ADO 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.
ADO CONSTRUCT
Largest movements
- Tangible fixed assets -€16,415
down €16,415 (-29.9%), from €54,948 to €38,533
- Receivables within one year -€2,580
down €2,580 (-8.1%), from €31,776 to €29,196
of which Trade receivables: -€13,629
- Deferred charges and accrued income -€2,375
down €2,375 (-51.5%), from €4,611 to €2,236
- Cash -€1,632
down €1,632 (-65.3%), from €2,498 to €866
mainly Debts after one year (-€14,654) and Short-term financial debts (-€6,962)
- Debts after one year -€14,654
down €14,654 (-65.0%), from €22,558 to €7,904
- Short-term financial debts -€6,962
no longer reported in 2023 (was €6,962)
- Tax, wage and social debts -€2,334
down €2,334 (-87.9%), from €2,655 to €322
- Trade debts -€1,267
down €1,267 (-19.7%), from €6,419 to €5,153
- Gross operating margin +€7,743
up €7,743 (+48.3%), from €16,025 to €23,768
- Taxes +€1,234
new in 2023: €1,234
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 | €114,747 | €91,629 | -€23,118 | -20.1% |
| Fixed assets | 21/28 | €55,195 | €38,780 | -€16,415 | -29.7% |
| Tangible fixed assets | 22/27 | €54,948 | €38,533 | -€16,415 | -29.9% |
| Furniture and vehicles | 24 | €54,948 | €38,533 | -€16,415 | -29.9% |
| Financial fixed assets | 28 | €247 | €247 | = | 0.0% |
| Current assets | 29/58 | €59,552 | €52,848 | -€6,703 | -11.3% |
| Amounts receivable after more than one year | 29 | €20,667 | €20,551 | -€116 | -0.6% |
| Other amounts receivable | 291 | €20,667 | €20,551 | -€116 | -0.6% |
| Amounts receivable within one year | 40/41 | €31,776 | €29,196 | -€2,580 | -8.1% |
| Trade receivables | 40 | €31,776 | €18,147 | -€13,629 | -42.9% |
| Other amounts receivable | 41 | - | €11,048 | +€11,048 | |
| Cash at bank and in hand | 54/58 | €2,498 | €866 | -€1,632 | -65.3% |
| Deferred charges and accrued income | 490/1 | €4,611 | €2,236 | -€2,375 | -51.5% |
| Total equity and liabilities | 10/49 | €114,747 | €91,629 | -€23,118 | -20.1% |
| Equity | 10/15 | €62,152 | €63,131 | +€979 | +1.6% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €26,121 | €26,121 | = | 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% |
| Tax-exempt reserves | 132 | €14,261 | €14,261 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,731 | €30,711 | +€979 | +3.3% |
| Amounts payable | 17/49 | €52,595 | €28,498 | -€24,098 | -45.8% |
| Amounts payable after more than one year | 17 | €22,558 | €7,904 | -€14,654 | -65.0% |
| Financial debts | 170/4 | €22,558 | €7,904 | -€14,654 | -65.0% |
| Amounts payable within one year | 42/48 | €30,037 | €20,594 | -€9,444 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | €14,919 | +€919 | +6.6% |
| Financial debts | 43 | €6,962 | - | -€6,962 | |
| Credit institutions | 430/8 | €6,962 | - | -€6,962 | |
| Trade debts | 44 | €6,419 | €5,153 | -€1,267 | -19.7% |
| Suppliers | 440/4 | €6,419 | €5,153 | -€1,267 | -19.7% |
| Taxes, remuneration and social security | 45 | €2,655 | €322 | -€2,334 | -87.9% |
| Taxes | 450/3 | €2,655 | €322 | -€2,334 | -87.9% |
| Other amounts payable | 47/48 | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €186 | €60 | -€126 | -67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,415 | €16,415 | = | 0.0% |
| Other operating charges | 640/8 | €2,975 | €2,944 | -€32 | -1.1% |
| Gross operating margin | 9900 | €16,025 | €23,768 | +€7,743 | +48.3% |
| Operating profit (loss) | 9901 | -€3,551 | €4,349 | +€7,901 | |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €2,341 | €2,157 | -€185 | -7.9% |
| Recurring financial charges | 65 | €2,341 | €2,157 | -€185 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,893 | €2,213 | +€8,106 | |
| Income taxes | 67/77 | - | €1,234 | +€1,234 | |
| Profit (loss) for the period | 9904 | -€5,893 | €979 | +€6,872 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,893 | €979 | +€6,872 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.