ARDEFICIUM: 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.
ARDEFICIUM
Largest movements
- Tangible fixed assets -€50,242
down €50,242 (-5.2%), from €967,491 to €917,249
- Debts after one year -€43,119
down €43,119 (-5.4%), from €799,139 to €756,019
- Profit (loss) carried forward -€17,041
down €17,041 (-26.9%), from -€63,283 to -€80,324
- Gross operating margin -€4,721
down €4,721 (-8.0%), from €59,046 to €54,325
- Other operating charges +€2,899
up €2,899 (+157%), from €1,848 to €4,747
- Depreciation -€1,182
down €1,182 (-2.2%), from €52,605 to €51,424
- Financial charges -€679
down €679 (-4.2%), from €16,097 to €15,418
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 | €992,959 | €938,431 | -€54,529 | -5.5% |
| Fixed assets | 21/28 | €967,491 | €917,249 | -€50,242 | -5.2% |
| Tangible fixed assets | 22/27 | €967,491 | €917,249 | -€50,242 | -5.2% |
| Land and buildings | 22 | €967,491 | €917,249 | -€50,242 | -5.2% |
| Current assets | 29/58 | €25,468 | €21,182 | -€4,287 | -16.8% |
| Amounts receivable within one year | 40/41 | €23,765 | €16,723 | -€7,042 | -29.6% |
| Trade receivables | 40 | €9,094 | €5,350 | -€3,744 | -41.2% |
| Other amounts receivable | 41 | €14,671 | €11,373 | -€3,298 | -22.5% |
| Cash at bank and in hand | 54/58 | €1,703 | €4,061 | +€2,358 | +138% |
| Deferred charges and accrued income | 490/1 | - | €397 | +€397 | |
| Total equity and liabilities | 10/49 | €992,959 | €938,431 | -€54,529 | -5.5% |
| Equity | 10/15 | €76,717 | €59,676 | -€17,041 | -22.2% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,283 | -€80,324 | -€17,041 | -26.9% |
| Amounts payable | 17/49 | €916,242 | €878,754 | -€37,488 | -4.1% |
| Amounts payable after more than one year | 17 | €799,139 | €756,019 | -€43,119 | -5.4% |
| Financial debts | 170/4 | €799,139 | €756,019 | -€43,119 | -5.4% |
| Amounts payable within one year | 42/48 | €117,103 | €122,735 | +€5,632 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €42,404 | €43,119 | +€716 | +1.7% |
| Trade debts | 44 | €0 | €5,541 | +€5,541 | |
| Suppliers | 440/4 | €0 | €5,541 | +€5,541 | |
| Taxes, remuneration and social security | 45 | €3,264 | €3,273 | +€10 | +0.3% |
| Taxes | 450/3 | €3,264 | €3,273 | +€10 | +0.3% |
| Other amounts payable | 47/48 | €71,436 | €70,801 | -€634 | -0.9% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €1,182 | +€1,182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,605 | €51,424 | -€1,182 | -2.2% |
| Other operating charges | 640/8 | €1,848 | €4,747 | +€2,899 | +157% |
| Gross operating margin | 9900 | €59,046 | €54,325 | -€4,721 | -8.0% |
| Operating profit (loss) | 9901 | €4,593 | -€1,846 | -€6,439 | |
| Financial income | 75/76B | - | €223 | +€223 | |
| Recurring financial income | 75 | - | €223 | +€223 | |
| Financial charges | 65/66B | €16,097 | €15,418 | -€679 | -4.2% |
| Recurring financial charges | 65 | €16,097 | €15,418 | -€679 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,504 | -€17,041 | -€5,537 | -48.1% |
| Profit (loss) for the period | 9904 | -€11,504 | -€17,041 | -€5,537 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,504 | -€17,041 | -€5,537 | -48.1% |
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 21 October 2026 via checked.be.