ADL URSU CONSTRUCT: 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.
ADL URSU CONSTRUCT
Largest movements
- Receivables within one year +€38,097
up €38,097 (+16.2%), from €235,543 to €273,640
of which Other amounts receivable: +€49,416
- Tangible fixed assets -€8,173
down €8,173 (-25.1%), from €32,585 to €24,412
of which Leasing and similar rights: -€6,800
- Profit (loss) carried forward +€35,633
up €35,633 (+18.6%), from €191,114 to €226,747
- Debts after one year -€5,211
down €5,211 (-19.8%), from €26,385 to €21,174
- Turnover -€65,105
down €65,105 (-21.3%), from €305,898 to €240,792
- Purchases and services -€60,042
down €60,042 (-23.5%), from €255,043 to €195,001
- Staff costs -€4,460
down €4,460 (-88.7%), from €5,028 to €568
- Gross operating margin -€4,407
down €4,407 (-6.2%), from €71,331 to €66,924
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €273,361 | €302,335 | +€28,975 | +10.6% |
| Fixed assets | 21/28 | €33,314 | €25,141 | -€8,173 | -24.5% |
| Tangible fixed assets | 22/27 | €32,585 | €24,412 | -€8,173 | -25.1% |
| Furniture and vehicles | 24 | €3,336 | €1,963 | -€1,373 | -41.2% |
| Leasing and similar rights | 25 | €29,249 | €22,449 | -€6,800 | -23.2% |
| Financial fixed assets | 28 | €729 | €729 | = | 0.0% |
| Current assets | 29/58 | €240,046 | €277,194 | +€37,148 | +15.5% |
| Amounts receivable within one year | 40/41 | €235,543 | €273,640 | +€38,097 | +16.2% |
| Trade receivables | 40 | €27,712 | €16,393 | -€11,319 | -40.8% |
| Other amounts receivable | 41 | €207,831 | €257,248 | +€49,416 | +23.8% |
| Cash at bank and in hand | 54/58 | €1,003 | €770 | -€234 | -23.3% |
| Deferred charges and accrued income | 490/1 | €3,500 | €2,784 | -€716 | -20.5% |
| Total equity and liabilities | 10/49 | €273,361 | €302,335 | +€28,975 | +10.6% |
| Equity | 10/15 | €199,174 | €234,807 | +€35,633 | +17.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,114 | €226,747 | +€35,633 | +18.6% |
| Amounts payable | 17/49 | €74,187 | €67,528 | -€6,659 | -9.0% |
| Amounts payable after more than one year | 17 | €26,385 | €21,174 | -€5,211 | -19.8% |
| Financial debts | 170/4 | €26,385 | €21,174 | -€5,211 | -19.8% |
| Amounts payable within one year | 42/48 | €47,802 | €46,355 | -€1,447 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €6,456 | €5,211 | -€1,245 | -19.3% |
| Trade debts | 44 | €15,157 | €15,243 | +€86 | +0.6% |
| Suppliers | 440/4 | €3,871 | €2,918 | -€953 | -24.6% |
| Bills of exchange payable | 441 | €11,286 | €12,325 | +€1,039 | +9.2% |
| Taxes, remuneration and social security | 45 | €26,189 | €25,900 | -€289 | -1.1% |
| Taxes | 450/3 | €26,189 | €25,900 | -€289 | -1.1% |
| Turnover | 70 | €305,898 | €240,792 | -€65,105 | -21.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €255,043 | €195,001 | -€60,042 | -23.5% |
| Remuneration, social security and pensions | 62 | €5,028 | €568 | -€4,460 | -88.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,750 | €8,173 | +€2,423 | +42.1% |
| Other operating charges | 640/8 | €3,951 | €5,061 | +€1,110 | +28.1% |
| Gross operating margin | 9900 | €71,331 | €66,924 | -€4,407 | -6.2% |
| Operating profit (loss) | 9901 | €56,602 | €53,122 | -€3,480 | -6.1% |
| Financial charges | 65/66B | €3,771 | €4,089 | +€318 | +8.4% |
| Recurring financial charges | 65 | €3,771 | €4,089 | +€318 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €52,831 | €49,033 | -€3,797 | -7.2% |
| Income taxes | 67/77 | €13,932 | €13,400 | -€532 | -3.8% |
| Profit (loss) for the period | 9904 | €38,899 | €35,633 | -€3,266 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,899 | €35,633 | -€3,266 | -8.4% |
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.