Addecon Associates: what changed
Addecon Associates
Largest movements
- Cash +€49,050
up €49,050 (+7,891%), from €622 to €49,671
mainly Tax, wage and social debts (+€60,065) and Trade debts (+€32,092)
- Receivables within one year +€39,848
up €39,848 (+101%), from €39,605 to €79,453
of which Other amounts receivable: +€28,511
- Tangible fixed assets +€4,904
up €4,904 (+329%), from €1,491 to €6,395
- Stocks and contracts -€3,745
no longer reported in 2024 (was €3,745)
- Tax, wage and social debts +€60,065
up €60,065 (+416%), from €14,433 to €74,498
of which Remuneration and social security: +€36,597
- Trade debts +€32,092
up €32,092 (+89.3%), from €35,936 to €68,028
- Profit (loss) carried forward -€2,287
down €2,287 (-18.1%), from -€12,630 to -€14,917
- Staff costs +€84,965
new in 2024: €84,965
- Gross operating margin +€80,718
up €80,718 (+972%), from €8,305 to €89,023
- Other operating charges +€1,649
up €1,649 (+89.0%), from €1,853 to €3,502
- Depreciation +€1,532
up €1,532 (+1,718%), from €89 to €1,621
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,798 | €135,668 | +€89,870 | +196% |
| Fixed assets | 21/28 | €1,585 | €6,489 | +€4,904 | +310% |
| Tangible fixed assets | 22/27 | €1,491 | €6,395 | +€4,904 | +329% |
| Plant, machinery and equipment | 23 | €1,491 | €6,395 | +€4,904 | +329% |
| Financial fixed assets | 28 | €94 | €94 | = | 0.0% |
| Current assets | 29/58 | €44,213 | €129,179 | +€84,966 | +192% |
| Stocks and contracts in progress | 3 | €3,745 | - | -€3,745 | |
| Stocks | 30/36 | €3,745 | - | -€3,745 | |
| Amounts receivable within one year | 40/41 | €39,605 | €79,453 | +€39,848 | +101% |
| Trade receivables | 40 | €6,745 | €18,082 | +€11,337 | +168% |
| Other amounts receivable | 41 | €32,861 | €61,371 | +€28,511 | +86.8% |
| Cash at bank and in hand | 54/58 | €622 | €49,671 | +€49,050 | +7,891% |
| Deferred charges and accrued income | 490/1 | €241 | €55 | -€186 | -77.4% |
| Total equity and liabilities | 10/49 | €45,798 | €135,668 | +€89,870 | +196% |
| Equity | 10/15 | -€4,571 | -€6,858 | -€2,287 | -50.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 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% |
| Profit (loss) carried forward | 14 | -€12,630 | -€14,917 | -€2,287 | -18.1% |
| Amounts payable | 17/49 | €50,369 | €142,526 | +€92,157 | +183% |
| Amounts payable within one year | 42/48 | €50,369 | €142,526 | +€92,157 | +183% |
| Trade debts | 44 | €35,936 | €68,028 | +€32,092 | +89.3% |
| Suppliers | 440/4 | €35,936 | €68,028 | +€32,092 | +89.3% |
| Taxes, remuneration and social security | 45 | €14,433 | €74,498 | +€60,065 | +416% |
| Taxes | 450/3 | €14,433 | €37,901 | +€23,468 | +163% |
| Remuneration and social security | 454/9 | - | €36,597 | +€36,597 | |
| Remuneration, social security and pensions | 62 | - | €84,965 | +€84,965 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89 | €1,621 | +€1,532 | +1,718% |
| Other operating charges | 640/8 | €1,853 | €3,502 | +€1,649 | +89.0% |
| Gross operating margin | 9900 | €8,305 | €89,023 | +€80,718 | +972% |
| Operating profit (loss) | 9901 | €6,363 | -€1,065 | -€7,427 | |
| Financial income | 75/76B | €246 | - | -€246 | |
| Recurring financial income | 75 | €246 | - | -€246 | |
| Financial charges | 65/66B | €503 | €1,222 | +€719 | +143% |
| Recurring financial charges | 65 | €503 | €1,222 | +€719 | +143% |
| Profit (loss) for the period before taxes | 9903 | €6,106 | -€2,287 | -€8,393 | |
| Profit (loss) for the period | 9904 | €6,106 | -€2,287 | -€8,393 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,106 | -€2,287 | -€8,393 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.