ARDEFI: 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.
ARDEFI
Largest movements
- Receivables within one year -€45,548
down €45,548 (-3.8%), from €1.2m to €1.1m
- Profit (loss) carried forward -€36,840
down €36,840 (-23.2%), from €158,992 to €122,152
- Gross operating margin -€30,773
down €30,773 (-694%), from -€4,435 to -€35,208
- Other operating charges +€555
up €555 (+57.3%), from €968 to €1,523
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 | €1,229,882 | €1,183,951 | -€45,931 | -3.7% |
| Current assets | 29/58 | €1,229,882 | €1,183,951 | -€45,931 | -3.7% |
| Amounts receivable within one year | 40/41 | €1,189,187 | €1,143,639 | -€45,548 | -3.8% |
| Other amounts receivable | 41 | €1,189,187 | €1,143,639 | -€45,548 | -3.8% |
| Cash at bank and in hand | 54/58 | €640 | €257 | -€383 | -59.8% |
| Deferred charges and accrued income | 490/1 | €40,055 | €40,055 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,229,882 | €1,183,951 | -€45,931 | -3.7% |
| Equity | 10/15 | €482,733 | €445,893 | -€36,840 | -7.6% |
| Contributions | 10/11 | €31,482 | €31,482 | = | 0.0% |
| Reserves | 13 | €292,259 | €292,259 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,148 | €3,148 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,148 | €3,148 | = | 0.0% |
| Distributable reserves | 133 | €289,111 | €289,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,992 | €122,152 | -€36,840 | -23.2% |
| Provisions and deferred taxes | 16 | €5,743 | - | -€5,743 | |
| Deferred taxes | 168 | €5,743 | - | -€5,743 | |
| Amounts payable | 17/49 | €741,406 | €738,058 | -€3,348 | -0.5% |
| Amounts payable within one year | 42/48 | €91,406 | €88,058 | -€3,348 | -3.7% |
| Trade debts | 44 | €968 | €6,058 | +€5,090 | +526% |
| Suppliers | 440/4 | €968 | €6,058 | +€5,090 | +526% |
| Other amounts payable | 47/48 | €90,438 | €82,000 | -€8,438 | -9.3% |
| Accrued charges and deferred income | 492/3 | €650,000 | €650,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €63 | +€63 | |
| Other operating charges | 640/8 | €968 | €1,523 | +€555 | +57.3% |
| Gross operating margin | 9900 | -€4,435 | -€35,208 | -€30,773 | -694% |
| Operating profit (loss) | 9901 | -€5,403 | -€36,794 | -€31,391 | -581% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,449 | -€36,840 | -€31,391 | -576% |
| Profit (loss) for the period | 9904 | -€5,449 | -€36,840 | -€31,391 | -576% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,449 | -€36,840 | -€31,391 | -576% |
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.