ARDAX: 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.
ARDAX
Largest movements
- Receivables within one year +€134,332
up €134,332 (+57,243%), from €235 to €134,567
of which Trade receivables: +€110,715
- Cash +€8,464
up €8,464 (+206,439%), from €4 to €8,468
mainly Trade debts (+€124,443) and Net result for the year (+€13,286)
- Trade debts +€124,443
up €124,443 (+27,487%), from €453 to €124,896
- Profit (loss) carried forward +€13,286
up €13,286 (+62.6%), from -€21,235 to -€7,949
- Tax, wage and social debts +€3,752
new in 2024: €3,752
- Other debts +€1,634
up €1,634 (+57.9%), from €2,821 to €4,455
- Gross operating margin +€15,922
up €15,922, from -€2,286 to €13,636
- Other operating charges -€1,267
down €1,267 (-84.2%), from €1,505 to €238
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.
Derived cash bridge
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 | €749 | €143,864 | +€143,115 | +19,106% |
| Fixed assets | 21/28 | €510 | €510 | = | 0.0% |
| Financial fixed assets | 28 | €510 | €510 | = | 0.0% |
| Current assets | 29/58 | €239 | €143,354 | +€143,115 | +59,938% |
| Amounts receivable within one year | 40/41 | €235 | €134,567 | +€134,332 | +57,243% |
| Trade receivables | 40 | - | €110,715 | +€110,715 | |
| Other amounts receivable | 41 | €235 | €23,852 | +€23,617 | +10,064% |
| Cash at bank and in hand | 54/58 | €4 | €8,468 | +€8,464 | +206,439% |
| Deferred charges and accrued income | 490/1 | - | €319 | +€319 | |
| Total equity and liabilities | 10/49 | €749 | €143,864 | +€143,115 | +19,106% |
| Equity | 10/15 | -€2,635 | €10,651 | +€13,286 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,235 | -€7,949 | +€13,286 | +62.6% |
| Amounts payable | 17/49 | €3,384 | €133,213 | +€129,829 | +3,836% |
| Amounts payable within one year | 42/48 | €3,384 | €133,213 | +€129,829 | +3,836% |
| Trade debts | 44 | €453 | €124,896 | +€124,443 | +27,487% |
| Suppliers | 440/4 | €453 | €124,896 | +€124,443 | +27,487% |
| Advances received on contracts in progress | 46 | €111 | €111 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €3,752 | +€3,752 | |
| Taxes | 450/3 | - | €3,752 | +€3,752 | |
| Other amounts payable | 47/48 | €2,821 | €4,455 | +€1,634 | +57.9% |
| Other operating charges | 640/8 | €1,505 | €238 | -€1,267 | -84.2% |
| Gross operating margin | 9900 | -€2,286 | €13,636 | +€15,922 | |
| Operating profit (loss) | 9901 | -€3,791 | €13,398 | +€17,189 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €187 | €113 | -€74 | -39.8% |
| Recurring financial charges | 65 | €187 | €113 | -€74 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,978 | €13,286 | +€17,264 | |
| Profit (loss) for the period | 9904 | -€3,978 | €13,286 | +€17,264 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,978 | €13,286 | +€17,264 |
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 15 October 2026 via checked.be.