ADKOSY: 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.
ADKOSY
Largest movements
- Receivables within one year +€361,970
up €361,970 (+74.6%), from €485,402 to €847,371
of which Other amounts receivable: +€238,446
- Receivables after one year -€42,000
down €42,000 (-12.1%), from €348,000 to €306,000
- Current investments +€40,000
up €40,000 (+20.0%), from €200,000 to €240,000
- Reserves +€198,270
up €198,270 (+34.0%), from €583,260 to €781,530
of which Tax-exempt reserves: +€105,250
- Other debts +€114,445
up €114,445 (+47.0%), from €243,609 to €358,054
- Trade debts +€40,084
up €40,084 (+73.5%), from €54,526 to €94,609
- Tax, wage and social debts +€33,162
up €33,162 (+62.3%), from €53,260 to €86,422
- Debts after one year -€20,093
down €20,093 (-28.2%), from €71,179 to €51,086
- Gross operating margin +€125,391
up €125,391 (+37.6%), from €333,750 to €459,141
- Taxes -€43,750
down €43,750 (-48.9%), from €89,499 to €45,748
- Financial income +€10,507
up €10,507 (+77.7%), from €13,514 to €24,021
- Depreciation +€6,343
up €6,343 (+37.0%), from €17,133 to €23,476
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 | €1,193,599 | €1,571,153 | +€377,553 | +31.6% |
| Fixed assets | 21/28 | €130,349 | €136,941 | +€6,591 | +5.1% |
| Tangible fixed assets | 22/27 | €130,349 | €136,941 | +€6,591 | +5.1% |
| Furniture and vehicles | 24 | €3,066 | €26,683 | +€23,617 | +770.2% |
| Other tangible fixed assets | 26 | €127,283 | €110,257 | -€17,026 | -13.4% |
| Current assets | 29/58 | €1,063,250 | €1,434,212 | +€370,962 | +34.9% |
| Amounts receivable after more than one year | 29 | €348,000 | €306,000 | -€42,000 | -12.1% |
| Other amounts receivable | 291 | €348,000 | €306,000 | -€42,000 | -12.1% |
| Amounts receivable within one year | 40/41 | €485,402 | €847,371 | +€361,970 | +74.6% |
| Trade receivables | 40 | €393,612 | €517,135 | +€123,524 | +31.4% |
| Other amounts receivable | 41 | €91,790 | €330,236 | +€238,446 | +259.8% |
| Current investments | 50/53 | €200,000 | €240,000 | +€40,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €4,179 | €7,336 | +€3,157 | +75.6% |
| Deferred charges and accrued income | 490/1 | €25,670 | €33,505 | +€7,835 | +30.5% |
| Total equity and liabilities | 10/49 | €1,193,599 | €1,571,153 | +€377,553 | +31.6% |
| Equity | 10/15 | €730,619 | €928,890 | +€198,270 | +27.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €583,260 | €781,530 | +€198,270 | +34.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €252,600 | €357,850 | +€105,250 | +41.7% |
| Distributable reserves | 133 | €320,660 | €413,680 | +€93,020 | +29.0% |
| Profit (loss) carried forward | 14 | €47,359 | €47,359 | = | 0.0% |
| Amounts payable | 17/49 | €462,980 | €642,263 | +€179,283 | +38.7% |
| Amounts payable after more than one year | 17 | €71,179 | €51,086 | -€20,093 | -28.2% |
| Financial debts | 170/4 | €71,179 | €51,086 | -€20,093 | -28.2% |
| Amounts payable within one year | 42/48 | €371,295 | €559,178 | +€187,883 | +50.6% |
| Financial debts | 43 | €19,900 | €20,093 | +€193 | +1.0% |
| Credit institutions | 430/8 | €19,900 | €20,093 | +€193 | +1.0% |
| Trade debts | 44 | €54,526 | €94,609 | +€40,084 | +73.5% |
| Suppliers | 440/4 | €54,526 | €94,609 | +€40,084 | +73.5% |
| Taxes, remuneration and social security | 45 | €53,260 | €86,422 | +€33,162 | +62.3% |
| Taxes | 450/3 | €53,260 | €86,422 | +€33,162 | +62.3% |
| Other amounts payable | 47/48 | €243,609 | €358,054 | +€114,445 | +47.0% |
| Accrued charges and deferred income | 492/3 | €20,506 | €31,999 | +€11,493 | +56.0% |
| Non-recurring operating income | 76A | €3,542 | - | -€3,542 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,133 | €23,476 | +€6,343 | +37.0% |
| Other operating charges | 640/8 | €615 | €551 | -€65 | -10.5% |
| Gross operating margin | 9900 | €333,750 | €459,141 | +€125,391 | +37.6% |
| Operating profit (loss) | 9901 | €316,002 | €435,115 | +€119,113 | +37.7% |
| Financial income | 75/76B | €13,514 | €24,021 | +€10,507 | +77.7% |
| Recurring financial income | 75 | €13,514 | €24,021 | +€10,507 | +77.7% |
| Financial charges | 65/66B | €12,410 | €15,117 | +€2,707 | +21.8% |
| Recurring financial charges | 65 | €12,410 | €15,117 | +€2,707 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €317,106 | €444,018 | +€126,912 | +40.0% |
| Income taxes | 67/77 | €89,499 | €45,748 | -€43,750 | -48.9% |
| Profit (loss) for the period | 9904 | €227,608 | €398,270 | +€170,663 | +75.0% |
| Transfer to tax-exempt reserves | 689 | €168,400 | €105,250 | -€63,150 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,208 | €293,020 | +€233,813 | +394.9% |
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 2 October 2026 via checked.be.