ARD'N IMMO: 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'N IMMO
Largest movements
- Tangible fixed assets +€60,705
up €60,705 (+7.3%), from €828,774 to €889,479
- Other debts +€55,000
up €55,000 (+34.3%), from €160,175 to €215,175
- Debts after one year -€17,553
down €17,553 (-4.1%), from €429,141 to €411,588
- Trade debts +€15,890
up €15,890 (+32.9%), from €48,354 to €64,244
- Gross operating margin +€15,077
up €15,077 (+180%), from €8,378 to €23,454
- Financial charges -€1,387
down €1,387 (-6.4%), from €21,542 to €20,155
- Other operating charges -€1,004
down €1,004 (-28.4%), from €3,538 to €2,535
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 | €853,081 | €907,346 | +€54,264 | +6.4% |
| Formation expenses | 20 | €1,386 | €816 | -€570 | -41.1% |
| Fixed assets | 21/28 | €828,774 | €889,479 | +€60,705 | +7.3% |
| Tangible fixed assets | 22/27 | €828,774 | €889,479 | +€60,705 | +7.3% |
| Land and buildings | 22 | €828,774 | €889,479 | +€60,705 | +7.3% |
| Current assets | 29/58 | €22,921 | €17,051 | -€5,870 | -25.6% |
| Amounts receivable within one year | 40/41 | €13,207 | €15,308 | +€2,101 | +15.9% |
| Other amounts receivable | 41 | €13,207 | €15,308 | +€2,101 | +15.9% |
| Cash at bank and in hand | 54/58 | €9,714 | €1,593 | -€8,121 | -83.6% |
| Deferred charges and accrued income | 490/1 | - | €149 | +€149 | |
| Total equity and liabilities | 10/49 | €853,081 | €907,346 | +€54,264 | +6.4% |
| Equity | 10/15 | €198,536 | €198,731 | +€195 | +0.1% |
| Contributions | 10/11 | €297,500 | €297,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,964 | -€98,769 | +€195 | +0.2% |
| Amounts payable | 17/49 | €654,546 | €708,615 | +€54,069 | +8.3% |
| Amounts payable after more than one year | 17 | €429,141 | €411,588 | -€17,553 | -4.1% |
| Financial debts | 170/4 | €429,141 | €411,588 | -€17,553 | -4.1% |
| Amounts payable within one year | 42/48 | €225,309 | €296,972 | +€71,663 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €16,780 | €17,553 | +€773 | +4.6% |
| Trade debts | 44 | €48,354 | €64,244 | +€15,890 | +32.9% |
| Suppliers | 440/4 | €48,354 | €64,244 | +€15,890 | +32.9% |
| Other amounts payable | 47/48 | €160,175 | €215,175 | +€55,000 | +34.3% |
| Accrued charges and deferred income | 492/3 | €95 | €54 | -€41 | -43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €732 | €570 | -€162 | -22.1% |
| Other operating charges | 640/8 | €3,538 | €2,535 | -€1,004 | -28.4% |
| Gross operating margin | 9900 | €8,378 | €23,454 | +€15,077 | +180% |
| Operating profit (loss) | 9901 | €4,107 | €20,350 | +€16,242 | +395% |
| Financial charges | 65/66B | €21,542 | €20,155 | -€1,387 | -6.4% |
| Recurring financial charges | 65 | €21,542 | €20,155 | -€1,387 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,434 | €195 | +€17,629 | |
| Profit (loss) for the period | 9904 | -€17,434 | €195 | +€17,629 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,434 | €195 | +€17,629 |
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 20 October 2026 via checked.be.