Ardafox: 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.
Ardafox
Largest movements
- Cash -€37,617
down €37,617 (-72.2%), from €52,115 to €14,498
mainly Deferred charges and accrued income (-€24,000) and Trade debts (-€19,226)
- Deferred charges and accrued income +€24,000
up €24,000 (+109.1%), from €22,000 to €46,000
- Receivables within one year +€10,777
up €10,777 (+116.4%), from €9,260 to €20,037
of which Trade receivables: +€7,816
- Tangible fixed assets +€8,973
up €8,973 (+87.1%), from €10,298 to €19,271
of which Furniture and vehicles: +€6,567
- Reserves +€25,000
up €25,000 (+46.3%), from €54,000 to €79,000
of which Distributable reserves: +€25,000
- Trade debts -€19,226
no longer reported in 2025 (was €19,226)
- Other debts -€3,455
no longer reported in 2025 (was €3,455)
- Profit (loss) carried forward +€3,245
up €3,245 (+87.5%), from €3,710 to €6,955
- Provisions +€1,500
up €1,500 (+100.0%), from €1,500 to €3,000
- Turnover -€206,703
no longer reported in 2025 (was €206,703)
- Purchases and services -€102,556
no longer reported in 2025 (was €102,556)
- Gross operating margin -€50,098
down €50,098 (-47.9%), from €104,584 to €54,486
- Taxes -€12,453
down €12,453 (-57.0%), from €21,864 to €9,411
- Staff costs -€9,410
down €9,410 (-47.7%), from €19,739 to €10,328
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.
Cash bridge derived
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 | €93,673 | €99,806 | +€6,133 | +6.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €10,298 | €19,271 | +€8,973 | +87.1% |
| Tangible fixed assets | 22/27 | €10,298 | €19,271 | +€8,973 | +87.1% |
| Furniture and vehicles | 24 | €10,298 | €16,865 | +€6,567 | +63.8% |
| Other tangible fixed assets | 26 | - | €2,406 | +€2,406 | |
| Current assets | 29/58 | €83,375 | €80,535 | -€2,841 | -3.4% |
| Amounts receivable within one year | 40/41 | €9,260 | €20,037 | +€10,777 | +116.4% |
| Trade receivables | 40 | €9,260 | €17,077 | +€7,816 | +84.4% |
| Other amounts receivable | 41 | - | €2,960 | +€2,960 | |
| Cash at bank and in hand | 54/58 | €52,115 | €14,498 | -€37,617 | -72.2% |
| Deferred charges and accrued income | 490/1 | €22,000 | €46,000 | +€24,000 | +109.1% |
| Total equity and liabilities | 10/49 | €93,673 | €99,806 | +€6,133 | +6.5% |
| Equity | 10/15 | €59,710 | €87,955 | +€28,245 | +47.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €54,000 | €79,000 | +€25,000 | +46.3% |
| Non-distributable reserves | 130/1 | €1,080 | €1,080 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,080 | €1,080 | = | 0.0% |
| Distributable reserves | 133 | €52,920 | €77,920 | +€25,000 | +47.2% |
| Profit (loss) carried forward | 14 | €3,710 | €6,955 | +€3,245 | +87.5% |
| Provisions and deferred taxes | 16 | €1,500 | €3,000 | +€1,500 | +100.0% |
| Provisions for liabilities and charges | 160/5 | €1,500 | €3,000 | +€1,500 | +100.0% |
| Pensions and similar obligations | 160 | €1,500 | €3,000 | +€1,500 | +100.0% |
| Amounts payable | 17/49 | €32,463 | €8,850 | -€23,613 | -72.7% |
| Amounts payable within one year | 42/48 | €32,463 | €8,850 | -€23,613 | -72.7% |
| Trade debts | 44 | €19,226 | - | -€19,226 | |
| Suppliers | 440/4 | €19,226 | - | -€19,226 | |
| Taxes, remuneration and social security | 45 | €9,782 | €8,850 | -€931 | -9.5% |
| Taxes | 450/3 | €9,782 | €8,850 | -€931 | -9.5% |
| Other amounts payable | 47/48 | €3,455 | - | -€3,455 | |
| Turnover | 70 | €206,703 | - | -€206,703 | |
| Goods, raw materials, services and sundry goods | 60/61 | €102,556 | - | -€102,556 | |
| Remuneration, social security and pensions | 62 | €19,739 | €10,328 | -€9,410 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,283 | €4,412 | +€1,129 | +34.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,500 | €1,500 | = | 0.0% |
| Other operating charges | 640/8 | €374 | €170 | -€204 | -54.5% |
| Gross operating margin | 9900 | €104,584 | €54,486 | -€50,098 | -47.9% |
| Operating profit (loss) | 9901 | €79,688 | €38,076 | -€41,612 | -52.2% |
| Financial income | 75/76B | €100 | €4 | -€96 | -96.1% |
| Recurring financial income | 75 | €100 | €4 | -€96 | -96.1% |
| Financial charges | 65/66B | €214 | €424 | +€210 | +98.4% |
| Recurring financial charges | 65 | €214 | €424 | +€210 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | €79,574 | €37,656 | -€41,918 | -52.7% |
| Income taxes | 67/77 | €21,864 | €9,411 | -€12,453 | -57.0% |
| Profit (loss) for the period | 9904 | €57,710 | €28,245 | -€29,465 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,710 | €28,245 | -€29,465 | -51.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.