MOERS ADRIEN: 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.
MOERS ADRIEN
Largest movements
- Tangible fixed assets -€71,737
down €71,737 (-9.2%), from €778,082 to €706,344
of which Land and buildings: -€72,229
- Cash +€60,084
up €60,084 (+168%), from €35,823 to €95,907
mainly Receivables within one year (+€44,031) and Depreciation (+€40,213)
- Receivables within one year -€44,031
down €44,031 (-77.1%), from €57,085 to €13,054
of which Trade receivables: -€34,345
- Debts after one year -€55,286
down €55,286 (-10.2%), from €542,401 to €487,115
- Other debts +€14,356
up €14,356 (+10.2%), from €141,082 to €155,438
- Trade debts -€11,888
down €11,888 (-66.4%), from €17,902 to €6,014
- Reserves -€9,801
down €9,801 (-7.3%), from €134,675 to €124,874
- Gross operating margin +€8,005
up €8,005 (+8.3%), from €96,913 to €104,918
- Depreciation +€3,393
up €3,393 (+9.2%), from €36,819 to €40,213
- Taxes +€2,408
up €2,408 (+23.9%), from €10,060 to €12,468
- Financial charges -€1,192
down €1,192 (-4.8%), from €24,749 to €23,557
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 | €910,798 | €854,673 | -€56,125 | -6.2% |
| Fixed assets | 21/28 | €813,082 | €741,344 | -€71,737 | -8.8% |
| Tangible fixed assets | 22/27 | €778,082 | €706,344 | -€71,737 | -9.2% |
| Land and buildings | 22 | €543,050 | €470,821 | -€72,229 | -13.3% |
| Plant, machinery and equipment | 23 | €228,332 | €229,218 | +€886 | +0.4% |
| Furniture and vehicles | 24 | €6,699 | €6,306 | -€393 | -5.9% |
| Financial fixed assets | 28 | €35,000 | €35,000 | = | 0.0% |
| Current assets | 29/58 | €97,716 | €113,328 | +€15,612 | +16.0% |
| Amounts receivable within one year | 40/41 | €57,085 | €13,054 | -€44,031 | -77.1% |
| Trade receivables | 40 | €39,545 | €5,200 | -€34,345 | -86.9% |
| Other amounts receivable | 41 | €17,540 | €7,854 | -€9,686 | -55.2% |
| Cash at bank and in hand | 54/58 | €35,823 | €95,907 | +€60,084 | +168% |
| Deferred charges and accrued income | 490/1 | €4,808 | €4,368 | -€441 | -9.2% |
| Total equity and liabilities | 10/49 | €910,798 | €854,673 | -€56,125 | -6.2% |
| Equity | 10/15 | €140,875 | €131,074 | -€9,801 | -7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €134,675 | €124,874 | -€9,801 | -7.3% |
| Distributable reserves | 133 | €134,675 | €124,874 | -€9,801 | -7.3% |
| Amounts payable | 17/49 | €769,922 | €723,599 | -€46,324 | -6.0% |
| Amounts payable after more than one year | 17 | €542,401 | €487,115 | -€55,286 | -10.2% |
| Financial debts | 170/4 | €542,401 | €487,115 | -€55,286 | -10.2% |
| Amounts payable within one year | 42/48 | €226,573 | €233,634 | +€7,061 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €54,795 | €55,286 | +€491 | +0.9% |
| Trade debts | 44 | €17,902 | €6,014 | -€11,888 | -66.4% |
| Suppliers | 440/4 | €17,902 | €6,014 | -€11,888 | -66.4% |
| Taxes, remuneration and social security | 45 | €12,794 | €16,896 | +€4,102 | +32.1% |
| Taxes | 450/3 | €10,469 | €14,571 | +€4,102 | +39.2% |
| Remuneration and social security | 454/9 | €2,325 | €2,325 | = | 0.0% |
| Other amounts payable | 47/48 | €141,082 | €155,438 | +€14,356 | +10.2% |
| Accrued charges and deferred income | 492/3 | €948 | €2,850 | +€1,901 | +200% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,819 | €40,213 | +€3,393 | +9.2% |
| Other operating charges | 640/8 | €3,545 | €3,245 | -€300 | -8.5% |
| Non-recurring operating charges | 66A | €929 | €1,002 | +€73 | +7.9% |
| Gross operating margin | 9900 | €96,913 | €104,918 | +€8,005 | +8.3% |
| Operating profit (loss) | 9901 | €55,620 | €60,458 | +€4,838 | +8.7% |
| Financial income | 75/76B | - | €125 | +€125 | |
| Recurring financial income | 75 | - | €125 | +€125 | |
| Financial charges | 65/66B | €24,749 | €23,557 | -€1,192 | -4.8% |
| Recurring financial charges | 65 | €24,749 | €23,557 | -€1,192 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €30,871 | €37,026 | +€6,155 | +19.9% |
| Income taxes | 67/77 | €10,060 | €12,468 | +€2,408 | +23.9% |
| Profit (loss) for the period | 9904 | €20,811 | €24,558 | +€3,747 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,811 | €24,558 | +€3,747 | +18.0% |
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 16 October 2026 via checked.be.