AdSim: 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.
AdSim
Largest movements
- Receivables within one year +€204,027
up €204,027 (+115%), from €177,701 to €381,728
of which Trade receivables: +€223,261
- Tangible fixed assets +€29,391
up €29,391 (+91.9%), from €31,979 to €61,371
of which Furniture and vehicles: +€32,980
- Deferred charges and accrued income +€19,158
up €19,158 (+3,666%), from €523 to €19,681
- Cash +€13,400
up €13,400 (+18.3%), from €73,193 to €86,593
mainly Trade debts (+€157,435) and Net result for the year (+€154,665)
- Financial fixed assets -€7,018
down €7,018 (-74.5%), from €9,418 to €2,400
- Trade debts +€157,435
up €157,435 (+573%), from €27,492 to €184,927
- Profit (loss) carried forward +€154,665
up €154,665 (+159%), from €97,058 to €251,723
- Other debts -€43,176
down €43,176 (-72.0%), from €60,000 to €16,824
- Tax, wage and social debts -€9,966
down €9,966 (-9.3%), from €107,264 to €97,298
of which Taxes: -€25,813
- Gross operating margin +€205,980
up €205,980 (+101%), from €204,138 to €410,118
- Staff costs +€73,527
up €73,527 (+70.5%), from €104,315 to €177,843
- Taxes +€29,807
up €29,807 (+111%), from €26,898 to €56,704
- Depreciation +€10,723
up €10,723 (+157%), from €6,828 to €17,550
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.
Derived cash bridge
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 | €292,814 | €551,772 | +€258,959 | +88.4% |
| Fixed assets | 21/28 | €41,397 | €63,771 | +€22,374 | +54.0% |
| Tangible fixed assets | 22/27 | €31,979 | €61,371 | +€29,391 | +91.9% |
| Plant, machinery and equipment | 23 | €6,550 | €5,766 | -€784 | -12.0% |
| Furniture and vehicles | 24 | €14,767 | €47,747 | +€32,980 | +223% |
| Other tangible fixed assets | 26 | €10,663 | €7,858 | -€2,805 | -26.3% |
| Financial fixed assets | 28 | €9,418 | €2,400 | -€7,018 | -74.5% |
| Current assets | 29/58 | €251,417 | €488,002 | +€236,585 | +94.1% |
| Amounts receivable within one year | 40/41 | €177,701 | €381,728 | +€204,027 | +115% |
| Trade receivables | 40 | €158,467 | €381,728 | +€223,261 | +141% |
| Other amounts receivable | 41 | €19,235 | - | -€19,235 | |
| Cash at bank and in hand | 54/58 | €73,193 | €86,593 | +€13,400 | +18.3% |
| Deferred charges and accrued income | 490/1 | €523 | €19,681 | +€19,158 | +3,666% |
| Total equity and liabilities | 10/49 | €292,814 | €551,772 | +€258,959 | +88.4% |
| Equity | 10/15 | €98,058 | €252,723 | +€154,665 | +158% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,058 | €251,723 | +€154,665 | +159% |
| Amounts payable | 17/49 | €194,756 | €299,049 | +€104,293 | +53.6% |
| Amounts payable within one year | 42/48 | €194,756 | €299,049 | +€104,293 | +53.6% |
| Trade debts | 44 | €27,492 | €184,927 | +€157,435 | +573% |
| Suppliers | 440/4 | €27,492 | €184,927 | +€157,435 | +573% |
| Taxes, remuneration and social security | 45 | €107,264 | €97,298 | -€9,966 | -9.3% |
| Taxes | 450/3 | €92,330 | €66,517 | -€25,813 | -28.0% |
| Remuneration and social security | 454/9 | €14,934 | €30,781 | +€15,847 | +106% |
| Other amounts payable | 47/48 | €60,000 | €16,824 | -€43,176 | -72.0% |
| Remuneration, social security and pensions | 62 | €104,315 | €177,843 | +€73,527 | +70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,828 | €17,550 | +€10,723 | +157% |
| Other operating charges | 640/8 | €3,687 | €2,679 | -€1,008 | -27.3% |
| Gross operating margin | 9900 | €204,138 | €410,118 | +€205,980 | +101% |
| Operating profit (loss) | 9901 | €89,307 | €212,045 | +€122,738 | +137% |
| Financial income | 75/76B | €826 | €442 | -€384 | -46.5% |
| Recurring financial income | 75 | €815 | €414 | -€402 | -49.3% |
| Non-recurring financial income | 76B | €11 | €28 | +€17 | +158% |
| Financial charges | 65/66B | €1,082 | €1,117 | +€35 | +3.3% |
| Recurring financial charges | 65 | €985 | €638 | -€347 | -35.2% |
| Non-recurring financial charges | 66B | €97 | €479 | +€382 | +394% |
| Profit (loss) for the period before taxes | 9903 | €89,052 | €211,370 | +€122,318 | +137% |
| Income taxes | 67/77 | €26,898 | €56,704 | +€29,807 | +111% |
| Profit (loss) for the period | 9904 | €62,154 | €154,665 | +€92,511 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €62,154 | €154,665 | +€92,511 | +149% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.