ADM: 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.
ADM
Largest movements
- Receivables within one year +€7,595
up €7,595 (+65.9%), from €11,523 to €19,118
of which Other amounts receivable: +€13,894
- Cash -€1,984
down €1,984 (-6.0%), from €33,251 to €31,267
mainly Receivables within one year (-€7,595)
- Tangible fixed assets -€1,072
no longer reported in 2023 (was €1,072)
- Tax, wage and social debts +€2,288
up €2,288 (+9.8%), from €23,368 to €25,656
of which Remuneration and social security: +€3,360
- Profit (loss) carried forward +€1,598
up €1,598 (+45.5%), from €3,509 to €5,107
- Trade debts +€653
up €653 (+116.8%), from €559 to €1,212
- Staff costs -€8,938
down €8,938 (-5.0%), from €178,571 to €169,633
- Gross operating margin -€8,767
down €8,767 (-4.7%), from €186,983 to €178,215
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.
Cash bridge derived
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 | €47,236 | €51,775 | +€4,539 | +9.6% |
| Fixed assets | 21/28 | €2,462 | €1,390 | -€1,072 | -43.5% |
| Tangible fixed assets | 22/27 | €1,072 | - | -€1,072 | |
| Plant, machinery and equipment | 23 | €1,072 | - | -€1,072 | |
| Financial fixed assets | 28 | €1,390 | €1,390 | = | 0.0% |
| Current assets | 29/58 | €44,774 | €50,385 | +€5,611 | +12.5% |
| Amounts receivable within one year | 40/41 | €11,523 | €19,118 | +€7,595 | +65.9% |
| Trade receivables | 40 | €9,082 | €2,783 | -€6,299 | -69.4% |
| Other amounts receivable | 41 | €2,441 | €16,335 | +€13,894 | +569.2% |
| Cash at bank and in hand | 54/58 | €33,251 | €31,267 | -€1,984 | -6.0% |
| Total equity and liabilities | 10/49 | €47,236 | €51,775 | +€4,539 | +9.6% |
| Equity | 10/15 | €23,309 | €24,907 | +€1,598 | +6.9% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Reserves | 13 | €600 | €600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,509 | €5,107 | +€1,598 | +45.5% |
| Amounts payable | 17/49 | €23,927 | €26,868 | +€2,941 | +12.3% |
| Amounts payable within one year | 42/48 | €23,927 | €26,868 | +€2,941 | +12.3% |
| Trade debts | 44 | €559 | €1,212 | +€653 | +116.8% |
| Suppliers | 440/4 | €559 | €1,212 | +€653 | +116.8% |
| Taxes, remuneration and social security | 45 | €23,368 | €25,656 | +€2,288 | +9.8% |
| Taxes | 450/3 | €1,071 | - | -€1,071 | |
| Remuneration and social security | 454/9 | €22,297 | €25,656 | +€3,360 | +15.1% |
| Remuneration, social security and pensions | 62 | €178,571 | €169,633 | -€8,938 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,072 | €1,072 | -€0 | 0.0% |
| Other operating charges | 640/8 | €30 | €611 | +€581 | +1935.0% |
| Non-recurring operating charges | 66A | €579 | €2,400 | +€1,821 | +314.8% |
| Gross operating margin | 9900 | €186,983 | €178,215 | -€8,767 | -4.7% |
| Operating profit (loss) | 9901 | €6,731 | €4,500 | -€2,232 | -33.2% |
| Financial charges | 65/66B | €200 | €283 | +€83 | +41.6% |
| Recurring financial charges | 65 | €200 | €283 | +€83 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | €6,531 | €4,217 | -€2,315 | -35.4% |
| Income taxes | 67/77 | €3,571 | €2,619 | -€952 | -26.7% |
| Profit (loss) for the period | 9904 | €2,960 | €1,598 | -€1,363 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,960 | €1,598 | -€1,363 | -46.0% |
Source: filed annual accounts (NBB), financial years ended 31 August 2022 and 31 August 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.