ADAZ Construct: 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.
ADAZ Construct
Largest movements
- Receivables within one year +€12,237
up €12,237 (+270.4%), from €4,525 to €16,762
of which Trade receivables: +€11,331
- Tangible fixed assets +€8,166
up €8,166 (+94.4%), from €8,654 to €16,821
of which Furniture and vehicles: +€9,819
- Cash -€2,940
down €2,940 (-36.6%), from €8,023 to €5,083
mainly Investment in fixed assets (net) (-€15,250) and Receivables within one year (-€12,237)
- Other debts +€5,825
up €5,825 (+87.3%), from €6,671 to €12,495
- Trade debts +€5,285
up €5,285 (+1021.0%), from €518 to €5,802
- Advances received +€3,880
up €3,880 (+63.7%), from €6,095 to €9,975
- Tax, wage and social debts +€1,312
new in 2024: €1,312
of which Remuneration and social security: +€1,000
- Profit (loss) carried forward +€1,162
up €1,162 (+81.9%), from €1,419 to €2,580
- Gross operating margin +€10,018
up €10,018 (+166.9%), from €6,001 to €16,020
- Depreciation +€4,578
up €4,578 (+182.7%), from €2,505 to €7,084
- Other operating charges +€2,142
up €2,142 (+1169.9%), from €183 to €2,325
- Taxes +€401
new in 2024: €401
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 | €21,202 | €38,665 | +€17,463 | +82.4% |
| Fixed assets | 21/28 | €8,654 | €16,821 | +€8,166 | +94.4% |
| Tangible fixed assets | 22/27 | €8,654 | €16,821 | +€8,166 | +94.4% |
| Plant, machinery and equipment | 23 | €4,787 | €3,134 | -€1,653 | -34.5% |
| Furniture and vehicles | 24 | €3,868 | €13,687 | +€9,819 | +253.9% |
| Current assets | 29/58 | €12,548 | €21,844 | +€9,297 | +74.1% |
| Amounts receivable within one year | 40/41 | €4,525 | €16,762 | +€12,237 | +270.4% |
| Trade receivables | 40 | €2,482 | €13,814 | +€11,331 | +456.5% |
| Other amounts receivable | 41 | €2,043 | €2,948 | +€906 | +44.3% |
| Cash at bank and in hand | 54/58 | €8,023 | €5,083 | -€2,940 | -36.6% |
| Total equity and liabilities | 10/49 | €21,202 | €38,665 | +€17,463 | +82.4% |
| Equity | 10/15 | €7,919 | €9,080 | +€1,162 | +14.7% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Capital | 10 | €6,500 | €6,500 | = | 0.0% |
| Issued capital | 100 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,419 | €2,580 | +€1,162 | +81.9% |
| Amounts payable | 17/49 | €13,283 | €29,585 | +€16,302 | +122.7% |
| Amounts payable within one year | 42/48 | €13,283 | €29,585 | +€16,302 | +122.7% |
| Trade debts | 44 | €518 | €5,802 | +€5,285 | +1021.0% |
| Suppliers | 440/4 | €518 | €5,802 | +€5,285 | +1021.0% |
| Advances received on contracts in progress | 46 | €6,095 | €9,975 | +€3,880 | +63.7% |
| Taxes, remuneration and social security | 45 | - | €1,312 | +€1,312 | |
| Taxes | 450/3 | - | €312 | +€312 | |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €6,671 | €12,495 | +€5,825 | +87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,505 | €7,084 | +€4,578 | +182.7% |
| Other operating charges | 640/8 | €183 | €2,325 | +€2,142 | +1169.9% |
| Gross operating margin | 9900 | €6,001 | €16,020 | +€10,018 | +166.9% |
| Operating profit (loss) | 9901 | €3,313 | €6,612 | +€3,299 | +99.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €90 | €49 | -€41 | -45.1% |
| Recurring financial charges | 65 | €90 | €49 | -€41 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €3,223 | €6,562 | +€3,339 | +103.6% |
| Income taxes | 67/77 | - | €401 | +€401 | |
| Profit (loss) for the period | 9904 | €3,223 | €6,162 | +€2,939 | +91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,223 | €6,162 | +€2,939 | +91.2% |
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 1 October 2026 via checked.be.