AD2KX: 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.
AD2KX
Largest movements
- Stocks and contracts +€15,243
up €15,243 (+43.6%), from €34,956 to €50,199
- Tangible fixed assets -€14,846
down €14,846 (-18.3%), from €81,191 to €66,345
of which Plant, machinery and equipment: -€11,049
- Cash +€3,503
up €3,503 (+170.1%), from €2,059 to €5,562
mainly Short-term financial debts (+€25,847) and Depreciation (+€15,057)
- Receivables within one year +€3,116
up €3,116 (+53.9%), from €5,781 to €8,897
of which Trade receivables: +€4,461
- Short-term financial debts +€25,847
new in 2024: €25,847
- Trade debts -€21,280
down €21,280 (-39.8%), from €53,505 to €32,224
- Debts after one year -€8,537
down €8,537 (-23.9%), from €35,658 to €27,121
- Profit (loss) carried forward +€5,625
up €5,625 (+31.6%), from -€17,776 to -€12,151
- Other debts +€4,600
up €4,600 (+11.0%), from €42,000 to €46,600
- Gross operating margin +€64,302
up €64,302, from -€37,793 to €26,510
- Depreciation +€8,776
up €8,776 (+139.7%), from €6,281 to €15,057
- Taxes -€8,556
down €8,556 (-98.3%), from €8,705 to €148
- Financial charges +€4,438
up €4,438 (+366.1%), from €1,212 to €5,650
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 | €130,234 | €137,039 | +€6,805 | +5.2% |
| Formation expenses | 20 | €1,052 | €841 | -€211 | -20.0% |
| Fixed assets | 21/28 | €84,297 | €69,451 | -€14,846 | -17.6% |
| Tangible fixed assets | 22/27 | €81,191 | €66,345 | -€14,846 | -18.3% |
| Plant, machinery and equipment | 23 | €50,593 | €39,544 | -€11,049 | -21.8% |
| Furniture and vehicles | 24 | €977 | €230 | -€747 | -76.5% |
| Other tangible fixed assets | 26 | €29,621 | €26,571 | -€3,050 | -10.3% |
| Financial fixed assets | 28 | €3,106 | €3,106 | = | 0.0% |
| Current assets | 29/58 | €44,885 | €66,747 | +€21,862 | +48.7% |
| Stocks and contracts in progress | 3 | €34,956 | €50,199 | +€15,243 | +43.6% |
| Stocks | 30/36 | €34,956 | €50,199 | +€15,243 | +43.6% |
| Amounts receivable within one year | 40/41 | €5,781 | €8,897 | +€3,116 | +53.9% |
| Trade receivables | 40 | €4,249 | €8,711 | +€4,461 | +105.0% |
| Other amounts receivable | 41 | €1,532 | €186 | -€1,345 | -87.8% |
| Cash at bank and in hand | 54/58 | €2,059 | €5,562 | +€3,503 | +170.1% |
| Deferred charges and accrued income | 490/1 | €2,089 | €2,089 | = | 0.0% |
| Total equity and liabilities | 10/49 | €130,234 | €137,039 | +€6,805 | +5.2% |
| Equity | 10/15 | -€12,776 | -€7,151 | +€5,625 | +44.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,776 | -€12,151 | +€5,625 | +31.6% |
| Amounts payable | 17/49 | €143,010 | €144,190 | +€1,180 | +0.8% |
| Amounts payable after more than one year | 17 | €35,658 | €27,121 | -€8,537 | -23.9% |
| Financial debts | 170/4 | €35,658 | €27,121 | -€8,537 | -23.9% |
| Amounts payable within one year | 42/48 | €107,352 | €117,070 | +€9,717 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €8,047 | €8,537 | +€490 | +6.1% |
| Financial debts | 43 | - | €25,847 | +€25,847 | |
| Credit institutions | 430/8 | - | €25,847 | +€25,847 | |
| Trade debts | 44 | €53,505 | €32,224 | -€21,280 | -39.8% |
| Suppliers | 440/4 | €53,505 | €32,224 | -€21,280 | -39.8% |
| Taxes, remuneration and social security | 45 | €3,801 | €3,861 | +€60 | +1.6% |
| Taxes | 450/3 | €3,801 | €3,861 | +€60 | +1.6% |
| Other amounts payable | 47/48 | €42,000 | €46,600 | +€4,600 | +11.0% |
| Non-recurring operating income | 76A | €16,086 | €26,000 | +€9,914 | +61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,281 | €15,057 | +€8,776 | +139.7% |
| Other operating charges | 640/8 | €553 | €263 | -€290 | -52.5% |
| Non-recurring operating charges | 66A | €1,701 | - | -€1,701 | |
| Gross operating margin | 9900 | -€37,793 | €26,510 | +€64,302 | |
| Operating profit (loss) | 9901 | -€46,327 | €11,190 | +€57,517 | |
| Financial income | 75/76B | €250 | €233 | -€17 | -6.8% |
| Recurring financial income | 75 | €250 | €233 | -€17 | -6.8% |
| Financial charges | 65/66B | €1,212 | €5,650 | +€4,438 | +366.1% |
| Recurring financial charges | 65 | €1,212 | €5,650 | +€4,438 | +366.1% |
| Profit (loss) for the period before taxes | 9903 | -€47,290 | €5,773 | +€53,063 | |
| Income taxes | 67/77 | €8,705 | €148 | -€8,556 | -98.3% |
| Profit (loss) for the period | 9904 | -€55,994 | €5,625 | +€61,619 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,994 | €5,625 | +€61,619 |
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 5 October 2026 via checked.be.