ADFO: 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.
ADFO
Largest movements
- Receivables within one year +€1,170
up €1,170 (+287%), from €408 to €1,578
- Cash +€58
up €58 (+6.7%), from €875 to €933
mainly Other debts (+€1,237) and Net result for the year (+€559)
- Other debts +€1,237
up €1,237 (+2.7%), from €45,659 to €46,896
- Trade debts -€568
no longer reported in 2023 (was €568)
- Profit (loss) carried forward +€559
up €559 (+1.1%), from -€50,715 to -€50,157
- Gross operating margin +€6,929
up €6,929, from -€6,018 to €911
- Other operating charges -€440
down €440 (-72.3%), from €609 to €169
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,122 | €3,350 | +€1,228 | +57.9% |
| Current assets | 29/58 | €2,122 | €3,350 | +€1,228 | +57.9% |
| Amounts receivable within one year | 40/41 | €408 | €1,578 | +€1,170 | +287% |
| Other amounts receivable | 41 | €408 | €1,578 | +€1,170 | +287% |
| Cash at bank and in hand | 54/58 | €875 | €933 | +€58 | +6.7% |
| Deferred charges and accrued income | 490/1 | €839 | €839 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,122 | €3,350 | +€1,228 | +57.9% |
| Equity | 10/15 | -€44,465 | -€43,907 | +€559 | +1.3% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,715 | -€50,157 | +€559 | +1.1% |
| Amounts payable | 17/49 | €46,587 | €47,257 | +€670 | +1.4% |
| Amounts payable within one year | 42/48 | €46,587 | €47,257 | +€670 | +1.4% |
| Trade debts | 44 | €568 | - | -€568 | |
| Suppliers | 440/4 | €568 | - | -€568 | |
| Taxes, remuneration and social security | 45 | €361 | €361 | = | 0.0% |
| Taxes | 450/3 | €361 | €361 | = | 0.0% |
| Other amounts payable | 47/48 | €45,659 | €46,896 | +€1,237 | +2.7% |
| Other operating charges | 640/8 | €609 | €169 | -€440 | -72.3% |
| Gross operating margin | 9900 | -€6,018 | €911 | +€6,929 | |
| Operating profit (loss) | 9901 | -€6,627 | €742 | +€7,369 | |
| Financial charges | 65/66B | €168 | €183 | +€16 | +9.4% |
| Recurring financial charges | 65 | €168 | €183 | +€16 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,795 | €559 | +€7,353 | |
| Profit (loss) for the period | 9904 | -€6,795 | €559 | +€7,353 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,795 | €559 | +€7,353 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.