ARDEA: 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.
ARDEA
Largest movements
- Current investments +€77,751
up €77,751 (+3.4%), from €2.3m to €2.4m
- Cash +€52,022
up €52,022 (+58.9%), from €88,373 to €140,394
mainly Net result for the year (+€88,048) and Receivables after one year (+€46,500)
- Receivables after one year -€46,500
down €46,500 (-25.0%), from €186,000 to €139,500
- Profit (loss) carried forward +€208,529
up €208,529 (+335.0%), from €62,250 to €270,779
- Reserves -€120,481
down €120,481 (-5.4%), from €2.3m to €2.1m
- Gross operating margin -€765,544
down €765,544 (-85.8%), from €892,083 to €126,539
- Other operating charges -€49,249
down €49,249 (-48.4%), from €101,836 to €52,587
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.
Cash bridge derived
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 | €2,557,609 | €2,645,657 | +€88,048 | +3.4% |
| Current assets | 29/58 | €2,557,609 | €2,645,657 | +€88,048 | +3.4% |
| Amounts receivable after more than one year | 29 | €186,000 | €139,500 | -€46,500 | -25.0% |
| Other amounts receivable | 291 | €186,000 | €139,500 | -€46,500 | -25.0% |
| Amounts receivable within one year | 40/41 | - | €2,244 | +€2,244 | |
| Other amounts receivable | 41 | - | €2,244 | +€2,244 | |
| Current investments | 50/53 | €2,280,597 | €2,358,348 | +€77,751 | +3.4% |
| Cash at bank and in hand | 54/58 | €88,373 | €140,394 | +€52,022 | +58.9% |
| Deferred charges and accrued income | 490/1 | €2,640 | €5,172 | +€2,532 | +95.9% |
| Total equity and liabilities | 10/49 | €2,557,609 | €2,645,657 | +€88,048 | +3.4% |
| Equity | 10/15 | €2,318,564 | €2,406,612 | +€88,048 | +3.8% |
| Contributions | 10/11 | €5,993 | €5,993 | = | 0.0% |
| Capital | 10 | €5,993 | €5,993 | = | 0.0% |
| Reserves | 13 | €2,250,322 | €2,129,841 | -€120,481 | -5.4% |
| Profit (loss) carried forward | 14 | €62,250 | €270,779 | +€208,529 | +335.0% |
| Amounts payable | 17/49 | €239,045 | €239,045 | = | 0.0% |
| Amounts payable after more than one year | 17 | €239,045 | €239,045 | = | 0.0% |
| Financial debts | 170/4 | €239,045 | €239,045 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,789 | €6,531 | -€257 | -3.8% |
| Other operating charges | 640/8 | €101,836 | €52,587 | -€49,249 | -48.4% |
| Gross operating margin | 9900 | €892,083 | €126,539 | -€765,544 | -85.8% |
| Operating profit (loss) | 9901 | €790,247 | €73,952 | -€716,296 | -90.6% |
| Financial income | 75/76B | €16,560 | €20,872 | +€4,312 | +26.0% |
| Recurring financial income | 75 | €16,063 | €20,872 | +€4,809 | +29.9% |
| Non-recurring financial income | 76B | €497 | - | -€497 | |
| Financial charges | 65/66B | €820 | €1,273 | +€454 | +55.3% |
| Recurring financial charges | 65 | €820 | €1,273 | +€454 | +55.3% |
| Profit (loss) for the period before taxes | 9903 | €805,988 | €93,551 | -€712,437 | -88.4% |
| Income taxes | 67/77 | €3,503 | €5,503 | +€2,000 | +57.1% |
| Profit (loss) for the period | 9904 | €802,485 | €88,048 | -€714,437 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €802,485 | €88,048 | -€714,437 | -89.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.