ADRINVEST: 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.
ADRINVEST
Largest movements
- Cash +€36,723
up €36,723 (+659%), from €5,571 to €42,294
mainly Other debts (+€17,172) and Net result for the year (+€13,408)
- Receivables within one year -€8,021
down €8,021 (-70.6%), from €11,361 to €3,340
of which Other amounts receivable: -€7,769
- Deferred charges and accrued income +€1,684
up €1,684 (+322%), from €522 to €2,206
- Tangible fixed assets +€1,201
up €1,201, from €0 to €1,201
of which Furniture and vehicles: +€1,201
- Other debts +€17,172
up €17,172 (+68.8%), from €24,966 to €42,138
- Profit (loss) carried forward +€13,408
up €13,408 (+46.2%), from -€29,028 to -€15,619
- Accrued charges and deferred income +€783
new in 2025: €783
- Gross operating margin +€53,497
up €53,497, from -€36,370 to €17,127
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 | €17,454 | €49,041 | +€31,587 | +181% |
| Fixed assets | 21/28 | €0 | €1,201 | +€1,201 | |
| Tangible fixed assets | 22/27 | €0 | €1,201 | +€1,201 | |
| Furniture and vehicles | 24 | - | €1,201 | +€1,201 | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €17,454 | €47,839 | +€30,385 | +174% |
| Amounts receivable within one year | 40/41 | €11,361 | €3,340 | -€8,021 | -70.6% |
| Trade receivables | 40 | €1,844 | €1,592 | -€252 | -13.7% |
| Other amounts receivable | 41 | €9,517 | €1,748 | -€7,769 | -81.6% |
| Cash at bank and in hand | 54/58 | €5,571 | €42,294 | +€36,723 | +659% |
| Deferred charges and accrued income | 490/1 | €522 | €2,206 | +€1,684 | +322% |
| Total equity and liabilities | 10/49 | €17,454 | €49,041 | +€31,587 | +181% |
| Equity | 10/15 | -€8,866 | €4,543 | +€13,408 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,162 | €17,162 | = | 0.0% |
| Distributable reserves | 133 | €17,162 | €17,162 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,028 | -€15,619 | +€13,408 | +46.2% |
| Amounts payable | 17/49 | €26,319 | €44,498 | +€18,179 | +69.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €26,319 | €43,715 | +€17,396 | +66.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €84 | +€84 | |
| Credit institutions | 430/8 | - | €84 | +€84 | |
| Trade debts | 44 | €908 | €1,017 | +€110 | +12.1% |
| Suppliers | 440/4 | €908 | €1,017 | +€110 | +12.1% |
| Taxes, remuneration and social security | 45 | €446 | €476 | +€30 | +6.7% |
| Taxes | 450/3 | €446 | €476 | +€30 | +6.7% |
| Other amounts payable | 47/48 | €24,966 | €42,138 | +€17,172 | +68.8% |
| Accrued charges and deferred income | 492/3 | - | €783 | +€783 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €337 | +€337 | |
| Other operating charges | 640/8 | €1,158 | €1,495 | +€337 | +29.1% |
| Gross operating margin | 9900 | -€36,370 | €17,127 | +€53,497 | |
| Operating profit (loss) | 9901 | -€37,528 | €15,295 | +€52,823 | |
| Financial charges | 65/66B | €1,754 | €1,411 | -€343 | -19.6% |
| Recurring financial charges | 65 | €1,754 | €1,411 | -€343 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€39,282 | €13,884 | +€53,166 | |
| Income taxes | 67/77 | €446 | €476 | +€30 | +6.7% |
| Profit (loss) for the period | 9904 | -€39,728 | €13,408 | +€53,136 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,728 | €13,408 | +€53,136 |
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 16 October 2026 via checked.be.