AD-NEW CO: 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-NEW CO
Largest movements
- Stocks and contracts +€4.4m
up €4.4m (+270%), from €1.6m to €6.1m
- Cash +€73,166
up €73,166 (+135%), from €54,373 to €127,539
mainly Trade debts (+€4.3m) and Other debts (+€294,481)
- Trade debts +€4.3m
new in 2024: €4.3m
- Other debts +€294,481
up €294,481 (+63.3%), from €465,337 to €759,819
- Profit (loss) carried forward -€225,588
down €225,588 (-44.1%), from -€511,130 to -€736,718
- Accrued charges and deferred income +€130,248
new in 2024: €130,248
- Gross operating margin +€388,422
up €388,422 (+90.3%), from -€430,057 to -€41,635
- Financial charges +€99,764
up €99,764 (+126%), from €79,188 to €178,952
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
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 | €1,738,092 | €6,267,954 | +€4.5m | +261% |
| Fixed assets | 21/28 | €18,592 | €18,592 | = | 0.0% |
| Tangible fixed assets | 22/27 | €18,592 | €18,592 | = | 0.0% |
| Land and buildings | 22 | €18,592 | €18,592 | = | 0.0% |
| Current assets | 29/58 | €1,719,500 | €6,249,362 | +€4.5m | +263% |
| Stocks and contracts in progress | 3 | €1,642,568 | €6,082,368 | +€4.4m | +270% |
| Stocks | 30/36 | €1,642,568 | €6,082,368 | +€4.4m | +270% |
| Amounts receivable within one year | 40/41 | €22,560 | €39,456 | +€16,896 | +74.9% |
| Other amounts receivable | 41 | €22,560 | €39,456 | +€16,896 | +74.9% |
| Cash at bank and in hand | 54/58 | €54,373 | €127,539 | +€73,166 | +135% |
| Total equity and liabilities | 10/49 | €1,738,092 | €6,267,954 | +€4.5m | +261% |
| Equity | 10/15 | -€492,642 | -€718,230 | -€225,588 | -45.8% |
| Contributions | 10/11 | €4,522 | €4,522 | = | 0.0% |
| Reserves | 13 | €13,966 | €13,966 | = | 0.0% |
| Non-distributable reserves | 130/1 | €452 | €452 | = | 0.0% |
| Reserves not available under the articles | 1311 | €452 | €452 | = | 0.0% |
| Distributable reserves | 133 | €13,514 | €13,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€511,130 | -€736,718 | -€225,588 | -44.1% |
| Amounts payable | 17/49 | €2,230,734 | €6,986,184 | +€4.8m | +213% |
| Amounts payable within one year | 42/48 | €2,230,734 | €6,855,936 | +€4.6m | +207% |
| Financial debts | 43 | €1,765,396 | €1,760,000 | -€5,396 | -0.3% |
| Credit institutions | 430/8 | €1,765,396 | €1,760,000 | -€5,396 | -0.3% |
| Trade debts | 44 | - | €4,336,117 | +€4.3m | |
| Suppliers | 440/4 | - | €4,336,117 | +€4.3m | |
| Other amounts payable | 47/48 | €465,337 | €759,819 | +€294,481 | +63.3% |
| Accrued charges and deferred income | 492/3 | - | €130,248 | +€130,248 | |
| Other operating charges | 640/8 | €1,995 | €5,001 | +€3,006 | +151% |
| Gross operating margin | 9900 | -€430,057 | -€41,635 | +€388,422 | +90.3% |
| Operating profit (loss) | 9901 | -€432,052 | -€46,636 | +€385,416 | +89.2% |
| Financial charges | 65/66B | €79,188 | €178,952 | +€99,764 | +126% |
| Recurring financial charges | 65 | €79,188 | €178,952 | +€99,764 | +126% |
| Profit (loss) for the period before taxes | 9903 | -€511,240 | -€225,588 | +€285,652 | +55.9% |
| Income taxes | 67/77 | -€110 | - | +€110 | |
| Profit (loss) for the period | 9904 | -€511,130 | -€225,588 | +€285,542 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€511,130 | -€225,588 | +€285,542 | +55.9% |
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 18 October 2026 via checked.be.