AD.CI: 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.
What changed
AD.CI
NACE 43.990, Other specialised construction activities
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€9,424
2023 · -€208,124+€217,548
Equity
€482,262
2023 · €472,838+€9,424
Cash
€23,893
2023 · €20,876+€3,017
Balance sheet total
€2.0m
2023 · €1.9m+€118,436
Largest movements
Assets
- Receivables within one year +€89,129
up €89,129 (+55.9%), from €159,553 to €248,682
of which Trade receivables: +€114,786
- Deferred charges and accrued income +€68,557
up €68,557 (+5,131%), from €1,336 to €69,893
- Receivables after one year -€36,066
down €36,066 (-2.1%), from €1.7m to €1.7m
Equity and liabilities
- Trade debts +€122,140
up €122,140 (+64.1%), from €190,616 to €312,756
- Tax, wage and social debts -€77,542
down €77,542 (-41.2%), from €188,369 to €110,827
of which Remuneration and social security: -€79,554
- Other debts +€74,721
up €74,721 (+9.6%), from €776,694 to €851,415
Income statement
- Gross operating margin +€187,892
up €187,892, from -€74,538 to €113,354
- Staff costs -€79,691
down €79,691 (-46.0%), from €173,373 to €93,683
- Write-downs +€21,893
new in 2024: €21,893
- Financial charges +€19,687
up €19,687 (+174%), from €11,298 to €30,985
- Financial income +€9,527
up €9,527 (+15.8%), from €60,326 to €69,853
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.
Result 2023
-€208,124
Gross operating margin
+€187,892
Staff costs
+€79,691
Depreciation
-€158
Write-downs
-€21,893
Other operating charges
-€6,177
Other operating items
-€11,198
Financial income
+€9,527
Financial charges
-€19,687
Taxes
-€450
Result 2024
€9,424
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€3,190
Investment
-€3,175
Financing
+€3,002
Cash 2023
€20,876
From operations (derived)
+€3,190
Net result for the year
+€9,424
Depreciation
+€9,376
Receivables after one year
+€36,066
Receivables within one year
-€89,129
Deferred charges and accrued income
-€68,557
Trade debts
+€122,140
Tax, wage and social debts
-€77,542
Other debts
+€74,721
Accrued charges and deferred income
-€13,310
Investment (derived)
-€3,175
Investment in fixed assets (net)
-€3,175
Financing
+€3,002
Debts after one year
+€13,283
Current portion of long-term debt
-€3,717
Short-term financial debts
-€6,564
Cash 2024
€23,893
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,917,298 | €2,035,734 | +€118,436 | +6.2% |
| Fixed assets | 21/28 | €23,637 | €17,436 | -€6,200 | -26.2% |
| Tangible fixed assets | 22/27 | €22,583 | €15,372 | -€7,210 | -31.9% |
| Plant, machinery and equipment | 23 | €325 | €198 | -€127 | -39.0% |
| Furniture and vehicles | 24 | €14,262 | €11,619 | -€2,643 | -18.5% |
| Leasing and similar rights | 25 | €7,996 | €3,555 | -€4,441 | -55.5% |
| Financial fixed assets | 28 | €1,054 | €2,064 | +€1,010 | +95.8% |
| Current assets | 29/58 | €1,893,661 | €2,018,298 | +€124,637 | +6.6% |
| Amounts receivable after more than one year | 29 | €1,711,896 | €1,675,830 | -€36,066 | -2.1% |
| Other amounts receivable | 291 | €1,711,896 | €1,675,830 | -€36,066 | -2.1% |
| Amounts receivable within one year | 40/41 | €159,553 | €248,682 | +€89,129 | +55.9% |
| Trade receivables | 40 | €33,688 | €148,474 | +€114,786 | +341% |
| Other amounts receivable | 41 | €125,866 | €100,208 | -€25,657 | -20.4% |
| Cash at bank and in hand | 54/58 | €20,876 | €23,893 | +€3,017 | +14.5% |
| Deferred charges and accrued income | 490/1 | €1,336 | €69,893 | +€68,557 | +5,131% |
| Total equity and liabilities | 10/49 | €1,917,298 | €2,035,734 | +€118,436 | +6.2% |
| Equity | 10/15 | €472,838 | €482,262 | +€9,424 | +2.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €28,376 | €28,376 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €3,429 | €3,429 | = | 0.0% |
| Profit (loss) carried forward | 14 | €382,488 | €391,912 | +€9,424 | +2.5% |
| Amounts payable | 17/49 | €1,444,459 | €1,553,472 | +€109,012 | +7.5% |
| Amounts payable after more than one year | 17 | €212,914 | €226,197 | +€13,283 | +6.2% |
| Financial debts | 170/4 | €212,914 | €226,197 | +€13,283 | +6.2% |
| Amounts payable within one year | 42/48 | €1,211,914 | €1,320,953 | +€109,039 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €7,135 | €3,418 | -€3,717 | -52.1% |
| Financial debts | 43 | €49,100 | €42,536 | -€6,564 | -13.4% |
| Credit institutions | 430/8 | €49,100 | €42,536 | -€6,564 | -13.4% |
| Trade debts | 44 | €190,616 | €312,756 | +€122,140 | +64.1% |
| Suppliers | 440/4 | €190,616 | €312,756 | +€122,140 | +64.1% |
| Taxes, remuneration and social security | 45 | €188,369 | €110,827 | -€77,542 | -41.2% |
| Taxes | 450/3 | €23,000 | €25,013 | +€2,012 | +8.7% |
| Remuneration and social security | 454/9 | €165,368 | €85,814 | -€79,554 | -48.1% |
| Other amounts payable | 47/48 | €776,694 | €851,415 | +€74,721 | +9.6% |
| Accrued charges and deferred income | 492/3 | €19,632 | €6,323 | -€13,310 | -67.8% |
| Non-recurring operating income | 76A | €926 | €0 | -€926 | -100% |
| Remuneration, social security and pensions | 62 | €173,373 | €93,683 | -€79,691 | -46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,218 | €9,376 | +€158 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,893 | +€21,893 | |
| Other operating charges | 640/8 | - | €6,177 | +€6,177 | |
| Non-recurring operating charges | 66A | - | €11,198 | +€11,198 | |
| Gross operating margin | 9900 | -€74,538 | €113,354 | +€187,892 | |
| Operating profit (loss) | 9901 | -€257,129 | -€28,972 | +€228,157 | +88.7% |
| Financial income | 75/76B | €60,326 | €69,853 | +€9,527 | +15.8% |
| Recurring financial income | 75 | €60,326 | €69,853 | +€9,527 | +15.8% |
| Financial charges | 65/66B | €11,298 | €30,985 | +€19,687 | +174% |
| Recurring financial charges | 65 | €11,298 | €30,985 | +€19,687 | +174% |
| Profit (loss) for the period before taxes | 9903 | -€208,101 | €9,897 | +€217,997 | |
| Income taxes | 67/77 | €23 | €473 | +€450 | +1,950% |
| Profit (loss) for the period | 9904 | -€208,124 | €9,424 | +€217,548 | |
| Profit (loss) for the period to be appropriated | 9905 | -€208,124 | €9,424 | +€217,548 |
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 23 October 2026 via checked.be.