ARDELEX BOUW: 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.
ARDELEX BOUW
Largest movements
- Cash +€8,145
up €8,145 (+260%), from €3,129 to €11,274
mainly Depreciation (+€47,702) and Trade debts (+€25,906)
- Receivables within one year +€3,494
up €3,494 (+2.4%), from €142,914 to €146,408
of which Trade receivables: +€10,493
- Trade debts +€25,906
up €25,906 (+98.4%), from €26,322 to €52,228
- Debts after one year -€23,055
down €23,055 (-17.1%), from €134,691 to €111,636
- Current portion of long-term debt +€7,754
up €7,754 (+32.8%), from €23,616 to €31,370
- Depreciation +€16,336
up €16,336 (+52.1%), from €31,366 to €47,702
- Gross operating margin +€14,276
up €14,276 (+14.7%), from €96,807 to €111,083
- Taxes -€1,967
down €1,967 (-50.5%), from €3,896 to €1,928
- Other operating charges -€1,727
down €1,727 (-28.1%), from €6,153 to €4,426
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 | €277,484 | €287,917 | +€10,433 | +3.8% |
| Fixed assets | 21/28 | €128,828 | €127,127 | -€1,702 | -1.3% |
| Tangible fixed assets | 22/27 | €126,983 | €125,282 | -€1,702 | -1.3% |
| Land and buildings | 22 | €5,172 | €4,637 | -€535 | -10.3% |
| Plant, machinery and equipment | 23 | €4,800 | €7,549 | +€2,749 | +57.3% |
| Furniture and vehicles | 24 | €117,012 | €113,096 | -€3,916 | -3.3% |
| Financial fixed assets | 28 | €1,845 | €1,845 | = | 0.0% |
| Current assets | 29/58 | €148,656 | €160,790 | +€12,134 | +8.2% |
| Amounts receivable within one year | 40/41 | €142,914 | €146,408 | +€3,494 | +2.4% |
| Trade receivables | 40 | €119,628 | €130,121 | +€10,493 | +8.8% |
| Other amounts receivable | 41 | €23,285 | €16,286 | -€6,999 | -30.1% |
| Cash at bank and in hand | 54/58 | €3,129 | €11,274 | +€8,145 | +260% |
| Deferred charges and accrued income | 490/1 | €2,613 | €3,108 | +€495 | +18.9% |
| Total equity and liabilities | 10/49 | €277,484 | €287,917 | +€10,433 | +3.8% |
| Equity | 10/15 | €71,652 | €73,149 | +€1,498 | +2.1% |
| Reserves | 13 | €558 | €558 | = | 0.0% |
| Non-distributable reserves | 130/1 | €558 | €558 | = | 0.0% |
| Reserves not available under the articles | 1311 | €558 | €558 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,094 | €72,591 | +€1,498 | +2.1% |
| Amounts payable | 17/49 | €205,832 | €214,767 | +€8,935 | +4.3% |
| Amounts payable after more than one year | 17 | €134,691 | €111,636 | -€23,055 | -17.1% |
| Financial debts | 170/4 | €134,691 | €111,636 | -€23,055 | -17.1% |
| Amounts payable within one year | 42/48 | €71,141 | €103,132 | +€31,991 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €23,616 | €31,370 | +€7,754 | +32.8% |
| Trade debts | 44 | €26,322 | €52,228 | +€25,906 | +98.4% |
| Suppliers | 440/4 | €26,322 | €52,228 | +€25,906 | +98.4% |
| Taxes, remuneration and social security | 45 | €21,203 | €19,533 | -€1,669 | -7.9% |
| Taxes | 450/3 | €3,896 | €1,928 | -€1,967 | -50.5% |
| Remuneration and social security | 454/9 | €17,307 | €17,605 | +€298 | +1.7% |
| Non-recurring operating income | 76A | €1,211 | €18,111 | +€16,900 | +1,396% |
| Remuneration, social security and pensions | 62 | €43,257 | €44,359 | +€1,102 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,366 | €47,702 | +€16,336 | +52.1% |
| Other operating charges | 640/8 | €6,153 | €4,426 | -€1,727 | -28.1% |
| Gross operating margin | 9900 | €96,807 | €111,083 | +€14,276 | +14.7% |
| Operating profit (loss) | 9901 | €16,029 | €14,595 | -€1,435 | -8.9% |
| Financial income | 75/76B | €359 | €130 | -€229 | -63.7% |
| Recurring financial income | 75 | €359 | €130 | -€229 | -63.7% |
| Financial charges | 65/66B | €10,683 | €11,299 | +€616 | +5.8% |
| Recurring financial charges | 65 | €10,683 | €11,299 | +€616 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €5,705 | €3,426 | -€2,279 | -39.9% |
| Income taxes | 67/77 | €3,896 | €1,928 | -€1,967 | -50.5% |
| Profit (loss) for the period | 9904 | €1,809 | €1,498 | -€312 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,809 | €1,498 | -€312 | -17.2% |
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 15 October 2026 via checked.be.