ARDEA ALBA: 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.
ARDEA ALBA
Largest movements
- Receivables within one year +€1.9m
up €1.9m (+197%), from €949,850 to €2.8m
of which Other amounts receivable: +€1.7m
- Cash +€730,618
up €730,618 (+1,294%), from €56,440 to €787,058
mainly Debts after one year (+€2.7m) and Other debts (+€479,233)
- Deferred charges and accrued income +€341,674
up €341,674 (+83.4%), from €409,663 to €751,336
- Financial fixed assets +€123,000
up €123,000 (+50.0%), from €246,000 to €369,000
- Debts after one year +€2.7m
new in 2025: €2.7m
- Other debts +€479,233
up €479,233 (+30.4%), from €1.6m to €2.1m
- Profit (loss) carried forward -€54,116
down €54,116 (-95.7%), from -€56,523 to -€110,639
- Financial charges +€60,487
up €60,487 (+140%), from €43,082 to €103,569
- Financial income +€47,129
up €47,129 (+185%), from €25,489 to €72,618
- Gross operating margin -€817
down €817 (-3.8%), from -€21,666 to -€22,482
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 | €1,662,931 | €4,731,572 | +€3.1m | +185% |
| Formation expenses | 20 | €977 | €694 | -€283 | -29.0% |
| Fixed assets | 21/28 | €246,000 | €369,000 | +€123,000 | +50.0% |
| Financial fixed assets | 28 | €246,000 | €369,000 | +€123,000 | +50.0% |
| Current assets | 29/58 | €1,415,953 | €4,361,877 | +€2.9m | +208% |
| Amounts receivable within one year | 40/41 | €949,850 | €2,823,483 | +€1.9m | +197% |
| Trade receivables | 40 | - | €170,273 | +€170,273 | |
| Other amounts receivable | 41 | €949,850 | €2,653,210 | +€1.7m | +179% |
| Cash at bank and in hand | 54/58 | €56,440 | €787,058 | +€730,618 | +1,294% |
| Deferred charges and accrued income | 490/1 | €409,663 | €751,336 | +€341,674 | +83.4% |
| Total equity and liabilities | 10/49 | €1,662,931 | €4,731,572 | +€3.1m | +185% |
| Equity | 10/15 | €4,977 | -€49,139 | -€54,116 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,523 | -€110,639 | -€54,116 | -95.7% |
| Amounts payable | 17/49 | €1,657,954 | €4,780,711 | +€3.1m | +188% |
| Amounts payable after more than one year | 17 | - | €2,656,262 | +€2.7m | |
| Financial debts | 170/4 | - | €2,656,262 | +€2.7m | |
| Amounts payable within one year | 42/48 | €1,655,329 | €2,119,620 | +€464,291 | +28.0% |
| Trade debts | 44 | €77,426 | €62,484 | -€14,942 | -19.3% |
| Suppliers | 440/4 | €77,426 | €62,484 | -€14,942 | -19.3% |
| Other amounts payable | 47/48 | €1,577,903 | €2,057,137 | +€479,233 | +30.4% |
| Accrued charges and deferred income | 492/3 | €2,625 | €4,829 | +€2,204 | +84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283 | €283 | +€0 | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€21,666 | -€22,482 | -€817 | -3.8% |
| Operating profit (loss) | 9901 | -€22,336 | -€23,165 | -€829 | -3.7% |
| Financial income | 75/76B | €25,489 | €72,618 | +€47,129 | +185% |
| Recurring financial income | 75 | €25,489 | €72,618 | +€47,129 | +185% |
| Financial charges | 65/66B | €43,082 | €103,569 | +€60,487 | +140% |
| Recurring financial charges | 65 | €43,082 | €103,569 | +€60,487 | +140% |
| Profit (loss) for the period before taxes | 9903 | -€39,929 | -€54,116 | -€14,187 | -35.5% |
| Profit (loss) for the period | 9904 | -€39,929 | -€54,116 | -€14,187 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,929 | -€54,116 | -€14,187 | -35.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.