ADNIL: 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.
ADNIL
Largest movements
- Current investments +€1.3m
up €1.3m (+8.8%), from €14.8m to €16.1m
- Cash +€771,039
up €771,039 (+71.3%), from €1.1m to €1.9m
mainly Net result for the year (+€3.1m) and Other debts (+€2.0m)
- Other debts +€2.0m
new in 2024: €2.0m
- Financial charges -€2.4m
down €2.4m, from €1.3m to -€1.0m
- Financial income -€812,010
down €812,010 (-28.2%), from €2.9m to €2.1m
- Taxes -€370,753
down €370,753 (-100.0%), from €370,753 to €0
- Gross operating margin +€312
up €312 (+1.3%), from -€23,514 to -€23,202
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 | €17,046,458 | €19,141,605 | +€2.1m | +12.3% |
| Fixed assets | 21/28 | €936,193 | €936,193 | = | 0.0% |
| Financial fixed assets | 28 | €936,193 | €936,193 | = | 0.0% |
| Current assets | 29/58 | €16,110,265 | €18,205,413 | +€2.1m | +13.0% |
| Amounts receivable within one year | 40/41 | €224,312 | €244,312 | +€20,000 | +8.9% |
| Other amounts receivable | 41 | €224,312 | €244,312 | +€20,000 | +8.9% |
| Current investments | 50/53 | €14,803,814 | €16,107,923 | +€1.3m | +8.8% |
| Cash at bank and in hand | 54/58 | €1,082,138 | €1,853,177 | +€771,039 | +71.3% |
| Total equity and liabilities | 10/49 | €17,046,458 | €19,141,605 | +€2.1m | +12.3% |
| Equity | 10/15 | €16,770,856 | €16,842,801 | +€71,945 | +0.4% |
| Contributions | 10/11 | €219,285 | €219,285 | = | 0.0% |
| Capital | 10 | €185,920 | €185,920 | = | 0.0% |
| Issued capital | 100 | €185,920 | €185,920 | = | 0.0% |
| Outside capital | 11 | €33,365 | €33,365 | = | 0.0% |
| Share premium | 1100/10 | €33,365 | €33,365 | = | 0.0% |
| Reserves | 13 | €1,018,592 | €1,018,592 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,592 | €18,592 | = | 0.0% |
| Legal reserve | 130 | €18,592 | €18,592 | = | 0.0% |
| Distributable reserves | 133 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,532,979 | €15,604,924 | +€71,945 | +0.5% |
| Amounts payable | 17/49 | €275,602 | €2,298,804 | +€2.0m | +734.1% |
| Amounts payable within one year | 42/48 | €275,602 | €2,298,804 | +€2.0m | +734.1% |
| Trade debts | 44 | €2,676 | €25,879 | +€23,202 | +867.0% |
| Suppliers | 440/4 | €2,676 | €25,879 | +€23,202 | +867.0% |
| Taxes, remuneration and social security | 45 | €272,926 | €272,926 | = | 0.0% |
| Taxes | 450/3 | €272,926 | €272,926 | = | 0.0% |
| Other amounts payable | 47/48 | - | €2,000,000 | +€2.0m | |
| Gross operating margin | 9900 | -€23,514 | -€23,202 | +€312 | +1.3% |
| Operating profit (loss) | 9901 | -€23,514 | -€23,202 | +€312 | +1.3% |
| Financial income | 75/76B | €2,878,550 | €2,066,541 | -€812,010 | -28.2% |
| Recurring financial income | 75 | €2,878,550 | €2,066,541 | -€812,010 | -28.2% |
| Financial charges | 65/66B | €1,332,978 | -€1,028,607 | -€2.4m | |
| Recurring financial charges | 65 | €1,332,978 | -€1,028,607 | -€2.4m | |
| Profit (loss) for the period before taxes | 9903 | €1,522,058 | €3,071,945 | +€1.5m | +101.8% |
| Income taxes | 67/77 | €370,753 | €0 | -€370,753 | -100.0% |
| Profit (loss) for the period | 9904 | €1,151,306 | €3,071,945 | +€1.9m | +166.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,151,306 | €3,071,945 | +€1.9m | +166.8% |
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 8 October 2026 via checked.be.