ARDEMADENT: 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.
ARDEMADENT
Largest movements
- Current investments +€64,017
new in 2025: €64,017
- Cash -€50,758
down €50,758 (-83.3%), from €60,929 to €10,171
mainly Current investments (-€64,017) and Receivables within one year (-€10,518)
- Receivables within one year +€10,518
up €10,518 (+33.5%), from €31,408 to €41,926
of which Trade receivables: +€9,308
- Deferred charges and accrued income +€9,498
up €9,498 (+300%), from €3,166 to €12,664
- Reserves +€35,550
up €35,550 (+39.2%), from €90,655 to €126,205
- Trade debts -€1,872
down €1,872 (-99.9%), from €1,874 to €3
- Gross operating margin -€66,373
down €66,373 (-57.2%), from €115,972 to €49,599
- Taxes -€13,313
down €13,313 (-54.4%), from €24,474 to €11,160
- Depreciation +€1,252
up €1,252 (+95.4%), from €1,312 to €2,564
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 | €103,217 | €136,932 | +€33,714 | +32.7% |
| Fixed assets | 21/28 | €7,714 | €8,154 | +€440 | +5.7% |
| Tangible fixed assets | 22/27 | €7,714 | €8,154 | +€440 | +5.7% |
| Plant, machinery and equipment | 23 | €1,825 | €1,117 | -€708 | -38.8% |
| Furniture and vehicles | 24 | €5,889 | €7,037 | +€1,148 | +19.5% |
| Current assets | 29/58 | €95,504 | €128,778 | +€33,274 | +34.8% |
| Amounts receivable within one year | 40/41 | €31,408 | €41,926 | +€10,518 | +33.5% |
| Trade receivables | 40 | €8,063 | €17,371 | +€9,308 | +115% |
| Other amounts receivable | 41 | €23,345 | €24,555 | +€1,210 | +5.2% |
| Current investments | 50/53 | - | €64,017 | +€64,017 | |
| Cash at bank and in hand | 54/58 | €60,929 | €10,171 | -€50,758 | -83.3% |
| Deferred charges and accrued income | 490/1 | €3,166 | €12,664 | +€9,498 | +300% |
| Total equity and liabilities | 10/49 | €103,217 | €136,932 | +€33,714 | +32.7% |
| Equity | 10/15 | €93,655 | €129,205 | +€35,550 | +38.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €90,655 | €126,205 | +€35,550 | +39.2% |
| Distributable reserves | 133 | €90,655 | €126,205 | +€35,550 | +39.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,562 | €7,727 | -€1,835 | -19.2% |
| Amounts payable within one year | 42/48 | €9,562 | €7,727 | -€1,835 | -19.2% |
| Trade debts | 44 | €1,874 | €3 | -€1,872 | -99.9% |
| Suppliers | 440/4 | €1,874 | €3 | -€1,872 | -99.9% |
| Taxes, remuneration and social security | 45 | €7,128 | €7,123 | -€5 | -0.1% |
| Taxes | 450/3 | €7,128 | €7,123 | -€5 | -0.1% |
| Other amounts payable | 47/48 | €560 | €601 | +€41 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,312 | €2,564 | +€1,252 | +95.4% |
| Other operating charges | 640/8 | €402 | €344 | -€58 | -14.5% |
| Gross operating margin | 9900 | €115,972 | €49,599 | -€66,373 | -57.2% |
| Operating profit (loss) | 9901 | €114,257 | €46,691 | -€67,567 | -59.1% |
| Financial income | 75/76B | €2,026 | €1,350 | -€676 | -33.4% |
| Recurring financial income | 75 | €2,026 | €1,350 | -€676 | -33.4% |
| Financial charges | 65/66B | €354 | €472 | +€118 | +33.2% |
| Recurring financial charges | 65 | €354 | €472 | +€118 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €115,929 | €47,569 | -€68,360 | -59.0% |
| Income taxes | 67/77 | €24,474 | €11,160 | -€13,313 | -54.4% |
| Profit (loss) for the period | 9904 | €91,455 | €36,409 | -€55,047 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €91,455 | €36,409 | -€55,047 | -60.2% |
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 16 October 2026 via checked.be.