ADM ELEC: 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 ELEC
Largest movements
- Cash +€318,150
up €318,150 (+148%), from €215,451 to €533,601
mainly Net result for the year (+€216,754) and Debts after one year (+€192,646)
- Tangible fixed assets +€265,416
up €265,416 (+49.3%), from €537,892 to €803,308
of which Land and buildings: +€259,044
- Receivables within one year -€72,672
down €72,672 (-48.5%), from €149,780 to €77,108
of which Trade receivables: -€74,362
- Stocks and contracts -€30,000
down €30,000 (-43.5%), from €69,000 to €39,000
- Reserves +€216,000
up €216,000 (+57.1%), from €378,000 to €594,000
- Debts after one year +€192,646
up €192,646 (+54.9%), from €351,066 to €543,712
- Trade debts +€65,845
up €65,845 (+219%), from €30,105 to €95,950
- Other debts -€24,457
down €24,457 (-63.8%), from €38,362 to €13,904
- Advances received +€15,031
up €15,031 (+10.0%), from €149,969 to €165,000
- Gross operating margin +€196,399
up €196,399 (+61.8%), from €317,788 to €514,187
- Taxes +€51,077
up €51,077 (+113%), from €45,286 to €96,363
- Depreciation +€37,485
up €37,485 (+86.5%), from €43,313 to €80,798
- Staff costs +€33,098
up €33,098 (+47.9%), from €69,141 to €102,240
- Financial charges +€8,264
up €8,264 (+132%), from €6,246 to €14,510
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 | €983,859 | €1,470,464 | +€486,605 | +49.5% |
| Fixed assets | 21/28 | €538,099 | €803,515 | +€265,416 | +49.3% |
| Tangible fixed assets | 22/27 | €537,892 | €803,308 | +€265,416 | +49.3% |
| Land and buildings | 22 | €413,501 | €672,545 | +€259,044 | +62.6% |
| Plant, machinery and equipment | 23 | €38,793 | €44,000 | +€5,207 | +13.4% |
| Furniture and vehicles | 24 | €30,411 | €35,243 | +€4,832 | +15.9% |
| Leasing and similar rights | 25 | €55,187 | €51,520 | -€3,667 | -6.6% |
| Financial fixed assets | 28 | €207 | €207 | = | 0.0% |
| Current assets | 29/58 | €445,760 | €666,949 | +€221,189 | +49.6% |
| Stocks and contracts in progress | 3 | €69,000 | €39,000 | -€30,000 | -43.5% |
| Stocks | 30/36 | €69,000 | €39,000 | -€30,000 | -43.5% |
| Amounts receivable within one year | 40/41 | €149,780 | €77,108 | -€72,672 | -48.5% |
| Trade receivables | 40 | €118,185 | €43,822 | -€74,362 | -62.9% |
| Other amounts receivable | 41 | €31,595 | €33,286 | +€1,690 | +5.4% |
| Cash at bank and in hand | 54/58 | €215,451 | €533,601 | +€318,150 | +148% |
| Deferred charges and accrued income | 490/1 | €11,529 | €17,239 | +€5,711 | +49.5% |
| Total equity and liabilities | 10/49 | €983,859 | €1,470,464 | +€486,605 | +49.5% |
| Equity | 10/15 | €383,059 | €599,813 | +€216,754 | +56.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €378,000 | €594,000 | +€216,000 | +57.1% |
| Distributable reserves | 133 | €378,000 | €594,000 | +€216,000 | +57.1% |
| Profit (loss) carried forward | 14 | €4,559 | €5,313 | +€754 | +16.5% |
| Amounts payable | 17/49 | €600,800 | €870,651 | +€269,850 | +44.9% |
| Amounts payable after more than one year | 17 | €351,066 | €543,712 | +€192,646 | +54.9% |
| Financial debts | 170/4 | €351,066 | €543,712 | +€192,646 | +54.9% |
| Amounts payable within one year | 42/48 | €249,734 | €326,939 | +€77,205 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €30,094 | €39,321 | +€9,227 | +30.7% |
| Trade debts | 44 | €30,105 | €95,950 | +€65,845 | +219% |
| Suppliers | 440/4 | €30,105 | €95,950 | +€65,845 | +219% |
| Advances received on contracts in progress | 46 | €149,969 | €165,000 | +€15,031 | +10.0% |
| Taxes, remuneration and social security | 45 | €1,205 | €12,763 | +€11,559 | +960% |
| Taxes | 450/3 | €286 | €1,363 | +€1,077 | +377% |
| Remuneration and social security | 454/9 | €918 | €11,400 | +€10,482 | +1,141% |
| Other amounts payable | 47/48 | €38,362 | €13,904 | -€24,457 | -63.8% |
| Non-recurring operating income | 76A | €2,579 | - | -€2,579 | |
| Remuneration, social security and pensions | 62 | €69,141 | €102,240 | +€33,098 | +47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,313 | €80,798 | +€37,485 | +86.5% |
| Other operating charges | 640/8 | €4,181 | €3,522 | -€658 | -15.7% |
| Gross operating margin | 9900 | €317,788 | €514,187 | +€196,399 | +61.8% |
| Operating profit (loss) | 9901 | €201,153 | €327,627 | +€126,474 | +62.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €6,246 | €14,510 | +€8,264 | +132% |
| Recurring financial charges | 65 | €6,246 | €14,510 | +€8,264 | +132% |
| Profit (loss) for the period before taxes | 9903 | €194,907 | €313,118 | +€118,211 | +60.6% |
| Income taxes | 67/77 | €45,286 | €96,363 | +€51,077 | +113% |
| Profit (loss) for the period | 9904 | €149,621 | €216,754 | +€67,133 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €149,621 | €216,754 | +€67,133 | +44.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.