ARDA CAN: 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.
ARDA CAN
Largest movements
- Tangible fixed assets -€28,161
down €28,161 (-27.1%), from €103,932 to €75,771
of which Other tangible fixed assets: -€14,134
- Stocks and contracts +€25,141
up €25,141 (+20.1%), from €124,849 to €149,990
- Receivables within one year +€5,490
up €5,490 (+4.6%), from €119,384 to €124,874
- Other debts -€26,059
down €26,059 (-48.7%), from €53,505 to €27,446
- Trade debts +€17,255
up €17,255 (+18.3%), from €94,281 to €111,537
- Tax, wage and social debts +€9,739
up €9,739 (+35.3%), from €27,592 to €37,332
- Profit (loss) carried forward +€9,611
up €9,611 (+5.0%), from €191,942 to €201,553
- Debts after one year -€7,527
down €7,527 (-39.3%), from €19,146 to €11,619
- Taxes +€13,215
new in 2025: €13,215
- Gross operating margin -€11,720
down €11,720 (-10.1%), from €115,808 to €104,088
- Other operating charges +€5,325
up €5,325 (+80.8%), from €6,591 to €11,916
- Depreciation +€2,002
up €2,002 (+7.7%), from €26,159 to €28,161
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 | €401,739 | €405,073 | +€3,334 | +0.8% |
| Fixed assets | 21/28 | €108,997 | €80,836 | -€28,161 | -25.8% |
| Tangible fixed assets | 22/27 | €103,932 | €75,771 | -€28,161 | -27.1% |
| Furniture and vehicles | 24 | €36,404 | €22,377 | -€14,027 | -38.5% |
| Other tangible fixed assets | 26 | €67,528 | €53,395 | -€14,134 | -20.9% |
| Financial fixed assets | 28 | €5,065 | €5,065 | = | 0.0% |
| Current assets | 29/58 | €292,742 | €324,237 | +€31,495 | +10.8% |
| Stocks and contracts in progress | 3 | €124,849 | €149,990 | +€25,141 | +20.1% |
| Stocks | 30/36 | €124,849 | €149,990 | +€25,141 | +20.1% |
| Amounts receivable within one year | 40/41 | €119,384 | €124,874 | +€5,490 | +4.6% |
| Trade receivables | 40 | €119,384 | €124,874 | +€5,490 | +4.6% |
| Cash at bank and in hand | 54/58 | €48,508 | €49,373 | +€865 | +1.8% |
| Total equity and liabilities | 10/49 | €401,739 | €405,073 | +€3,334 | +0.8% |
| Equity | 10/15 | €200,002 | €209,613 | +€9,611 | +4.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Contributions outside capital | 11 | €8,060 | €8,060 | = | 0.0% |
| Other | 1109/19 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,942 | €201,553 | +€9,611 | +5.0% |
| Amounts payable | 17/49 | €201,737 | €195,460 | -€6,277 | -3.1% |
| Amounts payable after more than one year | 17 | €19,146 | €11,619 | -€7,527 | -39.3% |
| Financial debts | 170/4 | €19,146 | €11,619 | -€7,527 | -39.3% |
| Amounts payable within one year | 42/48 | €182,591 | €183,842 | +€1,251 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €7,212 | €7,527 | +€315 | +4.4% |
| Trade debts | 44 | €94,281 | €111,537 | +€17,255 | +18.3% |
| Suppliers | 440/4 | €94,281 | €111,537 | +€17,255 | +18.3% |
| Taxes, remuneration and social security | 45 | €27,592 | €37,332 | +€9,739 | +35.3% |
| Taxes | 450/3 | €27,592 | €37,332 | +€9,739 | +35.3% |
| Other amounts payable | 47/48 | €53,505 | €27,446 | -€26,059 | -48.7% |
| Remuneration, social security and pensions | 62 | €38,876 | €39,336 | +€460 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,159 | €28,161 | +€2,002 | +7.7% |
| Other operating charges | 640/8 | €6,591 | €11,916 | +€5,325 | +80.8% |
| Gross operating margin | 9900 | €115,808 | €104,088 | -€11,720 | -10.1% |
| Operating profit (loss) | 9901 | €44,183 | €24,675 | -€19,507 | -44.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,141 | €1,852 | -€290 | -13.5% |
| Recurring financial charges | 65 | €2,141 | €1,852 | -€290 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €42,041 | €22,826 | -€19,215 | -45.7% |
| Income taxes | 67/77 | - | €13,215 | +€13,215 | |
| Profit (loss) for the period | 9904 | €42,041 | €9,611 | -€32,431 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,041 | €9,611 | -€32,431 | -77.1% |
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.