ARDEA INTERMEDIA: 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 INTERMEDIA
Largest movements
- Deferred charges and accrued income +€374,306
up €374,306 (+282%), from €132,832 to €507,138
- Receivables within one year +€76,239
up €76,239 (+827%), from €9,216 to €85,455
of which Other amounts receivable: +€55,466
- Cash +€7,331
up €7,331 (+506%), from €1,449 to €8,780
mainly Other debts (+€327,545) and Trade debts (+€163,193)
- Other debts +€327,545
up €327,545 (+194%), from €169,155 to €496,699
- Trade debts +€163,193
up €163,193 (+3,274%), from €4,984 to €168,177
- Profit (loss) carried forward -€32,759
down €32,759 (-101%), from -€32,289 to -€65,048
- Gross operating margin -€10,687
down €10,687 (-90.9%), from -€11,760 to -€22,447
- Financial charges +€2,411
up €2,411 (+31.3%), from €7,698 to €10,109
- Financial income +€444
up €444 (+1,238%), from €36 to €480
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 | €205,975 | €663,568 | +€457,593 | +222% |
| Formation expenses | 20 | €977 | €694 | -€283 | -29.0% |
| Fixed assets | 21/28 | €61,500 | €61,500 | = | 0.0% |
| Financial fixed assets | 28 | €61,500 | €61,500 | = | 0.0% |
| Current assets | 29/58 | €143,497 | €601,374 | +€457,876 | +319% |
| Amounts receivable within one year | 40/41 | €9,216 | €85,455 | +€76,239 | +827% |
| Trade receivables | 40 | - | €20,774 | +€20,774 | |
| Other amounts receivable | 41 | €9,216 | €64,682 | +€55,466 | +602% |
| Cash at bank and in hand | 54/58 | €1,449 | €8,780 | +€7,331 | +506% |
| Deferred charges and accrued income | 490/1 | €132,832 | €507,138 | +€374,306 | +282% |
| Total equity and liabilities | 10/49 | €205,975 | €663,568 | +€457,593 | +222% |
| Equity | 10/15 | €29,211 | -€3,548 | -€32,759 | |
| 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 | -€32,289 | -€65,048 | -€32,759 | -101% |
| Amounts payable | 17/49 | €176,763 | €667,116 | +€490,352 | +277% |
| Amounts payable within one year | 42/48 | €174,138 | €664,876 | +€490,738 | +282% |
| Trade debts | 44 | €4,984 | €168,177 | +€163,193 | +3,274% |
| Suppliers | 440/4 | €4,984 | €168,177 | +€163,193 | +3,274% |
| Other amounts payable | 47/48 | €169,155 | €496,699 | +€327,545 | +194% |
| Accrued charges and deferred income | 492/3 | €2,625 | €2,239 | -€386 | -14.7% |
| 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 | -€11,760 | -€22,447 | -€10,687 | -90.9% |
| Operating profit (loss) | 9901 | -€12,431 | -€23,130 | -€10,699 | -86.1% |
| Financial income | 75/76B | €36 | €480 | +€444 | +1,238% |
| Recurring financial income | 75 | €36 | €480 | +€444 | +1,238% |
| Financial charges | 65/66B | €7,698 | €10,109 | +€2,411 | +31.3% |
| Recurring financial charges | 65 | €7,698 | €10,109 | +€2,411 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,093 | -€32,759 | -€12,666 | -63.0% |
| Profit (loss) for the period | 9904 | -€20,093 | -€32,759 | -€12,666 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,093 | -€32,759 | -€12,666 | -63.0% |
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 14 October 2026 via checked.be.