ADEM COBAN: what changed
ADEM COBAN
Largest movements
- Receivables within one year +€52,070
up €52,070 (+33.9%), from €153,650 to €205,720
of which Trade receivables: +€31,888
- Cash -€15,730
down €15,730 (-55.4%), from €28,410 to €12,680
mainly Receivables within one year (-€52,070) and Debts after one year (-€8,823)
- Tangible fixed assets -€10,471
down €10,471 (-8.9%), from €117,723 to €107,253
of which Other tangible fixed assets: -€6,617
- Profit (loss) carried forward +€23,844
up €23,844 (+216%), from €11,017 to €34,860
- Debts after one year -€8,823
down €8,823 (-9.6%), from €91,908 to €83,085
- Tax, wage and social debts +€8,349
up €8,349 (+37.8%), from €22,073 to €30,422
- Turnover +€26,462
up €26,462 (+8.2%), from €323,671 to €350,133
- Gross operating margin +€24,367
up €24,367 (+74.1%), from €32,890 to €57,257
- Taxes +€4,495
up €4,495 (+57.7%), from €7,791 to €12,286
- Financial income -€4,106
no longer reported in 2023 (was €4,106)
Change in the result, 2022 to 2023
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 2022 and 2023 balance sheets and the 2023 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 | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,497 | €327,366 | +€25,869 | +8.6% |
| Fixed assets | 21/28 | €119,148 | €108,678 | -€10,471 | -8.8% |
| Tangible fixed assets | 22/27 | €117,723 | €107,253 | -€10,471 | -8.9% |
| Plant, machinery and equipment | 23 | €2,405 | €561 | -€1,844 | -76.7% |
| Furniture and vehicles | 24 | €9,440 | €7,431 | -€2,009 | -21.3% |
| Other tangible fixed assets | 26 | €105,878 | €99,261 | -€6,617 | -6.3% |
| Financial fixed assets | 28 | €1,425 | €1,425 | = | 0.0% |
| Current assets | 29/58 | €182,349 | €218,689 | +€36,340 | +19.9% |
| Amounts receivable within one year | 40/41 | €153,650 | €205,720 | +€52,070 | +33.9% |
| Trade receivables | 40 | €45,142 | €77,030 | +€31,888 | +70.6% |
| Other amounts receivable | 41 | €108,508 | €128,690 | +€20,182 | +18.6% |
| Cash at bank and in hand | 54/58 | €28,410 | €12,680 | -€15,730 | -55.4% |
| Deferred charges and accrued income | 490/1 | €289 | €289 | = | 0.0% |
| Total equity and liabilities | 10/49 | €301,497 | €327,366 | +€25,869 | +8.6% |
| Equity | 10/15 | €159,077 | €182,920 | +€23,844 | +15.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €141,860 | €141,860 | = | 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% |
| Distributable reserves | 133 | €140,000 | €140,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,017 | €34,860 | +€23,844 | +216% |
| Amounts payable | 17/49 | €142,420 | €144,446 | +€2,026 | +1.4% |
| Amounts payable after more than one year | 17 | €91,908 | €83,085 | -€8,823 | -9.6% |
| Financial debts | 170/4 | €91,908 | €83,085 | -€8,823 | -9.6% |
| Amounts payable within one year | 42/48 | €50,512 | €61,361 | +€10,849 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €7,307 | €8,823 | +€1,516 | +20.7% |
| Trade debts | 44 | €21,131 | €22,115 | +€984 | +4.7% |
| Suppliers | 440/4 | €21,131 | €22,115 | +€984 | +4.7% |
| Taxes, remuneration and social security | 45 | €22,073 | €30,422 | +€8,349 | +37.8% |
| Taxes | 450/3 | €22,073 | €30,422 | +€8,349 | +37.8% |
| Turnover | 70 | €323,671 | €350,133 | +€26,462 | +8.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €290,781 | €292,876 | +€2,095 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,067 | €10,471 | +€1,404 | +15.5% |
| Other operating charges | 640/8 | €6,544 | €4,876 | -€1,669 | -25.5% |
| Gross operating margin | 9900 | €32,890 | €57,257 | +€24,367 | +74.1% |
| Operating profit (loss) | 9901 | €17,278 | €41,910 | +€24,632 | +143% |
| Financial income | 75/76B | €4,106 | - | -€4,106 | |
| Recurring financial income | 75 | €4,106 | - | -€4,106 | |
| Financial charges | 65/66B | €4,407 | €5,781 | +€1,373 | +31.2% |
| Recurring financial charges | 65 | €4,407 | €5,781 | +€1,373 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €16,976 | €36,130 | +€19,153 | +113% |
| Income taxes | 67/77 | €7,791 | €12,286 | +€4,495 | +57.7% |
| Profit (loss) for the period | 9904 | €9,186 | €23,844 | +€14,658 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €9,186 | €23,844 | +€14,658 | +160% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.