ADESKO ENGINEERING & CONSTRUCTION: 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.
ADESKO ENGINEERING & CONSTRUCTION
Largest movements
- Receivables within one year -€352,934
down €352,934 (-52.5%), from €672,042 to €319,109
of which Other amounts receivable: -€236,155
- Stocks and contracts -€65,000
down €65,000 (-72.2%), from €90,000 to €25,000
- Cash -€38,903
down €38,903 (-46.5%), from €83,578 to €44,675
mainly Other debts (-€271,343) and Trade debts (-€105,120)
- Intangible fixed assets -€14,290
down €14,290 (-50.0%), from €28,577 to €14,287
- Other debts -€271,343
down €271,343 (-57.8%), from €469,175 to €197,832
- Trade debts -€105,120
down €105,120 (-44.6%), from €235,704 to €130,584
- Profit (loss) carried forward -€69,644
down €69,644 (-76.3%), from -€91,291 to -€160,936
- Debts after one year -€35,000
down €35,000 (-17.5%), from €200,000 to €165,000
- Tax, wage and social debts +€14,884
up €14,884 (+67.2%), from €22,144 to €37,028
of which Remuneration and social security: +€8,985
- Gross operating margin -€50,037
down €50,037 (-20.4%), from €245,842 to €195,805
- Staff costs +€13,952
up €13,952 (+6.1%), from €228,522 to €242,474
- Depreciation +€7,546
up €7,546 (+52.2%), from €14,450 to €21,996
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 | €935,875 | €469,652 | -€466,223 | -49.8% |
| Fixed assets | 21/28 | €90,077 | €80,868 | -€9,209 | -10.2% |
| Intangible fixed assets | 21 | €28,577 | €14,287 | -€14,290 | -50.0% |
| Tangible fixed assets | 22/27 | €61,500 | €66,581 | +€5,081 | +8.3% |
| Plant, machinery and equipment | 23 | €61,500 | €66,581 | +€5,081 | +8.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €845,798 | €388,784 | -€457,015 | -54.0% |
| Stocks and contracts in progress | 3 | €90,000 | €25,000 | -€65,000 | -72.2% |
| Stocks | 30/36 | €90,000 | €25,000 | -€65,000 | -72.2% |
| Amounts receivable within one year | 40/41 | €672,042 | €319,109 | -€352,934 | -52.5% |
| Trade receivables | 40 | €410,353 | €293,575 | -€116,778 | -28.5% |
| Other amounts receivable | 41 | €261,689 | €25,534 | -€236,155 | -90.2% |
| Cash at bank and in hand | 54/58 | €83,578 | €44,675 | -€38,903 | -46.5% |
| Deferred charges and accrued income | 490/1 | €178 | €0 | -€178 | -100.0% |
| Total equity and liabilities | 10/49 | €935,875 | €469,652 | -€466,223 | -49.8% |
| Equity | 10/15 | €8,709 | -€60,936 | -€69,644 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,291 | -€160,936 | -€69,644 | -76.3% |
| Amounts payable | 17/49 | €927,167 | €530,588 | -€396,579 | -42.8% |
| Amounts payable after more than one year | 17 | €200,000 | €165,000 | -€35,000 | -17.5% |
| Other amounts payable | 178/9 | €200,000 | €165,000 | -€35,000 | -17.5% |
| Amounts payable within one year | 42/48 | €727,167 | €365,588 | -€361,579 | -49.7% |
| Financial debts | 43 | €144 | €144 | = | 0.0% |
| Credit institutions | 430/8 | €144 | €144 | = | 0.0% |
| Trade debts | 44 | €235,704 | €130,584 | -€105,120 | -44.6% |
| Suppliers | 440/4 | €235,704 | €130,584 | -€105,120 | -44.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €22,144 | €37,028 | +€14,884 | +67.2% |
| Taxes | 450/3 | €1,339 | €7,238 | +€5,899 | +440.6% |
| Remuneration and social security | 454/9 | €20,805 | €29,790 | +€8,985 | +43.2% |
| Other amounts payable | 47/48 | €469,175 | €197,832 | -€271,343 | -57.8% |
| Remuneration, social security and pensions | 62 | €228,522 | €242,474 | +€13,952 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,450 | €21,996 | +€7,546 | +52.2% |
| Other operating charges | 640/8 | €493 | €505 | +€12 | +2.4% |
| Gross operating margin | 9900 | €245,842 | €195,805 | -€50,037 | -20.4% |
| Operating profit (loss) | 9901 | €2,377 | -€69,170 | -€71,547 | |
| Financial income | 75/76B | €119 | €176 | +€57 | +47.6% |
| Recurring financial income | 75 | €119 | €176 | +€57 | +47.6% |
| Financial charges | 65/66B | €1,761 | €650 | -€1,111 | -63.1% |
| Recurring financial charges | 65 | €1,761 | €650 | -€1,111 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | €736 | -€69,644 | -€70,380 | |
| Profit (loss) for the period | 9904 | €736 | -€69,644 | -€70,380 | |
| Profit (loss) for the period to be appropriated | 9905 | €736 | -€69,644 | -€70,380 |
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 1 October 2026 via checked.be.