ARDENNA CONSULT: 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.
ARDENNA CONSULT
Largest movements
- Tangible fixed assets -€11,641
down €11,641 (-45.3%), from €25,688 to €14,047
of which Furniture and vehicles: -€11,248
- Cash +€9,801
up €9,801 (+10.1%), from €96,723 to €106,524
mainly Net result for the year (+€82,798) and Depreciation (+€12,824)
- Receivables after one year -€5,212
down €5,212 (-2.7%), from €190,000 to €184,788
- Profit (loss) carried forward +€32,209
up €32,209 (+14.6%), from €219,939 to €252,149
- Other debts -€31,355
down €31,355 (-37.0%), from €84,847 to €53,492
- Tax, wage and social debts -€5,241
down €5,241 (-24.8%), from €21,126 to €15,885
of which Taxes: -€5,241
- Financial income +€22,455
up €22,455 (+4,209%), from €534 to €22,989
- Gross operating margin -€10,010
down €10,010 (-9.1%), from €109,550 to €99,540
- Financial charges +€5,232
up €5,232 (+5,607%), from €93 to €5,325
- Taxes +€1,756
up €1,756 (+8.9%), from €19,627 to €21,382
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 | €332,063 | €328,099 | -€3,964 | -1.2% |
| Fixed assets | 21/28 | €25,688 | €14,047 | -€11,641 | -45.3% |
| Tangible fixed assets | 22/27 | €25,688 | €14,047 | -€11,641 | -45.3% |
| Furniture and vehicles | 24 | €23,893 | €12,645 | -€11,248 | -47.1% |
| Other tangible fixed assets | 26 | €1,795 | €1,402 | -€393 | -21.9% |
| Current assets | 29/58 | €306,375 | €314,052 | +€7,677 | +2.5% |
| Amounts receivable after more than one year | 29 | €190,000 | €184,788 | -€5,212 | -2.7% |
| Other amounts receivable | 291 | €190,000 | €184,788 | -€5,212 | -2.7% |
| Amounts receivable within one year | 40/41 | €18,362 | €21,212 | +€2,850 | +15.5% |
| Trade receivables | 40 | €16,866 | €20,839 | +€3,973 | +23.6% |
| Other amounts receivable | 41 | €1,496 | €373 | -€1,123 | -75.1% |
| Cash at bank and in hand | 54/58 | €96,723 | €106,524 | +€9,801 | +10.1% |
| Deferred charges and accrued income | 490/1 | €1,291 | €1,528 | +€238 | +18.4% |
| Total equity and liabilities | 10/49 | €332,063 | €328,099 | -€3,964 | -1.2% |
| Equity | 10/15 | €224,939 | €257,149 | +€32,209 | +14.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €219,939 | €252,149 | +€32,209 | +14.6% |
| Amounts payable | 17/49 | €107,124 | €70,950 | -€36,173 | -33.8% |
| Amounts payable within one year | 42/48 | €106,834 | €70,700 | -€36,134 | -33.8% |
| Trade debts | 44 | €861 | €1,323 | +€462 | +53.6% |
| Suppliers | 440/4 | €861 | €1,323 | +€462 | +53.6% |
| Taxes, remuneration and social security | 45 | €21,126 | €15,885 | -€5,241 | -24.8% |
| Taxes | 450/3 | €18,926 | €13,685 | -€5,241 | -27.7% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €84,847 | €53,492 | -€31,355 | -37.0% |
| Accrued charges and deferred income | 492/3 | €290 | €250 | -€40 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,785 | €12,824 | +€40 | +0.3% |
| Other operating charges | 640/8 | €200 | €200 | = | 0.0% |
| Gross operating margin | 9900 | €109,550 | €99,540 | -€10,010 | -9.1% |
| Operating profit (loss) | 9901 | €96,565 | €86,516 | -€10,049 | -10.4% |
| Financial income | 75/76B | €534 | €22,989 | +€22,455 | +4,209% |
| Recurring financial income | 75 | €534 | €22,989 | +€22,455 | +4,209% |
| Financial charges | 65/66B | €93 | €5,325 | +€5,232 | +5,607% |
| Recurring financial charges | 65 | €93 | €5,325 | +€5,232 | +5,607% |
| Profit (loss) for the period before taxes | 9903 | €97,006 | €104,180 | +€7,175 | +7.4% |
| Income taxes | 67/77 | €19,627 | €21,382 | +€1,756 | +8.9% |
| Profit (loss) for the period | 9904 | €77,379 | €82,798 | +€5,419 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,379 | €82,798 | +€5,419 | +7.0% |
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 17 October 2026 via checked.be.