ADAR: 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.
ADAR
Largest movements
- Stocks and contracts +€51,557
up €51,557 (+38.3%), from €134,496 to €186,053
- Receivables within one year +€16,667
up €16,667 (+74.6%), from €22,352 to €39,020
of which Trade receivables: +€9,797
- Cash +€6,642
up €6,642 (+139.8%), from €4,753 to €11,395
mainly Trade debts (+€43,543) and Net result for the year (+€23,369)
- Trade debts +€43,543
up €43,543 (+59.1%), from €73,696 to €117,238
- Profit (loss) carried forward +€23,369
up €23,369 (+19.5%), from -€119,850 to -€96,480
- Other debts +€18,305
up €18,305 (+10.7%), from €171,471 to €189,776
- Tax, wage and social debts -€12,267
down €12,267 (-77.4%), from €15,841 to €3,574
of which Taxes: -€12,262
- Gross operating margin +€10,072
up €10,072 (+59.2%), from €17,013 to €27,085
- Other operating charges -€1,412
down €1,412 (-69.1%), from €2,044 to €631
- Financial charges +€1,343
up €1,343 (+171.9%), from €781 to €2,124
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 | €163,218 | €237,768 | +€74,550 | +45.7% |
| Fixed assets | 21/28 | €1,300 | €1,300 | = | 0.0% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €161,918 | €236,468 | +€74,550 | +46.0% |
| Stocks and contracts in progress | 3 | €134,496 | €186,053 | +€51,557 | +38.3% |
| Stocks | 30/36 | €134,496 | €186,053 | +€51,557 | +38.3% |
| Amounts receivable within one year | 40/41 | €22,352 | €39,020 | +€16,667 | +74.6% |
| Trade receivables | 40 | €22,352 | €32,149 | +€9,797 | +43.8% |
| Other amounts receivable | 41 | - | €6,871 | +€6,871 | |
| Current investments | 50/53 | €317 | - | -€317 | |
| Cash at bank and in hand | 54/58 | €4,753 | €11,395 | +€6,642 | +139.8% |
| Total equity and liabilities | 10/49 | €163,218 | €237,768 | +€74,550 | +45.7% |
| Equity | 10/15 | -€99,390 | -€76,020 | +€23,369 | +23.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€119,850 | -€96,480 | +€23,369 | +19.5% |
| Amounts payable | 17/49 | €262,608 | €313,788 | +€51,181 | +19.5% |
| Amounts payable within one year | 42/48 | €261,008 | €310,588 | +€49,581 | +19.0% |
| Trade debts | 44 | €73,696 | €117,238 | +€43,543 | +59.1% |
| Suppliers | 440/4 | €73,696 | €117,238 | +€43,543 | +59.1% |
| Taxes, remuneration and social security | 45 | €15,841 | €3,574 | -€12,267 | -77.4% |
| Taxes | 450/3 | €12,262 | - | -€12,262 | |
| Remuneration and social security | 454/9 | €3,579 | €3,574 | -€5 | -0.1% |
| Other amounts payable | 47/48 | €171,471 | €189,776 | +€18,305 | +10.7% |
| Accrued charges and deferred income | 492/3 | €1,600 | €3,200 | +€1,600 | +100.0% |
| Non-recurring operating income | 76A | - | €11,562 | +€11,562 | |
| Other operating charges | 640/8 | €2,044 | €631 | -€1,412 | -69.1% |
| Non-recurring operating charges | 66A | - | €964 | +€964 | |
| Gross operating margin | 9900 | €17,013 | €27,085 | +€10,072 | +59.2% |
| Operating profit (loss) | 9901 | €14,969 | €25,490 | +€10,521 | +70.3% |
| Financial income | 75/76B | €2 | €3 | +€1 | +34.8% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +34.8% |
| Financial charges | 65/66B | €781 | €2,124 | +€1,343 | +171.9% |
| Recurring financial charges | 65 | €781 | €2,124 | +€1,343 | +171.9% |
| Profit (loss) for the period before taxes | 9903 | €14,190 | €23,369 | +€9,179 | +64.7% |
| Profit (loss) for the period | 9904 | €14,190 | €23,369 | +€9,179 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,190 | €23,369 | +€9,179 | +64.7% |
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 11 October 2026 via checked.be.