ADB ENGINEERING: 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.
ADB ENGINEERING
Largest movements
- Receivables within one year -€5,929
down €5,929 (-47.4%), from €12,497 to €6,568
of which Trade receivables: -€4,660
- Tangible fixed assets -€5,878
down €5,878 (-67.7%), from €8,681 to €2,803
- Cash -€4,724
down €4,724 (-100.0%), from €4,724 to €0
mainly Debts after one year (-€14,208) and Net result for the year (-€5,782)
- Stocks and contracts -€1,360
down €1,360 (-84.5%), from €1,610 to €250
- Deferred charges and accrued income +€409
up €409 (+23.8%), from €1,716 to €2,125
- Debts after one year -€14,208
down €14,208 (-8.5%), from €166,990 to €152,782
of which Other amounts payable: -€9,619
- Tax, wage and social debts +€6,062
new in 2024: €6,062
- Profit (loss) carried forward -€5,782
down €5,782 (-2.3%), from -€255,861 to -€261,643
- Trade debts -€2,693
down €2,693 (-38.7%), from €6,953 to €4,260
- Current portion of long-term debt -€871
down €871 (-16.0%), from €5,460 to €4,589
- Taxes +€6,062
new in 2024: €6,062
- Gross operating margin -€4,081
down €4,081 (-36.2%), from €11,269 to €7,188
- Depreciation -€2,441
down €2,441 (-29.3%), from €8,319 to €5,878
- Other operating charges -€542
down €542 (-42.7%), from €1,269 to €727
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 | €29,228 | €11,746 | -€17,482 | -59.8% |
| Fixed assets | 21/28 | €8,681 | €2,803 | -€5,878 | -67.7% |
| Tangible fixed assets | 22/27 | €8,681 | €2,803 | -€5,878 | -67.7% |
| Furniture and vehicles | 24 | €8,681 | €2,803 | -€5,878 | -67.7% |
| Current assets | 29/58 | €20,547 | €8,943 | -€11,604 | -56.5% |
| Stocks and contracts in progress | 3 | €1,610 | €250 | -€1,360 | -84.5% |
| Stocks | 30/36 | €1,610 | €250 | -€1,360 | -84.5% |
| Amounts receivable within one year | 40/41 | €12,497 | €6,568 | -€5,929 | -47.4% |
| Trade receivables | 40 | €11,160 | €6,500 | -€4,660 | -41.8% |
| Other amounts receivable | 41 | €1,337 | €68 | -€1,269 | -94.9% |
| Cash at bank and in hand | 54/58 | €4,724 | €0 | -€4,724 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,716 | €2,125 | +€409 | +23.8% |
| Total equity and liabilities | 10/49 | €29,228 | €11,746 | -€17,482 | -59.8% |
| Equity | 10/15 | -€151,675 | -€157,457 | -€5,782 | -3.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €85,594 | €85,594 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €83,735 | €83,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€255,861 | -€261,643 | -€5,782 | -2.3% |
| Amounts payable | 17/49 | €180,903 | €169,203 | -€11,700 | -6.5% |
| Amounts payable after more than one year | 17 | €166,990 | €152,782 | -€14,208 | -8.5% |
| Financial debts | 170/4 | €4,589 | - | -€4,589 | |
| Other amounts payable | 178/9 | €162,401 | €152,782 | -€9,619 | -5.9% |
| Amounts payable within one year | 42/48 | €12,413 | €14,921 | +€2,508 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €5,460 | €4,589 | -€871 | -16.0% |
| Financial debts | 43 | - | €10 | +€10 | |
| Credit institutions | 430/8 | - | €10 | +€10 | |
| Trade debts | 44 | €6,953 | €4,260 | -€2,693 | -38.7% |
| Suppliers | 440/4 | €6,953 | €4,260 | -€2,693 | -38.7% |
| Taxes, remuneration and social security | 45 | - | €6,062 | +€6,062 | |
| Taxes | 450/3 | - | €6,062 | +€6,062 | |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,319 | €5,878 | -€2,441 | -29.3% |
| Other operating charges | 640/8 | €1,269 | €727 | -€542 | -42.7% |
| Gross operating margin | 9900 | €11,269 | €7,188 | -€4,081 | -36.2% |
| Operating profit (loss) | 9901 | €1,681 | €583 | -€1,098 | -65.3% |
| Financial charges | 65/66B | €323 | €303 | -€20 | -6.2% |
| Recurring financial charges | 65 | €323 | €303 | -€20 | -6.2% |
| Non-recurring financial charges | 66B | €323 | €303 | -€20 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €1,358 | €280 | -€1,078 | -79.4% |
| Income taxes | 67/77 | - | €6,062 | +€6,062 | |
| Profit (loss) for the period | 9904 | €1,358 | -€5,782 | -€7,140 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,358 | -€5,782 | -€7,140 |
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 28 September 2026 via checked.be.