ARDENLOISIR: 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.
ARDENLOISIR
Largest movements
- Tangible fixed assets -€23,609
down €23,609 (-8.6%), from €275,271 to €251,662
of which Land and buildings: -€17,257
- Cash -€4,800
down €4,800 (-30.6%), from €15,667 to €10,867
mainly Advances received (-€11,434) and Debts after one year (-€10,492)
- Advances received -€11,434
no longer reported in 2026 (was €11,434)
- Debts after one year -€10,492
down €10,492 (-8.2%), from €127,576 to €117,083
- Other debts +€4,965
new in 2026: €4,965
- Trade debts -€3,552
down €3,552 (-97.0%), from €3,662 to €110
- Current portion of long-term debt -€2,980
down €2,980 (-22.1%), from €13,472 to €10,492
- Gross operating margin +€12,786
up €12,786 (+74.3%), from €17,206 to €29,992
- Depreciation -€6,909
down €6,909 (-22.6%), from €30,518 to €23,609
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €292,061 | €266,394 | -€25,667 | -8.8% |
| Fixed assets | 21/28 | €275,271 | €251,662 | -€23,609 | -8.6% |
| Tangible fixed assets | 22/27 | €275,271 | €251,662 | -€23,609 | -8.6% |
| Land and buildings | 22 | €268,409 | €251,153 | -€17,257 | -6.4% |
| Plant, machinery and equipment | 23 | €3,971 | €125 | -€3,845 | -96.8% |
| Furniture and vehicles | 24 | €2,892 | €385 | -€2,507 | -86.7% |
| Current assets | 29/58 | €16,790 | €14,731 | -€2,058 | -12.3% |
| Amounts receivable within one year | 40/41 | €1,123 | €3,865 | +€2,742 | +244% |
| Trade receivables | 40 | - | €3,151 | +€3,151 | |
| Other amounts receivable | 41 | €1,123 | €713 | -€409 | -36.5% |
| Cash at bank and in hand | 54/58 | €15,667 | €10,867 | -€4,800 | -30.6% |
| Total equity and liabilities | 10/49 | €292,061 | €266,394 | -€25,667 | -8.8% |
| Equity | 10/15 | €135,917 | €133,743 | -€2,174 | -1.6% |
| Contributions | 10/11 | €52,000 | €52,000 | = | 0.0% |
| Capital | 10 | €52,000 | €52,000 | = | 0.0% |
| Issued capital | 100 | €52,000 | €52,000 | = | 0.0% |
| Revaluation surpluses | 12 | €230,899 | €230,899 | = | 0.0% |
| Reserves | 13 | €27,950 | €27,950 | = | 0.0% |
| Distributable reserves | 133 | €27,950 | €27,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,932 | -€177,106 | -€2,174 | -1.2% |
| Amounts payable | 17/49 | €156,144 | €132,650 | -€23,493 | -15.0% |
| Amounts payable after more than one year | 17 | €127,576 | €117,083 | -€10,492 | -8.2% |
| Financial debts | 170/4 | €127,576 | €117,083 | -€10,492 | -8.2% |
| Amounts payable within one year | 42/48 | €28,568 | €15,567 | -€13,001 | -45.5% |
| Current portion of amounts payable after more than one year | 42 | €13,472 | €10,492 | -€2,980 | -22.1% |
| Trade debts | 44 | €3,662 | €110 | -€3,552 | -97.0% |
| Suppliers | 440/4 | €3,662 | €110 | -€3,552 | -97.0% |
| Advances received on contracts in progress | 46 | €11,434 | - | -€11,434 | |
| Other amounts payable | 47/48 | - | €4,965 | +€4,965 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,518 | €23,609 | -€6,909 | -22.6% |
| Other operating charges | 640/8 | €3,796 | €3,882 | +€86 | +2.3% |
| Gross operating margin | 9900 | €17,206 | €29,992 | +€12,786 | +74.3% |
| Operating profit (loss) | 9901 | -€17,108 | €2,501 | +€19,609 | |
| Financial charges | 65/66B | €4,929 | €4,675 | -€254 | -5.2% |
| Recurring financial charges | 65 | €4,929 | €4,675 | -€254 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,037 | -€2,174 | +€19,863 | +90.1% |
| Profit (loss) for the period | 9904 | -€22,037 | -€2,174 | +€19,863 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,037 | -€2,174 | +€19,863 | +90.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.