ARDE: 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.
ARDE
Largest movements
- Tangible fixed assets -€15,532
down €15,532 (-3.2%), from €488,320 to €472,788
- Cash +€5,795
up €5,795 (+217.9%), from €2,660 to €8,455
mainly Depreciation (+€15,532) and Net result for the year (+€7,539)
- Debts after one year -€18,689
down €18,689 (-7.7%), from €243,915 to €225,226
- Profit (loss) carried forward +€9,594
up €9,594 (+80.2%), from -€11,970 to -€2,376
- Purchases and services -€6,165
down €6,165 (-69.0%), from €8,930 to €2,765
- Gross operating margin +€5,816
up €5,816 (+23.5%), from €24,719 to €30,535
- Financial income -€2,493
no longer reported in 2024 (was €2,493)
of which Financial income: -€2,493
- Financial charges -€428
down €428 (-5.4%), from €7,892 to €7,464
- Turnover -€349
down €349 (-1.0%), from €33,649 to €33,300
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 | €490,980 | €481,243 | -€9,737 | -2.0% |
| Fixed assets | 21/28 | €488,320 | €472,788 | -€15,532 | -3.2% |
| Tangible fixed assets | 22/27 | €488,320 | €472,788 | -€15,532 | -3.2% |
| Land and buildings | 22 | €488,320 | €472,788 | -€15,532 | -3.2% |
| Current assets | 29/58 | €2,660 | €8,455 | +€5,795 | +217.9% |
| Cash at bank and in hand | 54/58 | €2,660 | €8,455 | +€5,795 | +217.9% |
| Total equity and liabilities | 10/49 | €490,980 | €481,243 | -€9,737 | -2.0% |
| Equity | 10/15 | €46,925 | €55,163 | +€8,238 | +17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,295 | €38,939 | -€1,356 | -3.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,435 | €37,079 | -€1,356 | -3.5% |
| Profit (loss) carried forward | 14 | -€11,970 | -€2,376 | +€9,594 | +80.2% |
| Provisions and deferred taxes | 16 | €19,800 | €19,101 | -€699 | -3.5% |
| Deferred taxes | 168 | €19,800 | €19,101 | -€699 | -3.5% |
| Amounts payable | 17/49 | €424,255 | €406,979 | -€17,276 | -4.1% |
| Amounts payable after more than one year | 17 | €243,915 | €225,226 | -€18,689 | -7.7% |
| Financial debts | 170/4 | €243,915 | €225,226 | -€18,689 | -7.7% |
| Amounts payable within one year | 42/48 | €180,340 | €181,003 | +€663 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €18,155 | €18,689 | +€534 | +2.9% |
| Trade debts | 44 | €482 | €306 | -€176 | -36.5% |
| Suppliers | 440/4 | €482 | €306 | -€176 | -36.5% |
| Other amounts payable | 47/48 | €161,703 | €162,008 | +€305 | +0.2% |
| Accrued charges and deferred income | 492/3 | - | €750 | +€750 | |
| Turnover | 70 | €33,649 | €33,300 | -€349 | -1.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,930 | €2,765 | -€6,165 | -69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,532 | €15,532 | = | 0.0% |
| Other operating charges | 640/8 | €85 | - | -€85 | |
| Gross operating margin | 9900 | €24,719 | €30,535 | +€5,816 | +23.5% |
| Operating profit (loss) | 9901 | €9,102 | €15,003 | +€5,901 | +64.8% |
| Financial income | 75/76B | €2,493 | - | -€2,493 | |
| Recurring financial income | 75 | €2,493 | - | -€2,493 | |
| Non-recurring financial income | 76B | €2,493 | - | -€2,493 | |
| Financial charges | 65/66B | €7,892 | €7,464 | -€428 | -5.4% |
| Recurring financial charges | 65 | €7,892 | €7,464 | -€428 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €3,703 | €7,539 | +€3,836 | +103.6% |
| Profit (loss) for the period | 9904 | €3,703 | €7,539 | +€3,836 | +103.6% |
| Transfer from tax-exempt reserves | 789 | €2,055 | €2,055 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,758 | €9,594 | +€3,836 | +66.6% |
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 28 September 2026 via checked.be.