ADY BOUW: 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.
ADY BOUW
Largest movements
- Tangible fixed assets +€87,664
up €87,664 (+7,275%), from €1,205 to €88,869
of which Leasing and similar rights: +€63,780
- Receivables within one year +€50,722
up €50,722 (+74.3%), from €68,298 to €119,020
of which Other amounts receivable: +€50,346
- Cash -€5,883
down €5,883 (-20.4%), from €28,829 to €22,946
mainly Investment in fixed assets (net) (-€103,617) and Receivables within one year (-€50,722)
- Debts after one year +€63,780
new in 2024: €63,780
- Trade debts +€32,282
new in 2024: €32,282
- Profit (loss) carried forward +€28,536
up €28,536 (+36.3%), from €78,619 to €107,155
- Tax, wage and social debts +€7,905
up €7,905 (+42.5%), from €18,613 to €26,518
- Purchases and services +€205,479
up €205,479 (+58.0%), from €354,405 to €559,884
- Turnover +€178,099
up €178,099 (+40.6%), from €439,164 to €617,263
- Gross operating margin -€27,381
down €27,381 (-32.3%), from €84,759 to €57,378
- Depreciation +€14,819
up €14,819 (+1,307%), from €1,134 to €15,953
- Taxes -€6,760
down €6,760 (-40.3%), from €16,783 to €10,023
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 | €98,332 | €230,835 | +€132,503 | +135% |
| Fixed assets | 21/28 | €1,205 | €88,869 | +€87,664 | +7,275% |
| Tangible fixed assets | 22/27 | €1,205 | €88,869 | +€87,664 | +7,275% |
| Plant, machinery and equipment | 23 | €114 | €16,041 | +€15,927 | +13,971% |
| Furniture and vehicles | 24 | €1,091 | €9,048 | +€7,957 | +729% |
| Leasing and similar rights | 25 | - | €63,780 | +€63,780 | |
| Current assets | 29/58 | €97,127 | €141,966 | +€44,839 | +46.2% |
| Amounts receivable within one year | 40/41 | €68,298 | €119,020 | +€50,722 | +74.3% |
| Trade receivables | 40 | €7,791 | €8,167 | +€376 | +4.8% |
| Other amounts receivable | 41 | €60,507 | €110,853 | +€50,346 | +83.2% |
| Cash at bank and in hand | 54/58 | €28,829 | €22,946 | -€5,883 | -20.4% |
| Total equity and liabilities | 10/49 | €98,332 | €230,835 | +€132,503 | +135% |
| Equity | 10/15 | €79,719 | €108,255 | +€28,536 | +35.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Legal reserve | 130 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,619 | €107,155 | +€28,536 | +36.3% |
| Amounts payable | 17/49 | €18,613 | €122,580 | +€103,967 | +559% |
| Amounts payable after more than one year | 17 | - | €63,780 | +€63,780 | |
| Financial debts | 170/4 | - | €63,780 | +€63,780 | |
| Amounts payable within one year | 42/48 | €18,613 | €58,800 | +€40,187 | +216% |
| Trade debts | 44 | - | €32,282 | +€32,282 | |
| Suppliers | 440/4 | - | €32,282 | +€32,282 | |
| Taxes, remuneration and social security | 45 | €18,613 | €26,518 | +€7,905 | +42.5% |
| Taxes | 450/3 | €18,613 | €26,518 | +€7,905 | +42.5% |
| Turnover | 70 | €439,164 | €617,263 | +€178,099 | +40.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €354,405 | €559,884 | +€205,479 | +58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,134 | €15,953 | +€14,819 | +1,307% |
| Other operating charges | 640/8 | €75 | €1,119 | +€1,044 | +1,392% |
| Gross operating margin | 9900 | €84,759 | €57,378 | -€27,381 | -32.3% |
| Operating profit (loss) | 9901 | €83,550 | €40,306 | -€43,244 | -51.8% |
| Financial income | 75/76B | €8 | €6 | -€2 | -25.0% |
| Recurring financial income | 75 | €8 | €6 | -€2 | -25.0% |
| Financial charges | 65/66B | €170 | €1,752 | +€1,582 | +931% |
| Recurring financial charges | 65 | €170 | €1,752 | +€1,582 | +931% |
| Profit (loss) for the period before taxes | 9903 | €83,388 | €38,560 | -€44,828 | -53.8% |
| Income taxes | 67/77 | €16,783 | €10,023 | -€6,760 | -40.3% |
| Profit (loss) for the period | 9904 | €66,605 | €28,537 | -€38,068 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,605 | €28,537 | -€38,068 | -57.2% |
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 17 October 2026 via checked.be.