ARDAM: 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.
ARDAM
Largest movements
- Tangible fixed assets -€33,874
down €33,874 (-31.8%), from €106,673 to €72,798
- Receivables within one year +€22,404
up €22,404 (+17.7%), from €126,279 to €148,683
- Cash +€8,013
up €8,013 (+36.8%), from €21,754 to €29,767
mainly Depreciation (+€33,874) and Net result for the year (+€7,892)
- Debts after one year -€12,780
down €12,780 (-44.1%), from €28,949 to €16,169
- Profit (loss) carried forward +€7,892
up €7,892 (+15.7%), from -€50,313 to -€42,421
- Gross operating margin -€1,654
down €1,654 (-3.4%), from €48,900 to €47,246
- Purchases and services +€1,035
up €1,035 (+11.0%), from €9,430 to €10,465
- Turnover -€619
down €619 (-1.1%), from €58,331 to €57,711
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €254,705 | €251,248 | -€3,457 | -1.4% |
| Fixed assets | 21/28 | €106,673 | €72,798 | -€33,874 | -31.8% |
| Tangible fixed assets | 22/27 | €106,673 | €72,798 | -€33,874 | -31.8% |
| Land and buildings | 22 | €106,673 | €72,798 | -€33,874 | -31.8% |
| Current assets | 29/58 | €148,033 | €178,450 | +€30,417 | +20.5% |
| Amounts receivable within one year | 40/41 | €126,279 | €148,683 | +€22,404 | +17.7% |
| Other amounts receivable | 41 | €126,279 | €148,683 | +€22,404 | +17.7% |
| Cash at bank and in hand | 54/58 | €21,754 | €29,767 | +€8,013 | +36.8% |
| Total equity and liabilities | 10/49 | €254,705 | €251,248 | -€3,457 | -1.4% |
| Equity | 10/15 | €224,687 | €232,579 | +€7,892 | +3.5% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Capital | 10 | €150,000 | - | -€150,000 | |
| Issued capital | 100 | €150,000 | - | -€150,000 | |
| Outside capital | 11 | €125,000 | - | -€125,000 | |
| Share premium | 1100/10 | €125,000 | - | -€125,000 | |
| Profit (loss) carried forward | 14 | -€50,313 | -€42,421 | +€7,892 | +15.7% |
| Amounts payable | 17/49 | €30,018 | €18,669 | -€11,349 | -37.8% |
| Amounts payable after more than one year | 17 | €28,949 | €16,169 | -€12,780 | -44.1% |
| Financial debts | 170/4 | €28,949 | €16,169 | -€12,780 | -44.1% |
| Amounts payable within one year | 42/48 | €1,069 | €0 | -€1,069 | -100.0% |
| Trade debts | 44 | €1,069 | €0 | -€1,069 | -100.0% |
| Suppliers | 440/4 | €1,069 | €0 | -€1,069 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Turnover | 70 | €58,331 | €57,711 | -€619 | -1.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,430 | €10,465 | +€1,035 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,874 | €33,874 | +€0 | 0.0% |
| Other operating charges | 640/8 | €10,446 | €10,012 | -€435 | -4.2% |
| Gross operating margin | 9900 | €48,900 | €47,246 | -€1,654 | -3.4% |
| Operating profit (loss) | 9901 | €4,580 | €3,361 | -€1,219 | -26.6% |
| Financial income | 75/76B | €4,861 | €5,164 | +€303 | +6.2% |
| Recurring financial income | 75 | €4,861 | €5,164 | +€303 | +6.2% |
| Financial charges | 65/66B | €989 | €632 | -€357 | -36.1% |
| Recurring financial charges | 65 | €989 | €632 | -€357 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €8,452 | €7,892 | -€559 | -6.6% |
| Profit (loss) for the period | 9904 | €8,452 | €7,892 | -€559 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,452 | €7,892 | -€559 | -6.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.