ADOD: 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.
ADOD
Largest movements
- Cash +€23,443
up €23,443 (+521.1%), from €4,499 to €27,942
mainly Net result for the year (+€44,724) and Receivables within one year (+€19,188)
- Receivables within one year -€19,188
down €19,188 (-12.8%), from €150,143 to €130,956
of which Trade receivables: -€9,633
- Reserves +€44,724
up €44,724 (+30.0%), from €149,046 to €193,770
- Other debts -€35,072
down €35,072 (-49.4%), from €70,940 to €35,868
- Tax, wage and social debts -€5,969
down €5,969 (-56.5%), from €10,557 to €4,587
- Gross operating margin -€3,131
down €3,131 (-4.8%), from €65,333 to €62,203
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 | €236,564 | €240,500 | +€3,936 | +1.7% |
| Fixed assets | 21/28 | €81,922 | €79,715 | -€2,207 | -2.7% |
| Tangible fixed assets | 22/27 | €11,422 | €9,215 | -€2,207 | -19.3% |
| Furniture and vehicles | 24 | €602 | €297 | -€306 | -50.7% |
| Other tangible fixed assets | 26 | €10,819 | €8,918 | -€1,902 | -17.6% |
| Financial fixed assets | 28 | €70,500 | €70,500 | = | 0.0% |
| Current assets | 29/58 | €154,642 | €160,785 | +€6,143 | +4.0% |
| Amounts receivable within one year | 40/41 | €150,143 | €130,956 | -€19,188 | -12.8% |
| Trade receivables | 40 | €133,431 | €123,798 | -€9,633 | -7.2% |
| Other amounts receivable | 41 | €16,712 | €7,158 | -€9,555 | -57.2% |
| Cash at bank and in hand | 54/58 | €4,499 | €27,942 | +€23,443 | +521.1% |
| Deferred charges and accrued income | 490/1 | - | €1,888 | +€1,888 | |
| Total equity and liabilities | 10/49 | €236,564 | €240,500 | +€3,936 | +1.7% |
| Equity | 10/15 | €150,046 | €194,770 | +€44,724 | +29.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €149,046 | €193,770 | +€44,724 | +30.0% |
| Distributable reserves | 133 | €149,046 | €193,770 | +€44,724 | +30.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €86,518 | €45,730 | -€40,789 | -47.1% |
| Amounts payable within one year | 42/48 | €84,820 | €44,098 | -€40,722 | -48.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,322 | €3,642 | +€320 | +9.6% |
| Suppliers | 440/4 | €3,322 | €3,642 | +€320 | +9.6% |
| Taxes, remuneration and social security | 45 | €10,557 | €4,587 | -€5,969 | -56.5% |
| Taxes | 450/3 | €10,557 | €4,587 | -€5,969 | -56.5% |
| Other amounts payable | 47/48 | €70,940 | €35,868 | -€35,072 | -49.4% |
| Accrued charges and deferred income | 492/3 | €1,699 | €1,632 | -€67 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,207 | €2,207 | = | 0.0% |
| Other operating charges | 640/8 | €1,585 | €1,826 | +€242 | +15.2% |
| Gross operating margin | 9900 | €65,333 | €62,203 | -€3,131 | -4.8% |
| Operating profit (loss) | 9901 | €61,541 | €58,169 | -€3,372 | -5.5% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €224 | €634 | +€410 | +182.5% |
| Recurring financial charges | 65 | €224 | €634 | +€410 | +182.5% |
| Profit (loss) for the period before taxes | 9903 | €61,317 | €57,541 | -€3,776 | -6.2% |
| Income taxes | 67/77 | €13,376 | €12,817 | -€560 | -4.2% |
| Profit (loss) for the period | 9904 | €47,940 | €44,724 | -€3,216 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,940 | €44,724 | -€3,216 | -6.7% |
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 5 October 2026 via checked.be.