AD-electrics: 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-electrics
Largest movements
- Receivables within one year +€22,829
up €22,829 (+76.6%), from €29,785 to €52,614
of which Other amounts receivable: +€23,458
- Receivables after one year -€22,413
no longer reported in 2024 (was €22,413)
- Tangible fixed assets -€5,083
down €5,083 (-47.6%), from €10,685 to €5,602
of which Furniture and vehicles: -€2,991
- Stocks and contracts -€997
down €997 (-14.5%), from €6,855 to €5,858
- Trade debts -€10,231
down €10,231 (-47.9%), from €21,368 to €11,137
- Profit (loss) carried forward +€2,468
up €2,468 (+9.7%), from €25,397 to €27,865
- Debts after one year +€1,600
up €1,600 (+32.6%), from €4,900 to €6,500
- Gross operating margin +€3,307
up €3,307 (+33.4%), from €9,903 to €13,210
- Financial income +€569
up €569 (+1,278%), from €45 to €613
- Taxes +€425
up €425 (+9.1%), from €4,680 to €5,105
- Financial charges -€304
down €304 (-30.9%), from €985 to €681
- Other operating charges -€193
down €193 (-28.4%), from €679 to €486
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,324 | €67,174 | -€6,150 | -8.4% |
| Fixed assets | 21/28 | €13,785 | €8,702 | -€5,083 | -36.9% |
| Tangible fixed assets | 22/27 | €10,685 | €5,602 | -€5,083 | -47.6% |
| Plant, machinery and equipment | 23 | €4,703 | €2,611 | -€2,092 | -44.5% |
| Furniture and vehicles | 24 | €5,981 | €2,991 | -€2,991 | -50.0% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €59,539 | €58,473 | -€1,067 | -1.8% |
| Amounts receivable after more than one year | 29 | €22,413 | - | -€22,413 | |
| Other amounts receivable | 291 | €22,413 | - | -€22,413 | |
| Stocks and contracts in progress | 3 | €6,855 | €5,858 | -€997 | -14.5% |
| Stocks | 30/36 | €6,855 | €5,858 | -€997 | -14.5% |
| Amounts receivable within one year | 40/41 | €29,785 | €52,614 | +€22,829 | +76.6% |
| Trade receivables | 40 | €20,778 | €20,148 | -€629 | -3.0% |
| Other amounts receivable | 41 | €9,008 | €32,466 | +€23,458 | +260% |
| Deferred charges and accrued income | 490/1 | €485 | - | -€485 | |
| Total equity and liabilities | 10/49 | €73,324 | €67,174 | -€6,150 | -8.4% |
| Equity | 10/15 | €45,857 | €48,325 | +€2,468 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,397 | €27,865 | +€2,468 | +9.7% |
| Amounts payable | 17/49 | €27,467 | €18,850 | -€8,617 | -31.4% |
| Amounts payable after more than one year | 17 | €4,900 | €6,500 | +€1,600 | +32.6% |
| Financial debts | 170/4 | €4,900 | €6,500 | +€1,600 | +32.6% |
| Amounts payable within one year | 42/48 | €22,567 | €12,350 | -€10,217 | -45.3% |
| Financial debts | 43 | €1,199 | €1,213 | +€14 | +1.2% |
| Credit institutions | 430/8 | €1,199 | €1,213 | +€14 | +1.2% |
| Trade debts | 44 | €21,368 | €11,137 | -€10,231 | -47.9% |
| Suppliers | 440/4 | €21,368 | €11,137 | -€10,231 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,083 | €5,083 | = | 0.0% |
| Other operating charges | 640/8 | €679 | €486 | -€193 | -28.4% |
| Gross operating margin | 9900 | €9,903 | €13,210 | +€3,307 | +33.4% |
| Operating profit (loss) | 9901 | €4,141 | €7,641 | +€3,500 | +84.5% |
| Financial income | 75/76B | €45 | €613 | +€569 | +1,278% |
| Recurring financial income | 75 | €45 | €613 | +€569 | +1,278% |
| Financial charges | 65/66B | €985 | €681 | -€304 | -30.9% |
| Recurring financial charges | 65 | €985 | €681 | -€304 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €3,200 | €7,573 | +€4,373 | +137% |
| Income taxes | 67/77 | €4,680 | €5,105 | +€425 | +9.1% |
| Profit (loss) for the period | 9904 | -€1,480 | €2,468 | +€3,948 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,480 | €2,468 | +€3,948 |
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 24 October 2026 via checked.be.