ADWISE: 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.
ADWISE
Largest movements
- Cash +€537,980
up €537,980 (+542%), from €99,228 to €637,208
mainly Net result for the year (+€1.0m) and Investment in fixed assets (net) (+€199,904)
- Receivables within one year +€468,239
up €468,239 (+523%), from €89,554 to €557,793
of which Other amounts receivable: +€481,967
- Current investments +€298,757
up €298,757 (+97.0%), from €307,916 to €606,674
- Financial fixed assets -€204,282
no longer reported in 2024 (was €204,282)
- Receivables after one year +€28,180
up €28,180 (+8.6%), from €326,059 to €354,239
- Reserves +€1.0m
up €1.0m (+111%), from €906,791 to €1.9m
of which Distributable reserves: +€1.0m
- Short-term financial debts +€125,489
up €125,489 (+462%), from €27,144 to €152,634
- Gross operating margin +€1.5m
up €1.5m (+948%), from €155,388 to €1.6m
- Taxes +€378,216
up €378,216 (+1,005%), from €37,631 to €415,847
- Financial charges +€221,647
up €221,647, from -€10,350 to €211,297
of which Non-recurring financial charges: +€204,282
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 | €1,073,043 | €2,199,555 | +€1.1m | +105% |
| Fixed assets | 21/28 | €238,325 | €31,742 | -€206,583 | -86.7% |
| Tangible fixed assets | 22/27 | €34,043 | €31,742 | -€2,301 | -6.8% |
| Plant, machinery and equipment | 23 | - | €896 | +€896 | |
| Furniture and vehicles | 24 | €32,949 | €29,864 | -€3,085 | -9.4% |
| Other tangible fixed assets | 26 | €1,094 | €982 | -€112 | -10.2% |
| Financial fixed assets | 28 | €204,282 | - | -€204,282 | |
| Current assets | 29/58 | €834,719 | €2,167,813 | +€1.3m | +160% |
| Amounts receivable after more than one year | 29 | €326,059 | €354,239 | +€28,180 | +8.6% |
| Other amounts receivable | 291 | €326,059 | €354,239 | +€28,180 | +8.6% |
| Amounts receivable within one year | 40/41 | €89,554 | €557,793 | +€468,239 | +523% |
| Trade receivables | 40 | €83,529 | €69,802 | -€13,727 | -16.4% |
| Other amounts receivable | 41 | €6,025 | €487,991 | +€481,967 | +8,000% |
| Current investments | 50/53 | €307,916 | €606,674 | +€298,757 | +97.0% |
| Cash at bank and in hand | 54/58 | €99,228 | €637,208 | +€537,980 | +542% |
| Deferred charges and accrued income | 490/1 | €11,961 | €11,900 | -€61 | -0.5% |
| Total equity and liabilities | 10/49 | €1,073,043 | €2,199,555 | +€1.1m | +105% |
| Equity | 10/15 | €925,391 | €1,927,793 | +€1.0m | +108% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €906,791 | €1,909,193 | +€1.0m | +111% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,663 | €5,663 | = | 0.0% |
| Distributable reserves | 133 | €899,268 | €1,901,670 | +€1.0m | +111% |
| Amounts payable | 17/49 | €147,653 | €271,762 | +€124,110 | +84.1% |
| Amounts payable after more than one year | 17 | €86,184 | €64,738 | -€21,447 | -24.9% |
| Financial debts | 170/4 | €86,184 | €64,738 | -€21,447 | -24.9% |
| Amounts payable within one year | 42/48 | €61,468 | €206,991 | +€145,522 | +237% |
| Current portion of amounts payable after more than one year | 42 | €21,075 | €21,447 | +€372 | +1.8% |
| Financial debts | 43 | €27,144 | €152,634 | +€125,489 | +462% |
| Credit institutions | 430/8 | €27,144 | €152,634 | +€125,489 | +462% |
| Trade debts | 44 | €6,339 | €4,818 | -€1,521 | -24.0% |
| Suppliers | 440/4 | €6,339 | €4,818 | -€1,521 | -24.0% |
| Taxes, remuneration and social security | 45 | €6,910 | €28,092 | +€21,182 | +307% |
| Taxes | 450/3 | €6,910 | €28,092 | +€21,182 | +307% |
| Accrued charges and deferred income | 492/3 | - | €34 | +€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,362 | €6,679 | +€1,317 | +24.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,200 | €14,400 | -€1,800 | -11.1% |
| Other operating charges | 640/8 | €2,262 | €2,027 | -€235 | -10.4% |
| Gross operating margin | 9900 | €155,388 | €1,629,111 | +€1.5m | +948% |
| Operating profit (loss) | 9901 | €131,564 | €1,606,005 | +€1.5m | +1,121% |
| Financial income | 75/76B | €7,418 | €23,541 | +€16,123 | +217% |
| Recurring financial income | 75 | €7,418 | €23,541 | +€16,123 | +217% |
| Financial charges | 65/66B | -€10,350 | €211,297 | +€221,647 | |
| Recurring financial charges | 65 | -€10,350 | €7,015 | +€17,365 | |
| Non-recurring financial charges | 66B | - | €204,282 | +€204,282 | |
| Profit (loss) for the period before taxes | 9903 | €149,332 | €1,418,249 | +€1.3m | +850% |
| Income taxes | 67/77 | €37,631 | €415,847 | +€378,216 | +1,005% |
| Profit (loss) for the period | 9904 | €111,701 | €1,002,402 | +€890,701 | +797% |
| Profit (loss) for the period to be appropriated | 9905 | €111,701 | €1,002,402 | +€890,701 | +797% |
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 14 October 2026 via checked.be.