ADRIMAR: 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.
ADRIMAR
Largest movements
- Stocks and contracts +€138,753
new in 2025: €138,753
- Tangible fixed assets -€54,131
down €54,131 (-7.8%), from €696,865 to €642,735
of which Land and buildings: -€33,869
- Other debts +€71,096
up €71,096 (+128%), from €55,577 to €126,673
- Debts after one year -€64,942
down €64,942 (-13.4%), from €484,628 to €419,686
- Trade debts +€58,935
up €58,935 (+167%), from €35,353 to €94,288
- Reserves +€27,943
up €27,943 (+12.4%), from €225,560 to €253,503
- Tax, wage and social debts -€15,527
down €15,527 (-65.2%), from €23,821 to €8,294
of which Taxes: -€15,527
- Gross operating margin +€64,660
up €64,660 (+45.4%), from €142,489 to €207,149
- Other operating charges +€4,667
up €4,667 (+33.9%), from €13,786 to €18,453
- Financial charges -€2,997
down €2,997 (-14.5%), from €20,606 to €17,609
- Depreciation +€2,257
up €2,257 (+3.6%), from €63,032 to €65,289
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 | €919,744 | €996,730 | +€76,985 | +8.4% |
| Fixed assets | 21/28 | €697,054 | €642,923 | -€54,131 | -7.8% |
| Tangible fixed assets | 22/27 | €696,865 | €642,735 | -€54,131 | -7.8% |
| Land and buildings | 22 | €487,437 | €453,568 | -€33,869 | -6.9% |
| Plant, machinery and equipment | 23 | €149,431 | €137,832 | -€11,599 | -7.8% |
| Furniture and vehicles | 24 | €59,998 | €51,335 | -€8,663 | -14.4% |
| Financial fixed assets | 28 | €188 | €188 | = | 0.0% |
| Current assets | 29/58 | €222,691 | €353,807 | +€131,116 | +58.9% |
| Stocks and contracts in progress | 3 | - | €138,753 | +€138,753 | |
| Stocks | 30/36 | - | €138,753 | +€138,753 | |
| Amounts receivable within one year | 40/41 | €163,005 | €158,141 | -€4,864 | -3.0% |
| Trade receivables | 40 | €24,417 | €18,438 | -€5,979 | -24.5% |
| Other amounts receivable | 41 | €138,587 | €139,703 | +€1,115 | +0.8% |
| Cash at bank and in hand | 54/58 | €53,566 | €50,529 | -€3,037 | -5.7% |
| Deferred charges and accrued income | 490/1 | €6,120 | €6,384 | +€264 | +4.3% |
| Total equity and liabilities | 10/49 | €919,744 | €996,730 | +€76,985 | +8.4% |
| Equity | 10/15 | €244,160 | €272,103 | +€27,943 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €225,560 | €253,503 | +€27,943 | +12.4% |
| Distributable reserves | 133 | €225,560 | €253,503 | +€27,943 | +12.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €675,585 | €724,627 | +€49,042 | +7.3% |
| Amounts payable after more than one year | 17 | €484,628 | €419,686 | -€64,942 | -13.4% |
| Financial debts | 170/4 | €484,628 | €419,686 | -€64,942 | -13.4% |
| Amounts payable within one year | 42/48 | €185,726 | €300,380 | +€114,654 | +61.7% |
| Current portion of amounts payable after more than one year | 42 | €65,992 | €67,752 | +€1,759 | +2.7% |
| Financial debts | 43 | €4,982 | €3,373 | -€1,609 | -32.3% |
| Credit institutions | 430/8 | €4,982 | €3,373 | -€1,609 | -32.3% |
| Trade debts | 44 | €35,353 | €94,288 | +€58,935 | +167% |
| Suppliers | 440/4 | €35,353 | €94,288 | +€58,935 | +167% |
| Taxes, remuneration and social security | 45 | €23,821 | €8,294 | -€15,527 | -65.2% |
| Taxes | 450/3 | €23,821 | €8,294 | -€15,527 | -65.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €55,577 | €126,673 | +€71,096 | +128% |
| Accrued charges and deferred income | 492/3 | €5,231 | €4,562 | -€669 | -12.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,032 | €65,289 | +€2,257 | +3.6% |
| Other operating charges | 640/8 | €13,786 | €18,453 | +€4,667 | +33.9% |
| Non-recurring operating charges | 66A | €10,691 | €536 | -€10,155 | -95.0% |
| Gross operating margin | 9900 | €142,489 | €207,149 | +€64,660 | +45.4% |
| Operating profit (loss) | 9901 | €54,980 | €122,871 | +€67,891 | +123% |
| Financial income | 75/76B | €5,046 | €5,711 | +€665 | +13.2% |
| Recurring financial income | 75 | €5,046 | €5,711 | +€665 | +13.2% |
| Financial charges | 65/66B | €20,606 | €17,609 | -€2,997 | -14.5% |
| Recurring financial charges | 65 | €20,606 | €17,609 | -€2,997 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €39,420 | €110,973 | +€71,554 | +182% |
| Income taxes | 67/77 | €11,925 | €13,364 | +€1,440 | +12.1% |
| Profit (loss) for the period | 9904 | €27,495 | €97,609 | +€70,114 | +255% |
| Profit (loss) for the period to be appropriated | 9905 | €27,495 | €97,609 | +€70,114 | +255% |
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 23 October 2026 via checked.be.