A.R.D.I.: 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.
A.R.D.I.
Largest movements
- Cash +€2,902
up €2,902 (+16.7%), from €17,334 to €20,236
mainly Depreciation (+€1,511) and Net result for the year (+€1,396)
- Tangible fixed assets -€1,511
down €1,511 (-41.3%), from €3,657 to €2,145
- Receivables within one year +€656
new in 2025: €656
- Deferred charges and accrued income -€651
no longer reported in 2025 (was €651)
- Profit (loss) carried forward +€1,396
up €1,396 (+2.0%), from -€69,074 to -€67,678
- Gross operating margin -€902
down €902 (-17.1%), from €5,270 to €4,368
- Other operating charges -€350
down €350 (-22.0%), from €1,590 to €1,240
- Financial charges +€72
up €72 (+48.6%), from €149 to €221
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,641 | €23,037 | +€1,396 | +6.5% |
| Fixed assets | 21/28 | €3,657 | €2,145 | -€1,511 | -41.3% |
| Tangible fixed assets | 22/27 | €3,657 | €2,145 | -€1,511 | -41.3% |
| Land and buildings | 22 | €3,657 | €2,145 | -€1,511 | -41.3% |
| Current assets | 29/58 | €17,985 | €20,892 | +€2,907 | +16.2% |
| Amounts receivable within one year | 40/41 | - | €656 | +€656 | |
| Other amounts receivable | 41 | - | €656 | +€656 | |
| Cash at bank and in hand | 54/58 | €17,334 | €20,236 | +€2,902 | +16.7% |
| Deferred charges and accrued income | 490/1 | €651 | - | -€651 | |
| Total equity and liabilities | 10/49 | €21,641 | €23,037 | +€1,396 | +6.5% |
| Equity | 10/15 | -€55,563 | -€54,167 | +€1,396 | +2.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,111 | €1,111 | = | 0.0% |
| Distributable reserves | 133 | €1,111 | €1,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,074 | -€67,678 | +€1,396 | +2.0% |
| Amounts payable | 17/49 | €77,204 | €77,204 | = | 0.0% |
| Amounts payable within one year | 42/48 | €77,204 | €77,204 | = | 0.0% |
| Suppliers | 440/4 | - | €0 | = | |
| Other amounts payable | 47/48 | €77,204 | €77,204 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,511 | €1,511 | = | 0.0% |
| Other operating charges | 640/8 | €1,590 | €1,240 | -€350 | -22.0% |
| Gross operating margin | 9900 | €5,270 | €4,368 | -€902 | -17.1% |
| Operating profit (loss) | 9901 | €2,170 | €1,617 | -€552 | -25.5% |
| Financial charges | 65/66B | €149 | €221 | +€72 | +48.6% |
| Recurring financial charges | 65 | €149 | €221 | +€72 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €2,021 | €1,396 | -€625 | -30.9% |
| Profit (loss) for the period | 9904 | €2,021 | €1,396 | -€625 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,021 | €1,396 | -€625 | -30.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.