JO ADRIAENS: what changed
What changed
JO ADRIAENS
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€57,848
2024 · €45,597+€12,251
Equity
€573,445
2024 · €615,597-€42,152
Cash
€356,540
2024 · €441,121-€84,581
Balance sheet total
€752,592
2024 · €820,704-€68,112
Largest movements
Assets
- Cash -€84,581
down €84,581 (-19.2%), from €441,121 to €356,540
mainly Contributions, distributions and other (-€100,000) and Current investments (-€32,749)
- Current investments +€32,749
up €32,749 (+13.2%), from €247,501 to €280,250
- Tangible fixed assets -€23,077
down €23,077 (-19.4%), from €119,125 to €96,049
of which Furniture and vehicles: -€14,836
- Receivables within one year +€8,967
up €8,967 (+161%), from €5,582 to €14,549
of which Trade receivables: +€12,032
Equity and liabilities
- Profit (loss) carried forward -€40,281
down €40,281 (-6.7%), from €602,401 to €562,120
- Tax, wage and social debts -€25,839
down €25,839 (-64.1%), from €40,301 to €14,461
of which Taxes: -€27,787
- Other debts +€21,070
up €21,070 (+25.1%), from €84,047 to €105,117
- Debts after one year -€15,052
down €15,052 (-27.1%), from €55,504 to €40,452
Income statement
- Financial income +€26,295
up €26,295 (+433%), from €6,078 to €32,372
- Gross operating margin -€13,075
down €13,075 (-14.3%), from €91,350 to €78,276
- Other operating charges +€946
up €946 (+309%), from €306 to €1,252
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€45,597
Gross operating margin
-€13,075
Depreciation
-€63
Other operating charges
-€946
Financial income
+€26,295
Financial charges
-€427
Taxes
+€206
Deferred taxes and other
+€260
Result 2025
€57,848
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€70,122
Investment
-€37,144
Financing
-€117,559
Cash 2024
€441,121
From operations (derived)
+€70,122
Net result for the year
+€57,848
Depreciation
+€27,472
Receivables within one year
-€8,967
Deferred charges and accrued income
+€2,170
Provisions
-€624
Trade debts
-€2,567
Tax, wage and social debts
-€25,839
Other debts
+€21,070
Accrued charges and deferred income
-€441
Investment (derived)
-€37,144
Investment in fixed assets (net)
-€4,395
Current investments
-€32,749
Financing
-€117,559
Debts after one year
-€15,052
Current portion of long-term debt
-€2,507
Contributions, distributions and other
-€100,000
Cash 2025
€356,540
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €820,704 | €752,592 | -€68,112 | -8.3% |
| Fixed assets | 21/28 | €119,125 | €96,049 | -€23,077 | -19.4% |
| Tangible fixed assets | 22/27 | €119,125 | €96,049 | -€23,077 | -19.4% |
| Land and buildings | 22 | €87,028 | €78,894 | -€8,133 | -9.3% |
| Plant, machinery and equipment | 23 | €2,217 | €2,110 | -€107 | -4.8% |
| Furniture and vehicles | 24 | €29,880 | €15,044 | -€14,836 | -49.7% |
| Current assets | 29/58 | €701,579 | €656,544 | -€45,035 | -6.4% |
| Amounts receivable within one year | 40/41 | €5,582 | €14,549 | +€8,967 | +161% |
| Trade receivables | 40 | €1,885 | €13,917 | +€12,032 | +638% |
| Other amounts receivable | 41 | €3,697 | €632 | -€3,065 | -82.9% |
| Current investments | 50/53 | €247,501 | €280,250 | +€32,749 | +13.2% |
| Cash at bank and in hand | 54/58 | €441,121 | €356,540 | -€84,581 | -19.2% |
| Deferred charges and accrued income | 490/1 | €7,374 | €5,205 | -€2,170 | -29.4% |
| Total equity and liabilities | 10/49 | €820,704 | €752,592 | -€68,112 | -8.3% |
| Equity | 10/15 | €615,597 | €573,445 | -€42,152 | -6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,996 | €5,125 | -€1,871 | -26.7% |
| Tax-exempt reserves | 132 | €5,136 | €3,265 | -€1,871 | -36.4% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €602,401 | €562,120 | -€40,281 | -6.7% |
| Provisions and deferred taxes | 16 | €1,712 | €1,088 | -€624 | -36.4% |
| Deferred taxes | 168 | €1,712 | €1,088 | -€624 | -36.4% |
| Amounts payable | 17/49 | €203,395 | €178,059 | -€25,336 | -12.5% |
| Amounts payable after more than one year | 17 | €55,504 | €40,452 | -€15,052 | -27.1% |
| Financial debts | 170/4 | €55,504 | €40,452 | -€15,052 | -27.1% |
| Amounts payable within one year | 42/48 | €146,798 | €136,955 | -€9,843 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €17,681 | €15,174 | -€2,507 | -14.2% |
| Trade debts | 44 | €4,770 | €2,203 | -€2,567 | -53.8% |
| Suppliers | 440/4 | €4,770 | €2,203 | -€2,567 | -53.8% |
| Taxes, remuneration and social security | 45 | €40,301 | €14,461 | -€25,839 | -64.1% |
| Taxes | 450/3 | €37,468 | €9,682 | -€27,787 | -74.2% |
| Remuneration and social security | 454/9 | €2,832 | €4,780 | +€1,947 | +68.8% |
| Other amounts payable | 47/48 | €84,047 | €105,117 | +€21,070 | +25.1% |
| Accrued charges and deferred income | 492/3 | €1,092 | €651 | -€441 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,409 | €27,472 | +€63 | +0.2% |
| Other operating charges | 640/8 | €306 | €1,252 | +€946 | +309% |
| Gross operating margin | 9900 | €91,350 | €78,276 | -€13,075 | -14.3% |
| Operating profit (loss) | 9901 | €63,635 | €49,552 | -€14,083 | -22.1% |
| Financial income | 75/76B | €6,078 | €32,372 | +€26,295 | +433% |
| Recurring financial income | 75 | €6,078 | €32,372 | +€26,295 | +433% |
| Financial charges | 65/66B | €2,761 | €3,188 | +€427 | +15.5% |
| Recurring financial charges | 65 | €2,761 | €3,188 | +€427 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €66,952 | €78,736 | +€11,785 | +17.6% |
| Transfer from deferred taxes | 780 | €364 | €624 | +€260 | +71.5% |
| Income taxes | 67/77 | €21,719 | €21,512 | -€206 | -1.0% |
| Profit (loss) for the period | 9904 | €45,597 | €57,848 | +€12,251 | +26.9% |
| Transfer from tax-exempt reserves | 789 | €1,091 | €1,871 | +€780 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,688 | €59,719 | +€13,031 | +27.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.