ARDECA INDUSTRIES: 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 INDUSTRIES
NACE 47.783, Retail trade
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€274,511
2023 · €853,084-€578,573
Equity
€2.5m
2023 · €2.3m+€241,041
Cash
€119,317
2023 · €219,022-€99,705
Balance sheet total
€3.2m
2023 · €3.7m-€471,475
Largest movements
Assets
- Receivables within one year -€448,207
down €448,207 (-18.2%), from €2.5m to €2.0m
of which Other amounts receivable: -€331,363
- Stocks and contracts +€139,198
up €139,198 (+19.5%), from €713,231 to €852,429
- Cash -€99,705
down €99,705 (-45.5%), from €219,022 to €119,317
mainly Other debts (-€600,000) and Stocks and contracts (-€139,198)
- Tangible fixed assets -€60,566
down €60,566 (-23.3%), from €259,505 to €198,939
of which Furniture and vehicles: -€56,010
Equity and liabilities
- Other debts -€600,000
down €600,000 (-100%), from €600,000 to €0
- Profit (loss) carried forward +€274,511
up €274,511 (+13.6%), from €2.0m to €2.3m
- Trade debts -€111,829
down €111,829 (-24.6%), from €454,691 to €342,861
Income statement
- Gross operating margin -€863,385
down €863,385 (-52.1%), from €1.7m to €793,777
- Taxes -€216,275
down €216,275 (-67.6%), from €320,001 to €103,726
- Financial income +€87,193
up €87,193 (+415%), from €21,017 to €108,210
- Staff costs +€80,326
up €80,326 (+20.9%), from €384,918 to €465,244
- Depreciation -€35,678
down €35,678 (-54.9%), from €65,008 to €29,330
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.
Result 2023
€853,084
Gross operating margin
-€863,385
Staff costs
-€80,326
Depreciation
+€35,678
Write-downs
-€4,385
Other operating charges
+€7,072
Other operating items
-€2,215
Financial income
+€87,193
Financial charges
+€25,518
Taxes
+€216,275
Result 2024
€274,511
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€87,539
Investment
+€38,657
Financing
-€50,823
Cash 2023
€219,022
From operations (derived)
-€87,539
Net result for the year
+€274,511
Depreciation
+€29,330
Stocks and contracts
-€139,198
Receivables within one year
+€448,207
Deferred charges and accrued income
-€5,226
Trade debts
-€111,829
Tax, wage and social debts
+€15,084
Other debts
-€600,000
Accrued charges and deferred income
+€1,581
Investment (derived)
+€38,657
Investment in fixed assets (net)
+€38,657
Financing
-€50,823
Debts after one year
-€11,361
Current portion of long-term debt
-€5,990
Contributions, distributions and other
-€33,471
Cash 2024
€119,317
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,676,761 | €3,205,287 | -€471,475 | -12.8% |
| Fixed assets | 21/28 | €277,770 | €209,783 | -€67,987 | -24.5% |
| Intangible fixed assets | 21 | €17,807 | €10,386 | -€7,421 | -41.7% |
| Tangible fixed assets | 22/27 | €259,505 | €198,939 | -€60,566 | -23.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €29,250 | €22,750 | -€6,500 | -22.2% |
| Furniture and vehicles | 24 | €62,625 | €6,615 | -€56,010 | -89.4% |
| Other tangible fixed assets | 26 | €167,630 | €169,574 | +€1,944 | +1.2% |
| Financial fixed assets | 28 | €458 | €458 | = | 0.0% |
| Current assets | 29/58 | €3,398,992 | €2,995,504 | -€403,488 | -11.9% |
| Stocks and contracts in progress | 3 | €713,231 | €852,429 | +€139,198 | +19.5% |
| Stocks | 30/36 | €713,231 | €852,429 | +€139,198 | +19.5% |
| Amounts receivable within one year | 40/41 | €2,459,045 | €2,010,838 | -€448,207 | -18.2% |
| Trade receivables | 40 | €764,014 | €647,170 | -€116,844 | -15.3% |
| Other amounts receivable | 41 | €1,695,031 | €1,363,667 | -€331,363 | -19.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €219,022 | €119,317 | -€99,705 | -45.5% |
| Deferred charges and accrued income | 490/1 | €7,694 | €12,920 | +€5,226 | +67.9% |
| Total equity and liabilities | 10/49 | €3,676,761 | €3,205,287 | -€471,475 | -12.8% |
| Equity | 10/15 | €2,261,592 | €2,502,633 | +€241,041 | +10.7% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €82,820 | €82,820 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,462 | €13,462 | = | 0.0% |
| Distributable reserves | 133 | €57,358 | €57,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,025,301 | €2,299,813 | +€274,511 | +13.6% |
| Investment grants | 15 | €33,471 | €0 | -€33,471 | -100% |
| Amounts payable | 17/49 | €1,415,169 | €702,654 | -€712,515 | -50.3% |
| Amounts payable after more than one year | 17 | €14,221 | €2,860 | -€11,361 | -79.9% |
| Financial debts | 170/4 | €14,221 | €2,860 | -€11,361 | -79.9% |
| Amounts payable within one year | 42/48 | €1,400,948 | €698,213 | -€702,735 | -50.2% |
| Current portion of amounts payable after more than one year | 42 | €17,430 | €11,439 | -€5,990 | -34.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €454,691 | €342,861 | -€111,829 | -24.6% |
| Suppliers | 440/4 | €454,691 | €342,861 | -€111,829 | -24.6% |
| Taxes, remuneration and social security | 45 | €328,827 | €343,912 | +€15,084 | +4.6% |
| Taxes | 450/3 | €292,326 | €302,422 | +€10,095 | +3.5% |
| Remuneration and social security | 454/9 | €36,501 | €41,490 | +€4,989 | +13.7% |
| Other amounts payable | 47/48 | €600,000 | €0 | -€600,000 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,581 | +€1,581 | |
| Non-recurring operating income | 76A | €1,140,921 | €3,082 | -€1.1m | -99.7% |
| Remuneration, social security and pensions | 62 | €384,918 | €465,244 | +€80,326 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,008 | €29,330 | -€35,678 | -54.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €735 | €5,120 | +€4,385 | +597% |
| Other operating charges | 640/8 | €10,568 | €3,495 | -€7,072 | -66.9% |
| Non-recurring operating charges | 66A | €4,836 | €7,051 | +€2,215 | +45.8% |
| Gross operating margin | 9900 | €1,657,162 | €793,777 | -€863,385 | -52.1% |
| Operating profit (loss) | 9901 | €1,191,097 | €283,537 | -€907,560 | -76.2% |
| Financial income | 75/76B | €21,017 | €108,210 | +€87,193 | +415% |
| Recurring financial income | 75 | €21,017 | €108,210 | +€87,193 | +415% |
| Financial charges | 65/66B | €39,028 | €13,510 | -€25,518 | -65.4% |
| Recurring financial charges | 65 | €39,028 | €13,510 | -€25,518 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €1,173,085 | €378,237 | -€794,848 | -67.8% |
| Income taxes | 67/77 | €320,001 | €103,726 | -€216,275 | -67.6% |
| Profit (loss) for the period | 9904 | €853,084 | €274,511 | -€578,573 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €853,084 | €274,511 | -€578,573 | -67.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.