ARDECO: 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.
ARDECO
Largest movements
- Cash -€625,924
down €625,924 (-84.7%), from €739,232 to €113,307
mainly Receivables within one year (-€622,264) and Tax, wage and social debts (-€40,200)
- Receivables within one year +€622,264
up €622,264 (+1238.1%), from €50,259 to €672,524
- Deferred charges and accrued income -€12,500
no longer reported in 2024 (was €12,500)
- Tax, wage and social debts -€40,200
down €40,200 (-96.2%), from €41,800 to €1,600
- Reserves +€16,000
up €16,000 (+3.6%), from €443,000 to €459,000
of which Distributable reserves: +€16,000
- Gross operating margin -€579,443
down €579,443 (-95.1%), from €609,165 to €29,722
- Taxes -€120,545
down €120,545 (-98.0%), from €122,959 to €2,414
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,025,281 | €1,001,312 | -€23,970 | -2.3% |
| Fixed assets | 21/28 | €223,291 | €215,481 | -€7,810 | -3.5% |
| Tangible fixed assets | 22/27 | €223,291 | €215,481 | -€7,810 | -3.5% |
| Plant, machinery and equipment | 23 | - | €2,878 | +€2,878 | |
| Other tangible fixed assets | 26 | €223,291 | €212,603 | -€10,687 | -4.8% |
| Current assets | 29/58 | €801,991 | €785,831 | -€16,160 | -2.0% |
| Amounts receivable within one year | 40/41 | €50,259 | €672,524 | +€622,264 | +1238.1% |
| Other amounts receivable | 41 | €50,259 | €672,524 | +€622,264 | +1238.1% |
| Cash at bank and in hand | 54/58 | €739,232 | €113,307 | -€625,924 | -84.7% |
| Deferred charges and accrued income | 490/1 | €12,500 | - | -€12,500 | |
| Total equity and liabilities | 10/49 | €1,025,281 | €1,001,312 | -€23,970 | -2.3% |
| Equity | 10/15 | €983,481 | €999,712 | +€16,230 | +1.7% |
| Contributions | 10/11 | €540,000 | €540,000 | = | 0.0% |
| Capital | 10 | €540,000 | €540,000 | = | 0.0% |
| Issued capital | 100 | €540,000 | €540,000 | = | 0.0% |
| Reserves | 13 | €443,000 | €459,000 | +€16,000 | +3.6% |
| Non-distributable reserves | 130/1 | €54,000 | €54,000 | = | 0.0% |
| Legal reserve | 130 | €54,000 | €54,000 | = | 0.0% |
| Distributable reserves | 133 | €389,000 | €405,000 | +€16,000 | +4.1% |
| Profit (loss) carried forward | 14 | €481 | €712 | +€230 | +47.9% |
| Amounts payable | 17/49 | €41,800 | €1,600 | -€40,200 | -96.2% |
| Amounts payable within one year | 42/48 | €41,800 | €1,600 | -€40,200 | -96.2% |
| Taxes, remuneration and social security | 45 | €41,800 | €1,600 | -€40,200 | -96.2% |
| Taxes | 450/3 | €41,800 | €1,600 | -€40,200 | -96.2% |
| Non-recurring operating income | 76A | €639,144 | - | -€639,144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,303 | €10,687 | +€384 | +3.7% |
| Other operating charges | 640/8 | €1,915 | €124 | -€1,791 | -93.5% |
| Gross operating margin | 9900 | €609,165 | €29,722 | -€579,443 | -95.1% |
| Operating profit (loss) | 9901 | €596,946 | €18,911 | -€578,036 | -96.8% |
| Financial charges | 65/66B | €1,393 | €266 | -€1,127 | -80.9% |
| Recurring financial charges | 65 | €1,393 | €266 | -€1,127 | -80.9% |
| Profit (loss) for the period before taxes | 9903 | €595,554 | €18,644 | -€576,909 | -96.9% |
| Income taxes | 67/77 | €122,959 | €2,414 | -€120,545 | -98.0% |
| Profit (loss) for the period | 9904 | €472,595 | €16,230 | -€456,364 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €472,595 | €16,230 | -€456,364 | -96.6% |
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 9 October 2026 via checked.be.