AD CONSTRUCT & CIE: 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.
AD CONSTRUCT & CIE
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+1119.9%), from €113,024 to €1.4m
of which Trade receivables: +€1.3m
- Stocks and contracts -€752,801
down €752,801 (-95.6%), from €787,801 to €35,000
- Cash +€127,498
up €127,498 (+3615.4%), from €3,526 to €131,024
mainly Stocks and contracts (+€752,801) and Other debts (+€588,856)
- Other debts +€588,856
up €588,856 (+71.6%), from €822,768 to €1.4m
- Trade debts +€51,739
up €51,739 (+60.0%), from €86,162 to €137,901
- Tax, wage and social debts -€19,440
down €19,440 (-83.4%), from €23,317 to €3,876
of which Remuneration and social security: -€17,540
- Profit (loss) carried forward +€17,127
up €17,127 (+60.2%), from -€28,451 to -€11,324
- Staff costs -€16,467
down €16,467 (-6.4%), from €256,249 to €239,781
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.
Cash bridge derived
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 | €906,796 | €1,545,078 | +€638,282 | +70.4% |
| Current assets | 29/58 | €906,796 | €1,545,078 | +€638,282 | +70.4% |
| Stocks and contracts in progress | 3 | €787,801 | €35,000 | -€752,801 | -95.6% |
| Stocks | 30/36 | €787,801 | €35,000 | -€752,801 | -95.6% |
| Amounts receivable within one year | 40/41 | €113,024 | €1,378,803 | +€1.3m | +1119.9% |
| Trade receivables | 40 | €23,746 | €1,356,150 | +€1.3m | +5611.1% |
| Other amounts receivable | 41 | €89,278 | €22,653 | -€66,625 | -74.6% |
| Cash at bank and in hand | 54/58 | €3,526 | €131,024 | +€127,498 | +3615.4% |
| Deferred charges and accrued income | 490/1 | €2,444 | €251 | -€2,193 | -89.7% |
| Total equity and liabilities | 10/49 | €906,796 | €1,545,078 | +€638,282 | +70.4% |
| Equity | 10/15 | -€25,451 | -€8,324 | +€17,127 | +67.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,451 | -€11,324 | +€17,127 | +60.2% |
| Amounts payable | 17/49 | €932,247 | €1,553,402 | +€621,155 | +66.6% |
| Amounts payable within one year | 42/48 | €932,247 | €1,553,402 | +€621,155 | +66.6% |
| Trade debts | 44 | €86,162 | €137,901 | +€51,739 | +60.0% |
| Suppliers | 440/4 | €86,162 | €137,901 | +€51,739 | +60.0% |
| Taxes, remuneration and social security | 45 | €23,317 | €3,876 | -€19,440 | -83.4% |
| Taxes | 450/3 | €1,914 | €13 | -€1,901 | -99.3% |
| Remuneration and social security | 454/9 | €21,403 | €3,863 | -€17,540 | -82.0% |
| Other amounts payable | 47/48 | €822,768 | €1,411,624 | +€588,856 | +71.6% |
| Remuneration, social security and pensions | 62 | €256,249 | €239,781 | -€16,467 | -6.4% |
| Other operating charges | 640/8 | €588 | €807 | +€219 | +37.2% |
| Gross operating margin | 9900 | €262,193 | €260,015 | -€2,178 | -0.8% |
| Operating profit (loss) | 9901 | €5,357 | €19,427 | +€14,070 | +262.7% |
| Financial income | 75/76B | €168 | - | -€168 | |
| Recurring financial income | 75 | €168 | - | -€168 | |
| Financial charges | 65/66B | €180 | €2,300 | +€2,120 | +1176.1% |
| Recurring financial charges | 65 | €180 | €2,300 | +€2,120 | +1176.1% |
| Profit (loss) for the period before taxes | 9903 | €5,345 | €17,127 | +€11,782 | +220.5% |
| Profit (loss) for the period | 9904 | €5,345 | €17,127 | +€11,782 | +220.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,345 | €17,127 | +€11,782 | +220.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.