AARDVARK SYSTEMS: 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.
AARDVARK SYSTEMS
Largest movements
- Tangible fixed assets -€103,961
down €103,961 (-60.3%), from €172,490 to €68,529
of which Plant, machinery and equipment: -€103,961
- Stocks and contracts -€60,000
no longer reported in 2025 (was €60,000)
- Receivables within one year -€12,100
down €12,100 (-92.9%), from €13,024 to €924
of which Trade receivables: -€13,024
- Profit (loss) carried forward -€89,460
down €89,460 (-34.6%), from -€258,490 to -€347,950
- Trade debts -€85,463
down €85,463 (-42.6%), from €200,610 to €115,147
- Gross operating margin -€22,475
down €22,475 (-35.6%), from -€63,079 to -€85,554
- Other operating charges +€3,275
up €3,275 (+708.9%), from €462 to €3,737
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 | €251,920 | €76,997 | -€174,923 | -69.4% |
| Fixed assets | 21/28 | €172,490 | €68,529 | -€103,961 | -60.3% |
| Tangible fixed assets | 22/27 | €172,490 | €68,529 | -€103,961 | -60.3% |
| Plant, machinery and equipment | 23 | €151,071 | €47,110 | -€103,961 | -68.8% |
| Furniture and vehicles | 24 | €21,419 | €21,419 | = | 0.0% |
| Current assets | 29/58 | €79,430 | €8,468 | -€70,962 | -89.3% |
| Stocks and contracts in progress | 3 | €60,000 | - | -€60,000 | |
| Stocks | 30/36 | €60,000 | - | -€60,000 | |
| Amounts receivable within one year | 40/41 | €13,024 | €924 | -€12,100 | -92.9% |
| Trade receivables | 40 | €13,024 | - | -€13,024 | |
| Other amounts receivable | 41 | - | €924 | +€924 | |
| Cash at bank and in hand | 54/58 | €6,406 | €7,544 | +€1,138 | +17.8% |
| Total equity and liabilities | 10/49 | €251,920 | €76,997 | -€174,923 | -69.4% |
| Equity | 10/15 | €36,310 | -€53,150 | -€89,460 | |
| Contributions | 10/11 | €294,800 | €294,800 | = | 0.0% |
| Capital | 10 | €294,800 | €294,800 | = | 0.0% |
| Issued capital | 100 | €294,800 | €294,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€258,490 | -€347,950 | -€89,460 | -34.6% |
| Provisions and deferred taxes | 16 | €15,000 | €15,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €200,610 | €115,147 | -€85,463 | -42.6% |
| Amounts payable within one year | 42/48 | €200,610 | €115,147 | -€85,463 | -42.6% |
| Trade debts | 44 | €200,610 | €115,147 | -€85,463 | -42.6% |
| Suppliers | 440/4 | €200,610 | €115,147 | -€85,463 | -42.6% |
| Other operating charges | 640/8 | €462 | €3,737 | +€3,275 | +708.9% |
| Gross operating margin | 9900 | -€63,079 | -€85,554 | -€22,475 | -35.6% |
| Operating profit (loss) | 9901 | -€63,541 | -€89,291 | -€25,750 | -40.5% |
| Financial charges | 65/66B | €245 | - | -€245 | |
| Recurring financial charges | 65 | €245 | - | -€245 | |
| Profit (loss) for the period before taxes | 9903 | -€63,786 | -€89,291 | -€25,505 | -40.0% |
| Profit (loss) for the period | 9904 | -€63,786 | -€89,291 | -€25,505 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,786 | -€89,291 | -€25,505 | -40.0% |
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 10 October 2026 via checked.be.