ARDELIS: 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.
ARDELIS
Largest movements
- Cash +€69,827
up €69,827 (+1,361%), from €5,132 to €74,959
mainly Net result for the year (+€109,761) and Stocks and contracts (+€27,890)
- Stocks and contracts -€27,890
down €27,890 (-84.6%), from €32,949 to €5,059
- Tangible fixed assets -€24,813
down €24,813 (-4.3%), from €574,647 to €549,833
of which Land and buildings: -€21,343
- Receivables within one year +€16,975
up €16,975 (+17.9%), from €94,740 to €111,715
of which Other amounts receivable: +€20,644
- Profit (loss) carried forward +€109,761
up €109,761 (+492%), from €22,308 to €132,068
- Short-term financial debts -€29,688
down €29,688 (-100%), from €29,688 to €0
- Trade debts -€23,710
down €23,710 (-69.7%), from €34,023 to €10,313
- Current portion of long-term debt -€18,306
down €18,306 (-51.4%), from €35,614 to €17,308
- Debts after one year -€17,308
down €17,308 (-7.7%), from €225,021 to €207,713
- Gross operating margin +€113,292
up €113,292 (+75.7%), from €149,710 to €263,002
- Taxes +€17,525
up €17,525 (+7,447%), from €235 to €17,761
- Staff costs +€9,090
up €9,090 (+10.6%), from €86,042 to €95,132
- Financial charges +€5,174
up €5,174 (+50.5%), from €10,253 to €15,427
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 | €737,281 | €772,390 | +€35,108 | +4.8% |
| Fixed assets | 21/28 | €574,647 | €549,833 | -€24,813 | -4.3% |
| Tangible fixed assets | 22/27 | €574,647 | €549,833 | -€24,813 | -4.3% |
| Land and buildings | 22 | €567,708 | €546,365 | -€21,343 | -3.8% |
| Plant, machinery and equipment | 23 | €6,939 | €3,468 | -€3,471 | -50.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €162,635 | €222,556 | +€59,922 | +36.8% |
| Amounts receivable after more than one year | 29 | €24,000 | €24,000 | = | 0.0% |
| Other amounts receivable | 291 | €24,000 | €24,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €32,949 | €5,059 | -€27,890 | -84.6% |
| Stocks | 30/36 | €32,949 | €5,059 | -€27,890 | -84.6% |
| Amounts receivable within one year | 40/41 | €94,740 | €111,715 | +€16,975 | +17.9% |
| Trade receivables | 40 | €40,155 | €36,485 | -€3,669 | -9.1% |
| Other amounts receivable | 41 | €54,585 | €75,229 | +€20,644 | +37.8% |
| Cash at bank and in hand | 54/58 | €5,132 | €74,959 | +€69,827 | +1,361% |
| Deferred charges and accrued income | 490/1 | €5,814 | €6,824 | +€1,010 | +17.4% |
| Total equity and liabilities | 10/49 | €737,281 | €772,390 | +€35,108 | +4.8% |
| Equity | 10/15 | €403,480 | €513,241 | +€109,761 | +27.2% |
| Contributions | 10/11 | €358,600 | €358,600 | = | 0.0% |
| Reserves | 13 | €22,573 | €22,573 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,210 | €4,210 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,210 | €4,210 | = | 0.0% |
| Distributable reserves | 133 | €18,363 | €18,363 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,308 | €132,068 | +€109,761 | +492% |
| Amounts payable | 17/49 | €333,801 | €259,149 | -€74,652 | -22.4% |
| Amounts payable after more than one year | 17 | €225,021 | €207,713 | -€17,308 | -7.7% |
| Financial debts | 170/4 | €225,021 | €207,713 | -€17,308 | -7.7% |
| Amounts payable within one year | 42/48 | €107,844 | €50,866 | -€56,978 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €35,614 | €17,308 | -€18,306 | -51.4% |
| Financial debts | 43 | €29,688 | €0 | -€29,688 | -100% |
| Credit institutions | 430/8 | €29,688 | €0 | -€29,688 | -100% |
| Trade debts | 44 | €34,023 | €10,313 | -€23,710 | -69.7% |
| Suppliers | 440/4 | €34,023 | €10,313 | -€23,710 | -69.7% |
| Taxes, remuneration and social security | 45 | €8,519 | €23,245 | +€14,726 | +173% |
| Taxes | 450/3 | €710 | €18,235 | +€17,525 | +2,468% |
| Remuneration and social security | 454/9 | €7,809 | €5,010 | -€2,799 | -35.8% |
| Accrued charges and deferred income | 492/3 | €935 | €570 | -€366 | -39.1% |
| Non-recurring operating income | 76A | €0 | €164,187 | +€164,187 | |
| Remuneration, social security and pensions | 62 | €86,042 | €95,132 | +€9,090 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,603 | €23,890 | -€1,713 | -6.7% |
| Other operating charges | 640/8 | €5,433 | €5,667 | +€233 | +4.3% |
| Non-recurring operating charges | 66A | €1,971 | €0 | -€1,971 | -100% |
| Gross operating margin | 9900 | €149,710 | €263,002 | +€113,292 | +75.7% |
| Operating profit (loss) | 9901 | €30,660 | €138,313 | +€107,654 | +351% |
| Financial income | 75/76B | €2,136 | €4,635 | +€2,499 | +117% |
| Recurring financial income | 75 | €2,136 | €4,635 | +€2,499 | +117% |
| Financial charges | 65/66B | €10,253 | €15,427 | +€5,174 | +50.5% |
| Recurring financial charges | 65 | €10,253 | €15,427 | +€5,174 | +50.5% |
| Profit (loss) for the period before taxes | 9903 | €22,543 | €127,521 | +€104,978 | +466% |
| Income taxes | 67/77 | €235 | €17,761 | +€17,525 | +7,447% |
| Profit (loss) for the period | 9904 | €22,308 | €109,761 | +€87,453 | +392% |
| Profit (loss) for the period to be appropriated | 9905 | €22,308 | €109,761 | +€87,453 | +392% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.