AD-POL: 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-POL
Largest movements
- Receivables within one year +€13,050
up €13,050 (+7.0%), from €187,019 to €200,069
of which Trade receivables: +€78,162
- Tangible fixed assets -€9,771
down €9,771 (-28.9%), from €33,843 to €24,071
- Trade debts +€47,309
up €47,309 (+70.6%), from €67,057 to €114,366
- Tax, wage and social debts -€18,739
down €18,739 (-92.5%), from €20,258 to €1,520
of which Remuneration and social security: -€12,600
- Profit (loss) carried forward -€17,652
down €17,652 (-17.8%), from €99,418 to €81,766
- Advances received -€5,300
no longer reported in 2024 (was €5,300)
- Short-term financial debts -€2,268
no longer reported in 2024 (was €2,268)
- Gross operating margin -€39,275
down €39,275, from €31,605 to -€7,670
- Taxes -€4,419
no longer reported in 2024 (was €4,419)
- Depreciation +€2,674
up €2,674 (+37.7%), from €7,097 to €9,771
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 | €221,112 | €224,462 | +€3,351 | +1.5% |
| Fixed assets | 21/28 | €34,093 | €24,321 | -€9,771 | -28.7% |
| Tangible fixed assets | 22/27 | €33,843 | €24,071 | -€9,771 | -28.9% |
| Furniture and vehicles | 24 | €33,843 | €24,071 | -€9,771 | -28.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €187,019 | €200,141 | +€13,122 | +7.0% |
| Amounts receivable within one year | 40/41 | €187,019 | €200,069 | +€13,050 | +7.0% |
| Trade receivables | 40 | €75,432 | €153,594 | +€78,162 | +103.6% |
| Other amounts receivable | 41 | €111,587 | €46,475 | -€65,113 | -58.4% |
| Cash at bank and in hand | 54/58 | - | €72 | +€72 | |
| Total equity and liabilities | 10/49 | €221,112 | €224,462 | +€3,351 | +1.5% |
| Equity | 10/15 | €126,228 | €108,576 | -€17,652 | -14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,418 | €81,766 | -€17,652 | -17.8% |
| Amounts payable | 17/49 | €94,884 | €115,886 | +€21,002 | +22.1% |
| Amounts payable within one year | 42/48 | €94,884 | €115,886 | +€21,002 | +22.1% |
| Financial debts | 43 | €2,268 | - | -€2,268 | |
| Credit institutions | 430/8 | €2,268 | - | -€2,268 | |
| Trade debts | 44 | €67,057 | €114,366 | +€47,309 | +70.6% |
| Suppliers | 440/4 | €67,057 | €114,366 | +€47,309 | +70.6% |
| Advances received on contracts in progress | 46 | €5,300 | - | -€5,300 | |
| Taxes, remuneration and social security | 45 | €20,258 | €1,520 | -€18,739 | -92.5% |
| Taxes | 450/3 | €7,658 | €1,520 | -€6,139 | -80.2% |
| Remuneration and social security | 454/9 | €12,600 | - | -€12,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,097 | €9,771 | +€2,674 | +37.7% |
| Other operating charges | 640/8 | €69 | €106 | +€37 | +54.0% |
| Non-recurring operating charges | 66A | €504 | €48 | -€456 | -90.5% |
| Gross operating margin | 9900 | €31,605 | -€7,670 | -€39,275 | |
| Operating profit (loss) | 9901 | €23,935 | -€17,596 | -€41,530 | |
| Financial charges | 65/66B | €281 | €56 | -€225 | -80.0% |
| Recurring financial charges | 65 | €281 | €56 | -€225 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €23,654 | -€17,652 | -€41,306 | |
| Income taxes | 67/77 | €4,419 | - | -€4,419 | |
| Profit (loss) for the period | 9904 | €19,235 | -€17,652 | -€36,887 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,235 | -€17,652 | -€36,887 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.