A.D.W.: 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.D.W.
Largest movements
- Tangible fixed assets -€29,752
down €29,752 (-10.2%), from €292,218 to €262,466
- Profit (loss) carried forward +€26,087
up €26,087 (+112.6%), from €23,163 to €49,250
- Debts after one year -€20,000
no longer reported in 2024 (was €20,000)
- Current portion of long-term debt -€20,000
down €20,000 (-50.0%), from €40,000 to €20,000
- Reserves -€11,223
down €11,223 (-5.0%), from €226,036 to €214,813
of which Tax-exempt reserves: -€11,223
- Provisions -€5,779
no longer reported in 2024 (was €5,779)
- Depreciation -€41,630
down €41,630 (-58.3%), from €71,382 to €29,752
- Other operating charges -€5,387
down €5,387 (-96.8%), from €5,563 to €177
- Gross operating margin -€4,498
down €4,498 (-9.8%), from €46,052 to €41,554
- Purchases and services +€4,155
up €4,155 (+213.3%), from €1,948 to €6,103
- Financial charges -€1,294
down €1,294 (-33.7%), from €3,835 to €2,541
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 | €334,052 | €306,073 | -€27,979 | -8.4% |
| Fixed assets | 21/28 | €292,636 | €262,884 | -€29,752 | -10.2% |
| Tangible fixed assets | 22/27 | €292,218 | €262,466 | -€29,752 | -10.2% |
| Land and buildings | 22 | €292,218 | €262,466 | -€29,752 | -10.2% |
| Financial fixed assets | 28 | €418 | €418 | = | 0.0% |
| Current assets | 29/58 | €41,417 | €43,189 | +€1,773 | +4.3% |
| Amounts receivable within one year | 40/41 | €41,022 | €43,179 | +€2,157 | +5.3% |
| Trade receivables | 40 | €39,500 | - | -€39,500 | |
| Other amounts receivable | 41 | €1,522 | €43,179 | +€41,657 | +2737.2% |
| Cash at bank and in hand | 54/58 | €308 | €10 | -€298 | -96.7% |
| Deferred charges and accrued income | 490/1 | €87 | - | -€87 | |
| Total equity and liabilities | 10/49 | €334,052 | €306,073 | -€27,979 | -8.4% |
| Equity | 10/15 | €267,799 | €282,663 | +€14,863 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €226,036 | €214,813 | -€11,223 | -5.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,223 | - | -€11,223 | |
| Distributable reserves | 133 | €212,953 | €212,953 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,163 | €49,250 | +€26,087 | +112.6% |
| Provisions and deferred taxes | 16 | €5,779 | - | -€5,779 | |
| Deferred taxes | 168 | €5,779 | - | -€5,779 | |
| Amounts payable | 17/49 | €60,474 | €23,411 | -€37,063 | -61.3% |
| Amounts payable after more than one year | 17 | €20,000 | - | -€20,000 | |
| Financial debts | 170/4 | €20,000 | - | -€20,000 | |
| Amounts payable within one year | 42/48 | €40,474 | €23,411 | -€17,063 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Trade debts | 44 | €300 | €810 | +€510 | +170.0% |
| Suppliers | 440/4 | €300 | €810 | +€510 | +170.0% |
| Taxes, remuneration and social security | 45 | €174 | - | -€174 | |
| Taxes | 450/3 | €174 | - | -€174 | |
| Other amounts payable | 47/48 | - | €2,601 | +€2,601 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,948 | €6,103 | +€4,155 | +213.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,382 | €29,752 | -€41,630 | -58.3% |
| Other operating charges | 640/8 | €5,563 | €177 | -€5,387 | -96.8% |
| Gross operating margin | 9900 | €46,052 | €41,554 | -€4,498 | -9.8% |
| Operating profit (loss) | 9901 | -€30,893 | €11,626 | +€42,519 | |
| Financial charges | 65/66B | €3,835 | €2,541 | -€1,294 | -33.7% |
| Recurring financial charges | 65 | €3,835 | €2,541 | -€1,294 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | -€34,728 | €9,084 | +€43,812 | |
| Transfer from deferred taxes | 780 | €5,779 | €5,779 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€28,949 | €14,863 | +€43,812 | |
| Transfer from tax-exempt reserves | 789 | €11,223 | €11,223 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,726 | €26,087 | +€43,812 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.