ADHAM-TEX: 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.
What changed
ADHAM-TEX
NACE 46.419, Wholesale trade
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€72,116
2023 · €81,944-€9,828
Equity
€71,793
2023 · €69,647+€2,146
Cash
€6,071
2023 · €3,545+€2,526
Balance sheet total
€2.9m
2023 · €2.4m+€444,724
Largest movements
Assets
- Stocks and contracts +€362,466
up €362,466 (+35.3%), from €1.0m to €1.4m
- Receivables within one year +€83,251
up €83,251 (+6.2%), from €1.4m to €1.4m
of which Trade receivables: +€127,211
Equity and liabilities
- Trade debts +€417,058
up €417,058 (+19.0%), from €2.2m to €2.6m
- Tax, wage and social debts +€34,707
up €34,707 (+38.2%), from €90,933 to €125,640
of which Taxes: +€22,126
Income statement
- Staff costs +€9,219
up €9,219 (+2.9%), from €315,486 to €324,706
- Gross operating margin -€8,002
down €8,002 (-1.8%), from €438,107 to €430,105
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.
Result 2023
€81,944
Gross operating margin
-€8,002
Staff costs
-€9,219
Depreciation
-€1,676
Other operating charges
+€4,075
Other operating items
+€2,313
Financial income
+€104
Financial charges
-€1,250
Taxes
+€3,826
Result 2024
€72,116
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€72,496
Investment
€0
Financing
-€69,970
Cash 2023
€3,545
From operations (derived)
+€72,496
Net result for the year
+€72,116
Depreciation
+€7,248
Stocks and contracts
-€362,466
Receivables within one year
-€83,251
Deferred charges and accrued income
-€3,729
Trade debts
+€417,058
Tax, wage and social debts
+€34,707
Other debts
-€9,187
Financing
-€69,970
Contributions, distributions and other
-€69,970
Cash 2024
€6,071
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,435,358 | €2,880,082 | +€444,724 | +18.3% |
| Fixed assets | 21/28 | €33,809 | €26,561 | -€7,248 | -21.4% |
| Tangible fixed assets | 22/27 | €33,809 | €26,561 | -€7,248 | -21.4% |
| Plant, machinery and equipment | 23 | €15,503 | €12,091 | -€3,412 | -22.0% |
| Furniture and vehicles | 24 | €18,305 | €14,470 | -€3,836 | -21.0% |
| Current assets | 29/58 | €2,401,549 | €2,853,521 | +€451,972 | +18.8% |
| Stocks and contracts in progress | 3 | €1,027,737 | €1,390,203 | +€362,466 | +35.3% |
| Stocks | 30/36 | €1,027,737 | €1,390,203 | +€362,466 | +35.3% |
| Amounts receivable within one year | 40/41 | €1,350,609 | €1,433,860 | +€83,251 | +6.2% |
| Trade receivables | 40 | €1,171,848 | €1,299,059 | +€127,211 | +10.9% |
| Other amounts receivable | 41 | €178,761 | €134,802 | -€43,960 | -24.6% |
| Cash at bank and in hand | 54/58 | €3,545 | €6,071 | +€2,526 | +71.2% |
| Deferred charges and accrued income | 490/1 | €19,658 | €23,387 | +€3,729 | +19.0% |
| Total equity and liabilities | 10/49 | €2,435,358 | €2,880,082 | +€444,724 | +18.3% |
| Equity | 10/15 | €69,647 | €71,793 | +€2,146 | +3.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,647 | €61,793 | +€2,146 | +3.6% |
| Amounts payable | 17/49 | €2,365,711 | €2,808,289 | +€442,578 | +18.7% |
| Amounts payable within one year | 42/48 | €2,365,711 | €2,808,289 | +€442,578 | +18.7% |
| Trade debts | 44 | €2,194,287 | €2,611,345 | +€417,058 | +19.0% |
| Suppliers | 440/4 | €2,194,287 | €2,611,345 | +€417,058 | +19.0% |
| Taxes, remuneration and social security | 45 | €90,933 | €125,640 | +€34,707 | +38.2% |
| Taxes | 450/3 | €25,957 | €48,083 | +€22,126 | +85.2% |
| Remuneration and social security | 454/9 | €64,976 | €77,557 | +€12,581 | +19.4% |
| Other amounts payable | 47/48 | €80,491 | €71,304 | -€9,187 | -11.4% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100% |
| Remuneration, social security and pensions | 62 | €315,486 | €324,706 | +€9,219 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,572 | €7,248 | +€1,676 | +30.1% |
| Other operating charges | 640/8 | €6,471 | €2,397 | -€4,075 | -63.0% |
| Non-recurring operating charges | 66A | €2,313 | €0 | -€2,313 | -100% |
| Gross operating margin | 9900 | €438,107 | €430,105 | -€8,002 | -1.8% |
| Operating profit (loss) | 9901 | €108,265 | €95,755 | -€12,509 | -11.6% |
| Financial income | 75/76B | €0 | €104 | +€104 | |
| Recurring financial income | 75 | €0 | €104 | +€104 | |
| Financial charges | 65/66B | €368 | €1,618 | +€1,250 | +339% |
| Recurring financial charges | 65 | €368 | €1,618 | +€1,250 | +339% |
| Profit (loss) for the period before taxes | 9903 | €107,897 | €94,242 | -€13,655 | -12.7% |
| Income taxes | 67/77 | €25,953 | €22,126 | -€3,826 | -14.7% |
| Profit (loss) for the period | 9904 | €81,944 | €72,116 | -€9,828 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,944 | €72,116 | -€9,828 | -12.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.