A and D QUALITY CONSTRUCTIONS: 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.
A and D QUALITY CONSTRUCTIONS
Largest movements
- Receivables within one year -€51,700
down €51,700 (-85.7%), from €60,334 to €8,635
of which Trade receivables: -€55,153
- Stocks and contracts -€15,270
down €15,270 (-79.6%), from €19,179 to €3,909
- Tangible fixed assets -€10,733
down €10,733 (-13.2%), from €81,463 to €70,730
of which Plant, machinery and equipment: -€17,954
- Cash +€8,944
new in 2025: €8,944
mainly Receivables within one year (+€51,700) and Depreciation (+€18,759)
- Deferred charges and accrued income +€7,732
up €7,732 (+1,674%), from €462 to €8,194
- Short-term financial debts -€34,714
no longer reported in 2025 (was €34,714)
- Trade debts -€19,166
down €19,166 (-89.1%), from €21,522 to €2,356
- Current portion of long-term debt +€12,820
new in 2025: €12,820
- Debts after one year -€9,635
down €9,635 (-23.4%), from €41,182 to €31,548
- Profit (loss) carried forward -€3,020
down €3,020 (-119%), from -€2,534 to -€5,554
- Gross operating margin +€11,424
up €11,424 (+111%), from €10,298 to €21,722
- Financial charges -€2,171
down €2,171 (-33.7%), from €6,437 to €4,266
- Depreciation +€805
up €805 (+4.5%), from €17,954 to €18,759
- Other operating charges +€758
up €758 (+42.8%), from €1,770 to €2,528
- Financial income -€422
down €422 (-34.2%), from €1,233 to €812
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 | €161,488 | €104,638 | -€56,850 | -35.2% |
| Fixed assets | 21/28 | €81,512 | €70,779 | -€10,733 | -13.2% |
| Tangible fixed assets | 22/27 | €81,463 | €70,730 | -€10,733 | -13.2% |
| Plant, machinery and equipment | 23 | €81,463 | €63,509 | -€17,954 | -22.0% |
| Furniture and vehicles | 24 | - | €7,221 | +€7,221 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €79,975 | €33,859 | -€46,117 | -57.7% |
| Stocks and contracts in progress | 3 | €19,179 | €3,909 | -€15,270 | -79.6% |
| Stocks | 30/36 | €19,179 | €3,909 | -€15,270 | -79.6% |
| Amounts receivable within one year | 40/41 | €60,334 | €8,635 | -€51,700 | -85.7% |
| Trade receivables | 40 | €57,961 | €2,808 | -€55,153 | -95.2% |
| Other amounts receivable | 41 | €2,373 | €5,827 | +€3,454 | +146% |
| Current investments | 50/53 | - | €4,176 | +€4,176 | |
| Cash at bank and in hand | 54/58 | - | €8,944 | +€8,944 | |
| Deferred charges and accrued income | 490/1 | €462 | €8,194 | +€7,732 | +1,674% |
| Total equity and liabilities | 10/49 | €161,488 | €104,638 | -€56,850 | -35.2% |
| Equity | 10/15 | €49,332 | €46,312 | -€3,020 | -6.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €32,866 | €32,866 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €30,966 | €30,966 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,534 | -€5,554 | -€3,020 | -119% |
| Amounts payable | 17/49 | €112,156 | €58,326 | -€53,830 | -48.0% |
| Amounts payable after more than one year | 17 | €41,182 | €31,548 | -€9,635 | -23.4% |
| Financial debts | 170/4 | €41,182 | €31,548 | -€9,635 | -23.4% |
| Amounts payable within one year | 42/48 | €70,973 | €26,763 | -€44,211 | -62.3% |
| Current portion of amounts payable after more than one year | 42 | - | €12,820 | +€12,820 | |
| Financial debts | 43 | €34,714 | - | -€34,714 | |
| Credit institutions | 430/8 | €34,714 | - | -€34,714 | |
| Trade debts | 44 | €21,522 | €2,356 | -€19,166 | -89.1% |
| Suppliers | 440/4 | €21,522 | €2,356 | -€19,166 | -89.1% |
| Taxes, remuneration and social security | 45 | €3,794 | €904 | -€2,889 | -76.2% |
| Taxes | 450/3 | €1,094 | €904 | -€189 | -17.3% |
| Remuneration and social security | 454/9 | €2,700 | - | -€2,700 | |
| Other amounts payable | 47/48 | €10,945 | €10,682 | -€263 | -2.4% |
| Accrued charges and deferred income | 492/3 | - | €16 | +€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,954 | €18,759 | +€805 | +4.5% |
| Other operating charges | 640/8 | €1,770 | €2,528 | +€758 | +42.8% |
| Gross operating margin | 9900 | €10,298 | €21,722 | +€11,424 | +111% |
| Operating profit (loss) | 9901 | -€9,426 | €435 | +€9,861 | |
| Financial income | 75/76B | €1,233 | €812 | -€422 | -34.2% |
| Recurring financial income | 75 | €1,233 | €812 | -€422 | -34.2% |
| Financial charges | 65/66B | €6,437 | €4,266 | -€2,171 | -33.7% |
| Recurring financial charges | 65 | €6,437 | €4,266 | -€2,171 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,630 | -€3,020 | +€11,610 | +79.4% |
| Profit (loss) for the period | 9904 | -€14,630 | -€3,020 | +€11,610 | +79.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,630 | -€3,020 | +€11,610 | +79.4% |
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 20 October 2026 via checked.be.