ADRY&DEN: what changed
Two fiscal 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.
ADRY&DEN
Largest movements
- Cash +€9,373
up €9,373 (+167.1%), from €5,610 to €14,982
mainly Net result for the year (+€19,763) and Tax, wage and social debts (+€6,964)
- Receivables within one year +€8,451
up €8,451 (+76.3%), from €11,084 to €19,535
of which Other amounts receivable: +€18,194
- Tangible fixed assets +€1,884
up €1,884 (+222.1%), from €848 to €2,733
- Profit (loss) carried forward +€19,763
up €19,763 (+250.3%), from €7,896 to €27,659
- Tax, wage and social debts +€6,964
up €6,964 (+281.3%), from €2,476 to €9,440
- Other debts -€4,391
no longer reported in 2025 (was €4,391)
- Trade debts -€2,627
down €2,627 (-94.6%), from €2,779 to €151
- Gross operating margin +€18,821
up €18,821 (+172.0%), from €10,941 to €29,761
- Taxes +€4,488
up €4,488 (+181.3%), from €2,476 to €6,964
- Financial charges +€1,640
up €1,640 (+338.0%), from €485 to €2,126
- Depreciation +€801
up €801 (+3894.7%), from €21 to €822
- Other operating charges +€321
up €321 (+509.0%), from €63 to €384
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.
Cash bridge derived
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 | €17,541 | €37,250 | +€19,709 | +112.4% |
| Fixed assets | 21/28 | €848 | €2,733 | +€1,884 | +222.1% |
| Tangible fixed assets | 22/27 | €848 | €2,733 | +€1,884 | +222.1% |
| Furniture and vehicles | 24 | €848 | €2,733 | +€1,884 | +222.1% |
| Current assets | 29/58 | €16,693 | €34,517 | +€17,824 | +106.8% |
| Amounts receivable within one year | 40/41 | €11,084 | €19,535 | +€8,451 | +76.3% |
| Trade receivables | 40 | €9,743 | - | -€9,743 | |
| Other amounts receivable | 41 | €1,341 | €19,535 | +€18,194 | +1356.9% |
| Cash at bank and in hand | 54/58 | €5,610 | €14,982 | +€9,373 | +167.1% |
| Total equity and liabilities | 10/49 | €17,541 | €37,250 | +€19,709 | +112.4% |
| Equity | 10/15 | €7,896 | €27,659 | +€19,763 | +250.3% |
| Profit (loss) carried forward | 14 | €7,896 | €27,659 | +€19,763 | +250.3% |
| Amounts payable | 17/49 | €9,645 | €9,591 | -€54 | -0.6% |
| Amounts payable within one year | 42/48 | €9,645 | €9,591 | -€54 | -0.6% |
| Trade debts | 44 | €2,779 | €151 | -€2,627 | -94.6% |
| Suppliers | 440/4 | €2,779 | €151 | -€2,627 | -94.6% |
| Taxes, remuneration and social security | 45 | €2,476 | €9,440 | +€6,964 | +281.3% |
| Taxes | 450/3 | €2,476 | €9,440 | +€6,964 | +281.3% |
| Other amounts payable | 47/48 | €4,391 | - | -€4,391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21 | €822 | +€801 | +3894.7% |
| Other operating charges | 640/8 | €63 | €384 | +€321 | +509.0% |
| Gross operating margin | 9900 | €10,941 | €29,761 | +€18,821 | +172.0% |
| Operating profit (loss) | 9901 | €10,857 | €28,555 | +€17,698 | +163.0% |
| Financial income | 75/76B | €0 | €297 | +€297 | +742400.0% |
| Recurring financial income | 75 | €0 | €297 | +€297 | +742400.0% |
| Financial charges | 65/66B | €485 | €2,126 | +€1,640 | +338.0% |
| Recurring financial charges | 65 | €485 | €2,126 | +€1,640 | +338.0% |
| Profit (loss) for the period before taxes | 9903 | €10,372 | €26,727 | +€16,355 | +157.7% |
| Income taxes | 67/77 | €2,476 | €6,964 | +€4,488 | +181.3% |
| Profit (loss) for the period | 9904 | €7,896 | €19,763 | +€11,867 | +150.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,896 | €19,763 | +€11,867 | +150.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.