AD-OR: 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-OR
Largest movements
- Cash -€8,263
down €8,263 (-97.6%), from €8,470 to €206
mainly Investment in fixed assets (net) (-€34,000) and Debts after one year (-€16,145)
- Other debts +€21,946
new in 2024: €21,946
- Debts after one year -€16,145
down €16,145 (-8.9%), from €182,282 to €166,137
of which Financial debts: -€16,145
- Trade debts -€6,039
down €6,039 (-29.8%), from €20,256 to €14,217
- Current portion of long-term debt -€5,061
down €5,061 (-24.0%), from €21,058 to €15,997
- Purchases and services -€50,362
down €50,362 (-65.3%), from €77,105 to €26,743
- Gross operating margin +€29,287
up €29,287 (+343.4%), from €8,530 to €37,817
- Turnover -€12,558
down €12,558 (-25.8%), from €48,758 to €36,200
- Other operating charges +€2,750
up €2,750 (+90.6%), from €3,034 to €5,785
- Financial charges -€1,771
down €1,771 (-94.9%), from €1,867 to €96
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 | €299,510 | €292,896 | -€6,614 | -2.2% |
| Fixed assets | 21/28 | €284,345 | €283,851 | -€494 | -0.2% |
| Tangible fixed assets | 22/27 | €284,345 | €283,851 | -€494 | -0.2% |
| Land and buildings | 22 | €277,421 | €279,107 | +€1,686 | +0.6% |
| Plant, machinery and equipment | 23 | €2,870 | €2,366 | -€504 | -17.6% |
| Furniture and vehicles | 24 | €487 | - | -€487 | |
| Other tangible fixed assets | 26 | €3,568 | €2,379 | -€1,189 | -33.3% |
| Current assets | 29/58 | €15,165 | €9,045 | -€6,120 | -40.4% |
| Amounts receivable within one year | 40/41 | €6,696 | €8,839 | +€2,143 | +32.0% |
| Trade receivables | 40 | €0 | €2,349 | +€2,348 | +690714.7% |
| Other amounts receivable | 41 | €6,695 | €6,490 | -€205 | -3.1% |
| Cash at bank and in hand | 54/58 | €8,470 | €206 | -€8,263 | -97.6% |
| Total equity and liabilities | 10/49 | €299,510 | €292,896 | -€6,614 | -2.2% |
| Equity | 10/15 | €75,780 | €73,357 | -€2,423 | -3.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €59,400 | €59,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €42,400 | €42,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Other | 1319 | €40,500 | €40,500 | = | 0.0% |
| Distributable reserves | 133 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,620 | -€5,043 | -€2,423 | -92.5% |
| Amounts payable | 17/49 | €223,730 | €219,539 | -€4,191 | -1.9% |
| Amounts payable after more than one year | 17 | €182,282 | €166,137 | -€16,145 | -8.9% |
| Financial debts | 170/4 | €178,282 | €162,137 | -€16,145 | -9.1% |
| Other amounts payable | 178/9 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,448 | €53,402 | +€11,954 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €21,058 | €15,997 | -€5,061 | -24.0% |
| Trade debts | 44 | €20,256 | €14,217 | -€6,039 | -29.8% |
| Suppliers | 440/4 | €20,256 | €14,217 | -€6,039 | -29.8% |
| Taxes, remuneration and social security | 45 | €134 | €1,243 | +€1,109 | +830.3% |
| Taxes | 450/3 | €134 | €1,243 | +€1,109 | +830.3% |
| Other amounts payable | 47/48 | - | €21,946 | +€21,946 | |
| Turnover | 70 | €48,758 | €36,200 | -€12,558 | -25.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €77,105 | €26,743 | -€50,362 | -65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,701 | €34,494 | -€207 | -0.6% |
| Other operating charges | 640/8 | €3,034 | €5,785 | +€2,750 | +90.6% |
| Gross operating margin | 9900 | €8,530 | €37,817 | +€29,287 | +343.4% |
| Operating profit (loss) | 9901 | -€29,205 | -€2,461 | +€26,744 | +91.6% |
| Financial income | 75/76B | €49 | €0 | -€49 | -100.0% |
| Recurring financial income | 75 | €49 | €0 | -€49 | -100.0% |
| Financial charges | 65/66B | €1,867 | €96 | -€1,771 | -94.9% |
| Recurring financial charges | 65 | €1,867 | €96 | -€1,771 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | -€31,023 | -€2,557 | +€28,466 | +91.8% |
| Income taxes | 67/77 | - | -€134 | -€134 | |
| Profit (loss) for the period | 9904 | -€31,023 | -€2,423 | +€28,600 | +92.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,023 | -€2,423 | +€28,600 | +92.2% |
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 3 October 2026 via checked.be.