ARDDY: 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.
ARDDY
Largest movements
- Tangible fixed assets -€9,036
down €9,036 (-3.2%), from €279,557 to €270,521
of which Land and buildings: -€9,681
- Stocks and contracts -€7,465
down €7,465 (-80.6%), from €9,265 to €1,800
of which Contracts in progress: -€9,265
- Cash +€5,762
up €5,762 (+1,434%), from €402 to €6,163
mainly Other debts (+€37,212) and Depreciation (+€12,172)
- Other debts +€37,212
up €37,212 (+1,197%), from €3,110 to €40,322
- Debts after one year -€22,174
down €22,174 (-15.5%), from €142,847 to €120,673
- Tax, wage and social debts -€10,870
no longer reported in 2025 (was €10,870)
of which Taxes: -€7,588
- Trade debts -€9,697
down €9,697 (-85.9%), from €11,286 to €1,589
- Gross operating margin -€79,259
down €79,259 (-81.4%), from €97,389 to €18,129
- Staff costs -€76,043
down €76,043 (-95.9%), from €79,319 to €3,276
- Turnover -€58,084
down €58,084 (-37.5%), from €155,001 to €96,917
- Purchases and services +€12,377
up €12,377 (+21.5%), from €57,612 to €69,989
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 | €307,559 | €299,132 | -€8,427 | -2.7% |
| Fixed assets | 21/28 | €280,958 | €272,705 | -€8,253 | -2.9% |
| Tangible fixed assets | 22/27 | €279,557 | €270,521 | -€9,036 | -3.2% |
| Land and buildings | 22 | €255,206 | €245,525 | -€9,681 | -3.8% |
| Plant, machinery and equipment | 23 | €24,351 | €21,906 | -€2,445 | -10.0% |
| Furniture and vehicles | 24 | - | €3,090 | +€3,090 | |
| Financial fixed assets | 28 | €1,401 | €2,184 | +€782 | +55.8% |
| Current assets | 29/58 | €26,601 | €26,427 | -€174 | -0.7% |
| Stocks and contracts in progress | 3 | €9,265 | €1,800 | -€7,465 | -80.6% |
| Stocks | 30/36 | - | €1,800 | +€1,800 | |
| Contracts in progress | 37 | €9,265 | - | -€9,265 | |
| Amounts receivable within one year | 40/41 | €16,349 | €17,738 | +€1,389 | +8.5% |
| Trade receivables | 40 | €3,912 | €17,096 | +€13,185 | +337% |
| Other amounts receivable | 41 | €12,438 | €642 | -€11,795 | -94.8% |
| Cash at bank and in hand | 54/58 | €402 | €6,163 | +€5,762 | +1,434% |
| Deferred charges and accrued income | 490/1 | €585 | €725 | +€141 | +24.1% |
| Total equity and liabilities | 10/49 | €307,559 | €299,132 | -€8,427 | -2.7% |
| Equity | 10/15 | €116,964 | €114,375 | -€2,589 | -2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,689 | €105,689 | = | 0.0% |
| Distributable reserves | 133 | €105,689 | €105,689 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,075 | €2,486 | -€2,589 | -51.0% |
| Amounts payable | 17/49 | €190,595 | €184,757 | -€5,838 | -3.1% |
| Amounts payable after more than one year | 17 | €142,847 | €120,673 | -€22,174 | -15.5% |
| Financial debts | 170/4 | €142,847 | €120,673 | -€22,174 | -15.5% |
| Amounts payable within one year | 42/48 | €47,650 | €64,084 | +€16,434 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €22,384 | €22,174 | -€210 | -0.9% |
| Trade debts | 44 | €11,286 | €1,589 | -€9,697 | -85.9% |
| Suppliers | 440/4 | €11,286 | €1,589 | -€9,697 | -85.9% |
| Taxes, remuneration and social security | 45 | €10,870 | - | -€10,870 | |
| Taxes | 450/3 | €7,588 | - | -€7,588 | |
| Remuneration and social security | 454/9 | €3,282 | - | -€3,282 | |
| Other amounts payable | 47/48 | €3,110 | €40,322 | +€37,212 | +1,197% |
| Accrued charges and deferred income | 492/3 | €98 | - | -€98 | |
| Turnover | 70 | €155,001 | €96,917 | -€58,084 | -37.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €57,612 | €69,989 | +€12,377 | +21.5% |
| Remuneration, social security and pensions | 62 | €79,319 | €3,276 | -€76,043 | -95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,017 | €12,172 | +€155 | +1.3% |
| Other operating charges | 640/8 | €840 | €797 | -€43 | -5.2% |
| Non-recurring operating charges | 66A | €1,496 | - | -€1,496 | |
| Gross operating margin | 9900 | €97,389 | €18,129 | -€79,259 | -81.4% |
| Operating profit (loss) | 9901 | €3,716 | €1,884 | -€1,832 | -49.3% |
| Financial charges | 65/66B | €2,999 | €4,473 | +€1,475 | +49.2% |
| Recurring financial charges | 65 | €3,270 | €5,256 | +€1,986 | +60.7% |
| Non-recurring financial charges | 66B | -€271 | -€782 | -€511 | -188% |
| Profit (loss) for the period before taxes | 9903 | €718 | -€2,589 | -€3,307 | |
| Income taxes | 67/77 | €291 | -€0 | -€291 | |
| Profit (loss) for the period | 9904 | €427 | -€2,589 | -€3,016 | |
| Profit (loss) for the period to be appropriated | 9905 | €427 | -€2,589 | -€3,016 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.