AARDGOED: what changed
Two fiscal 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.
AARDGOED
Largest movements
- Tangible fixed assets -€12,166
down €12,166 (-2.3%), from €523,538 to €511,371
of which Land and buildings: -€12,166
- Debts after one year -€16,740
down €16,740 (-13.1%), from €127,363 to €110,622
- Gross operating margin +€15,950
up €15,950 (+544.3%), from €2,930 to €18,880
- Depreciation +€2,028
up €2,028 (+20.0%), from €10,138 to €12,166
- Other operating charges +€1,321
up €1,321 (+223.7%), from €590 to €1,911
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.
Cash bridge derived
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 | €526,895 | €513,926 | -€12,969 | -2.5% |
| Fixed assets | 21/28 | €523,538 | €511,371 | -€12,166 | -2.3% |
| Tangible fixed assets | 22/27 | €523,538 | €511,371 | -€12,166 | -2.3% |
| Land and buildings | 22 | €523,538 | €511,371 | -€12,166 | -2.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €3,358 | €2,555 | -€803 | -23.9% |
| Amounts receivable within one year | 40/41 | €79 | €260 | +€182 | +230.7% |
| Other amounts receivable | 41 | €79 | €260 | +€182 | +230.7% |
| Cash at bank and in hand | 54/58 | €3,279 | €2,294 | -€985 | -30.0% |
| Total equity and liabilities | 10/49 | €526,895 | €513,926 | -€12,969 | -2.5% |
| Equity | 10/15 | €250,572 | €251,313 | +€740 | +0.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,428 | -€48,687 | +€740 | +1.5% |
| Amounts payable | 17/49 | €276,323 | €262,613 | -€13,710 | -5.0% |
| Amounts payable after more than one year | 17 | €127,363 | €110,622 | -€16,740 | -13.1% |
| Financial debts | 170/4 | €127,363 | €110,622 | -€16,740 | -13.1% |
| Amounts payable within one year | 42/48 | €147,016 | €150,046 | +€3,030 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €16,608 | €16,740 | +€132 | +0.8% |
| Trade debts | 44 | €107 | €400 | +€292 | +272.2% |
| Suppliers | 440/4 | €107 | €400 | +€292 | +272.2% |
| Other amounts payable | 47/48 | €130,300 | €132,906 | +€2,606 | +2.0% |
| Accrued charges and deferred income | 492/3 | €1,945 | €1,945 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,138 | €12,166 | +€2,028 | +20.0% |
| Other operating charges | 640/8 | €590 | €1,911 | +€1,321 | +223.7% |
| Gross operating margin | 9900 | €2,930 | €18,880 | +€15,950 | +544.3% |
| Operating profit (loss) | 9901 | -€7,799 | €4,803 | +€12,601 | |
| Financial income | 75/76B | €0 | €12 | +€12 | |
| Recurring financial income | 75 | €0 | €12 | +€12 | |
| Financial charges | 65/66B | €3,915 | €4,074 | +€159 | +4.1% |
| Recurring financial charges | 65 | €3,915 | €4,074 | +€159 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,714 | €740 | +€12,454 | |
| Profit (loss) for the period | 9904 | -€11,714 | €740 | +€12,454 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,714 | €740 | +€12,454 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.