ADRO BEHEER: 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.
ADRO BEHEER
Largest movements
- Receivables within one year +€385,439
up €385,439 (+99.3%), from €388,006 to €773,445
- Reserves +€455,117
up €455,117 (+109%), from €415,720 to €870,837
of which Distributable reserves: +€455,117
- Debts after one year -€125,000
down €125,000 (-9.4%), from €1.3m to €1.2m
of which Financial debts: -€125,000
- Financial income +€85,097
up €85,097 (+18.9%), from €449,342 to €534,439
- Taxes +€9,259
up €9,259 (+25.5%), from €36,252 to €45,512
- Financial charges -€7,601
down €7,601 (-19.6%), from €38,708 to €31,107
- Other operating charges -€372
down €372 (-44.6%), from €834 to €462
- Gross operating margin +€246
up €246 (+9.9%), from -€2,487 to -€2,242
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 | €6,801,668 | €7,138,128 | +€336,460 | +4.9% |
| Fixed assets | 21/28 | €6,356,245 | €6,356,245 | = | 0.0% |
| Financial fixed assets | 28 | €6,356,245 | €6,356,245 | = | 0.0% |
| Current assets | 29/58 | €445,423 | €781,883 | +€336,460 | +75.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €388,006 | €773,445 | +€385,439 | +99.3% |
| Other amounts receivable | 41 | €388,006 | €773,445 | +€385,439 | +99.3% |
| Cash at bank and in hand | 54/58 | €57,418 | €8,438 | -€48,979 | -85.3% |
| Total equity and liabilities | 10/49 | €6,801,668 | €7,138,128 | +€336,460 | +4.9% |
| Equity | 10/15 | €5,405,737 | €5,860,855 | +€455,117 | +8.4% |
| Contributions | 10/11 | €446,590 | €446,590 | = | 0.0% |
| Reserves | 13 | €415,720 | €870,837 | +€455,117 | +109% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €415,720 | €870,837 | +€455,117 | +109% |
| Profit (loss) carried forward | 14 | €4,543,428 | €4,543,428 | = | 0.0% |
| Amounts payable | 17/49 | €1,395,931 | €1,277,273 | -€118,658 | -8.5% |
| Amounts payable after more than one year | 17 | €1,325,000 | €1,200,000 | -€125,000 | -9.4% |
| Financial debts | 170/4 | €1,325,000 | €1,200,000 | -€125,000 | -9.4% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €70,931 | €77,273 | +€6,342 | +8.9% |
| Trade debts | 44 | €700 | €700 | = | 0.0% |
| Suppliers | 440/4 | €700 | €700 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €37,106 | €45,512 | +€8,406 | +22.7% |
| Taxes | 450/3 | €37,106 | €45,512 | +€8,406 | +22.7% |
| Other amounts payable | 47/48 | €33,125 | €31,062 | -€2,063 | -6.2% |
| Other operating charges | 640/8 | €834 | €462 | -€372 | -44.6% |
| Gross operating margin | 9900 | -€2,487 | -€2,242 | +€246 | +9.9% |
| Operating profit (loss) | 9901 | -€3,321 | -€2,703 | +€618 | +18.6% |
| Financial income | 75/76B | €449,342 | €534,439 | +€85,097 | +18.9% |
| Recurring financial income | 75 | €449,342 | €534,439 | +€85,097 | +18.9% |
| Financial charges | 65/66B | €38,708 | €31,107 | -€7,601 | -19.6% |
| Recurring financial charges | 65 | €38,708 | €31,107 | -€7,601 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €407,313 | €500,629 | +€93,316 | +22.9% |
| Income taxes | 67/77 | €36,252 | €45,512 | +€9,259 | +25.5% |
| Profit (loss) for the period | 9904 | €371,061 | €455,117 | +€84,057 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €371,061 | €455,117 | +€84,057 | +22.7% |
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.