ADEM EN CO: what changed
What changed
ADEM EN CO
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€24,843
2023 · €121,246-€96,402
Equity
€159,639
2023 · €134,795+€24,843
Cash
€117,023
2023 · €161,792-€44,769
Balance sheet total
€241,444
2023 · €227,121+€14,323
Largest movements
Assets
- Cash -€44,769
down €44,769 (-27.7%), from €161,792 to €117,023
mainly Investment in fixed assets (net) (-€46,236) and Other debts (-€20,665)
- Tangible fixed assets +€38,909
up €38,909 (+80.1%), from €48,583 to €87,492
of which Furniture and vehicles: +€37,498
- Deferred charges and accrued income +€15,400
new in 2024: €15,400
- Receivables within one year +€4,783
up €4,783 (+28.6%), from €16,746 to €21,529
of which Trade receivables: +€4,783
Equity and liabilities
- Profit (loss) carried forward +€24,843
up €24,843 (+28.8%), from -€86,349 to -€61,506
- Other debts -€20,665
down €20,665 (-54.3%), from €38,054 to €17,389
- Trade debts +€15,033
new in 2024: €15,033
- Current portion of long-term debt -€5,113
no longer reported in 2024 (was €5,113)
Income statement
- Gross operating margin -€172,572
down €172,572 (-82.3%), from €209,762 to €37,191
- Depreciation -€6,698
down €6,698 (-47.8%), from €14,024 to €7,327
- Other operating charges +€3,260
up €3,260 (+335%), from €973 to €4,233
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.
Result 2023
€121,246
Gross operating margin
-€172,572
Depreciation
+€6,698
Other operating charges
-€3,260
Other operating items
+€24,138
Financial income
+€207
Financial charges
-€519
Taxes
-€20
Deferred taxes and other
+€48,925
Result 2024
€24,843
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€6,580
Investment
-€46,236
Financing
-€5,113
Cash 2023
€161,792
From operations (derived)
+€6,580
Net result for the year
+€24,843
Depreciation
+€7,327
Receivables within one year
-€4,783
Deferred charges and accrued income
-€15,400
Trade debts
+€15,033
Tax, wage and social debts
+€20
Other debts
-€20,665
Accrued charges and deferred income
+€205
Investment (derived)
-€46,236
Investment in fixed assets (net)
-€46,236
Financing
-€5,113
Current portion of long-term debt
-€5,113
Cash 2024
€117,023
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,121 | €241,444 | +€14,323 | +6.3% |
| Fixed assets | 21/28 | €48,583 | €87,492 | +€38,909 | +80.1% |
| Tangible fixed assets | 22/27 | €48,583 | €87,492 | +€38,909 | +80.1% |
| Land and buildings | 22 | €45,182 | €46,753 | +€1,571 | +3.5% |
| Plant, machinery and equipment | 23 | €3,170 | €3,010 | -€160 | -5.0% |
| Furniture and vehicles | 24 | €231 | €37,729 | +€37,498 | +16,216% |
| Current assets | 29/58 | €178,538 | €153,952 | -€24,586 | -13.8% |
| Amounts receivable within one year | 40/41 | €16,746 | €21,529 | +€4,783 | +28.6% |
| Trade receivables | 40 | - | €4,783 | +€4,783 | |
| Other amounts receivable | 41 | €16,746 | €16,746 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €161,792 | €117,023 | -€44,769 | -27.7% |
| Deferred charges and accrued income | 490/1 | - | €15,400 | +€15,400 | |
| Total equity and liabilities | 10/49 | €227,121 | €241,444 | +€14,323 | +6.3% |
| Equity | 10/15 | €134,795 | €159,639 | +€24,843 | +18.4% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | - | -€74,368 | |
| Issued capital | 100 | €74,368 | - | -€74,368 | |
| Contributions outside capital | 11 | - | €74,368 | +€74,368 | |
| Other | 1109/19 | - | €74,368 | +€74,368 | |
| Reserves | 13 | €146,776 | €146,776 | = | 0.0% |
| Tax-exempt reserves | 132 | €146,776 | €146,776 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,349 | -€61,506 | +€24,843 | +28.8% |
| Provisions and deferred taxes | 16 | €48,925 | €48,925 | = | 0.0% |
| Deferred taxes | 168 | €48,925 | €48,925 | = | 0.0% |
| Amounts payable | 17/49 | €43,400 | €32,880 | -€10,520 | -24.2% |
| Amounts payable within one year | 42/48 | €43,400 | €32,675 | -€10,725 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €5,113 | - | -€5,113 | |
| Trade debts | 44 | - | €15,033 | +€15,033 | |
| Suppliers | 440/4 | - | €15,033 | +€15,033 | |
| Taxes, remuneration and social security | 45 | €233 | €253 | +€20 | +8.4% |
| Taxes | 450/3 | €233 | €253 | +€20 | +8.4% |
| Other amounts payable | 47/48 | €38,054 | €17,389 | -€20,665 | -54.3% |
| Accrued charges and deferred income | 492/3 | - | €205 | +€205 | |
| Non-recurring operating income | 76A | €195,702 | - | -€195,702 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,024 | €7,327 | -€6,698 | -47.8% |
| Other operating charges | 640/8 | €973 | €4,233 | +€3,260 | +335% |
| Non-recurring operating charges | 66A | €24,138 | - | -€24,138 | |
| Gross operating margin | 9900 | €209,762 | €37,191 | -€172,572 | -82.3% |
| Operating profit (loss) | 9901 | €170,627 | €25,631 | -€144,996 | -85.0% |
| Financial income | 75/76B | - | €207 | +€207 | |
| Recurring financial income | 75 | - | €207 | +€207 | |
| Financial charges | 65/66B | €223 | €742 | +€519 | +233% |
| Recurring financial charges | 65 | €223 | €742 | +€519 | +233% |
| Profit (loss) for the period before taxes | 9903 | €170,404 | €25,096 | -€145,308 | -85.3% |
| Transfer to deferred taxes | 680 | €48,925 | - | -€48,925 | |
| Income taxes | 67/77 | €233 | €253 | +€20 | +8.4% |
| Profit (loss) for the period | 9904 | €121,246 | €24,843 | -€96,402 | -79.5% |
| Transfer to tax-exempt reserves | 689 | €146,776 | - | -€146,776 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,531 | €24,843 | +€50,374 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.