ARD Delta Plus: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
ARD Delta Plus
Largest movements
- Tangible fixed assets +€146,779
up €146,779 (+1,019%), from €14,406 to €161,186
of which Land and buildings: +€149,713
- Receivables after one year -€110,891
down €110,891 (-26.6%), from €416,728 to €305,837
- Receivables within one year -€15,294
down €15,294 (-64.9%), from €23,571 to €8,277
of which Trade receivables: -€10,995
- Cash -€8,144
down €8,144 (-97.7%), from €8,335 to €191
mainly Investment in fixed assets (net) (-€157,548) and Other debts (-€35,612)
- Debts after one year +€40,214
up €40,214 (+39.8%), from €100,978 to €141,192
- Other debts -€35,612
down €35,612 (-87.9%), from €40,512 to €4,900
- Current portion of long-term debt +€13,522
up €13,522 (+190%), from €7,105 to €20,627
- Gross operating margin -€15,828
down €15,828 (-24.5%), from €64,654 to €48,826
- Taxes -€14,109
down €14,109 (-87.6%), from €16,109 to €2,000
- Staff costs +€12,868
up €12,868 (+52.3%), from €24,594 to €37,463
- Depreciation +€6,042
up €6,042 (+128%), from €4,727 to €10,768
- Financial charges +€2,619
up €2,619 (+63.3%), from €4,134 to €6,752
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €464,140 | €476,152 | +€12,012 | +2.6% |
| Fixed assets | 21/28 | €14,406 | €161,186 | +€146,779 | +1,019% |
| Tangible fixed assets | 22/27 | €14,406 | €161,186 | +€146,779 | +1,019% |
| Land and buildings | 22 | €8,824 | €158,536 | +€149,713 | +1,697% |
| Plant, machinery and equipment | 23 | €2,196 | €1,476 | -€720 | -32.8% |
| Furniture and vehicles | 24 | €1,519 | - | -€1,519 | |
| Other tangible fixed assets | 26 | €1,868 | €1,173 | -€695 | -37.2% |
| Current assets | 29/58 | €449,733 | €314,966 | -€134,767 | -30.0% |
| Amounts receivable after more than one year | 29 | €416,728 | €305,837 | -€110,891 | -26.6% |
| Other amounts receivable | 291 | €416,728 | €305,837 | -€110,891 | -26.6% |
| Amounts receivable within one year | 40/41 | €23,571 | €8,277 | -€15,294 | -64.9% |
| Trade receivables | 40 | €11,272 | €277 | -€10,995 | -97.5% |
| Other amounts receivable | 41 | €12,299 | €8,000 | -€4,299 | -35.0% |
| Cash at bank and in hand | 54/58 | €8,335 | €191 | -€8,144 | -97.7% |
| Deferred charges and accrued income | 490/1 | €1,099 | €661 | -€438 | -39.9% |
| Total equity and liabilities | 10/49 | €464,140 | €476,152 | +€12,012 | +2.6% |
| Equity | 10/15 | €263,746 | €263,558 | -€188 | -0.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €261,746 | €261,746 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €261,546 | €261,546 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€188 | -€188 | |
| Amounts payable | 17/49 | €200,394 | €212,593 | +€12,199 | +6.1% |
| Amounts payable after more than one year | 17 | €100,978 | €141,192 | +€40,214 | +39.8% |
| Financial debts | 170/4 | €100,978 | €141,192 | +€40,214 | +39.8% |
| Amounts payable within one year | 42/48 | €96,850 | €67,117 | -€29,734 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €7,105 | €20,627 | +€13,522 | +190% |
| Financial debts | 43 | €10,392 | €10,677 | +€285 | +2.7% |
| Credit institutions | 430/8 | €10,392 | €10,677 | +€285 | +2.7% |
| Trade debts | 44 | €21,810 | €17,345 | -€4,465 | -20.5% |
| Suppliers | 440/4 | €21,810 | €17,345 | -€4,465 | -20.5% |
| Taxes, remuneration and social security | 45 | €17,031 | €13,567 | -€3,463 | -20.3% |
| Taxes | 450/3 | €11,871 | €8,710 | -€3,161 | -26.6% |
| Remuneration and social security | 454/9 | €5,160 | €4,857 | -€302 | -5.9% |
| Other amounts payable | 47/48 | €40,512 | €4,900 | -€35,612 | -87.9% |
| Accrued charges and deferred income | 492/3 | €2,566 | €4,285 | +€1,719 | +67.0% |
| Remuneration, social security and pensions | 62 | €24,594 | €37,463 | +€12,868 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,727 | €10,768 | +€6,042 | +128% |
| Other operating charges | 640/8 | €1,456 | €1,866 | +€410 | +28.1% |
| Gross operating margin | 9900 | €64,654 | €48,826 | -€15,828 | -24.5% |
| Operating profit (loss) | 9901 | €33,877 | -€1,271 | -€35,148 | |
| Financial income | 75/76B | €11,304 | €9,836 | -€1,468 | -13.0% |
| Recurring financial income | 75 | €11,304 | €9,836 | -€1,468 | -13.0% |
| Financial charges | 65/66B | €4,134 | €6,752 | +€2,619 | +63.3% |
| Recurring financial charges | 65 | €4,134 | €6,752 | +€2,619 | +63.3% |
| Profit (loss) for the period before taxes | 9903 | €41,047 | €1,812 | -€39,234 | -95.6% |
| Income taxes | 67/77 | €16,109 | €2,000 | -€14,109 | -87.6% |
| Profit (loss) for the period | 9904 | €24,937 | -€188 | -€25,125 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,937 | -€188 | -€25,125 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.