AD GESTION: 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 GESTION
Largest movements
- Receivables within one year +€589,499
up €589,499 (+81.1%), from €726,806 to €1.3m
of which Trade receivables: +€321,159
- Tangible fixed assets +€90,234
up €90,234 (+109.3%), from €82,583 to €172,817
of which Other tangible fixed assets: +€75,413
- Financial fixed assets +€37,500
new in 2024: €37,500
- Debts after one year +€500,000
up €500,000 (+833.3%), from €60,000 to €560,000
- Trade debts +€244,531
up €244,531 (+148.0%), from €165,260 to €409,792
- Other debts -€141,669
down €141,669 (-24.0%), from €590,686 to €449,018
- Tax, wage and social debts +€81,532
up €81,532 (+662.7%), from €12,303 to €93,834
of which Remuneration and social security: +€65,162
- Profit (loss) carried forward +€38,063
up €38,063 (+194.5%), from €19,570 to €57,633
- Turnover +€1.6m
new in 2024: €1.6m
- Purchases and services +€1.2m
new in 2024: €1.2m
- Gross operating margin +€242,557
up €242,557 (+147.4%), from €164,504 to €407,062
- Staff costs +€230,338
up €230,338 (+333.3%), from €69,100 to €299,438
- Financial charges +€27,285
up €27,285 (+4218.4%), from €647 to €27,932
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 | €872,689 | €1,594,692 | +€722,002 | +82.7% |
| Fixed assets | 21/28 | €130,994 | €259,038 | +€128,044 | +97.7% |
| Intangible fixed assets | 21 | €48,410 | €48,721 | +€311 | +0.6% |
| Tangible fixed assets | 22/27 | €82,583 | €172,817 | +€90,234 | +109.3% |
| Plant, machinery and equipment | 23 | €2,936 | €6,395 | +€3,460 | +117.9% |
| Furniture and vehicles | 24 | €4,763 | €16,124 | +€11,361 | +238.5% |
| Other tangible fixed assets | 26 | €74,884 | €150,297 | +€75,413 | +100.7% |
| Financial fixed assets | 28 | - | €37,500 | +€37,500 | |
| Current assets | 29/58 | €741,696 | €1,335,654 | +€593,958 | +80.1% |
| Stocks and contracts in progress | 3 | €10,003 | €10,283 | +€280 | +2.8% |
| Stocks | 30/36 | €10,003 | €10,283 | +€280 | +2.8% |
| Amounts receivable within one year | 40/41 | €726,806 | €1,316,305 | +€589,499 | +81.1% |
| Trade receivables | 40 | €552,006 | €873,165 | +€321,159 | +58.2% |
| Other amounts receivable | 41 | €174,800 | €443,140 | +€268,340 | +153.5% |
| Cash at bank and in hand | 54/58 | €266 | €8,391 | +€8,124 | +3053.0% |
| Deferred charges and accrued income | 490/1 | €4,620 | €675 | -€3,945 | -85.4% |
| Total equity and liabilities | 10/49 | €872,689 | €1,594,692 | +€722,002 | +82.7% |
| Equity | 10/15 | €44,440 | €81,407 | +€36,967 | +83.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,570 | €57,633 | +€38,063 | +194.5% |
| Investment grants | 15 | €9,870 | €8,774 | -€1,097 | -11.1% |
| Amounts payable | 17/49 | €828,249 | €1,513,285 | +€685,036 | +82.7% |
| Amounts payable after more than one year | 17 | €60,000 | €560,000 | +€500,000 | +833.3% |
| Other amounts payable | 178/9 | €60,000 | €560,000 | +€500,000 | +833.3% |
| Amounts payable within one year | 42/48 | €768,249 | €953,285 | +€185,036 | +24.1% |
| Financial debts | 43 | - | €641 | +€641 | |
| Credit institutions | 430/8 | - | €641 | +€641 | |
| Trade debts | 44 | €165,260 | €409,792 | +€244,531 | +148.0% |
| Suppliers | 440/4 | €165,260 | €409,792 | +€244,531 | +148.0% |
| Taxes, remuneration and social security | 45 | €12,303 | €93,834 | +€81,532 | +662.7% |
| Taxes | 450/3 | €12,303 | €28,673 | +€16,370 | +133.1% |
| Remuneration and social security | 454/9 | - | €65,162 | +€65,162 | |
| Other amounts payable | 47/48 | €590,686 | €449,018 | -€141,669 | -24.0% |
| Turnover | 70 | - | €1,569,906 | +€1.6m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,183,170 | +€1.2m | |
| Remuneration, social security and pensions | 62 | €69,100 | €299,438 | +€230,338 | +333.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,968 | €30,852 | +€20,884 | +209.5% |
| Other operating charges | 640/8 | €600 | €1,713 | +€1,113 | +185.5% |
| Gross operating margin | 9900 | €164,504 | €407,062 | +€242,557 | +147.4% |
| Operating profit (loss) | 9901 | €84,836 | €75,059 | -€9,777 | -11.5% |
| Financial income | 75/76B | €1,097 | €1,097 | = | 0.0% |
| Recurring financial income | 75 | €1,097 | €1,097 | = | 0.0% |
| Financial charges | 65/66B | €647 | €27,932 | +€27,285 | +4218.4% |
| Recurring financial charges | 65 | €647 | €27,932 | +€27,285 | +4218.4% |
| Profit (loss) for the period before taxes | 9903 | €85,286 | €48,223 | -€37,062 | -43.5% |
| Income taxes | 67/77 | €5,716 | €10,160 | +€4,444 | +77.7% |
| Profit (loss) for the period | 9904 | €79,570 | €38,063 | -€41,506 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €79,570 | €38,063 | -€41,506 | -52.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.