Financière des Adrays: 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.
Financière des Adrays
Largest movements
- Receivables within one year +€50,028
up €50,028 (+2085.6%), from €2,399 to €52,427
- Profit (loss) carried forward +€159,796
up €159,796 (+12.5%), from €1.3m to €1.4m
- Current portion of long-term debt -€121,950
down €121,950 (-87.6%), from €139,285 to €17,334
- Other debts +€47,400
new in 2025: €47,400
- Short-term financial debts -€40,767
down €40,767 (-10.2%), from €398,262 to €357,495
- Gross operating margin -€96,523
down €96,523 (-3145.8%), from -€3,068 to -€99,591
- Financial income +€48,273
up €48,273 (+21.6%), from €223,801 to €272,074
- Financial charges -€11,637
down €11,637 (-49.9%), from €23,311 to €11,674
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 | €2,555,539 | €2,583,622 | +€28,084 | +1.1% |
| Fixed assets | 21/28 | €2,520,909 | €2,520,909 | = | 0.0% |
| Financial fixed assets | 28 | €2,520,909 | €2,520,909 | = | 0.0% |
| Current assets | 29/58 | €34,630 | €62,714 | +€28,084 | +81.1% |
| Amounts receivable within one year | 40/41 | €2,399 | €52,427 | +€50,028 | +2085.6% |
| Other amounts receivable | 41 | €2,399 | €52,427 | +€50,028 | +2085.6% |
| Cash at bank and in hand | 54/58 | €32,231 | €10,287 | -€21,945 | -68.1% |
| Total equity and liabilities | 10/49 | €2,555,539 | €2,583,622 | +€28,084 | +1.1% |
| Equity | 10/15 | €2,000,584 | €2,160,380 | +€159,796 | +8.0% |
| Contributions | 10/11 | €720,000 | €720,000 | = | 0.0% |
| Capital | 10 | €720,000 | €720,000 | = | 0.0% |
| Issued capital | 100 | €720,000 | €720,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,280,584 | €1,440,380 | +€159,796 | +12.5% |
| Amounts payable | 17/49 | €554,955 | €423,242 | -€131,713 | -23.7% |
| Amounts payable after more than one year | 17 | €17,334 | - | -€17,334 | |
| Financial debts | 170/4 | €17,334 | - | -€17,334 | |
| Amounts payable within one year | 42/48 | €537,621 | €423,242 | -€114,378 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €139,285 | €17,334 | -€121,950 | -87.6% |
| Financial debts | 43 | €398,262 | €357,495 | -€40,767 | -10.2% |
| Other loans | 439 | €398,262 | €357,495 | -€40,767 | -10.2% |
| Trade debts | 44 | €74 | €1,013 | +€938 | +1261.8% |
| Suppliers | 440/4 | €74 | €1,013 | +€938 | +1261.8% |
| Other amounts payable | 47/48 | - | €47,400 | +€47,400 | |
| Other operating charges | 640/8 | €968 | €1,013 | +€45 | +4.7% |
| Non-recurring operating charges | 66A | €19,001 | - | -€19,001 | |
| Gross operating margin | 9900 | -€3,068 | -€99,591 | -€96,523 | -3145.8% |
| Operating profit (loss) | 9901 | -€23,036 | -€100,604 | -€77,567 | -336.7% |
| Financial income | 75/76B | €223,801 | €272,074 | +€48,273 | +21.6% |
| Recurring financial income | 75 | €223,801 | €272,074 | +€48,273 | +21.6% |
| Financial charges | 65/66B | €23,311 | €11,674 | -€11,637 | -49.9% |
| Recurring financial charges | 65 | €23,311 | €11,674 | -€11,637 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €177,454 | €159,796 | -€17,658 | -10.0% |
| Profit (loss) for the period | 9904 | €177,454 | €159,796 | -€17,658 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €177,454 | €159,796 | -€17,658 | -10.0% |
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 12 October 2026 via checked.be.