ARDECA: 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.
What changed
ARDECA
NACE 46.851, Wholesale of industrial chemicals
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.9m
2024 · €3.6m+€372,133
Equity
€13.7m
2024 · €12.3m+€1.4m
Cash
€70,473
2024 · €13,672+€56,801
Balance sheet total
€33.3m
2024 · €29.6m+€3.7m
Largest movements
Assets
- Receivables within one year +€2.1m
up €2.1m (+17.6%), from €11.7m to €13.8m
of which Other amounts receivable: +€3.1m
- Tangible fixed assets +€1.6m
up €1.6m (+16.9%), from €9.5m to €11.1m
of which Assets under construction and advance payments: +€1.2m
- Intangible fixed assets -€464,685
down €464,685 (-26.3%), from €1.8m to €1.3m
Equity and liabilities
- Other debts +€2.4m
up €2.4m (+118.6%), from €2.0m to €4.5m
- Reserves +€1.4m
up €1.4m (+11.9%), from €12.2m to €13.6m
of which Distributable reserves: +€1.5m
- Short-term financial debts -€683,334
down €683,334 (-13.4%), from €5.1m to €4.4m
of which Credit institutions: -€687,689
- Trade debts +€601,178
up €601,178 (+16.1%), from €3.7m to €4.3m
Income statement
- Turnover +€795,003
up €795,003 (+1.7%), from €46.9m to €47.7m
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.
Result 2024
€3.6m
Turnover
+€795,003
Other operating income
-€147,899
Goods and materials
-€158,727
Services and other goods
-€448,183
Staff costs
+€111,069
Depreciation
-€49,738
Write-downs
-€1,356
Other operating charges
-€19,825
Other operating items
+€438,830
Financial income
-€81,049
Financial charges
+€129,732
Taxes
-€192,937
Deferred taxes and other
-€2,785
Result 2025
€3.9m
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.
From operations
+€5.9m
Investment
-€2.7m
Financing
-€3.2m
Cash 2024
€13,672
From operations (derived)
+€5.9m
Net result for the year
+€3.9m
Depreciation
+€1.5m
Stocks and contracts
-€111,793
Receivables within one year
-€2.1m
Deferred charges and accrued income
-€190,163
Provisions
-€5,487
Trade debts
+€601,178
Tax, wage and social debts
+€143,917
Advances received
-€288,065
Other debts
+€2.4m
Accrued charges and deferred income
+€19,406
Investment (derived)
-€2.7m
Investment in fixed assets (net)
-€2.6m
Current investments
-€113,467
Financing
-€3.2m
Debts after one year
+€69,044
Current portion of long-term debt
-€53,465
Short-term financial debts
-€683,334
Contributions, distributions and other
-€2.5m
Cash 2025
€70,473
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,643,869 | €33,320,783 | +€3.7m | +12.4% |
| Fixed assets | 21/28 | €11,285,062 | €12,425,869 | +€1.1m | +10.1% |
| Intangible fixed assets | 21 | €1,769,513 | €1,304,828 | -€464,685 | -26.3% |
| Tangible fixed assets | 22/27 | €9,491,235 | €11,091,727 | +€1.6m | +16.9% |
| Land and buildings | 22 | €8,215,462 | €7,874,740 | -€340,722 | -4.1% |
| Plant, machinery and equipment | 23 | €555,671 | €611,164 | +€55,494 | +10.0% |
| Furniture and vehicles | 24 | €380,769 | €282,227 | -€98,542 | -25.9% |
| Leasing and similar rights | 25 | €252,334 | €1,004,078 | +€751,744 | +297.9% |
| Other tangible fixed assets | 26 | €87,000 | €87,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €1,232,518 | +€1.2m | |
| Financial fixed assets | 28 | €24,314 | €29,314 | +€5,000 | +20.6% |
| Affiliated companies | 280/1 | €12,500 | €12,500 | = | 0.0% |
| Participating interests | 280 | €12,500 | €12,500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €11,814 | €16,814 | +€5,000 | +42.3% |
| Amounts receivable and cash guarantees | 285/8 | €11,814 | €16,814 | +€5,000 | +42.3% |
| Current assets | 29/58 | €18,358,808 | €20,894,913 | +€2.5m | +13.8% |
| Stocks and contracts in progress | 3 | €6,449,135 | €6,560,929 | +€111,793 | +1.7% |
| Stocks | 30/36 | €6,449,135 | €6,560,929 | +€111,793 | +1.7% |
| Raw materials and consumables | 30/31 | €4,013,237 | €4,053,150 | +€39,913 | +1.0% |
| Finished goods | 33 | €1,668,878 | €1,936,837 | +€267,958 | +16.1% |
| Goods purchased for resale | 34 | €767,020 | €570,941 | -€196,079 | -25.6% |
| Amounts receivable within one year | 40/41 | €11,698,855 | €13,762,736 | +€2.1m | +17.6% |
| Trade receivables | 40 | €6,843,072 | €5,825,803 | -€1.0m | -14.9% |
| Other amounts receivable | 41 | €4,855,783 | €7,936,933 | +€3.1m | +63.5% |
| Current investments | 50/53 | €49,704 | €163,171 | +€113,467 | +228.3% |
| Other investments | 51/53 | €49,704 | €163,171 | +€113,467 | +228.3% |
| Cash at bank and in hand | 54/58 | €13,672 | €70,473 | +€56,801 | +415.5% |
| Deferred charges and accrued income | 490/1 | €147,441 | €337,604 | +€190,163 | +129.0% |
| Total equity and liabilities | 10/49 | €29,643,869 | €33,320,783 | +€3.7m | +12.4% |
| Equity | 10/15 | €12,286,551 | €13,734,270 | +€1.4m | +11.8% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Capital | 10 | €92,960 | €92,960 | = | 0.0% |
| Issued capital | 100 | €92,960 | €92,960 | = | 0.0% |
| Reserves | 13 | €12,193,591 | €13,641,310 | +€1.4m | +11.9% |
| Non-distributable reserves | 130/1 | €9,296 | €9,296 | = | 0.0% |
| Legal reserve | 130 | €9,296 | €9,296 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,517,362 | €4,500,902 | -€16,460 | -0.4% |
| Distributable reserves | 133 | €7,666,933 | €9,131,112 | +€1.5m | +19.1% |
| Provisions and deferred taxes | 16 | €5,487 | €0 | -€5,487 | -100.0% |
| Deferred taxes | 168 | €5,487 | €0 | -€5,487 | -100.0% |
| Amounts payable | 17/49 | €17,351,832 | €19,586,513 | +€2.2m | +12.9% |
| Amounts payable after more than one year | 17 | €3,924,909 | €3,993,953 | +€69,044 | +1.8% |
| Financial debts | 170/4 | €3,924,909 | €3,993,953 | +€69,044 | +1.8% |
| Leasing and similar obligations | 172 | €76,637 | €773,161 | +€696,524 | +908.9% |
| Credit institutions | 173 | €3,848,272 | €3,220,792 | -€627,480 | -16.3% |
| Amounts payable within one year | 42/48 | €13,417,766 | €15,563,997 | +€2.1m | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €1,347,156 | €1,293,691 | -€53,465 | -4.0% |
| Financial debts | 43 | €5,103,073 | €4,419,740 | -€683,334 | -13.4% |
| Credit institutions | 430/8 | €5,103,073 | €4,415,384 | -€687,689 | -13.5% |
| Other loans | 439 | - | €4,355 | +€4,355 | |
| Trade debts | 44 | €3,741,044 | €4,342,223 | +€601,178 | +16.1% |
| Suppliers | 440/4 | €3,741,044 | €4,342,223 | +€601,178 | +16.1% |
| Advances received on contracts in progress | 46 | €513,145 | €225,080 | -€288,065 | -56.1% |
| Taxes, remuneration and social security | 45 | €667,426 | €811,343 | +€143,917 | +21.6% |
| Taxes | 450/3 | €227,333 | €349,179 | +€121,845 | +53.6% |
| Remuneration and social security | 454/9 | €440,093 | €462,164 | +€22,072 | +5.0% |
| Other amounts payable | 47/48 | €2,045,921 | €4,471,921 | +€2.4m | +118.6% |
| Accrued charges and deferred income | 492/3 | €9,157 | €28,563 | +€19,406 | +211.9% |
| Operating income | 70/76A | €47,122,572 | €48,208,506 | +€1.1m | +2.3% |
| Turnover | 70 | €46,934,327 | €47,729,330 | +€795,003 | +1.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€71,363 | €370,821 | +€442,184 | |
| Other operating income | 74 | €248,629 | €100,730 | -€147,899 | -59.5% |
| Non-recurring operating income | 76A | €10,979 | €7,625 | -€3,354 | -30.6% |
| Operating charges | 60/66A | €42,312,868 | €42,879,629 | +€566,761 | +1.3% |
| Goods for resale, raw materials and consumables | 60 | €34,146,732 | €34,305,459 | +€158,727 | +0.5% |
| Purchases | 600/8 | €34,113,406 | €34,046,431 | -€66,976 | -0.2% |
| Change in stocks: decrease (increase) | 609 | €33,326 | €259,028 | +€225,703 | +677.3% |
| Services and other goods | 61 | €3,868,303 | €4,316,485 | +€448,183 | +11.6% |
| Remuneration, social security and pensions | 62 | €2,812,429 | €2,701,361 | -€111,069 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,401,809 | €1,451,547 | +€49,738 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€478 | €879 | +€1,356 | |
| Other operating charges | 640/8 | €84,073 | €103,898 | +€19,825 | +23.6% |
| Operating profit (loss) | 9901 | €4,809,704 | €5,328,877 | +€519,173 | +10.8% |
| Financial income | 75/76B | €234,180 | €153,131 | -€81,049 | -34.6% |
| Recurring financial income | 75 | €234,180 | €153,131 | -€81,049 | -34.6% |
| Income from current assets | 751 | €216,443 | €131,908 | -€84,535 | -39.1% |
| Other financial income | 752/9 | €17,737 | €21,223 | +€3,485 | +19.7% |
| Financial charges | 65/66B | €576,129 | €446,397 | -€129,732 | -22.5% |
| Recurring financial charges | 65 | €576,129 | €446,397 | -€129,732 | -22.5% |
| Debt charges | 650 | €166,844 | €247,923 | +€81,079 | +48.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €111,669 | -€111,390 | -€223,059 | |
| Other financial charges | 652/9 | €297,617 | €309,864 | +€12,247 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €4,467,755 | €5,035,611 | +€567,856 | +12.7% |
| Transfer from deferred taxes | 780 | €8,272 | €5,487 | -€2,785 | -33.7% |
| Income taxes | 67/77 | €900,441 | €1,093,378 | +€192,937 | +21.4% |
| Taxes | 670/3 | €900,887 | €1,094,171 | +€193,284 | +21.5% |
| Tax adjustments and reversals of tax provisions | 77 | €446 | €793 | +€347 | +77.8% |
| Profit (loss) for the period | 9904 | €3,575,586 | €3,947,719 | +€372,133 | +10.4% |
| Transfer from tax-exempt reserves | 789 | €24,815 | €16,460 | -€8,355 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,600,401 | €3,964,179 | +€363,779 | +10.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.