ADB GROND: 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.
ADB GROND
Largest movements
- Stocks and contracts -€1.8m
down €1.8m (-23.2%), from €7.8m to €6.0m
- Receivables within one year -€1.7m
down €1.7m (-26.2%), from €6.6m to €4.9m
- Profit (loss) carried forward -€1.2m
down €1.2m (-89.4%), from €1.3m to €137,486
- Short-term financial debts -€1.1m
down €1.1m (-26.2%), from €4.3m to €3.2m
- Advances received -€1.1m
down €1.1m (-40.2%), from €2.7m to €1.6m
- Trade debts -€255,719
down €255,719 (-13.6%), from €1.9m to €1.6m
- Gross operating margin +€417,393
up €417,393 (+1,287%), from €32,425 to €449,818
- Financial income -€101,527
no longer reported in 2024 (was €101,527)
- Financial charges +€70,615
up €70,615 (+31.5%), from €223,877 to €294,491
- Taxes +€18,612
up €18,612, from -€810 to €17,802
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.
Derived cash bridge
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 | €14,537,392 | €10,949,000 | -€3.6m | -24.7% |
| Current assets | 29/58 | €14,537,392 | €10,949,000 | -€3.6m | -24.7% |
| Stocks and contracts in progress | 3 | €7,812,849 | €6,000,090 | -€1.8m | -23.2% |
| Stocks | 30/36 | €7,812,849 | €6,000,090 | -€1.8m | -23.2% |
| Amounts receivable within one year | 40/41 | €6,622,291 | €4,886,155 | -€1.7m | -26.2% |
| Other amounts receivable | 41 | €6,622,291 | €4,886,155 | -€1.7m | -26.2% |
| Cash at bank and in hand | 54/58 | €862 | €62,755 | +€61,893 | +7,178% |
| Deferred charges and accrued income | 490/1 | €101,391 | - | -€101,391 | |
| Total equity and liabilities | 10/49 | €14,537,392 | €10,949,000 | -€3.6m | -24.7% |
| Equity | 10/15 | €1,320,484 | €157,946 | -€1.2m | -88.0% |
| 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 | €1,300,024 | €137,486 | -€1.2m | -89.4% |
| Amounts payable | 17/49 | €13,216,908 | €10,791,054 | -€2.4m | -18.4% |
| Amounts payable after more than one year | 17 | €4,271,786 | €4,248,119 | -€23,667 | -0.6% |
| Financial debts | 170/4 | €4,271,786 | €4,248,119 | -€23,667 | -0.6% |
| Amounts payable within one year | 42/48 | €8,945,000 | €6,493,612 | -€2.5m | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €23,289 | €23,667 | +€378 | +1.6% |
| Financial debts | 43 | €4,334,327 | €3,199,105 | -€1.1m | -26.2% |
| Credit institutions | 430/8 | €4,334,327 | €3,199,105 | -€1.1m | -26.2% |
| Trade debts | 44 | €1,881,349 | €1,625,630 | -€255,719 | -13.6% |
| Suppliers | 440/4 | €1,881,349 | €1,625,630 | -€255,719 | -13.6% |
| Advances received on contracts in progress | 46 | €2,685,035 | €1,605,990 | -€1.1m | -40.2% |
| Taxes, remuneration and social security | 45 | - | €17,802 | +€17,802 | |
| Taxes | 450/3 | - | €17,802 | +€17,802 | |
| Other amounts payable | 47/48 | €21,000 | €21,417 | +€417 | +2.0% |
| Accrued charges and deferred income | 492/3 | €122 | €49,323 | +€49,201 | +40,368% |
| Other operating charges | 640/8 | €11 | €62 | +€51 | +489% |
| Gross operating margin | 9900 | €32,425 | €449,818 | +€417,393 | +1,287% |
| Operating profit (loss) | 9901 | €32,415 | €449,756 | +€417,341 | +1,288% |
| Financial income | 75/76B | €101,527 | - | -€101,527 | |
| Recurring financial income | 75 | €101,527 | - | -€101,527 | |
| Financial charges | 65/66B | €223,877 | €294,491 | +€70,615 | +31.5% |
| Recurring financial charges | 65 | €223,877 | €294,491 | +€70,615 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | -€89,935 | €155,264 | +€245,199 | |
| Income taxes | 67/77 | -€810 | €17,802 | +€18,612 | |
| Profit (loss) for the period | 9904 | -€89,125 | €137,462 | +€226,587 | |
| Profit (loss) for the period to be appropriated | 9905 | -€89,125 | €137,462 | +€226,587 |
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 13 October 2026 via checked.be.