AD MEGATEC: 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 MEGATEC
NACE 43.320, Joinery installation
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€4.8m
2023 · €4.8m-€31,620
Equity
€23.1m
2023 · €19.0m+€4.0m
Cash
€10.1m
2023 · €8.4m+€1.7m
Balance sheet total
€30.8m
2023 · €28.9m+€1.9m
Largest movements
Assets
- Tangible fixed assets +€2.5m
up €2.5m (+28.7%), from €8.7m to €11.1m
of which Plant, machinery and equipment: +€3.2m
- Receivables within one year -€1.8m
down €1.8m (-21.0%), from €8.4m to €6.6m
of which Trade receivables: -€2.0m
- Cash +€1.7m
up €1.7m (+20.2%), from €8.4m to €10.1m
mainly Net result for the year (+€4.8m) and Receivables within one year (+€1.8m)
- Stocks and contracts -€482,156
down €482,156 (-17.2%), from €2.8m to €2.3m
Equity and liabilities
- Reserves +€4.1m
up €4.1m (+21.8%), from €18.7m to €22.8m
of which Distributable reserves: +€3.5m
- Debts after one year -€976,212
down €976,212 (-34.5%), from €2.8m to €1.9m
- Tax, wage and social debts -€610,043
down €610,043 (-49.5%), from €1.2m to €621,466
of which Taxes: -€382,099
- Other debts -€355,489
down €355,489 (-16.7%), from €2.1m to €1.8m
Income statement
- Goods and materials -€4.0m
down €4.0m (-17.0%), from €23.6m to €19.6m
of which Purchases: -€3.3m
- Turnover -€3.4m
down €3.4m (-8.2%), from €41.3m to €37.9m
- Services and other goods +€576,749
up €576,749 (+12.2%), from €4.7m to €5.3m
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
€4.8m
Turnover
-€3.4m
Other operating income
-€14,665
Goods and materials
+€4.0m
Services and other goods
-€576,749
Staff costs
+€75,317
Depreciation
-€272,131
Write-downs
+€178,041
Other operating charges
-€10,496
Other operating items
+€77,441
Financial income
-€88,246
Financial charges
+€27,800
Taxes
-€24,482
Result 2024
€4.8m
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
+€7.5m
Investment
-€4.0m
Financing
-€1.8m
Cash 2023
€8.4m
From operations (derived)
+€7.5m
Net result for the year
+€4.8m
Depreciation
+€1.5m
Stocks and contracts
+€482,156
Receivables within one year
+€1.8m
Deferred charges and accrued income
+€17,469
Smaller working-capital items
-€12,545
Trade debts
-€108,100
Tax, wage and social debts
-€610,043
Other debts
-€355,489
Investment (derived)
-€4.0m
Investment in fixed assets (net)
-€4.0m
Financing
-€1.8m
Debts after one year
-€976,212
Current portion of long-term debt
-€22,042
Contributions, distributions and other
-€773,129
Cash 2024
€10.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,872,104 | €30,799,397 | +€1.9m | +6.7% |
| Fixed assets | 21/28 | €9,013,475 | €11,497,878 | +€2.5m | +27.6% |
| Tangible fixed assets | 22/27 | €8,651,123 | €11,135,861 | +€2.5m | +28.7% |
| Land and buildings | 22 | €4,484,974 | €4,306,385 | -€178,589 | -4.0% |
| Plant, machinery and equipment | 23 | €1,338,882 | €4,511,726 | +€3.2m | +237% |
| Furniture and vehicles | 24 | €921,185 | €921,669 | +€483 | +0.1% |
| Leasing and similar rights | 25 | €1,906,082 | €1,396,082 | -€510,000 | -26.8% |
| Financial fixed assets | 28 | €362,352 | €362,017 | -€335 | -0.1% |
| Affiliated companies | 280/1 | €360,000 | €360,000 | = | 0.0% |
| Participating interests | 280 | €360,000 | €360,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,352 | €2,017 | -€335 | -14.2% |
| Amounts receivable and cash guarantees | 285/8 | €2,352 | €2,017 | -€335 | -14.2% |
| Current assets | 29/58 | €19,858,629 | €19,301,519 | -€557,110 | -2.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,803,150 | €2,320,994 | -€482,156 | -17.2% |
| Stocks | 30/36 | €2,803,150 | €2,320,994 | -€482,156 | -17.2% |
| Raw materials and consumables | 30/31 | €2,803,150 | €2,320,994 | -€482,156 | -17.2% |
| Amounts receivable within one year | 40/41 | €8,382,237 | €6,623,158 | -€1.8m | -21.0% |
| Trade receivables | 40 | €7,650,272 | €5,615,192 | -€2.0m | -26.6% |
| Other amounts receivable | 41 | €731,965 | €1,007,966 | +€276,001 | +37.7% |
| Cash at bank and in hand | 54/58 | €8,411,172 | €10,112,766 | +€1.7m | +20.2% |
| Deferred charges and accrued income | 490/1 | €162,071 | €144,601 | -€17,469 | -10.8% |
| Total equity and liabilities | 10/49 | €28,872,104 | €30,799,397 | +€1.9m | +6.7% |
| Equity | 10/15 | €19,043,202 | €23,054,925 | +€4.0m | +21.1% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €18,698,770 | €22,773,770 | +€4.1m | +21.8% |
| Non-distributable reserves | 130/1 | €13,000 | €13,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,000 | €13,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,685,770 | €2,260,770 | +€575,000 | +34.1% |
| Distributable reserves | 133 | €17,000,000 | €20,500,000 | +€3.5m | +20.6% |
| Profit (loss) carried forward | 14 | €105,031 | €64,882 | -€40,148 | -38.2% |
| Investment grants | 15 | €109,401 | €86,272 | -€23,129 | -21.1% |
| Provisions and deferred taxes | 16 | €260,923 | €255,316 | -€5,607 | -2.1% |
| Provisions for liabilities and charges | 160/5 | €233,971 | €233,971 | = | 0.0% |
| Pensions and similar obligations | 160 | €233,971 | €233,971 | = | 0.0% |
| Deferred taxes | 168 | €26,952 | €21,345 | -€5,607 | -20.8% |
| Amounts payable | 17/49 | €9,567,980 | €7,489,156 | -€2.1m | -21.7% |
| Amounts payable after more than one year | 17 | €2,829,469 | €1,853,257 | -€976,212 | -34.5% |
| Financial debts | 170/4 | €2,829,469 | €1,853,257 | -€976,212 | -34.5% |
| Leasing and similar obligations | 172 | €635,460 | €0 | -€635,460 | -100% |
| Credit institutions | 173 | €2,194,009 | €1,853,257 | -€340,752 | -15.5% |
| Amounts payable within one year | 42/48 | €6,635,506 | €5,540,832 | -€1.1m | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €998,253 | €976,212 | -€22,042 | -2.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,279,714 | €2,171,615 | -€108,100 | -4.7% |
| Suppliers | 440/4 | €2,279,714 | €2,171,615 | -€108,100 | -4.7% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €1,231,509 | €621,466 | -€610,043 | -49.5% |
| Taxes | 450/3 | €594,181 | €212,082 | -€382,099 | -64.3% |
| Remuneration and social security | 454/9 | €637,329 | €409,385 | -€227,944 | -35.8% |
| Other amounts payable | 47/48 | €2,126,028 | €1,770,539 | -€355,489 | -16.7% |
| Accrued charges and deferred income | 492/3 | €103,005 | €95,067 | -€7,938 | -7.7% |
| Operating income | 70/76A | €41,464,499 | €38,034,725 | -€3.4m | -8.3% |
| Turnover | 70 | €41,339,221 | €37,934,410 | -€3.4m | -8.2% |
| Other operating income | 74 | €112,980 | €98,315 | -€14,665 | -13.0% |
| Non-recurring operating income | 76A | €12,298 | €2,000 | -€10,298 | -83.7% |
| Operating charges | 60/66A | €35,817,926 | €32,334,843 | -€3.5m | -9.7% |
| Goods for resale, raw materials and consumables | 60 | €23,569,741 | €19,568,381 | -€4.0m | -17.0% |
| Purchases | 600/8 | €22,388,800 | €19,086,225 | -€3.3m | -14.8% |
| Change in stocks: decrease (increase) | 609 | €1,180,940 | €482,156 | -€698,785 | -59.2% |
| Services and other goods | 61 | €4,732,780 | €5,309,529 | +€576,749 | +12.2% |
| Remuneration, social security and pensions | 62 | €5,973,427 | €5,898,110 | -€75,317 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,262,950 | €1,535,081 | +€272,131 | +21.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,345 | -€165,696 | -€178,041 | |
| Other operating charges | 640/8 | €171,615 | €182,111 | +€10,496 | +6.1% |
| Non-recurring operating charges | 66A | €95,067 | €7,327 | -€87,739 | -92.3% |
| Operating profit (loss) | 9901 | €5,646,573 | €5,699,881 | +€53,309 | +0.9% |
| Financial income | 75/76B | €632,970 | €544,725 | -€88,246 | -13.9% |
| Recurring financial income | 75 | €632,970 | €544,725 | -€88,246 | -13.9% |
| Income from current assets | 751 | €16,777 | €21,013 | +€4,236 | +25.3% |
| Other financial income | 752/9 | €616,194 | €523,712 | -€92,482 | -15.0% |
| Financial charges | 65/66B | €108,866 | €81,067 | -€27,800 | -25.5% |
| Recurring financial charges | 65 | €108,866 | €81,067 | -€27,800 | -25.5% |
| Debt charges | 650 | €80,672 | €62,536 | -€18,136 | -22.5% |
| Other financial charges | 652/9 | €28,194 | €18,531 | -€9,663 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €6,170,677 | €6,163,539 | -€7,137 | -0.1% |
| Transfer from deferred taxes | 780 | €5,607 | €5,607 | -€0 | 0.0% |
| Income taxes | 67/77 | €1,359,812 | €1,384,295 | +€24,482 | +1.8% |
| Taxes | 670/3 | €1,359,812 | €1,384,295 | +€24,482 | +1.8% |
| Profit (loss) for the period | 9904 | €4,816,471 | €4,784,852 | -€31,620 | -0.7% |
| Transfer from tax-exempt reserves | 789 | - | €267,000 | +€267,000 | |
| Transfer to tax-exempt reserves | 689 | €997,770 | €842,000 | -€155,770 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,818,701 | €4,209,852 | +€391,150 | +10.2% |
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 22 October 2026 via checked.be.