ARD GROUP: 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.
ARD GROUP
Largest movements
- Tangible fixed assets -€4,196
down €4,196 (-30.6%), from €13,707 to €9,511
- Cash -€4,101
down €4,101 (-14.5%), from €28,348 to €24,247
mainly Other debts (-€10,321) and Tax, wage and social debts (-€833)
- Receivables within one year -€1,784
down €1,784 (-17.4%), from €10,265 to €8,482
of which Trade receivables: -€2,308
- Other debts -€10,321
down €10,321 (-96.4%), from €10,711 to €390
- Profit (loss) carried forward +€998
up €998 (+2.8%), from €35,745 to €36,743
- Tax, wage and social debts -€833
down €833 (-12.8%), from €6,515 to €5,681
of which Taxes: -€1,515
- Gross operating margin -€11,347
down €11,347 (-64.2%), from €17,671 to €6,324
- Other operating charges -€6,718
down €6,718 (-90.2%), from €7,448 to €730
- Depreciation +€1,626
up €1,626 (+63.3%), from €2,570 to €4,196
- Taxes -€1,241
down €1,241 (-81.9%), from €1,515 to €274
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 | €54,793 | €45,025 | -€9,768 | -17.8% |
| Fixed assets | 21/28 | €13,707 | €9,511 | -€4,196 | -30.6% |
| Tangible fixed assets | 22/27 | €13,707 | €9,511 | -€4,196 | -30.6% |
| Furniture and vehicles | 24 | €13,707 | €9,511 | -€4,196 | -30.6% |
| Current assets | 29/58 | €41,086 | €35,514 | -€5,572 | -13.6% |
| Amounts receivable within one year | 40/41 | €10,265 | €8,482 | -€1,784 | -17.4% |
| Trade receivables | 40 | €9,217 | €6,909 | -€2,308 | -25.0% |
| Other amounts receivable | 41 | €1,048 | €1,573 | +€525 | +50.1% |
| Cash at bank and in hand | 54/58 | €28,348 | €24,247 | -€4,101 | -14.5% |
| Deferred charges and accrued income | 490/1 | €2,472 | €2,785 | +€313 | +12.7% |
| Total equity and liabilities | 10/49 | €54,793 | €45,025 | -€9,768 | -17.8% |
| Equity | 10/15 | €36,745 | €37,743 | +€998 | +2.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,745 | €36,743 | +€998 | +2.8% |
| Amounts payable | 17/49 | €18,048 | €7,282 | -€10,766 | -59.7% |
| Amounts payable within one year | 42/48 | €18,048 | €7,282 | -€10,766 | -59.7% |
| Trade debts | 44 | €822 | €1,210 | +€388 | +47.2% |
| Suppliers | 440/4 | €822 | €1,210 | +€388 | +47.2% |
| Taxes, remuneration and social security | 45 | €6,515 | €5,681 | -€833 | -12.8% |
| Taxes | 450/3 | €1,515 | - | -€1,515 | |
| Remuneration and social security | 454/9 | €5,000 | €5,681 | +€681 | +13.6% |
| Other amounts payable | 47/48 | €10,711 | €390 | -€10,321 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,570 | €4,196 | +€1,626 | +63.3% |
| Other operating charges | 640/8 | €7,448 | €730 | -€6,718 | -90.2% |
| Gross operating margin | 9900 | €17,671 | €6,324 | -€11,347 | -64.2% |
| Operating profit (loss) | 9901 | €7,652 | €1,397 | -€6,255 | -81.7% |
| Financial charges | 65/66B | €123 | €125 | +€2 | +1.5% |
| Recurring financial charges | 65 | €123 | €125 | +€2 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €7,529 | €1,272 | -€6,257 | -83.1% |
| Income taxes | 67/77 | €1,515 | €274 | -€1,241 | -81.9% |
| Profit (loss) for the period | 9904 | €6,014 | €998 | -€5,016 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,014 | €998 | -€5,016 | -83.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.