Ardenia: what changed
Two fiscal 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.
Ardenia
Largest movements
- Cash +€42,688
up €42,688 (+6776.5%), from €630 to €43,318
mainly Depreciation (+€26,092) and Trade debts (+€8,718)
- Tangible fixed assets -€26,092
down €26,092 (-28.1%), from €92,747 to €66,655
of which Plant, machinery and equipment: -€20,609
- Receivables within one year +€8,258
up €8,258 (+3.1%), from €265,878 to €274,136
of which Trade receivables: +€39,982
- Trade debts +€8,718
up €8,718 (+8.0%), from €109,523 to €118,242
- Reserves +€6,147
up €6,147 (+7.7%), from €79,943 to €86,090
of which Distributable reserves: +€6,147
- Staff costs +€18,371
up €18,371 (+6.5%), from €281,438 to €299,809
- Gross operating margin +€13,450
up €13,450 (+4.1%), from €331,265 to €344,715
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 | €457,446 | €475,956 | +€18,509 | +4.0% |
| Fixed assets | 21/28 | €93,495 | €67,403 | -€26,092 | -27.9% |
| Tangible fixed assets | 22/27 | €92,747 | €66,655 | -€26,092 | -28.1% |
| Plant, machinery and equipment | 23 | €68,815 | €48,206 | -€20,609 | -29.9% |
| Leasing and similar rights | 25 | €23,932 | €18,449 | -€5,484 | -22.9% |
| Financial fixed assets | 28 | €748 | €748 | = | 0.0% |
| Current assets | 29/58 | €363,951 | €408,553 | +€44,601 | +12.3% |
| Stocks and contracts in progress | 3 | €94,443 | €91,098 | -€3,345 | -3.5% |
| Stocks | 30/36 | €94,443 | €91,098 | -€3,345 | -3.5% |
| Amounts receivable within one year | 40/41 | €265,878 | €274,136 | +€8,258 | +3.1% |
| Trade receivables | 40 | €234,155 | €274,136 | +€39,982 | +17.1% |
| Other amounts receivable | 41 | €31,724 | - | -€31,724 | |
| Cash at bank and in hand | 54/58 | €630 | €43,318 | +€42,688 | +6776.5% |
| Deferred charges and accrued income | 490/1 | €3,000 | - | -€3,000 | |
| Total equity and liabilities | 10/49 | €457,446 | €475,956 | +€18,509 | +4.0% |
| Equity | 10/15 | €154,943 | €161,090 | +€6,147 | +4.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €79,943 | €86,090 | +€6,147 | +7.7% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,735 | €1,735 | = | 0.0% |
| Distributable reserves | 133 | €70,708 | €76,855 | +€6,147 | +8.7% |
| Amounts payable | 17/49 | €302,503 | €314,866 | +€12,363 | +4.1% |
| Amounts payable after more than one year | 17 | €149,330 | €145,068 | -€4,263 | -2.9% |
| Financial debts | 170/4 | €18,862 | €14,600 | -€4,263 | -22.6% |
| Other amounts payable | 178/9 | €130,468 | €130,468 | = | 0.0% |
| Amounts payable within one year | 42/48 | €153,173 | €169,798 | +€16,625 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €8,209 | €12,243 | +€4,034 | +49.1% |
| Trade debts | 44 | €109,523 | €118,242 | +€8,718 | +8.0% |
| Suppliers | 440/4 | €109,523 | €118,242 | +€8,718 | +8.0% |
| Taxes, remuneration and social security | 45 | €35,441 | €39,314 | +€3,873 | +10.9% |
| Taxes | 450/3 | €16,558 | €12,219 | -€4,339 | -26.2% |
| Remuneration and social security | 454/9 | €18,883 | €27,095 | +€8,212 | +43.5% |
| Remuneration, social security and pensions | 62 | €281,438 | €299,809 | +€18,371 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,516 | €26,092 | +€576 | +2.3% |
| Other operating charges | 640/8 | €7,788 | €5,336 | -€2,452 | -31.5% |
| Gross operating margin | 9900 | €331,265 | €344,715 | +€13,450 | +4.1% |
| Operating profit (loss) | 9901 | €16,524 | €13,478 | -€3,046 | -18.4% |
| Financial income | 75/76B | €594 | €0 | -€594 | -100.0% |
| Recurring financial income | 75 | €594 | €0 | -€594 | -100.0% |
| Financial charges | 65/66B | €3,197 | €4,636 | +€1,439 | +45.0% |
| Recurring financial charges | 65 | €3,197 | €4,636 | +€1,439 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | €13,922 | €8,842 | -€5,079 | -36.5% |
| Income taxes | 67/77 | €3,904 | €2,695 | -€1,209 | -31.0% |
| Profit (loss) for the period | 9904 | €10,017 | €6,147 | -€3,871 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,017 | €6,147 | -€3,871 | -38.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.