ADRYAN: 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.
ADRYAN
Largest movements
- Current investments +€147,980
new in 2025: €147,980
- Cash -€70,344
down €70,344 (-93.1%), from €75,561 to €5,217
mainly Current investments (-€147,980) and Deferred charges and accrued income (-€41)
- Receivables within one year -€11,611
down €11,611 (-15.4%), from €75,441 to €63,830
of which Trade receivables: -€13,704
- Profit (loss) carried forward +€59,446
up €59,446 (+73.7%), from €80,644 to €140,091
- Tax, wage and social debts +€4,001
up €4,001 (+9.8%), from €41,002 to €45,002
- Gross operating margin -€26,018
down €26,018 (-25.0%), from €104,191 to €78,173
- Taxes -€5,046
down €5,046 (-23.1%), from €21,825 to €16,779
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 | €157,099 | €221,563 | +€64,464 | +41.0% |
| Fixed assets | 21/28 | €4,987 | €3,385 | -€1,602 | -32.1% |
| Tangible fixed assets | 22/27 | €4,987 | €3,385 | -€1,602 | -32.1% |
| Land and buildings | 22 | €2,345 | €2,166 | -€179 | -7.6% |
| Plant, machinery and equipment | 23 | €1,354 | €723 | -€631 | -46.6% |
| Furniture and vehicles | 24 | €1,288 | €496 | -€791 | -61.4% |
| Current assets | 29/58 | €152,112 | €218,178 | +€66,066 | +43.4% |
| Amounts receivable within one year | 40/41 | €75,441 | €63,830 | -€11,611 | -15.4% |
| Trade receivables | 40 | €75,324 | €61,620 | -€13,704 | -18.2% |
| Other amounts receivable | 41 | €117 | €2,210 | +€2,093 | +1791.4% |
| Current investments | 50/53 | - | €147,980 | +€147,980 | |
| Cash at bank and in hand | 54/58 | €75,561 | €5,217 | -€70,344 | -93.1% |
| Deferred charges and accrued income | 490/1 | €1,111 | €1,152 | +€41 | +3.7% |
| Total equity and liabilities | 10/49 | €157,099 | €221,563 | +€64,464 | +41.0% |
| Equity | 10/15 | €114,741 | €174,187 | +€59,446 | +51.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €31,597 | €31,597 | = | 0.0% |
| Distributable reserves | 133 | €31,597 | €31,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,644 | €140,091 | +€59,446 | +73.7% |
| Amounts payable | 17/49 | €42,358 | €47,375 | +€5,018 | +11.8% |
| Amounts payable within one year | 42/48 | €42,358 | €47,375 | +€5,018 | +11.8% |
| Trade debts | 44 | €1,356 | €2,373 | +€1,017 | +75.0% |
| Suppliers | 440/4 | €1,356 | €2,373 | +€1,017 | +75.0% |
| Taxes, remuneration and social security | 45 | €41,002 | €45,002 | +€4,001 | +9.8% |
| Taxes | 450/3 | €41,002 | €45,002 | +€4,001 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,290 | €1,602 | +€312 | +24.1% |
| Other operating charges | 640/8 | €333 | €330 | -€3 | -0.8% |
| Gross operating margin | 9900 | €104,191 | €78,173 | -€26,018 | -25.0% |
| Operating profit (loss) | 9901 | €102,568 | €76,242 | -€26,327 | -25.7% |
| Financial income | 75/76B | €6 | €62 | +€56 | +932.7% |
| Recurring financial income | 75 | €6 | €62 | +€56 | +932.7% |
| Financial charges | 65/66B | €105 | €78 | -€27 | -25.5% |
| Recurring financial charges | 65 | €105 | €78 | -€27 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €102,469 | €76,225 | -€26,244 | -25.6% |
| Income taxes | 67/77 | €21,825 | €16,779 | -€5,046 | -23.1% |
| Profit (loss) for the period | 9904 | €80,644 | €59,446 | -€21,198 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,644 | €59,446 | -€21,198 | -26.3% |
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 10 October 2026 via checked.be.