ADRIVANO: 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.
ADRIVANO
Largest movements
- Current investments -€50,000
down €50,000 (-10.0%), from €500,000 to €450,000
- Cash -€32,902
down €32,902 (-18.8%), from €174,712 to €141,810
mainly Debts after one year (-€128,519) and Contributions, distributions and other (-€109,612)
- Receivables within one year +€26,606
up €26,606 (+5.4%), from €495,782 to €522,388
of which Trade receivables: +€26,988
- Debts after one year -€128,519
down €128,519 (-16.0%), from €804,202 to €675,682
- Accrued charges and deferred income +€22,304
new in 2025: €22,304
- Tax, wage and social debts +€22,138
up €22,138 (+301%), from €7,353 to €29,492
- Other debts +€21,502
up €21,502 (+21.3%), from €100,808 to €122,310
- Trade debts +€17,759
up €17,759 (+376%), from €4,720 to €22,479
- Gross operating margin +€16,360
up €16,360 (+9.9%), from €164,720 to €181,080
- Taxes +€3,625
up €3,625 (+8.7%), from €41,807 to €45,432
- Financial charges +€3,268
up €3,268 (+22.0%), from €14,825 to €18,093
- Other operating charges +€3,244
up €3,244 (+19.8%), from €16,386 to €19,631
- Financial income -€2,062
down €2,062 (-32.3%), from €6,387 to €4,325
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 | €1,567,511 | €1,510,367 | -€57,144 | -3.6% |
| Fixed assets | 21/28 | €396,233 | €395,275 | -€957 | -0.2% |
| Tangible fixed assets | 22/27 | €396,233 | €395,275 | -€957 | -0.2% |
| Land and buildings | 22 | €363,230 | €363,230 | = | 0.0% |
| Plant, machinery and equipment | 23 | €33,003 | €32,046 | -€957 | -2.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,171,278 | €1,115,092 | -€56,186 | -4.8% |
| Amounts receivable within one year | 40/41 | €495,782 | €522,388 | +€26,606 | +5.4% |
| Trade receivables | 40 | - | €26,988 | +€26,988 | |
| Other amounts receivable | 41 | €495,782 | €495,400 | -€382 | -0.1% |
| Current investments | 50/53 | €500,000 | €450,000 | -€50,000 | -10.0% |
| Cash at bank and in hand | 54/58 | €174,712 | €141,810 | -€32,902 | -18.8% |
| Deferred charges and accrued income | 490/1 | €785 | €894 | +€109 | +13.9% |
| Total equity and liabilities | 10/49 | €1,567,511 | €1,510,367 | -€57,144 | -3.6% |
| Equity | 10/15 | €523,617 | €508,752 | -€14,865 | -2.8% |
| Contributions | 10/11 | €76,863 | €76,863 | = | 0.0% |
| Capital | 10 | €76,863 | €76,863 | = | 0.0% |
| Issued capital | 100 | €76,863 | €76,863 | = | 0.0% |
| Reserves | 13 | €446,754 | €431,889 | -€14,865 | -3.3% |
| Non-distributable reserves | 130/1 | €7,686 | €7,686 | = | 0.0% |
| Legal reserve | 130 | €7,686 | €7,686 | = | 0.0% |
| Distributable reserves | 133 | €439,068 | €424,203 | -€14,865 | -3.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,043,895 | €1,001,615 | -€42,279 | -4.1% |
| Amounts payable after more than one year | 17 | €804,202 | €675,682 | -€128,519 | -16.0% |
| Financial debts | 170/4 | €804,202 | €675,682 | -€128,519 | -16.0% |
| Amounts payable within one year | 42/48 | €239,693 | €303,628 | +€63,936 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €125,662 | €128,519 | +€2,858 | +2.3% |
| Financial debts | 43 | €1,150 | €828 | -€322 | -28.0% |
| Credit institutions | 430/8 | €1,150 | €828 | -€322 | -28.0% |
| Trade debts | 44 | €4,720 | €22,479 | +€17,759 | +376% |
| Suppliers | 440/4 | €4,720 | €22,479 | +€17,759 | +376% |
| Taxes, remuneration and social security | 45 | €7,353 | €29,492 | +€22,138 | +301% |
| Taxes | 450/3 | €7,353 | €29,492 | +€22,138 | +301% |
| Other amounts payable | 47/48 | €100,808 | €122,310 | +€21,502 | +21.3% |
| Accrued charges and deferred income | 492/3 | - | €22,304 | +€22,304 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,064 | €7,502 | -€1,562 | -17.2% |
| Other operating charges | 640/8 | €16,386 | €19,631 | +€3,244 | +19.8% |
| Gross operating margin | 9900 | €164,720 | €181,080 | +€16,360 | +9.9% |
| Operating profit (loss) | 9901 | €139,270 | €153,947 | +€14,677 | +10.5% |
| Financial income | 75/76B | €6,387 | €4,325 | -€2,062 | -32.3% |
| Recurring financial income | 75 | €6,387 | €4,325 | -€2,062 | -32.3% |
| Financial charges | 65/66B | €14,825 | €18,093 | +€3,268 | +22.0% |
| Recurring financial charges | 65 | €14,825 | €18,093 | +€3,268 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €130,832 | €140,179 | +€9,347 | +7.1% |
| Income taxes | 67/77 | €41,807 | €45,432 | +€3,625 | +8.7% |
| Profit (loss) for the period | 9904 | €89,025 | €94,747 | +€5,722 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €89,025 | €94,747 | +€5,722 | +6.4% |
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 25 October 2026 via checked.be.