ADRIST: 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.
ADRIST
Largest movements
- Cash -€22,556
down €22,556 (-70.7%), from €31,888 to €9,332
mainly Net result for the year (-€47,367) and Debts after one year (-€15,625)
- Tangible fixed assets -€17,712
down €17,712 (-26.5%), from €66,961 to €49,249
of which Furniture and vehicles: -€15,738
- Receivables within one year -€11,291
down €11,291 (-80.4%), from €14,048 to €2,758
of which Trade receivables: -€11,640
- Deferred charges and accrued income +€6,149
up €6,149 (+318%), from €1,933 to €8,082
- Profit (loss) carried forward -€47,367
new in 2025: -€47,367
- Other debts +€17,194
up €17,194 (+35.2%), from €48,857 to €66,050
- Debts after one year -€15,625
down €15,625 (-36.4%), from €42,921 to €27,296
- Gross operating margin -€53,229
down €53,229, from €26,811 to -€26,417
- Taxes -€2,350
down €2,350 (-90.6%), from €2,592 to €242
- Financial charges -€525
down €525 (-21.3%), from €2,470 to €1,945
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 | €129,831 | €84,420 | -€45,410 | -35.0% |
| Fixed assets | 21/28 | €81,961 | €64,249 | -€17,712 | -21.6% |
| Tangible fixed assets | 22/27 | €66,961 | €49,249 | -€17,712 | -26.5% |
| Plant, machinery and equipment | 23 | €5,163 | €3,401 | -€1,762 | -34.1% |
| Furniture and vehicles | 24 | €58,237 | €42,499 | -€15,738 | -27.0% |
| Other tangible fixed assets | 26 | €3,561 | €3,349 | -€213 | -6.0% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €47,869 | €20,171 | -€27,698 | -57.9% |
| Amounts receivable within one year | 40/41 | €14,048 | €2,758 | -€11,291 | -80.4% |
| Trade receivables | 40 | €11,640 | - | -€11,640 | |
| Other amounts receivable | 41 | €2,408 | €2,758 | +€350 | +14.5% |
| Cash at bank and in hand | 54/58 | €31,888 | €9,332 | -€22,556 | -70.7% |
| Deferred charges and accrued income | 490/1 | €1,933 | €8,082 | +€6,149 | +318% |
| Total equity and liabilities | 10/49 | €129,831 | €84,420 | -€45,410 | -35.0% |
| Equity | 10/15 | €21,598 | -€25,770 | -€47,367 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €3,048 | €3,048 | = | 0.0% |
| Distributable reserves | 133 | €3,048 | €3,048 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€47,367 | -€47,367 | |
| Amounts payable | 17/49 | €108,233 | €110,190 | +€1,957 | +1.8% |
| Amounts payable after more than one year | 17 | €42,921 | €27,296 | -€15,625 | -36.4% |
| Financial debts | 170/4 | €42,921 | €27,296 | -€15,625 | -36.4% |
| Amounts payable within one year | 42/48 | €64,455 | €82,894 | +€18,439 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €15,084 | €15,625 | +€541 | +3.6% |
| Trade debts | 44 | €514 | €1,218 | +€704 | +137% |
| Suppliers | 440/4 | €514 | €1,218 | +€704 | +137% |
| Other amounts payable | 47/48 | €48,857 | €66,050 | +€17,194 | +35.2% |
| Accrued charges and deferred income | 492/3 | €856 | - | -€856 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,053 | €18,181 | +€128 | +0.7% |
| Other operating charges | 640/8 | €648 | €669 | +€21 | +3.2% |
| Gross operating margin | 9900 | €26,811 | -€26,417 | -€53,229 | |
| Operating profit (loss) | 9901 | €8,110 | -€45,267 | -€53,377 | |
| Financial income | 75/76B | €0 | €87 | +€87 | +173,700% |
| Recurring financial income | 75 | €0 | €87 | +€87 | +173,700% |
| Financial charges | 65/66B | €2,470 | €1,945 | -€525 | -21.3% |
| Recurring financial charges | 65 | €2,470 | €1,945 | -€525 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €5,640 | -€47,125 | -€52,765 | |
| Income taxes | 67/77 | €2,592 | €242 | -€2,350 | -90.6% |
| Profit (loss) for the period | 9904 | €3,048 | -€47,367 | -€50,415 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,048 | -€47,367 | -€50,415 |
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 28 October 2026 via checked.be.