ADRIJAN: 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.
ADRIJAN
Largest movements
- Tangible fixed assets +€77,850
up €77,850 (+11.3%), from €688,548 to €766,397
of which Land and buildings: +€83,428
- Cash -€52,180
down €52,180 (-13.0%), from €401,249 to €349,069
mainly Investment in fixed assets (net) (-€109,586) and Contributions, distributions and other (-€20,053)
- Receivables within one year +€11,806
up €11,806 (+39.9%), from €29,581 to €41,387
of which Other amounts receivable: +€12,295
- Other debts +€19,839
up €19,839 (+2,435%), from €815 to €20,653
- Reserves +€16,332
up €16,332 (+3.6%), from €455,261 to €471,593
of which Distributable reserves: +€19,637
- Depreciation +€2,819
up €2,819 (+9.7%), from €28,918 to €31,737
- Taxes -€1,279
down €1,279 (-6.2%), from €20,662 to €19,383
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 | €1,123,279 | €1,160,998 | +€37,719 | +3.4% |
| Fixed assets | 21/28 | €688,548 | €766,397 | +€77,850 | +11.3% |
| Tangible fixed assets | 22/27 | €688,548 | €766,397 | +€77,850 | +11.3% |
| Land and buildings | 22 | €495,376 | €578,804 | +€83,428 | +16.8% |
| Plant, machinery and equipment | 23 | €2,983 | €5,438 | +€2,455 | +82.3% |
| Other tangible fixed assets | 26 | €190,188 | €182,155 | -€8,033 | -4.2% |
| Current assets | 29/58 | €434,732 | €394,601 | -€40,131 | -9.2% |
| Amounts receivable within one year | 40/41 | €29,581 | €41,387 | +€11,806 | +39.9% |
| Trade receivables | 40 | €495 | €5 | -€490 | -99.0% |
| Other amounts receivable | 41 | €29,087 | €41,382 | +€12,295 | +42.3% |
| Cash at bank and in hand | 54/58 | €401,249 | €349,069 | -€52,180 | -13.0% |
| Deferred charges and accrued income | 490/1 | €3,902 | €4,145 | +€243 | +6.2% |
| Total equity and liabilities | 10/49 | €1,123,279 | €1,160,998 | +€37,719 | +3.4% |
| Equity | 10/15 | €1,075,261 | €1,091,593 | +€16,332 | +1.5% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Capital | 10 | €620,000 | €620,000 | = | 0.0% |
| Issued capital | 100 | €620,000 | €620,000 | = | 0.0% |
| Reserves | 13 | €455,261 | €471,593 | +€16,332 | +3.6% |
| Non-distributable reserves | 130/1 | €24,748 | €26,837 | +€2,089 | +8.4% |
| Legal reserve | 130 | €24,748 | €26,837 | +€2,089 | +8.4% |
| Tax-exempt reserves | 132 | €126,020 | €120,626 | -€5,394 | -4.3% |
| Distributable reserves | 133 | €304,493 | €324,130 | +€19,637 | +6.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €41,953 | €40,155 | -€1,798 | -4.3% |
| Deferred taxes | 168 | €41,953 | €40,155 | -€1,798 | -4.3% |
| Amounts payable | 17/49 | €6,066 | €29,250 | +€23,184 | +382% |
| Amounts payable within one year | 42/48 | €4,845 | €27,798 | +€22,953 | +474% |
| Trade debts | 44 | €3,484 | €3,570 | +€86 | +2.5% |
| Suppliers | 440/4 | €3,484 | €3,570 | +€86 | +2.5% |
| Taxes, remuneration and social security | 45 | €546 | €3,574 | +€3,029 | +555% |
| Taxes | 450/3 | €546 | €3,574 | +€3,029 | +555% |
| Other amounts payable | 47/48 | €815 | €20,653 | +€19,839 | +2,435% |
| Accrued charges and deferred income | 492/3 | €1,221 | €1,452 | +€231 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,918 | €31,737 | +€2,819 | +9.7% |
| Other operating charges | 640/8 | €18,200 | €18,864 | +€664 | +3.6% |
| Gross operating margin | 9900 | €103,352 | €102,720 | -€633 | -0.6% |
| Operating profit (loss) | 9901 | €56,235 | €52,119 | -€4,115 | -7.3% |
| Financial income | 75/76B | €1,859 | €2,098 | +€239 | +12.8% |
| Recurring financial income | 75 | €1,859 | €2,098 | +€239 | +12.8% |
| Financial charges | 65/66B | €349 | €247 | -€102 | -29.4% |
| Recurring financial charges | 65 | €349 | €247 | -€102 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €57,745 | €53,971 | -€3,774 | -6.5% |
| Transfer from deferred taxes | 780 | €1,798 | €1,798 | = | 0.0% |
| Income taxes | 67/77 | €20,662 | €19,383 | -€1,279 | -6.2% |
| Profit (loss) for the period | 9904 | €38,881 | €36,386 | -€2,495 | -6.4% |
| Transfer from tax-exempt reserves | 789 | €5,394 | €5,394 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,275 | €41,780 | -€2,495 | -5.6% |
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.