ADRAMAT: 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.
ADRAMAT
Largest movements
- Cash +€62,430
up €62,430 (+200.8%), from €31,085 to €93,514
mainly Trade debts (+€67,713) and Other debts (+€61,620)
- Receivables within one year +€49,209
up €49,209 (+11.0%), from €447,122 to €496,331
of which Other amounts receivable: +€70,936
- Tangible fixed assets +€11,643
up €11,643 (+8.3%), from €140,496 to €152,139
of which Furniture and vehicles: +€12,946
- Trade debts +€67,713
up €67,713 (+13125.4%), from €516 to €68,229
- Other debts +€61,620
up €61,620 (+27.3%), from €225,607 to €287,227
- Profit (loss) carried forward +€41,541
up €41,541 (+67.4%), from €61,610 to €103,151
- Debts after one year -€33,526
down €33,526 (-18.6%), from €180,017 to €146,491
of which Financial debts: -€27,888
- Tax, wage and social debts -€12,596
down €12,596 (-21.4%), from €58,933 to €46,337
of which Taxes: -€12,696
- Gross operating margin +€108,411
up €108,411 (+97.3%), from €111,404 to €219,814
- Staff costs +€27,946
up €27,946 (+22.8%), from €122,797 to €150,743
- Depreciation -€13,405
down €13,405 (-35.6%), from €37,690 to €24,285
- Financial income +€12,120
up €12,120 (+488.6%), from €2,481 to €14,601
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 | €622,377 | €748,644 | +€126,267 | +20.3% |
| Fixed assets | 21/28 | €141,343 | €152,986 | +€11,643 | +8.2% |
| Tangible fixed assets | 22/27 | €140,496 | €152,139 | +€11,643 | +8.3% |
| Plant, machinery and equipment | 23 | €128,796 | €127,493 | -€1,303 | -1.0% |
| Furniture and vehicles | 24 | €11,700 | €24,646 | +€12,946 | +110.7% |
| Financial fixed assets | 28 | €848 | €848 | = | 0.0% |
| Current assets | 29/58 | €481,034 | €595,658 | +€114,624 | +23.8% |
| Amounts receivable within one year | 40/41 | €447,122 | €496,331 | +€49,209 | +11.0% |
| Trade receivables | 40 | €62,951 | €41,224 | -€21,727 | -34.5% |
| Other amounts receivable | 41 | €384,172 | €455,108 | +€70,936 | +18.5% |
| Cash at bank and in hand | 54/58 | €31,085 | €93,514 | +€62,430 | +200.8% |
| Deferred charges and accrued income | 490/1 | €2,827 | €5,812 | +€2,985 | +105.6% |
| Total equity and liabilities | 10/49 | €622,377 | €748,644 | +€126,267 | +20.3% |
| Equity | 10/15 | €129,945 | €171,487 | +€41,541 | +32.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,362 | €6,362 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €165 | €165 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,610 | €103,151 | +€41,541 | +67.4% |
| Amounts payable | 17/49 | €492,432 | €577,157 | +€84,725 | +17.2% |
| Amounts payable after more than one year | 17 | €180,017 | €146,491 | -€33,526 | -18.6% |
| Financial debts | 170/4 | €105,297 | €77,409 | -€27,888 | -26.5% |
| Other amounts payable | 178/9 | €74,720 | €69,082 | -€5,638 | -7.5% |
| Amounts payable within one year | 42/48 | €312,415 | €430,666 | +€118,251 | +37.9% |
| Current portion of amounts payable after more than one year | 42 | €27,359 | €28,874 | +€1,515 | +5.5% |
| Trade debts | 44 | €516 | €68,229 | +€67,713 | +13125.4% |
| Suppliers | 440/4 | €516 | €68,229 | +€67,713 | +13125.4% |
| Taxes, remuneration and social security | 45 | €58,933 | €46,337 | -€12,596 | -21.4% |
| Taxes | 450/3 | €39,641 | €26,945 | -€12,696 | -32.0% |
| Remuneration and social security | 454/9 | €19,292 | €19,392 | +€100 | +0.5% |
| Other amounts payable | 47/48 | €225,607 | €287,227 | +€61,620 | +27.3% |
| Non-recurring operating income | 76A | - | €19,430 | +€19,430 | |
| Remuneration, social security and pensions | 62 | €122,797 | €150,743 | +€27,946 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,690 | €24,285 | -€13,405 | -35.6% |
| Other operating charges | 640/8 | €1,440 | €947 | -€493 | -34.2% |
| Gross operating margin | 9900 | €111,404 | €219,814 | +€108,411 | +97.3% |
| Operating profit (loss) | 9901 | -€50,524 | €43,839 | +€94,363 | |
| Financial income | 75/76B | €2,481 | €14,601 | +€12,120 | +488.6% |
| Recurring financial income | 75 | €2,481 | €14,601 | +€12,120 | +488.6% |
| Financial charges | 65/66B | €15,040 | €16,899 | +€1,859 | +12.4% |
| Recurring financial charges | 65 | €15,040 | €16,899 | +€1,859 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | -€63,083 | €41,541 | +€104,624 | |
| Income taxes | 67/77 | €164 | - | -€164 | |
| Profit (loss) for the period | 9904 | -€63,247 | €41,541 | +€104,789 | |
| Profit (loss) for the period to be appropriated | 9905 | -€63,247 | €41,541 | +€104,789 |
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 4 October 2026 via checked.be.