ARDA IMMO: what changed
Two fiscal 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.
What changed
ARDA IMMO
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€21,616
2025 · €5.2m-€5.2m
Equity
€5.3m
2025 · €5.3m+€21,616
Cash
€5.3m
2025 · €9.3m-€4.0m
Balance sheet total
€5.3m
2025 · €9.4m-€4.1m
Largest movements
Assets
- Cash -€4.0m
down €4.0m (-43.0%), from €9.3m to €5.3m
mainly Other debts (-€4.0m) and Tax, wage and social debts (-€67,916)
Equity and liabilities
- Other debts -€4.0m
no longer reported in 2026 (was €4.0m)
Income statement
- Taxes -€1.6m
down €1.6m (-93.2%), from €1.8m to €118,999
of which Taxes: -€1.6m
- Other operating income -€451,528
down €451,528 (-74.7%), from €604,497 to €152,969
- Services and other goods -€258,707
down €258,707 (-76.9%), from €336,516 to €77,808
From the 2025 result to the 2026 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.
Result 2025
€5.2m
Depreciation
+€34,797
Other operating charges
+€84,842
Other operating items
-€7.0m
Financial income
+€65,882
Financial charges
-€138
Taxes
+€1.6m
Deferred taxes and other
-€27,763
Result 2026
€21,616
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€4.0m
Investment
€0
Financing
€0
Cash 2025
€9.3m
From operations (derived)
-€4.0m
Net result for the year
+€21,616
Receivables within one year
+€92,712
Deferred charges and accrued income
+€2,035
Trade debts
-€30,202
Tax, wage and social debts
-€67,916
Other debts
-€4.0m
Accrued charges and deferred income
-€10,955
Cash 2026
€5.3m
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,391,599 | €5,304,142 | -€4.1m | -43.5% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Land and buildings | 22 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €9,391,599 | €5,304,142 | -€4.1m | -43.5% |
| Amounts receivable within one year | 40/41 | €93,443 | €731 | -€92,712 | -99.2% |
| Trade receivables | 40 | €12,501 | - | -€12,501 | |
| Other amounts receivable | 41 | €80,942 | €731 | -€80,211 | -99.1% |
| Cash at bank and in hand | 54/58 | €9,296,121 | €5,303,410 | -€4.0m | -43.0% |
| Deferred charges and accrued income | 490/1 | €2,035 | - | -€2,035 | |
| Total equity and liabilities | 10/49 | €9,391,599 | €5,304,142 | -€4.1m | -43.5% |
| Equity | 10/15 | €5,282,525 | €5,304,142 | +€21,616 | +0.4% |
| Contributions | 10/11 | €180,251 | €180,251 | = | 0.0% |
| Revaluation surpluses | 12 | €31,562 | €31,562 | = | 0.0% |
| Reserves | 13 | €2,061,940 | €2,061,940 | = | 0.0% |
| Non-distributable reserves | 130/1 | €309,500 | €309,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €309,500 | €309,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €296,258 | €296,258 | = | 0.0% |
| Distributable reserves | 133 | €1,456,182 | €1,456,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,008,772 | €3,030,388 | +€21,616 | +0.7% |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €4,109,074 | - | -€4.1m | |
| Amounts payable within one year | 42/48 | €4,098,119 | - | -€4.1m | |
| Trade debts | 44 | €30,202 | - | -€30,202 | |
| Suppliers | 440/4 | €30,202 | - | -€30,202 | |
| Taxes, remuneration and social security | 45 | €67,916 | - | -€67,916 | |
| Taxes | 450/3 | €67,916 | - | -€67,916 | |
| Other amounts payable | 47/48 | €4,000,000 | - | -€4.0m | |
| Accrued charges and deferred income | 492/3 | €10,955 | - | -€10,955 | |
| Operating income | 70/76A | €7,422,173 | €152,969 | -€7.3m | -97.9% |
| Other operating income | 74 | €604,497 | €152,969 | -€451,528 | -74.7% |
| Non-recurring operating income | 76A | €6,817,676 | €0 | -€6.8m | -100.0% |
| Operating charges | 60/66A | €461,154 | €82,808 | -€378,346 | -82.0% |
| Services and other goods | 61 | €336,516 | €77,808 | -€258,707 | -76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,797 | €0 | -€34,797 | -100.0% |
| Other operating charges | 640/8 | €89,842 | €5,000 | -€84,842 | -94.4% |
| Operating profit (loss) | 9901 | €6,961,020 | €70,161 | -€6.9m | -99.0% |
| Financial income | 75/76B | €4,952 | €70,835 | +€65,882 | +1330.4% |
| Recurring financial income | 75 | €4,952 | €70,835 | +€65,882 | +1330.4% |
| Income from current assets | 751 | - | €66,761 | +€66,761 | |
| Other financial income | 752/9 | €4,952 | €4,073 | -€879 | -17.7% |
| Financial charges | 65/66B | €242 | €380 | +€138 | +57.2% |
| Recurring financial charges | 65 | €242 | €380 | +€138 | +57.2% |
| Debt charges | 650 | €242 | €380 | +€138 | +57.2% |
| Other financial charges | 652/9 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €6,965,730 | €140,616 | -€6.8m | -98.0% |
| Transfer from deferred taxes | 780 | €27,763 | - | -€27,763 | |
| Income taxes | 67/77 | €1,761,935 | €118,999 | -€1.6m | -93.2% |
| Taxes | 670/3 | €1,761,935 | €119,028 | -€1.6m | -93.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €29 | +€29 | |
| Profit (loss) for the period | 9904 | €5,231,559 | €21,616 | -€5.2m | -99.6% |
| Transfer from tax-exempt reserves | 789 | €54,245 | - | -€54,245 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,285,804 | €21,616 | -€5.3m | -99.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2025 and 28 September 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.