ARDEMO: 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.
ARDEMO
Largest movements
- Cash +€6,377
up €6,377 (+15183.3%), from €42 to €6,419
mainly Net result for the year (+€3,833) and Receivables within one year (+€2,619)
- Receivables within one year -€2,619
down €2,619 (-25.4%), from €10,310 to €7,691
of which Trade receivables: -€3,998
- Tangible fixed assets -€471
down €471 (-25.8%), from €1,827 to €1,356
- Profit (loss) carried forward +€3,833
up €3,833 (+61.9%), from €6,190 to €10,023
- Trade debts -€521
no longer reported in 2025 (was €521)
- Gross operating margin +€4,540
up €4,540 (+339.3%), from €1,338 to €5,878
- Taxes +€1,050
up €1,050 (+308.8%), from €340 to €1,390
- Depreciation +€414
up €414 (+726.3%), from €57 to €471
- Financial charges -€61
down €61 (-28.6%), from €213 to €152
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 | €12,179 | €15,466 | +€3,287 | +27.0% |
| Fixed assets | 21/28 | €1,827 | €1,356 | -€471 | -25.8% |
| Tangible fixed assets | 22/27 | €1,827 | €1,356 | -€471 | -25.8% |
| Furniture and vehicles | 24 | €1,827 | €1,356 | -€471 | -25.8% |
| Current assets | 29/58 | €10,352 | €14,110 | +€3,758 | +36.3% |
| Amounts receivable within one year | 40/41 | €10,310 | €7,691 | -€2,619 | -25.4% |
| Trade receivables | 40 | €3,998 | - | -€3,998 | |
| Other amounts receivable | 41 | €6,312 | €7,691 | +€1,379 | +21.8% |
| Cash at bank and in hand | 54/58 | €42 | €6,419 | +€6,377 | +15183.3% |
| Total equity and liabilities | 10/49 | €12,179 | €15,466 | +€3,287 | +27.0% |
| Equity | 10/15 | €9,190 | €13,023 | +€3,833 | +41.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,190 | €10,023 | +€3,833 | +61.9% |
| Amounts payable | 17/49 | €2,989 | €2,443 | -€546 | -18.3% |
| Amounts payable within one year | 42/48 | €2,989 | €2,443 | -€546 | -18.3% |
| Trade debts | 44 | €521 | - | -€521 | |
| Suppliers | 440/4 | €521 | - | -€521 | |
| Taxes, remuneration and social security | 45 | €2,468 | €2,443 | -€25 | -1.0% |
| Taxes | 450/3 | €2,468 | €2,443 | -€25 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57 | €471 | +€414 | +726.3% |
| Other operating charges | 640/8 | €387 | €411 | +€24 | +6.2% |
| Gross operating margin | 9900 | €1,338 | €5,878 | +€4,540 | +339.3% |
| Operating profit (loss) | 9901 | €894 | €4,996 | +€4,102 | +458.8% |
| Financial income | 75/76B | €349 | €379 | +€30 | +8.6% |
| Recurring financial income | 75 | €349 | €379 | +€30 | +8.6% |
| Financial charges | 65/66B | €213 | €152 | -€61 | -28.6% |
| Recurring financial charges | 65 | €213 | €152 | -€61 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €1,030 | €5,223 | +€4,193 | +407.1% |
| Income taxes | 67/77 | €340 | €1,390 | +€1,050 | +308.8% |
| Profit (loss) for the period | 9904 | €690 | €3,833 | +€3,143 | +455.5% |
| Profit (loss) for the period to be appropriated | 9905 | €690 | €3,833 | +€3,143 | +455.5% |
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 11 October 2026 via checked.be.