Adret & Ubac: 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.
Adret & Ubac
Largest movements
- Cash -€12,860
down €12,860 (-77.6%), from €16,581 to €3,721
mainly Net result for the year (-€20,230) and Investment in fixed assets (net) (-€6,651)
- Receivables within one year -€12,136
down €12,136 (-44.8%), from €27,075 to €14,939
of which Trade receivables: -€17,136
- Tangible fixed assets +€2,312
up €2,312 (+28.5%), from €8,114 to €10,427
of which Land and buildings: +€1,746
- Profit (loss) carried forward -€20,230
new in 2023: -€20,230
- Tax, wage and social debts -€1,355
down €1,355 (-10.6%), from €12,750 to €11,394
- Other debts -€778
down €778 (-67.3%), from €1,156 to €378
- Gross operating margin -€33,889
down €33,889, from €19,283 to -€14,606
- Taxes -€3,719
down €3,719 (-94.8%), from €3,924 to €205
- Depreciation +€383
up €383 (+9.7%), from €3,955 to €4,338
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 | €51,770 | €29,087 | -€22,683 | -43.8% |
| Fixed assets | 21/28 | €8,114 | €10,427 | +€2,312 | +28.5% |
| Tangible fixed assets | 22/27 | €8,114 | €10,427 | +€2,312 | +28.5% |
| Land and buildings | 22 | - | €1,746 | +€1,746 | |
| Plant, machinery and equipment | 23 | - | €668 | +€668 | |
| Furniture and vehicles | 24 | €8,114 | €8,013 | -€102 | -1.3% |
| Current assets | 29/58 | €43,656 | €18,661 | -€24,995 | -57.3% |
| Amounts receivable within one year | 40/41 | €27,075 | €14,939 | -€12,136 | -44.8% |
| Trade receivables | 40 | €26,651 | €9,515 | -€17,136 | -64.3% |
| Other amounts receivable | 41 | €424 | €5,424 | +€5,000 | +1,180% |
| Cash at bank and in hand | 54/58 | €16,581 | €3,721 | -€12,860 | -77.6% |
| Total equity and liabilities | 10/49 | €51,770 | €29,087 | -€22,683 | -43.8% |
| Equity | 10/15 | €34,297 | €14,067 | -€20,230 | -59.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | - | -€3,000 | |
| Issued capital | 100 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €31,297 | €31,297 | = | 0.0% |
| Distributable reserves | 133 | €31,297 | €31,297 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€20,230 | -€20,230 | |
| Amounts payable | 17/49 | €17,473 | €15,020 | -€2,453 | -14.0% |
| Amounts payable within one year | 42/48 | €17,473 | €15,020 | -€2,453 | -14.0% |
| Trade debts | 44 | €3,567 | €3,247 | -€320 | -9.0% |
| Suppliers | 440/4 | €3,567 | €3,247 | -€320 | -9.0% |
| Taxes, remuneration and social security | 45 | €12,750 | €11,394 | -€1,355 | -10.6% |
| Taxes | 450/3 | €12,750 | €11,394 | -€1,355 | -10.6% |
| Other amounts payable | 47/48 | €1,156 | €378 | -€778 | -67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,955 | €4,338 | +€383 | +9.7% |
| Other operating charges | 640/8 | €1,076 | €1,023 | -€53 | -4.9% |
| Gross operating margin | 9900 | €19,283 | -€14,606 | -€33,889 | |
| Operating profit (loss) | 9901 | €14,251 | -€19,967 | -€34,219 | |
| Financial charges | 65/66B | €65 | €57 | -€7 | -11.5% |
| Recurring financial charges | 65 | €65 | €57 | -€7 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €14,186 | -€20,025 | -€34,211 | |
| Income taxes | 67/77 | €3,924 | €205 | -€3,719 | -94.8% |
| Profit (loss) for the period | 9904 | €10,263 | -€20,230 | -€30,493 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,263 | -€20,230 | -€30,493 |
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 1 November 2026 via checked.be.