A D M: what changed
Two fiscal 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 D M
Largest movements
- Cash -€4,812
down €4,812 (-60.8%), from €7,911 to €3,099
mainly Stocks and contracts (-€4,788) and Short-term financial debts (-€4,000)
- Stocks and contracts +€4,788
up €4,788 (+9.0%), from €53,231 to €58,019
- Receivables within one year +€2,751
up €2,751 (+98.5%), from €2,794 to €5,545
of which Trade receivables: +€2,684
- Tangible fixed assets -€2,029
down €2,029 (-20.9%), from €9,712 to €7,683
of which Furniture and vehicles: -€2,336
- Profit (loss) carried forward +€5,449
up €5,449 (+6.8%), from -€79,809 to -€74,360
- Short-term financial debts -€4,000
down €4,000 (-6.0%), from €67,004 to €63,004
- Trade debts -€1,828
down €1,828 (-77.5%), from €2,358 to €530
- Other debts +€1,047
up €1,047 (+22.9%), from €4,581 to €5,628
- Turnover +€23,806
up €23,806 (+33.6%), from €70,932 to €94,738
- Gross operating margin +€16,432
up €16,432, from -€490 to €15,942
- Purchases and services +€7,373
up €7,373 (+10.3%), from €71,422 to €78,795
- Depreciation -€2,283
down €2,283 (-36.2%), from €6,312 to €4,029
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,923 | €75,258 | +€335 | +0.4% |
| Fixed assets | 21/28 | €9,712 | €7,683 | -€2,029 | -20.9% |
| Tangible fixed assets | 22/27 | €9,712 | €7,683 | -€2,029 | -20.9% |
| Plant, machinery and equipment | 23 | - | €1,421 | +€1,421 | |
| Furniture and vehicles | 24 | €2,336 | - | -€2,336 | |
| Other tangible fixed assets | 26 | €7,376 | €6,262 | -€1,114 | -15.1% |
| Current assets | 29/58 | €65,211 | €67,575 | +€2,364 | +3.6% |
| Stocks and contracts in progress | 3 | €53,231 | €58,019 | +€4,788 | +9.0% |
| Stocks | 30/36 | €53,231 | €58,019 | +€4,788 | +9.0% |
| Amounts receivable within one year | 40/41 | €2,794 | €5,545 | +€2,751 | +98.5% |
| Trade receivables | 40 | €2,190 | €4,874 | +€2,684 | +122.6% |
| Other amounts receivable | 41 | €604 | €671 | +€67 | +11.1% |
| Cash at bank and in hand | 54/58 | €7,911 | €3,099 | -€4,812 | -60.8% |
| Deferred charges and accrued income | 490/1 | €1,275 | €912 | -€363 | -28.5% |
| Total equity and liabilities | 10/49 | €74,923 | €75,258 | +€335 | +0.4% |
| Equity | 10/15 | -€59,358 | -€53,909 | +€5,449 | +9.2% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,809 | -€74,360 | +€5,449 | +6.8% |
| Amounts payable | 17/49 | €134,281 | €129,167 | -€5,114 | -3.8% |
| Amounts payable after more than one year | 17 | €58,752 | €58,752 | = | 0.0% |
| Other amounts payable | 178/9 | €58,752 | €58,752 | = | 0.0% |
| Amounts payable within one year | 42/48 | €73,943 | €69,162 | -€4,781 | -6.5% |
| Financial debts | 43 | €67,004 | €63,004 | -€4,000 | -6.0% |
| Credit institutions | 430/8 | €67,004 | €63,004 | -€4,000 | -6.0% |
| Trade debts | 44 | €2,358 | €530 | -€1,828 | -77.5% |
| Suppliers | 440/4 | €2,358 | €530 | -€1,828 | -77.5% |
| Other amounts payable | 47/48 | €4,581 | €5,628 | +€1,047 | +22.9% |
| Accrued charges and deferred income | 492/3 | €1,586 | €1,253 | -€333 | -21.0% |
| Turnover | 70 | €70,932 | €94,738 | +€23,806 | +33.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €71,422 | €78,795 | +€7,373 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,312 | €4,029 | -€2,283 | -36.2% |
| Other operating charges | 640/8 | €957 | €1,151 | +€194 | +20.3% |
| Gross operating margin | 9900 | -€490 | €15,942 | +€16,432 | |
| Operating profit (loss) | 9901 | -€7,759 | €10,762 | +€18,521 | |
| Financial charges | 65/66B | €5,390 | €5,313 | -€77 | -1.4% |
| Recurring financial charges | 65 | €5,390 | €5,313 | -€77 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,149 | €5,449 | +€18,598 | |
| Profit (loss) for the period | 9904 | -€13,149 | €5,449 | +€18,598 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,149 | €5,449 | +€18,598 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.