ARDE - IMMO: 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 - IMMO
Largest movements
- Cash -€150,810
down €150,810 (-70.6%), from €213,533 to €62,723
mainly Tax, wage and social debts (-€107,179) and Stocks and contracts (-€39,542)
- Stocks and contracts +€39,542
up €39,542 (+23.3%), from €170,000 to €209,542
- Tax, wage and social debts -€107,179
down €107,179 (-73.2%), from €146,500 to €39,321
- Profit (loss) carried forward -€21,282
down €21,282, from €0 to -€21,282
- Trade debts +€17,439
up €17,439 (+392.0%), from €4,449 to €21,888
- Gross operating margin -€172,715
down €172,715, from €156,616 to -€16,099
- Taxes -€39,321
no longer reported in 2024 (was €39,321)
- Financial charges -€3,670
down €3,670 (-68.4%), from €5,362 to €1,692
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 | €394,966 | €283,945 | -€111,021 | -28.1% |
| Fixed assets | 21/28 | €11,433 | €8,433 | -€3,000 | -26.2% |
| Tangible fixed assets | 22/27 | €11,433 | €8,433 | -€3,000 | -26.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €11,433 | €8,433 | -€3,000 | -26.2% |
| Current assets | 29/58 | €383,533 | €275,512 | -€108,021 | -28.2% |
| Stocks and contracts in progress | 3 | €170,000 | €209,542 | +€39,542 | +23.3% |
| Stocks | 30/36 | €170,000 | €209,542 | +€39,542 | +23.3% |
| Amounts receivable within one year | 40/41 | €0 | €3,248 | +€3,248 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €3,248 | +€3,248 | |
| Cash at bank and in hand | 54/58 | €213,533 | €62,723 | -€150,810 | -70.6% |
| Total equity and liabilities | 10/49 | €394,966 | €283,945 | -€111,021 | -28.1% |
| Equity | 10/15 | €119,964 | €98,682 | -€21,282 | -17.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €99,964 | €99,964 | = | 0.0% |
| Distributable reserves | 133 | €99,964 | €99,964 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€21,282 | -€21,282 | |
| Amounts payable | 17/49 | €275,002 | €185,263 | -€89,739 | -32.6% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €275,002 | €185,263 | -€89,739 | -32.6% |
| Trade debts | 44 | €4,449 | €21,888 | +€17,439 | +392.0% |
| Suppliers | 440/4 | €4,449 | €21,888 | +€17,439 | +392.0% |
| Taxes, remuneration and social security | 45 | €146,500 | €39,321 | -€107,179 | -73.2% |
| Taxes | 450/3 | €146,500 | €39,321 | -€107,179 | -73.2% |
| Other amounts payable | 47/48 | €124,053 | €124,053 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,000 | €3,000 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €611 | +€227 | +59.0% |
| Gross operating margin | 9900 | €156,616 | -€16,099 | -€172,715 | |
| Operating profit (loss) | 9901 | €153,231 | -€19,710 | -€172,942 | |
| Financial income | 75/76B | €1,361 | €120 | -€1,240 | -91.1% |
| Recurring financial income | 75 | €1,361 | €120 | -€1,240 | -91.1% |
| Financial charges | 65/66B | €5,362 | €1,692 | -€3,670 | -68.4% |
| Recurring financial charges | 65 | €5,362 | €1,692 | -€3,670 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €149,230 | -€21,282 | -€170,512 | |
| Income taxes | 67/77 | €39,321 | - | -€39,321 | |
| Profit (loss) for the period | 9904 | €109,908 | -€21,282 | -€131,190 | |
| Profit (loss) for the period to be appropriated | 9905 | €109,908 | -€21,282 | -€131,190 |
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 6 October 2026 via checked.be.