ARDA TEAM: 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 TEAM
Largest movements
- Cash -€60,751
down €60,751 (-60.3%), from €100,757 to €40,006
mainly Advances received (-€117,500) and Smaller working-capital items (-€110)
- Receivables within one year -€17,858
down €17,858 (-58.5%), from €30,527 to €12,669
- Advances received -€117,500
no longer reported in 2025 (was €117,500)
- Profit (loss) carried forward +€38,273
up €38,273 (+782%), from €4,892 to €43,165
- Gross operating margin +€48,280
up €48,280, from -€6,579 to €41,701
- Taxes +€5,000
new in 2025: €5,000
- Financial income +€2,232
new in 2025: €2,232
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 | €132,013 | €52,675 | -€79,337 | -60.1% |
| Current assets | 29/58 | €132,013 | €52,675 | -€79,337 | -60.1% |
| Amounts receivable within one year | 40/41 | €30,527 | €12,669 | -€17,858 | -58.5% |
| Other amounts receivable | 41 | €30,527 | €12,669 | -€17,858 | -58.5% |
| Cash at bank and in hand | 54/58 | €100,757 | €40,006 | -€60,751 | -60.3% |
| Deferred charges and accrued income | 490/1 | €729 | - | -€729 | |
| Total equity and liabilities | 10/49 | €132,013 | €52,675 | -€79,337 | -60.1% |
| Equity | 10/15 | €13,952 | €52,225 | +€38,273 | +274% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,892 | €43,165 | +€38,273 | +782% |
| Amounts payable | 17/49 | €118,060 | €450 | -€117,610 | -99.6% |
| Amounts payable within one year | 42/48 | €117,775 | - | -€117,775 | |
| Advances received on contracts in progress | 46 | €117,500 | - | -€117,500 | |
| Taxes, remuneration and social security | 45 | €275 | - | -€275 | |
| Taxes | 450/3 | €275 | - | -€275 | |
| Accrued charges and deferred income | 492/3 | €285 | €450 | +€165 | +57.9% |
| Other operating charges | 640/8 | €555 | €520 | -€36 | -6.4% |
| Gross operating margin | 9900 | -€6,579 | €41,701 | +€48,280 | |
| Operating profit (loss) | 9901 | -€7,134 | €41,181 | +€48,316 | |
| Financial income | 75/76B | - | €2,232 | +€2,232 | |
| Recurring financial income | 75 | - | €2,232 | +€2,232 | |
| Financial charges | 65/66B | €141 | €140 | -€1 | -1.0% |
| Recurring financial charges | 65 | €140 | €140 | +€0 | +0.1% |
| Non-recurring financial charges | 66B | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | -€7,276 | €43,273 | +€50,549 | |
| Income taxes | 67/77 | - | €5,000 | +€5,000 | |
| Profit (loss) for the period | 9904 | -€7,276 | €38,273 | +€45,549 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,276 | €38,273 | +€45,549 |
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 15 October 2026 via checked.be.