ARDARE: 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.
ARDARE
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€32,326
down €32,326 (-7.8%), from -€412,113 to -€444,439
- Other debts +€19,698
up €19,698 (+4.5%), from €442,299 to €461,997
- Trade debts +€10,236
up €10,236 (+21.2%), from €48,256 to €58,493
- Financial charges -€10,204
no longer reported in 2024 (was €10,204)
- Other operating charges -€3,132
down €3,132 (-24.3%), from €12,872 to €9,740
- Depreciation -€2,667
down €2,667 (-52.4%), from €5,089 to €2,423
- Taxes +€1,961
up €1,961 (+11.1%), from €17,737 to €19,698
- Gross operating margin -€1,116
down €1,116, from €651 to -€465
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 | €333,221 | €330,829 | -€2,392 | -0.7% |
| Fixed assets | 21/28 | €236,342 | €233,919 | -€2,423 | -1.0% |
| Intangible fixed assets | 21 | €0 | - | -€0 | |
| Tangible fixed assets | 22/27 | €236,341 | €233,919 | -€2,423 | -1.0% |
| Land and buildings | 22 | €236,341 | €233,919 | -€2,423 | -1.0% |
| Current assets | 29/58 | €96,879 | €96,910 | +€31 | 0.0% |
| Amounts receivable within one year | 40/41 | €95,616 | €95,647 | +€31 | 0.0% |
| Trade receivables | 40 | €84,283 | €84,283 | = | 0.0% |
| Other amounts receivable | 41 | €11,334 | €11,365 | +€31 | +0.3% |
| Cash at bank and in hand | 54/58 | €1,263 | €1,263 | = | 0.0% |
| Total equity and liabilities | 10/49 | €333,221 | €330,829 | -€2,392 | -0.7% |
| Equity | 10/15 | -€293,413 | -€325,739 | -€32,326 | -11.0% |
| Contributions | 10/11 | €118,700 | €118,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€412,113 | -€444,439 | -€32,326 | -7.8% |
| Amounts payable | 17/49 | €626,634 | €656,568 | +€29,935 | +4.8% |
| Amounts payable within one year | 42/48 | €626,634 | €656,568 | +€29,935 | +4.8% |
| Financial debts | 43 | €136,079 | €136,079 | = | 0.0% |
| Credit institutions | 430/8 | €136,079 | €136,079 | = | 0.0% |
| Trade debts | 44 | €48,256 | €58,493 | +€10,236 | +21.2% |
| Suppliers | 440/4 | €48,256 | €58,493 | +€10,236 | +21.2% |
| Other amounts payable | 47/48 | €442,299 | €461,997 | +€19,698 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,089 | €2,423 | -€2,667 | -52.4% |
| Other operating charges | 640/8 | €12,872 | €9,740 | -€3,132 | -24.3% |
| Gross operating margin | 9900 | €651 | -€465 | -€1,116 | |
| Operating profit (loss) | 9901 | -€17,310 | -€12,628 | +€4,682 | +27.1% |
| Financial charges | 65/66B | €10,204 | - | -€10,204 | |
| Recurring financial charges | 65 | €10,204 | - | -€10,204 | |
| Profit (loss) for the period before taxes | 9903 | -€27,515 | -€12,628 | +€14,887 | +54.1% |
| Income taxes | 67/77 | €17,737 | €19,698 | +€1,961 | +11.1% |
| Profit (loss) for the period | 9904 | -€45,252 | -€32,326 | +€12,926 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,252 | -€32,326 | +€12,926 | +28.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.