ARDACCO: 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.
ARDACCO
Largest movements
- Tangible fixed assets -€12,121
down €12,121 (-3.6%), from €334,319 to €322,198
- Debts after one year -€19,222
down €19,222 (-3.3%), from €582,159 to €562,936
- Gross operating margin -€2,392
down €2,392 (-5.6%), from €42,402 to €40,010
- Financial charges -€476
down €476 (-3.2%), from €14,978 to €14,501
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 | €359,827 | €344,756 | -€15,071 | -4.2% |
| Fixed assets | 21/28 | €334,319 | €322,198 | -€12,121 | -3.6% |
| Tangible fixed assets | 22/27 | €334,319 | €322,198 | -€12,121 | -3.6% |
| Land and buildings | 22 | €334,319 | €322,198 | -€12,121 | -3.6% |
| Current assets | 29/58 | €25,509 | €22,559 | -€2,950 | -11.6% |
| Amounts receivable within one year | 40/41 | €5,314 | €3,743 | -€1,572 | -29.6% |
| Trade receivables | 40 | €5,314 | €3,743 | -€1,572 | -29.6% |
| Cash at bank and in hand | 54/58 | €19,842 | €18,443 | -€1,400 | -7.1% |
| Deferred charges and accrued income | 490/1 | €352 | €373 | +€21 | +6.0% |
| Total equity and liabilities | 10/49 | €359,827 | €344,756 | -€15,071 | -4.2% |
| Equity | 10/15 | -€237,642 | -€235,592 | +€2,050 | +0.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€287,642 | -€285,592 | +€2,050 | +0.7% |
| Amounts payable | 17/49 | €597,469 | €580,348 | -€17,121 | -2.9% |
| Amounts payable after more than one year | 17 | €582,159 | €562,936 | -€19,222 | -3.3% |
| Financial debts | 170/4 | €582,159 | €562,936 | -€19,222 | -3.3% |
| Amounts payable within one year | 42/48 | €333 | €2,915 | +€2,583 | +776% |
| Trade debts | 44 | €333 | €767 | +€434 | +130% |
| Suppliers | 440/4 | €333 | €767 | +€434 | +130% |
| Taxes, remuneration and social security | 45 | - | €2,149 | +€2,149 | |
| Taxes | 450/3 | - | €2,149 | +€2,149 | |
| Accrued charges and deferred income | 492/3 | €14,978 | €14,496 | -€481 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,437 | €21,389 | -€48 | -0.2% |
| Other operating charges | 640/8 | €2,008 | €2,070 | +€61 | +3.1% |
| Gross operating margin | 9900 | €42,402 | €40,010 | -€2,392 | -5.6% |
| Operating profit (loss) | 9901 | €18,957 | €16,552 | -€2,405 | -12.7% |
| Financial charges | 65/66B | €14,978 | €14,501 | -€476 | -3.2% |
| Recurring financial charges | 65 | €14,978 | €14,501 | -€476 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €3,979 | €2,050 | -€1,929 | -48.5% |
| Profit (loss) for the period | 9904 | €3,979 | €2,050 | -€1,929 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,979 | €2,050 | -€1,929 | -48.5% |
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 21 October 2026 via checked.be.