ARDEGO: 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.
ARDEGO
Largest movements
- Receivables within one year -€38,663
down €38,663 (-99.7%), from €38,789 to €126
of which Trade receivables: -€28,663
- Tangible fixed assets +€13,866
up €13,866 (+30.2%), from €45,958 to €59,824
of which Furniture and vehicles: +€17,467
- Cash -€11,335
down €11,335 (-82.0%), from €13,817 to €2,482
mainly Contributions, distributions and other (-€89,000) and Investment in fixed assets (net) (-€31,850)
- Profit (loss) carried forward -€23,768
down €23,768 (-17.4%), from €136,267 to €112,499
- Accrued charges and deferred income -€20,000
down €20,000 (-25.0%), from €80,000 to €60,000
- Tax, wage and social debts +€5,653
up €5,653 (+24.0%), from €23,597 to €29,250
- Gross operating margin +€31,712
up €31,712 (+40.2%), from €78,802 to €110,514
- Taxes +€9,463
up €9,463 (+52.6%), from €17,992 to €27,455
- Depreciation +€2,937
up €2,937 (+19.5%), from €15,047 to €17,984
- Other operating charges -€2,480
down €2,480 (-86.5%), from €2,867 to €387
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €243,864 | €207,732 | -€36,132 | -14.8% |
| Fixed assets | 21/28 | €45,958 | €59,824 | +€13,866 | +30.2% |
| Tangible fixed assets | 22/27 | €45,958 | €59,824 | +€13,866 | +30.2% |
| Furniture and vehicles | 24 | €31,015 | €48,483 | +€17,467 | +56.3% |
| Other tangible fixed assets | 26 | €14,943 | €11,341 | -€3,601 | -24.1% |
| Current assets | 29/58 | €197,906 | €147,908 | -€49,998 | -25.3% |
| Amounts receivable after more than one year | 29 | €145,300 | €145,300 | = | 0.0% |
| Other amounts receivable | 291 | €145,300 | €145,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,789 | €126 | -€38,663 | -99.7% |
| Trade receivables | 40 | €28,663 | - | -€28,663 | |
| Other amounts receivable | 41 | €10,126 | €126 | -€10,000 | -98.8% |
| Cash at bank and in hand | 54/58 | €13,817 | €2,482 | -€11,335 | -82.0% |
| Total equity and liabilities | 10/49 | €243,864 | €207,732 | -€36,132 | -14.8% |
| Equity | 10/15 | €140,267 | €116,499 | -€23,768 | -16.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,267 | €112,499 | -€23,768 | -17.4% |
| Amounts payable | 17/49 | €103,597 | €91,233 | -€12,365 | -11.9% |
| Amounts payable within one year | 42/48 | €23,597 | €31,233 | +€7,636 | +32.4% |
| Trade debts | 44 | - | €1,213 | +€1,213 | |
| Suppliers | 440/4 | - | €1,213 | +€1,213 | |
| Taxes, remuneration and social security | 45 | €23,597 | €29,250 | +€5,653 | +24.0% |
| Taxes | 450/3 | €23,597 | €29,250 | +€5,653 | +24.0% |
| Other amounts payable | 47/48 | - | €770 | +€770 | |
| Accrued charges and deferred income | 492/3 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,047 | €17,984 | +€2,937 | +19.5% |
| Other operating charges | 640/8 | €2,867 | €387 | -€2,480 | -86.5% |
| Gross operating margin | 9900 | €78,802 | €110,514 | +€31,712 | +40.2% |
| Operating profit (loss) | 9901 | €60,887 | €92,143 | +€31,255 | +51.3% |
| Financial income | 75/76B | €3,028 | €2,964 | -€63 | -2.1% |
| Recurring financial income | 75 | €3,028 | €2,964 | -€63 | -2.1% |
| Financial charges | 65/66B | €2,162 | €2,420 | +€258 | +11.9% |
| Recurring financial charges | 65 | €2,162 | €2,420 | +€258 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €61,753 | €92,687 | +€30,934 | +50.1% |
| Income taxes | 67/77 | €17,992 | €27,455 | +€9,463 | +52.6% |
| Profit (loss) for the period | 9904 | €43,761 | €65,232 | +€21,471 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,761 | €65,232 | +€21,471 | +49.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.