AD CENTRE: 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.
AD CENTRE
Largest movements
- Receivables within one year +€498,863
up €498,863 (+80.3%), from €621,566 to €1.1m
of which Trade receivables: +€536,807
- Deferred charges and accrued income +€338,647
up €338,647 (+6374.0%), from €5,313 to €343,960
- Cash +€24,212
up €24,212 (+39.3%), from €61,636 to €85,848
mainly Trade debts (+€808,330) and Net result for the year (+€187,478)
- Trade debts +€808,330
up €808,330 (+304.5%), from €265,432 to €1.1m
- Tax, wage and social debts -€122,012
down €122,012 (-32.1%), from €380,622 to €258,610
of which Taxes: -€90,364
- Profit (loss) carried forward +€97,478
up €97,478 (+402.2%), from €24,236 to €121,714
- Debts after one year +€63,599
up €63,599 (+38.6%), from €164,665 to €228,265
of which Other amounts payable: +€90,000
- Gross operating margin +€223,298
up €223,298 (+32.4%), from €689,868 to €913,166
- Taxes +€17,949
up €17,949 (+227.7%), from €7,881 to €25,830
- Financial charges +€17,845
up €17,845 (+78.2%), from €22,832 to €40,676
- Staff costs +€11,700
up €11,700 (+2.0%), from €586,711 to €598,411
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 | €933,537 | €1,792,731 | +€859,193 | +92.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €234,573 | €229,476 | -€5,097 | -2.2% |
| Tangible fixed assets | 22/27 | €233,489 | €228,392 | -€5,097 | -2.2% |
| Plant, machinery and equipment | 23 | €71,960 | €72,165 | +€205 | +0.3% |
| Furniture and vehicles | 24 | €8,841 | €13,792 | +€4,951 | +56.0% |
| Other tangible fixed assets | 26 | €152,688 | €142,434 | -€10,254 | -6.7% |
| Financial fixed assets | 28 | €1,084 | €1,084 | = | 0.0% |
| Current assets | 29/58 | €698,964 | €1,563,255 | +€864,291 | +123.7% |
| Stocks and contracts in progress | 3 | €10,450 | €13,018 | +€2,568 | +24.6% |
| Stocks | 30/36 | €10,450 | €13,018 | +€2,568 | +24.6% |
| Amounts receivable within one year | 40/41 | €621,566 | €1,120,429 | +€498,863 | +80.3% |
| Trade receivables | 40 | €86,385 | €623,191 | +€536,807 | +621.4% |
| Other amounts receivable | 41 | €535,181 | €497,238 | -€37,943 | -7.1% |
| Cash at bank and in hand | 54/58 | €61,636 | €85,848 | +€24,212 | +39.3% |
| Deferred charges and accrued income | 490/1 | €5,313 | €343,960 | +€338,647 | +6374.0% |
| Total equity and liabilities | 10/49 | €933,537 | €1,792,731 | +€859,193 | +92.0% |
| Equity | 10/15 | €44,236 | €141,714 | +€97,478 | +220.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,236 | €121,714 | +€97,478 | +402.2% |
| Amounts payable | 17/49 | €889,301 | €1,651,017 | +€761,715 | +85.7% |
| Amounts payable after more than one year | 17 | €164,665 | €228,265 | +€63,599 | +38.6% |
| Financial debts | 170/4 | €164,665 | €138,265 | -€26,401 | -16.0% |
| Other amounts payable | 178/9 | - | €90,000 | +€90,000 | |
| Amounts payable within one year | 42/48 | €723,856 | €1,422,074 | +€698,218 | +96.5% |
| Current portion of amounts payable after more than one year | 42 | €27,232 | €28,545 | +€1,313 | +4.8% |
| Trade debts | 44 | €265,432 | €1,073,762 | +€808,330 | +304.5% |
| Suppliers | 440/4 | €265,432 | €1,073,762 | +€808,330 | +304.5% |
| Taxes, remuneration and social security | 45 | €380,622 | €258,610 | -€122,012 | -32.1% |
| Taxes | 450/3 | €257,544 | €167,180 | -€90,364 | -35.1% |
| Remuneration and social security | 454/9 | €123,078 | €91,430 | -€31,648 | -25.7% |
| Other amounts payable | 47/48 | €50,571 | €61,157 | +€10,587 | +20.9% |
| Accrued charges and deferred income | 492/3 | €780 | €678 | -€102 | -13.1% |
| Remuneration, social security and pensions | 62 | €586,711 | €598,411 | +€11,700 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,318 | €41,973 | +€5,655 | +15.6% |
| Other operating charges | 640/8 | €23,167 | €18,991 | -€4,176 | -18.0% |
| Gross operating margin | 9900 | €689,868 | €913,166 | +€223,298 | +32.4% |
| Operating profit (loss) | 9901 | €43,672 | €253,791 | +€210,119 | +481.1% |
| Financial income | 75/76B | - | €193 | +€193 | |
| Recurring financial income | 75 | - | €193 | +€193 | |
| Financial charges | 65/66B | €22,832 | €40,676 | +€17,845 | +78.2% |
| Recurring financial charges | 65 | €22,832 | €40,676 | +€17,845 | +78.2% |
| Profit (loss) for the period before taxes | 9903 | €20,840 | €213,308 | +€192,468 | +923.5% |
| Income taxes | 67/77 | €7,881 | €25,830 | +€17,949 | +227.7% |
| Profit (loss) for the period | 9904 | €12,959 | €187,478 | +€174,519 | +1346.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,959 | €187,478 | +€174,519 | +1346.7% |
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 9 October 2026 via checked.be.