €16,655 | +€11,286 | +210% |
| Financial income | 75/76B | €529 | €0 | -€529 | -100.0% |
| Recurring financial income | 75 | €529 | €0 | -€529 | -100.0% |
| Financial charges | 65/66B | €614 | €459 | -€155 | -25.2% |
| Recurring financial charges | 65 | €614 | €459 | -€155 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €5,283 | €16,196 | +€10,912 | +207% |
| Income taxes | 67/77 | €3,295 | €7,960 | +€4,664 | +142% |
| Profit (loss) for the period | 9904 | €1,988 | €8,236 | +€6,248 | +314% |
| Profit (loss) for the period to be appropriated | 9905 | €1,988 | €8,236 | +€6,248 | +314% |
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.